Home Prices up in South Lake Tahoe
May 1, 2011
Looking at South Lake Tahoe properties through April 2011 compared to the same time last year, statistics show that home prices are rising once again. The number of homes sold is up slightly but the median home and price and price per sq. ft. has increased and that is good news for the sellers that have been up-side down and stuck trying to wait out the market. The down side is the number of foreclosures sold this year, up from 54 in 2010 to 63. What this all means is that the South Lake Tahoe Real Estate market is improving but at a slow pace. Contact Chuck Stanley, (530) 318-8830 or email chuckstanley@sbcglobal.net.
| 1/1/11-4/30/11 | |||||||||||
| Homes Sold | 167 | ||||||||||
| Median Price | $285,000 | ||||||||||
| Average Days on Market | 175 | ||||||||||
| Average Sales Price Per Sq. Ft. | $196.00 | ||||||||||
| 1/1/10-4/30/10 | |||||||||||
| Homes Sold | 162 | ||||||||||
| Median Price | $318,250 | ||||||||||
| Average Days on Market | $170 | ||||||||||
| Average Sales Price Per Sq. Ft. | $214,000 | ||||||||||
Lake Tahoe Mortgage Rate Update
April 20, 2011
Hello to all today,
The mortgage rates have dipped about an eighth in percent this week. Some tremendous deals are still to be had in the Tahoe/Carson Valley areas.
Wednesday, April 13, 2011
All rates quoted with 15 or 20-day locks, no points or origination fees, unless noted. All rates subject to change without notice.
Conforming (up to $417,000)*
30-year 4.875%
15-year 4.250%
5-year 3.500%
7-year 3.875%
Freddie Mac Relief Refi (up to 105%) & Fannie Mae Plus (up to 105%)
(Restrictions May Apply, call with scenario)
30-year 5.250%
FNMA Home Path
Up to 97% LTV, No appraisal
(Restrictions Apply, call with scenario)
30-year 5.250% (up to 80% LTV)
Agency High Conforming/Super Conforming
30-year 5.000%
5-year 3.875%
Jumbo 5-year
4.875% (1% Fee)
Non-owner Occupied up to 75% LTV
Conforming Purchase & No Cash Out Refinance (90% LTV Available)
30-year 5.250%
FHA (1% UPMIP) / VA (2.25% Funding Fee)
30-year 4.750% (1% Credit)
Quotes are based on 15 or 20-day lock.
Rates are subject to change without prior notice. RE Agent info only.
This post brought to you by Susan Reynolds, Apine Lending Group helping you with your Lake Tahoe Real Estate needs. Contact Suasan at sreynoldsbroker@att.net or call her direct 775-200-0605
South Lake Tahoe Mortgage Up-Date
April 11, 2011
Here are Karen Oliver’s mortgage up-date brought to you by Chuck Stanley, Century 21 Tahoe Paradise. Contact Chuck Stanley, (530) 318-8830 or email chuckstanley@sbcglobal.net.
Rates seem to be holding steady on most programs.
Associated Mortgage Center
Office (530) 544-5309 Toll Free (877) 300-8481 Fax (530) 544-0423
Evenings and Weekends (530) 542-4624
April 11, 2011
Please call, for super jumbo rates.
Check, Compare, and Call, ask for Karen
The rates quoted below are for a 30 day locks.
No points unless stated. All rates subject to change without notice.
Credit Assumptions Apply.
Conforming (up to $417,000)
30 year fixed rate 5.00% 0 points
30 year fixed rate 4.875% .5 points
15 year fixed rate 4.25 % 0 points
High Balance Conforming
580,000.00
15 year fixed rate 4.375 % 0 points
30 year fixed rate 5.125 % 0 points
FHA (up to $417,000.)
30 year fixed rate 4.75 % 0 point
15 year fixed rate 4.25 % 0 point
FHA High Balance
30 year fixed rate 4.75 % 0 POINTS!
Call for Jumbo Rates!
USDA 30 year fixed 4.875 % 0 points
Licensed Real Estate Agent in Ca
Associated Mortgage Center is a Licensed Broker in Ca. & Nevada
Rates quoted are for a 45 day lock
Agent Information Only- Not for public distribution
Call me for any questions you might have regarding the USDA rural housing loans.. (530-544-5309) Ca Lic # 00613741 Brokers, 360120 Agent Lic#00665796, NMLSR 361994,
Check……………….Compare………………Call……..Karen Oliver…………!
Interest Rate Up-Date for 1/7/11
January 7, 2011
Friday, January 07, 2011 Courtesy of Susan Reynolds Alpine Lending Group
sreynoldsbroker@att.net 775-200-0605
All rates quoted with 15 or 20-day locks, no points or origination fees, unless noted. All rates subject to change without notice.
Conforming (up to $417,000)*
30-year 4.875%
15-year 4.250%
5-year 3.875%
7-year 3.875% (1% Fee)
Freddie Mac Relief Refi (up to 105%) & Fannie Mae Plus (up to 105%)
(Restrictions May Apply, call with scenario)
30-year 4.875%
FNMA Home Path
(Restrictions Apply, call with scenario)
30-year 5.000%
FNMA High Conforming Limits:
$580,000 El Dorado, Placer, Sacramento Counties
$463,450 Alpine County
NV counties remain at $417,000, except Douglas $468,750
https://www.efanniemae.com/sf/refmaterials/loanlimits/xls/loanlimref.xls
30-year 5.125%
5-year 4.000% (1.60% Fee)
Jumbo 5-year
5.000% (1% Fee)
Non-owner Occupied up to 75% LTV
Conforming Purchase & No cash out refinance (90% LTV Available)
30-year 5.000% (1% Fee)
FHA (1% UPMIP) / VA (2.25% Funding Fee)
30-year 4.875%
Quotes are based on 15 or 20-day lock.
Rates are subject to change without prior notice. RE Agent info only.
Susan Reynolds-
Alpine Lending Group
VOX 775-200-0605 Follows me everywhere
FAX 775-847-7375
NV Mortgage Broker License #3079
NV Mortgage Agent License #46738
CA Broker License #00860550
NMLS #248311
21320 Delta Drive – Reno – NV – 89521
NMLS #338361
3330 Lake Tahoe Blvd #13 – South Lake Tahoe – CA – 96150
NMLS #339207
South Lake Tahoe Real Estate- Have We Hit Bottom?
January 6, 2011
47 homes and condos sold in December 2010 in South Lake Tahoe (City & County). Compare this to 53 sales in December of 1990 and you can just about call the activity even year over year month to month. The median home prices seem to be telling a good story and give us some optimism that the market is at or near the bottom. The median home prices were consistent throughout the year at about $320,000. In January of ’09 the median price for South Lake Tahoe Properties was $401,000 and dropped steady until October of ’09 when the median home price hit a low for the year of $320,000 and has remained in that range now for 14 months. We had a high of $328,000 in September and a low of $317, 500 Jan-March. You can almost say prices are on the rise but let’s not get carried away yet. The foreclosures in South Lake Tahoe will have to diminish significantly for us to get to optimistic about a rebound. Median home prices can also fluctuate due to the type and size of homes sold but the stats are still worth looking at. Contact Chuck Stanley, Century 21 Tahoe Paradise, 530-318-8830, chuckstanley@sbcglobal.net
Home and Condo Sold for December 2010
Street # Street Unit List Price # Beds # Baths Sq. Ft. DOM SOLD PRICE
2233 Blitzen 394,900 4 3 2356 755 394,900
680 Seneca 299,999 2 2 1766 531 288,000
771 Lassen 539,000 4 3 2211 284 500,000
697 Seneca 299,900 3 2 1584 245 305,000
3038 Nevada 358,000 3 2 1820 247 358,000
3606 Birch 129,900 3 2 1162 225 88,725
1751 Nadowa 269,000 3 1.75 1200 218 255,000
357 Ala Wai 214 369,000 3 2 1400 219 340,000
2172 Balboa 1,798,000 5 5 4000 195 1,600,000
1523 Plumas 224,900 3 1 1292 208 147,000
922 Han 379,000 3 2 1930 202 350,000
2305 Oregon 289,000 3 2 1248 173 260,000
2042 Aloha 627,900 3 3 2457 181 605,000
1410 Ski Run 31 175,000 2 1.5 832 148 165,000
2604 Fountain 179,000 2 1 864 160 175,000
1683 Chippewa 399,000 3 2 1504 158 393,000
1909 Elks Club 527,900 3 2.5 2926 158 528,000
2324 Alice Lake 319,900 3 2 1630 163 290,000
1137 Keller 175,000 2 1 816 143 165,000
840 Paloma 299,000 4 2 2472 148 310,000
250 Wiltse 299,000 3 2.5 2896 139 275,000
1590 Miztec 759,000 6 5 4015 128 700,000
1500 Crystal Air 399,900 3 2.5 1931 137 390,000
550 Lake Tahoe 214,900 3 1 1092 119 207,900
489 Tahoe Keys 75 279,900 2 1.5 1014 106 254,000
1228 Goldpan 349,000 3 2 1856 107 325,000
3397 Beaver Brae 609,000 4 3 2753 110 601,000
2452 Lupine 649,000 4 3 3355 81 639,000
1183 Reno 175,000 2 1 1000 73 165,000
2264 Sky Meadows 179,500 2 1.75 1120 64 179,500
2146 Monterey 795,000 5 3 2718 70 732,500
1905 Koyukon 349,000 4 2 1836 49 339,000
2383 Blitzen 325,000 2 2 1166 55 310,000
1927 Venice 649,000 4 2.5 2625 49 625,000
1846 Haidas 449,000 3 2 1925 47 435,000
1321 Acoma 198,500 2 1 864 49 192,000
1585 Pioneer 514,080 4 3 2885 40 500,000
2645 Elwood 229,900 3 3 2068 31 229,900
1139 Herbert B 183,000 3 2 1161 20 175,000
971 Kiowa 152,500 2 1 768 25 154,000
3524 Pinecrest 235,620 4 3 2005 28 256,500
724 San Francisco 195,900 3 2 1092 82 196,000
8036 Mill Run 99,000 1 0.75 900 95 95,000
1888 Osage 648,000 6 5 4198 116 500,000
1410 Ski Run 7 150,000 2 1.5 832 156 135,000
1712 Meadow Vale 739,000 6 3.5 4083 567 710,000
2245 Del Norte 895,000 4 3 4407 1365 800,000
Contact Chuck Stanley, Century 21 Tahoe Paradise, 530-318-8830, chuckstanley@sbcglobal.net
South Lake Tahoe Sales Up-Date
December 21, 2010
Here’s the most sales November/December sales for South Lake Tahoe Properties in Christmas Valley, Country Club Estates, Meyers, Tahoe Paradise and Pioneer Trail area of South Lake Tahoe. Contact Chuck Stanley, Century 21 Tahoe Paradise, 530-318-8830, chuckstanley@sbcglobal.net
| Address | Street | List Price | Bedrooms | Baths | Year | Size | Days on market | Selling Price | |
| 2233 | Blitzen | 394,900 | 4 | 3 | 2008 | 2356 | 755 | 394,900 | |
| 1712 | Meadow Vale | 739,000 | 6 | 3.5 | 2009 | 4083 | 567 | 710,000 | |
| 3075 | Egret | 475,000 | 3 | 2 | 2010 | 1348 | 298 | 420,000 | |
| 1751 | Nadowa | 269,000 | 3 | 1.75 | 2010 | 1200 | 218 | 255,000 | |
| 1941 | Arrowhead | 349,000 | 5 | 2 | 2010 | 2216 | 139 | 319,000 | |
| 1194 | Tokochi | 199,000 | 2 | 1 | 2010 | 1095 | 126 | 187,000 | |
| 1683 | Chippewa | 399,000 | 3 | 2 | 2010 | 1504 | 158 | 393,000 | |
| 1938 | Osage | 648,888 | 6 | 4 | 2010 | 3384 | 105 | 630,000 | |
| 1590 | Miztec | 759,000 | 6 | 5 | 2010 | 4015 | 128 | 700,000 | |
| 967 | Colusa | 425,000 | 3 | 2.5 | 2010 | 2286 | 93 | 420,000 | |
| 1033 | Cheyenne | 219,000 | 3 | 2 | 2010 | 1124 | 84 | 215,000 | |
| 1996 | Susquehana | 215,500 | 3 | 1.75 | 2010 | 1040 | 79 | 204,000 | |
| 1867 | Brule | 239,000 | 4 | 2 | 2010 | 1228 | 77 | 235,000 | |
| 1905 | Koyukon | 349,000 | 4 | 2 | 2010 | 1836 | 49 | 339,000 | |
| 2383 | Blitzen | 325,000 | 2 | 2 | 2010 | 1166 | 55 | 310,000 |
Realty Trac Top Forclosure Rates for April 2010
May 13, 2010
Top 10 States with highest foreclosure rates: (No new surprises)
1) Nevada-1 in 69 units
2) Arizona-1 in 169 units
3) Florida- 1 in 182 units
4) California- 1 in 192 units
5) Utah- 1 in 221 units
6) Idaho- 1 in 226 units
7) Michigan- 1 in 237 units
Illinois- 1 in 280 units
9) Georgia- 1 in 288 units
10) Colorado- 1 in 337 units
Top 10 metro areas:
1) Las Vegas- 1 in 60 units (still #1)
2) Modesto, CA- 1 in 101 units
3) Merced, CA- 1 in 104 units
4) Cape Coral/fort Myers FL- 1 in 105 units
5) Stockton, CA- 1 in 108 units
6) Riverside/San Bernardino/Ontario-CA- 1 in 110 units
7) Reno/Sparks, NV- 1 in 112 units (close to home)
Vallejo/Fairfield, CA- 1 in 117 units
9) Bakersfield, CA- 1 in 120 units
10) Phoenix, AZ- 1 in 136 units
Current Foreclosures on South Lake Tahoe Homes:
| Adress | Street | List Pirce | Beds | Baths | Sq. Ft. | DOM | ||
| 1858 | Venice | 475,500 | 5 | 3 | 2456 | 177 | ||
| 1788 | Pioneer | 729,000 | 3 | 3.5 | 3063 | 136 | ||
| 1030 | Chonokis | 499,000 | 3 | 2.5 | 2258 | 122 | ||
| 2560 | Pinter | 179,900 | 3 | 2 | 1274 | 89 | ||
| 2067 | 10th | 349,000 | 3 | 1.75 | 1981 | 73 | ||
| 1992 | Marconi | 875,000 | 3 | 2.5 | 2663 | 52 | ||
| 1576 | Miztec | 275,500 | 3 | 2 | 1312 | 48 | ||
| 3598 | Terry | 157,500 | 2 | 1 | 896 | 44 | ||
| 2452 | Ponderosa | 329,900 | 3 | 2.5 | 2316 | 36 | ||
| 2600 | Kubel | 149,900 | 2 | 1 | 852 | 35 | ||
| 2019 | Garmish | 775,000 | 4 | 2.5 | 2584 | 24 | ||
| 439 | Ala Wai | 264,900 | 1 | 1 | 702 | 21 | ||
| 3606 | Birch | 159,900 | 3 | 2 | 1162 | 18 | ||
| 686 | Michael | 389,900 | 3 | 2 | 1570 | 13 | ||
| 1779 | Venice | 569,000 | 4 | 2.5 | 2230 | 10 | ||
| 2580 | Fountain | 164,500 | 2 | 1 | 832 | 13 | ||
| 1903 | Talbot | 489,600 | 3 | 2.5 | 2464 | 3 | ||
| 1409 | Bonanza | 129,000 | 2 | 1 | 815 | 2 | ||
South Lake Tahoe has maintained a pretty consistent average of Bank Owned homes on the market at approximately 18-22 at any one time. Seems like as soon as one goes pending another gets listed. A steady stream of Trustee Notices are listed in the Tahoe Daily Tribune www.Tahoedailytribune.com this gives you a heads up on what might be coming on the market before it actually gets listed. I evaluate many homes for the banks providing price opinions weekly so I have a good idea of upcoming available homes that are in default.
Contact Chuck Stanley, chuckstanley@sbcglobal.net or 530-318-8830.
Interest Rates to Remain Low for South Lake Tahoe Home Buyers
April 29, 2010
The federal open market committee reiterated that the main US interest rate will remain in the range where it has stood since 12/08. No hint was given that changes in policy tightening is anywhere in the foreseeable future remaining cautiously optimistic about the encouraging economic indicators and noting the the risks of a double dip recession has receded. Some of the indicators on both sides were a recent jump in new construction while employers are still reluctant to hire new workers. Let’s embrace the up-tick in consumer confidence and the good news on interest rates which will strengthen Lake Tahoe Real Estate sales this summer. To read more about the recent Fed promise on interest rates visit financial times online at http://www.ft.com/cms/s/0/3a932b88-5327-11df-813e-00144feab49a.html. Contact Chuck Stanley, chuckstanley@sbcglobal.net or 530-318-8830.
$10,000 Tax Credit Offered to California (South Lake Tahoe) Home Buyers
March 31, 2010
Governor Arnold Schwarzenegger is expected to sign a bill which will allow first time home buyers in California (South Lake Tahoe) and buyers of new unoccupied homes a $10,000 tax credit. The credit will begin May 1 and for escrows that close before December 31. New construction inventory of South Lake Tahoe Properties has been reduced during this recent Real Estate down turn but there are still many good choices available if you act soon. Read more about the tax credit: http://www.mcclatchydc.com/2010/03/24/91023/california-to-offer-10000-tax.html
Contact Chuck Stanley, chuckstanley@sbcglobal.net or 530-318-8830.
Is the Foreclosure Nightmare Near the End?
February 25, 2010
The number of bad loans in the foreclosure process increased to a new high in the last quarter of ’09 and with many many more loans seriously behind the foreclosures will continue. Some good news however, the percentage of delinquent loans eased from the third quarter of ’09 to the fourth which is sign that we may be awakened from the nightmare before we slip into a coma. It was good news and a shock because that is a time the delinquencies would normally run high as borrowers struggle to pay heating bills, Christmas debt etc. Inman news stats that the drop is significant because the “30 day delinquencies have historically been a leading indicator of serious delinquencies and foreclosures”. Let’s hope that maybe there is some good news to look forward to because we obviously have a long way to go with nearly 2.26 million loans delinquent 90 days or more. Read more http://www.inman.com/news/2010/02/19/light-end-foreclosure-tunnel
Contact Chuck Stanley, chuckstanley@sbcglobal.net or 530-318-8830.