December 2009 Newsletter
Let the “Swoosh” Begin
Honestly, there is nothing quite as wonderful as a snowy Christmas season. The decorations are popping up all around South Lake Tahoe, windows are being painted and yes, the Christmas channel can be heard on most radios. Our business partner, Michelle, even commented that our office looked like “Christmas on steroids.” This is quite a change from last year at the same time and why – SNOW! It’s here and more to come. This month’s newsletter features articles on the local and national real estate markets, changes in your Tahoe utility bills, and upcoming events. Enjoy and be sure to click on the little video found at the end of the upcoming events.
South Lake Tahoe Market Update
FINALLY! For the first time in 2009, the median home price for homes reported sold within the South Lake Tahoe multiple listing services remained level for two months. For too long now we have watched the median home prices sink lower and lower. MORE GOOD INDICATORS! The current inventory of active listings is considerably lower. For the first time in 2009, we have less than 400 homes on the active market. As of November 30th, there were 390 active listings with 89 of those in escrow. Compare that with the 561 active listings in July. Even then, there were only 88 homes in escrow. We would call that significant improvement!
Furthermore, the number of sales are also on the rise (just as in the reported national levels.) During the month of November, there were 40 closed escrows with an median of 127 days on the market while the same month in 2008 reported 31 homes sold with 129 days on the market. Even when looking at the year to date (Jan. 1 – Nov. 30,) there have been 386 reported sales as compared to 330 during the same period in 2008.
Pass the word – those that have been waiting for the bottom of the market might want to be paying closer attention these days. Check out the comparison graph below.
So. Tahoe Median Home Price Graph
Local Electric Bills are on the Rise
Yikes – Baby, it’s gonna get cold inside! Sierra Pacific Power customers throughout Northern California, including South Lake Tahoe, will soon see higher bills with new rates starting December 1, 2009. A 7.75% increase was approved by the California Public Utilities Commission which calculates to approximately a $5.5 million growth. A recent press release from the Nevada Energy predicted that “a typical residential customer using 650 kilowatt-hours of electricity could see an increase of about $5.49, a 7.21 percent increase per month, from $76.16 to $81.65. Looks like we will be seeing more of those Christmas sweaters than in years past.
Sluggish Modification Programs Being Threatened
It looks as though steps are being taken to “shame” the mortgage companies “into doing a better job.” According to an article published within the SF Chronicle, the “Treasury will soon be publishing a list of mortgage companies that are dragging their feet when it comes to helping borrowers complete the necessary paperwork required for the current administration’s loan modification program.
The article went on to report that the Treasury Department officials state that they will “step up pressure on the 71 companies participating in the government’s $75 billion effort to stem the foreclosure crisis.” Starting this week, tthe eight largest companies will be visted by three person “SWAT” teams to monitor and request twice-daily reports on their progress thus far.
National Real Estate News & Forecasts
They’re baby steps for now, but slight breezes of change are in the air. The National Association of Realtors is anticipating a 4.8% jump in 2009 sales of previously owned homes which is higher than the 2 % annual rise they had forecast only a month ago. Also, NAR reported that its index gauging pending sales of resale homes gained for the ninth month in a row in October and recorded a 31.8 percent gain compared to the same month last year.
This is the first time such a series was recorded since the 2001 creation of the Pending Home Sales Index. The rise as compared to a year ago, is the biggest annual increase ever recorded for the index, and at the highest level since March 2006. NAR’s chief economist, reported “home sales are experiencing a pendulum swing.” and reminded folks to “keep in mind that housing had been underperforming over most of the past year. Based on the demographics of our growing population, existing-home sales should be in the range of 5.5 million to 6.0 million annually, but we were well below the 5-million mark before the home buyer tax credit stimulus,” he said. “This means the tax credit is helping unleash a pent-up demand from a large pool of financially qualified renters, much more than borrowing sales from the future.
It is also pointed out that it is important for folks to remember that due to the time it takes for buyers to make offers and close escrow and the recent news that the first time home buyer credit had been extended, it is highly likely that we will see a temporary decline in closed existing-home sales between December and early spring. At that point, we should see another surge.
The recovery process will remain slow as long as unemployment continues to run high numbers. Never-the-less, decreasing inventories will eventually bring about a balance between the “Buyer” and “Seller” markets. Again, baby steps – but we’ll take them.
December Events
It’s definitely beginning to look a lot like Christmas, BUT – before you take a look ahead at what’s coming our way in December, be sure to click on the link below to have a peek back at November.
Tahoe Home Lookout Services
This could be the perfect time to get ready for the upcoming stormy months. Check them out! Just click on their logo or the link below and rest a bit more this winter. |
November 2009 Newsletter
The Best Time of the Year
If folks in Lake Tahoe seem to be a bit confused these days (yet smiling) there is a good reason. From day to day, locals are not sure if it is summer or winter or something in between. We experienced all four seasons in one short month and now, here we are in the first week of November and we are back in short sleeves.
We hope you enjoy the articles we are including in this month’s newsletter. As always, we would love to hear your feedback about features you enjoy reading.
South Lake Tahoe Market Update
Good news, bad news – but news all the same. The South Tahoe Association of Realtors MLS reported that as of September 30, 2009, there was nearly a 10% increase in the number of home sales as compared to the same period last year. It was also reported that the median home prices dropped approximately 18.1% to $340,000, equivalent to that reported in June of 2004.
Traditionally, the Lake Tahoe real estate market follows the Bay area by 6 to 12 months. If this pattern continues to hold, this could be one of the best opportunities for investors to jump into the South Lake Tahoe real estate market. According to C.A.R. Vice President and Chief Economist Leslie-Appleton-Young, “A new milestone was reached in September, when five C.A.R. regions reported positive year-to-year increases in the median price, the first such increase since January 2008. September also marked the seventh consecutive month of month- to-month increases in the statewide median price and the first single-digit decline in the year-to-year median price since October 2007, after 22 consecutive months of double-digit decreases.”
The Californa Association of Realtors report that California home sales increased 2.1% in September as compared to the same period one year ago while the median home price of existing homes declined 7.3% (an increase of 1.1% above the August sales.)
So. Tahoe Median Home Price Graph
Website Updates & Videos
We’re still in the process of designing our new website and hopefully will have some exciting news to share in the future. In the meantime, we are having a ball learning a new video system called Animoto. Check it out if you have the time to be obsessed with your photos. This newest video will give you an idea of the seasonal activities in which we have participated during the past month. All four season in one month, to be exact. Enjoy and we would love to hear from you.
“BIG PICTURE” Real Estate Market UPDATES
J immy Buffet said it perfectly, “it makes no sense that common sense don’t make no sense no more.” It has recently come to our attention that potential buyers with great credit and high FICO scores, are being denied mortgages by Fannie Mae’s underwriting system because credit reports are showing notations that an applicant has a disputed an item. What??!!
Here’s the skinny. Under the Fair Credit Reporting Act, we are all guaranteed the right to dispute inaccurate or misinformation in their credit files. Having just gone through a similar process, I can tell you it is a long, drawn out procedure – yet highly worthwhile. HOWEVER, until the notation of the dispute is removed from one’s file, most credit-scoring systems will not take into consideration that an error has been made. Applications that are denied through Fannie Mae’s system (nearly all loans) are suffering delays because the loan packages are being sent back to the lender for manual underwiting. If you or someone you know is considering a home purchase in the near future, it may be wothwhile to take a pre-emptive step to make sure that their credit reports are not showing such notations. Please pass the word.
Attention Tahoe Boaters
Over 12,000 boats were inspected for that dreaded mussel this past summer and in the process, 12 were successfully intercepted and over 2,000 were decontaminated. At the same time, it is anticipated that approximately 25,000 people were educated as to the troubles the mussels could cause to Lake Tahoe.
Inspections will continue this coming winter at Cave Rock and the Lake Forest Boat Launch. The hours of operation will be between 6 in the morning to 4 in the afternoon, 7 days a week (weather permitting.) Other launch ramps with winter hours are the Tahoe Keys, Obexer’s, and Incline-Ski Beach. If you have an interest or concern, please contact these facilities for reservations and specific hours of operation. For further information on launches, inspections, and invasive species please call 1-888-TAHO-ANS (1-888-824-6267).
November Events
You never know what the weather will bring in November however one guarantee – there is plenty to do in South Lake Tahoe. One might even consider golfing with geese as experienced by my goddess friend Lynette Sheppard. (Check out her Digital Diva Photos through the link on the left.) Aside from the year-round outdoor recreation opportunities, check out the following highlighted events.
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The November activities continue with Tower of Power playing at Harrah’s on the 24th & 25th, Dweezil Zappa at Montbleau on the 27th, and a “Live Tribute to Pink Floyd & Full Color Laser Show at Montbleau. It’s going to be a fun-fill month so come on up. Finally, it’s Ms “Sweet Judy Blue Eyes” herself – Judy Collins will be performing at Harrah’s. Tahoe Home Lookout Services
Our neice, Lisa Twomey (offically called “cuz”) is expanding her home cleaning services. Up to now, she has been working small jobs for the Tahoe Home Lookout Services and now, is in the initial steps of setting up her own official business. Call us if you are interested in booking her prior to the holidays. References are available. 1st Time Home Buyer Credit
Under additional provisions in the bill, taxpayers can claim the credit on purchases completed in 2010 on their 2009 income tax returns. The bill maintains the provision that home buyers do not have to repay the credit, provided the home remains their primary residence for 36 months after purchase, and waives this requirement for active duty military personnel who move due to a military order. Nationwide, more than 1.4 million first-time home buyers were given the opportunity to become homeowners as a result of the Federal Tax Credit for First-time Home Buyers. According to C.A.R. research, nearly 40 percent of first-time home buyers surveyed said they would not have purchased a home without the federal tax credit, and approximately 70 percent said the tax credit was “the most important” or a “very important” factor in their decision to buy a home. |
THE FOLLOWING INFORMATION IS PROVIDED BY THE CALIFORNIA ASSOCIATION OF REALTORS. If you haven’t already heard, the U.S. House of Representatives voted 403 to 12 to extend and expand the home buyer tax credit. The tax credit will be extended through April 30, 2010, with a 60-day extension if a binding contract is in place prior to the deadline. First-time home buyers will continue to receive a tax credit of up to $8,000, while existing homeowners will receive a credit of up to $6,500. Existing homeowners will be eligible for the $6,500 if they have lived in their current residences for at least five years. The bill also will increase the qualifying income limits from $75,000 for single tax filers and $150,000 for joint filers to $125,000 and $225,000, respectively. The purchase price of the home is capped at $800,000.October 2009 Newsletter
The Off Season is Far From
Here it is, almost the middle of October, and we are just getting around to sending out newsletter of the month. I, yi, yi!! The truth is, it has just been too wonderful, too beautiful and too fun to sit at the computer any longer than necessary. So much happened during the first week of October in regards to events, weather and business that it feels as though a month has already passed. To give you an example, check out the attached video clip called A Week In Tahoe (link on the left) demonstrating one little week in Paradise. Sun, Snow, Sun!
This issue of our newsletter focuses on the South Lake Tahoe real estate market, upcoming information regarding a new blog site, tips for sprucing up your home, upcoming events and, of course, the continual plug for Tahoe Home Lookout Services.
South Lake Tahoe Market Update
The South Lake Tahoe real estate market continues to see increased numbers of sales while the median home price remains strongly affected by short and bank-owned sales. According to the South Tahoe Association of Realtors’ MLS, when comparing the first three quarters of 2009 to the same period in 2008, we find that the number of sales has increased from 253 to 296 while the average sales price has dropped from $491,000 to $389,000 while the average sale to list price remains around 94%. The median home price has dropped from $405,000 to $315,000 largely due to stress sales.
Unit sales for single-family homes on the Nevada side of Lake Tahoe were up approximately 12% as compared to 2008. Again, these sales were strongly affected by the increase in the lower priced homes where there was actually a 25% increase in the number of sales. The median price for Lake Tahoe, Nevada homes following the third quarter reports was approximately $590,000 which was around 18% less than the same time in 2008.
While we have seen a significant impact as a result of the first time Home Buyer tax credit (see last month’s newsletter for more information,) our strongest pool of buyers have been primarily investors entering the market. If you are interested in a brief overview of the national and statewide real estate updates, check the Quick Links to the left (under National and California) for current information.
Our Tahoe Blogs
Last month, we received numerous compliments and encouragement to do more photo videos following our posting of the Beach Night Dinner Finale. Locals, second home owners and many planning on moving here shared with us their enjoyment of the images capturing the beauty of the Tahoe lifestyle. As a result, we have decided to put together a second blog titled “Living Lake Tahoe.” We should be up and running in the next couple of weeks so be sure to check our website at www.HomeInTahoe.com for updates.
In fact, if you enjoy reading these articles and would like to be notified when they are ready to be viewed, provide us with your email address and we will be happy to notify you when new posts are available. And please remember, the more comments you make, the better for us in regards to our website presence.
Our current blog site focuses on the South Lake Tahoe real estate market. Here we post weekly market updates, neighborhood market updates and new listings. If you are interested in receiving these notifications as well (or instead of,) just let us know.
Quick Fixes to Spruce Up Your Home
I recently stopped by a recent buyer and future prospective seller’s home to give them a current market evaluation. The home had just been purchased within the past six months and they were curious as to whether or not their improvement efforts were going to pay off. I rather felt like one of those Realtors on a home improvement show. Worried that I was going to have to deliver some bad news, I just about fell over backward when I saw the change. And best of all, they spent VERY little in the process. After seeing what they had done and for how little, I thought I would pass along some of their tips for you that might be thinking of resale of simply putting on a fresh look prior to the holidays.
For under $2,000 dollars the new owners focused their attention on the WOW factor of kitchens and baths. Within the kitchen, old lighting fixtures were replaced with a more modern, energy-efficient style, the door handles and faucets were upgraded with clearance sale products, cabinet doors were sanded and painted and new face panels were put on their dated appliances. (Turns out their dishwasher had a reversible front panel with which they matched the rest of the appliances.)
In the two bathrooms, they replaced old toilets and vanities (which they said were easy to install,) had the tubs resurfaced and laid down tile floors themselves. Evidently, they took a class on doing this kind of work at a local Home Depot. My favorites were the large, fun mirrors that they picked up on a clearance sale at Pier 1.
Their small dining area came to life with a fun lighting fixture that they picked up at a flea market to which they some spray paint and white Christmas lights woven throughout the framework. The theme of the white lights was carried through to their dining table center piece and the adjacent window overlooking the yard. Really fun and inviting!
They MORE than recovered their costs. All I can say is poor Don. Now I want to attack my house instead of work. Bring back the 50′s. I want to stay home. (insert smiley face here.)
October Activities
Oktoberfest and the Kokanee Festival are behind us yet there are plenty of schedule events in our immediate future. Take a look.
- Oct. 9-17: The 1st Annual Arts Expo Week sponsored by the Tahoe Art League (TAL), Tahoe Arts Project, Tahoe Tallac Association, the Lake Tahoe Community College and the El Dorado Arts Council.
- Oct. 12-17: Movies, photography, and comedian Gustavo Arrellano will be featured during the Hispanic Heritage celebration at the Lake Tahoe Community College, October 15-17, 2009. Don’t miss the hysterical comedy of Gustavo on October 16th, as he breaks down stereotypes with laughter. Monday, October 12, will kick off with a photographic history of Ameca from 1895-1968.
- Oct. 13: The Tahoe Art League’s Sphere of Influence youth/student art program and the Apres Wine Co. present the “Graffiti Minded Creations” youth art exhibition and sale at the TAL Showcase Gallery & Apres Wine Company, 3668 Lake Tahoe Blvd.,
- Oct. 14-15: Tahoe Art League presents the annual ART EXPO 12-9pm. Free admission. Meet the Artists each evening from 7-9pm. Refreshments and Raffles. Over 35 local fine artists.
- Oct. 14: Living Voices uses a unique combination of theater, video and live interaction to create a high impact experience allowing audiences to discover history’s relevance to their lives. 5:30pm performance at Edgewood Tahoe
- Oct. 16: The Lake Tahoe Educational Foundation is sponsoring a Food Fest on Friday from 6:30-10 P.M. at Harvey’s Convention Center to raise funds for enrichment programs in all schools in Lake Tahoe Unified School District. This fun community activity will feature great food by local restaurants, beer and wine tasting, a silent auction, and music at.
- Oct. 16: Alice Cooper’s Theatre of Death Tour 2009 at Harrah’s. Show starts at 9:00
- Oct. 20: Lets Get Together Tour 2 at MontBleu. Nothing has ever been done quite like this on the in the Action sports world. Combining the creative expressions of top local and national artists, filmers, photographers and musicians.
- Oct. 24: Laurence Juber in Concert at the Lake Tahoe Community College Duke Theater & Frank Sinatra Jr. at Harrahs
- Oct. 31: Montbleu Resort is proud to present the 31th Annual Freakers Ball. Lake Tahoe’s longest running Halloween Party. Doors open up at 8:00pm
Tahoe Home Lookout
Here’s our monthly plug for the “kids”. Second second home owners, you may want to check out the Tahoe Home Lookout services. Among the many services they provide are window cleaning, snow removal, monthly check-ups on vacant homes and so And soon on the scene – house cleaning. much more.
This could be the perfect time to get ready for the upcoming stormy months. Check them out! Just click on their logo or the link below and rest a bit more this winter.
September 2009 Newsletter
September in Tahoe
September is here and we’re all smiles. This is time of year when the weather is spectacular, the beach is a solitary experience, and nature looks like Photoshop gone wild. This newsletter is a bit longer than some. We can’t help it – there is just so much to share. In this issue, topics featured are: the monthly comparison of this past years’ real estate sales with those in 2008, updates to our website and marketing efforts, important information regarding the current $8,000 tax credit, upcoming Lake Tahoe events upcoming Tahoe events and of course, a reminder about Tahoe Home Lookout Services.
South Lake Tahoe Market Update
We were hoping to see some improved numbers when looking at the past 12 months median sales prices (June 30, 2008 through through July 31, 2009) as compared to the previous twelve months, however the ongoing trend toward buyers’ seeking short sales and bank-owned properties continues to keep our prices down for now. Good news for buyers. Check out the link below to have look at the month to month comparison as far back as 2004.
When looking at just the months of June and July, 2009 compared to the same months in 2008 we found the following: June, 2009 saw 40 closed sales, a median home price of $302,500 and a dollar per square foot of $221 as compared to 30 closed sales, a median home price of $365,000 and a dollar per square foot of $232 in 2008. July saw 36 closed sales, a median home price of $360,873 (UP from June) and a consistent dollar per square foot of $221 as compared to 39 sales, a median home price of $395,000 and a dollar per square foot of $274 in 2008.
So. Lake Tahoe Median Home Price Graph
Website Updates
After a great deal of studying surveys, experimenting and planning, our website is in the process of, once again, providing more detailed real estate information for our clients and friends. Among the improvements are the following: updating and expanding the various neighborhood data to include links and median home prices as far back as 2003 and improved weekly market reports which can be found in our Blog section.
Another newly added feature to our marketing efforts is the creation of individual marketing sites for our sellers. These sights are unique to the property and include the ability for viewers to download flyers, mapping, a photo gallery, property description and a YouTube video. Yup – never thought we would actually be YouTube users but even the old dogs can change (albeit stubbornly.) We would love it if you would take a moment to check out the following link and give us your feedback.
One more cool marketing tool is the new banner ad we are running on our local newspapers’ online production. When someone tunes into the front page of the Tahoe Daily Tribune, we have a banner ad that promotes our listings and our Home of the Week. If a viewer clicks onto the home of the week, they are linked to the individual web site we described above. All in all, pretty cool stuff.
By the way – if you have a chance, check out some of our blogs from time to time. In fact, put a reminder in your planner to check it out on a weekly basis for topics such as: weekly real estate updates, notice of updates to neighborhood statistics, local area news, and our favorite, highlights of resort living. Are we asking too much? No – okay then go one step further and make a comment from time to time. We’re told that folks checking into our site will help a great deal with Search Engine stuff. Gratitude is sent out in waves.
Check out of of our Individual Websites
So. Tahoe Back in the News
We LOVED the headlines in USA Today, August 13th, “Second Homes, the New Improved South Lake Tahoe.” “Hooray”, I cheered. “Bring it on.” So, with a smile on my face, I sat back to read the article. Having been misquoted myself a number of times, I was curious as to how this particular article would be presented.
And I must say, it was complimentary throughout with statements such as “no seasonal compromise” and “after extensive improvements, the South offers more than just value.” Never-the-less I knew that if I looked closely, I could find some, shall we say errors? And, I wasn’t disappointed. Statements to which I beg to differ were:
- “tonier” North Tahoe??? – Are they referring to fitness levels?
- small shops were torn down to make room for a 12 acre lake front development. Folks – this is our “hole in the ground” (although we may have an update coming soon.
- In the Tahoe Keys, one can find a lake front home with a private dock for $600,000. Lakefront – WHERE I ASK????
- Glenbrook is the most desirable neighborhood on the South Shore – Hey, it’s great but I have had many clients intentionally choose other neighborhoods over Glenbrook. Perspective folks – perspective
- And most importantly – they referenced realtor not Realtor. Respect folks, respect. Following is a link to the article. Check it out.
Foreclosures & Tax Credits
Tax Credit – Nov. 30th What tax credt and who is eligible, you ask? ANSWER – Up to $8,000 and First-Time homebuyers. Wait – don’t give up. Check out the current definition of a first-time homebuyer. “. . .those who have not owned a home for at least three years.” Basically speaking, the Fed may now credit up to $8,000 toward your downpayment or closing costs without having to wait until next year’s tax return. With all that is going on in regards to health care reform, etc, we recommend you not count on this program being continued in the immediate future.
If you (or someone you know and love) is interested in this program, get started NOW! Remember, Thanksgiving will cut into 4 of the remaining days. Not only do you need to find the right property, it is that you build in extra time to accommodate the lending process, which is taking approximately two weeks longer to process this year compared with last year.
Following are a few key points from the California Association of Realtors to keep in mind:
- The tax credit is equal to 10 percent of the purchase price UP to $8,000.
- Single taxpayers are eligible if their modified adjusted gross income is $75,000 or less, while married taxpayers filing jointly must have a modified adjusted gross income of $150,000 or less.
- Only primary residences are eligible for the federal tax credit, including new or existing single-family homes, townhouses, condominiums, manufactured homes, custom homes, and houseboats. Vacation homes and investment properties do not qualify.
- Purchases must be arm’s-length transactions, meaning the seller cannot be the buyer’s parent, grandparent, child, grandchild or spouse.
- Married people filing as such cannot claim the credit if either spouse has owned a primary residence within the last three years. However, unmarried joint purchasers may allocate the credit in any way they see fit, as long as it does not exceed the $8,000 maximum.
- Don’t try to cheat – they’ll get ya!
One quick plug – if you (or someone you know) is interested in this program and you are not already working with a great Realtor, give us a call or email. Through our connection in the Leading Real Estate Companies of the World, we have a fabulous network of high-ranking professionals and would love to set you up with some of the best in the industry.
Click Here to Learn More about the $8,000 Tax Credit
September Activities
Okay, so in the last two weeks, we have been entertained, “up close and personal” (as Tahoe concerts are) by Bob Dylan, Willy Nelson and Lucinda Williams. Toby Keith was here and slew of others YET – now comes our FAVORITE time of the year! The weather is ideal, the colors sensational and the everything starts moving a bit slower. You simply will not find a better environment in which to say goodbye to summer. And if you can, give us a call. We would love to chat.
- Sept. 1: Wine Tasting at Apres Wine Company on Ski Run Blvd.
- September 2-7,7-14,16-21,23-28,30: Okay, we have to plug this show. If you haven’t yet seen Gypsy at the Horizon Casino – grab your hanky to wipe up the laughter tears and book a date. Nuff said.
- Sep 3 – Sep 5: “The Rabbit Hole” is presented through the Valhalla Arts, Music and Theatre at the Valhalla Boathouse.
- Sept. 5: Chickenfoot will be performing at Harvey’s Outdoor Concert Arena. Chickenfoot is Sammy Hagar’s new band featuring Joe Satriani, Chad Smith and Michael Anthony.
- Sept. 12: Blues Traveler will be playing at Harrah’s South Shore Room.
- Sept. 11-13: 24th Annual Lake Tahoe Autumn Food & Wine Festival at Northstar. 3 days of grape stomps, wine tastings, culinary classes, demonstrations, classes, wine seminars, family activities and more.
- Sep. 13: Tour de Tahoe – 7th Annual Bike Big Blue provides another opportunity to ride around Lake Tahoe’s sensational 72-mile shoreline. Gorgeous scenery, great food and support. What a way to end the summer. Limited to 2000 participants.
- Sept.17 – 20: 24th Annual Cool September Days Car Show at the Horizon
- Sept. 19: Check it out! Robert Cray is playing at Harrah’s
- Sept 26 – Merle Haggard is playing at Harrah’s
If you are planning ahead, be sure to note that October features a wide variety of outdoor activities. Many feel that these top the charts for the year. October 1 finds the South Tahoe Optimist Club hosting the Kids Fun Run.
Wait – there’s more: October 7-8 is Oktoberfest at Camp Richardson. Fun for the entire family, a traditional welcome to the fall, featuring great food, music, a Kid’s Carnival, and the famous Beer and Wine Garden. Free Admission!
Gardeners Alert: The Tahoe Resource Conservation District and the , South Tahoe Public Utility District along with the Lake Tahoe Community College Demonstration Garden Committee are presenting the
Autumn Fest: Fall in the Garden. This event is being held Sunday September 20th, from 11:00am – 3:00pm at the Lake Tahoe Community College Demonstration Garden off of Al Tahoe Blvd. And, its FREE!
During this event, you can earn how to maintain native shrubs and trees, attract birds to your garden, and how to utilize medicinal plants. Take a tour through the garden to learn about native and adapted plants that thrive in Tahoe. Enjoy willow wreath making, horse drawn carriage rides, live bluegrass music, and a variety of kids’ activities including bobbing for apples, face painting and a bouncy house! Pick a pumpkin from the pumpkin patch, satisfy your cravings from the bake sale, and purchase lunch from the Blue Angel Café.
For more information or to volunteer, contact: Nicole Cartwright at 530-543-1501 *111 or ncartwright@tahoercd.org
Tahoe Home Lookout
The snow is just about all gone from the Mt. Tallac “T”. Legend says we are in for a big winter. If you are a second home owner, you may want to check out our kid’s business, Tahoe Home Lookout. They offer a number of services that could be beneficial for absentee owners. Among the many services they provide are window cleaning, snow removal, monthly check-ups on vacant homes and so much more.
This could be the perfect time to get ready for the upcoming stormy months. Check them out!
Beach Night Wrap Up
It’s hard to believe, but the final chapter of 2009′s Summer Beach Night has come to a close. Everyone involved would agree that this season’s weather was the best by far. And last night was no exception. To give honor to such a fabulous year, the group decided to “dress it up” and raise the elegance notch. Foie gras, cheesy potatoes, grilled rack of lamb (no kidding,) chicken, venison, on and on and finally . . . homemade scrumptious cookies and moon pies. Oh me oh my, love those rocking moon pies!
Roy, the “Keeper of the Gate” finally had to send us on our merry ways so that he could close the gate. The following link will show you some of the highlights from beach night, 2009. We hope you enjoy the images and please, if you have a chance, let us know the effectiveness of the link. In the meantime, we highly encourage you to gather friends together to create your own “Beach Night” no matter where you live. It is truly refreshing to the soul to LIVE in your own backyard.
August 2009 Newsletter
Glory Days are Back
For those of you that have not had an opportunity to make it up to Lake Tahoe yet, check your calendars and see if there is a chance to squeeze a visit in. This has been one of the most glorious summers we can recall. The mornings start out cool, and as the day progresses, the temperatures rise along with the accumulation of thunder clouds. Around midafternoon, we have been experiencing the Sierra Showers we remember from 20 years ago. And then the sunsets! Oh my – they will take your breath away.
Throughout this July/Aug edition of the Souers E-Newsletter (okay – we missed July), we are featuring: a comparison of this past June and July sales with those in 2008, updates to our website and marketing efforts, an update on “Beach Night,” the newest Hot Tip in South Lake Tahoe, upcoming Tahoe events and of course, a reminder about Tahoe Home Lookout Services.
South Lake Tahoe Market Update
We were hoping to see some improved numbers when looking at the past 12 months median sales prices (June 30, 2008 through through July 31, 2009) as compared to the previous twelve months, however the ongoing trend toward buyers’ seeking short sales and bank-owned properties continues to keep our prices down for now. Good news for buyers. Check out the link below to have look at the month to month comparison as far back as 2004.
When looking at just the months of June and July, 2009 compared to the same months in 2008 we found the following: June, 2009 saw 40 closed sales, a median home price of $302,500 and a dollar per square foot of $221 as compared to 30 closed sales, a median home price of $365,000 and a dollar per square foot of $232 in 2008. July saw 36 closed sales, a median home price of $360,873 (UP from June) and a consistent dollar per square foot of $221 as compared to 39 sales, a median home price of $395,000 and a dollar per square foot of $274 in 2008.
Updates to Our Website
After a great deal of studying surveys, experimenting and planning, our website is in the process of, once again, providing more detailed real estate information for our clients and friends. Among the improvements are the following: updating and expanding the various neighborhood data to include links and median home prices as far back as 2003 and improved weekly market reports which can be found in our Blog section.
Another newly added feature to our marketing efforts is the creation of individual marketing sites for our sellers. These sights are unique to the property and include the ability for viewers to download flyers, mapping, a photo gallery, property description and a YouTube video. Yup – never thought we would actually be YouTube users but even the old dogs can change (albeit stubbornly.) We would love it if you would take a moment to check out the following link and give us your feedback.
One more cool marketing tool is the new banner ad we are running on our local newspapers’ online production. When someone tunes into the front page of the Tahoe Daily Tribune, we have a banner ad that promotes our listings and our Home of the Week. If a viewer clicks onto the home of the week, they are linked to the individual web site we described above. All in all, pretty cool stuff.
A Quick Update on the Family
Many of you are already aware of our traditional Tuesday Night at the Beach dinner. For those of you that aren’t, here is a quick history lesson. At the end of a past summer, a group of us were talking about what we had been up to and in the process, realized that we had only been to the beach once and some, not at all. NEVER AGAIN. The next summer we created our Tuesday Night At the Beach diinner with the following criteria: assignments for main course, appetizers, etc. were given yet strict instructions for NO STRESS. Leftovers and store- bought were just fine. (Of course, we have a few foodies that always bring incredible contributions.)
Five years later, the tradition continues from Memorial Day to Labor Day. The beauty of the dinner is not the meal itself, not even the gathering of loved ones. As great as the before mentioned can be, what really trumps is the enrichment to our souls. Every week, it can be a bit of a hassle setting aside the time. Yet, we have all come to know that, once there, it was more than worth it. And by the next morning, we all felt as if we had been on a mini vacation. Look around you. We’ll bet you have a similar opportunity awaiting.
The above photo is a lovely (she says sarcastically) photo of our family that joined us (half from the San Diego area) at last night’s dinner. Four generations – don’t you just love it?
A Hot Tip in Tahoe
ATTENTION MUSIC LOVERS! We just discovered one of the best hidden secrets. On Tuesday and Sunday nights, behind the Lakeside Lodge, FREE FABULOUS music is provided on the beach. Tuesday nights feature a Spanish flamingo trio and Sunday nights features a World New Jazz venue.
I was invited for the first time last week and was blown away. Guests can bring food and beverages, a comfy chair or blanket and just take it all in. Incredibly gifted musicians, beachside activities and a sunset are all wrapped up into one tremendous package. If you are coming to South Lake Tahoe, we highly encourage you to book a room at the Lakeshore Lodge and ask for a balcony facing the water. (Be sure to tell the owner, Patrick Ronan we sent you AND be sure to invite us to join you.) The link below will provide more information about the music as well as a sample of what you will hear.
August Events
August must be one of the best months in Lake Tahoe. Jam-packed events are scheduled during this time to wrap up a glorious summer. Check out some of the following activities taking place around the lake.
- Through August 23rd – Shakespeare’s delightfully scandalous “Measure for Measure,” and “Much Ado About Nothing” along with the premiere of the Urban Village Music Series featuring rotating artists each Monday night. The event is held in Sand Harbor.
- Aug. 9 – Northstar-at-Tahoe Downhill Mountain Bike Race. 12pm-5pm Northstar Resort’s downhill terrain offers the perfect venue for this exhilarating challenge. Over 20 divisions for men women and kids.
- Aug. 16 – 8th Annual Brews, Jazz & Funk Fest in the Village at Squaw Valley. 2 to 8pm With a variety of beer for guests to sample and a fabulous array of music.
- Aug. 8/9 – 24th Annual Great Gatsby Festival and Tea. One of our favorite events held at the Tahoe Historical Site off of Emerald Bay Highway. Stroll through visions of “yesteryear.”
- Aug. 16 – Bob Dylan (we’re long-time fans) and his Band & Willie Nelson and Family – Lake Tahoe Outdoor Arena at Harveys
- Aug. 28 – David Allan Coe at MontBleu Resort Casino & Spa. Fiddle music that will blow you away.
- Aug. 29 – 20th Annual Lake Tahoe Air Fest! 8 AM Kiwanis Pancake Breakfast, Opening Ceremonies begin at 10:30 AM, Air Show will take place from 11AM until 3PM. Admission $2 (under 12 free), Parking $10 (includes admission)- free bus transportation is provided. Located in: Lake Tahoe Airport.
Time to Clean Those Windows?
Just another reminder to check out a great service for second home owners. The parents of our infamous granddaughter have a business called Tahoe Home Lookout. Basically, they help oversee second homes and offer too many services to mention here. Among the many services they provide are window cleaning, snow removal, monthly check-ups on vacant homes and so much more.
This could be the perfect time to get ready for the upcoming stormy months. Check them out!