East Shore, NV- South Lake Tahoe Real Estate Market Update, June 4- June 10
According to the Northern Nevada MLS there are 125 single family homes for sale throughout the Lake Tahoe’s Nevada East Shore neighborhoods (as of June 10th, 2013). Among this group of Nevada homes for sale, there are 23 homes currently in escrow. Among these 23 escrows, 5 of them are still pending bank approval for a short sale. Throughout these 125 active listings, the median list price is $1,300,000 while the average list price is at $3,183,196. Among the 23 Nevada homes that are in escrow, the median listing price is $639,000 and the average listing price is $770,774.
There were 5 new listings this past week for Nevada single family homes, down 1 from the previous week. The lowest priced new listing is $495,000 for 748 Lakeview, a 4 bedroom, 2 bath with 1680 square feet of living space in Zephyr Cove. The highest priced new listing was $1,195,000 for 1254 Hidden Woods in Zephyr Cove. This home has 4 bedrooms, 3 baths and 3402 square feet. There was 1 home that went into escrow over the past week in Nevada, the same as the previous week. The home that went into escrow is listed at $1,295,000 for 606 Alma, a 3 bedroom, 3 bath with 2970 square feet in Zephyr Cove. There was 1 home that recorded and closed escrow, down 3 from the week before. The house that sold is 179 Juniper, a 3 bedroom, 2 bath with 1170 square feet and it sold for $335,000.
As of June 10th, 2013, there are 83 condominiums listed for sale on the Nevada side of South Lake Tahoe according to the Northern Nevada MLS. The median listing price for these condos is $349,900 and the average is $482,018. Out of these 83 condos on the market, there are 25 that are currently in escrow. Among the 25 pending sales, 5 of them are still subject to bank approval for a short sale. The median price for Nevada condos in escrow is $309,000 and the average is $312,324.
There were 2 new condo listings over the past week in Nevada, down 4 from the week before. The lowest priced new condo listing is $133,000 for 259 Tramway A, a 2 bedroom, 1 bath with 600 square feet of living space. The highest priced new listing is $989,000 for 224 Glenbrook Inn, a 4 bedroom, 3 bath with 2201 square feet. The MLS reported no pending sales, down 1 from the week before. There were 2 recorded sales this past week, the same as the week before. The lowest sale price was $199,000 for 159 Tramway, a 3 bedroom, 2 bath with 1280 square feet. The highest sale price was $740,000 for 125 Pinewild, a 3 bedroom, 3 bath with 1748 square feet.
South Lake Tahoe Real Estate Market Update, June 6- June 12
South Lake Tahoe’s real estate market is hopping. It was a busy week of new escrows and closed sales and at the same time, fewer new listings. According to the South Tahoe Association of REALTORS’ Multiple Listing Services, there were 22 new listings posted over the past week, down 5 from the week prior. The lowest priced new listing was $179,000 for 1200 Wildwood #42, a 2 bedroom, 1.5 bath condo with 1044 square feet of living space. The highest priced new listing is $1,899,000 for 2331 Cold Creek, a 5 bedroom, 4.5 baths with 6131 square feet. This home is located in the Montgomery Estates neighborhood. The median new asking price was $367,000 and the average new asking price was $572,291.
The number of NEW PENDING escrows over the past week was 17, up 2 from the previous week’s 15. The lowest pending list price from this group was $174,900 for 2698 Armstrong, a 2 bedroom, 1 bath with 840 square feet of living space. The highest priced home that went into escrow over the past week is listed at $688,000 for 1433 Glen Eagles in the Pioneer Trail neighborhood. This home has 4 bedrooms, 2.5 baths and 2675 square feet. The overall median asking price for homes that went into escrow last week was $318,800 while the average overall was $363,676. The average time on the market was 82 days.
As for the CLOSED escrows, there were 15 during the past week, up 5 from the previous week’s recorded sales. The lowest recorded sale price within this group was $243,000 for 794 Stanford (sold by the Souers team). This home is in the Al Tahoe neighborhood and it has 2 bedrooms, 1 bath and 912 square feet. The highest recorded sale last week sold for $1,110,000 for 2217 Balboa in the Tahoe Keys. This home has 3 bedrooms, 3.5 baths and 3448 square feet. The median sale price was $375,000 and the average was $461,267. The average time on the market (including the escrow period) was 79 days.
As of June 12th, 2013 there are currently 331 homes and condos on the market. Out of these 331 properties for sale, 109 of them are in escrow. Within the 109 properties in escrow, 19 of them are still pending bank approval for a short sale.
Hiking Along Zephyr Cove in Lake Tahoe
Time was very limited this past week, so the only logical decision to stay true to my weekly hike vow was to search out a destination that wasn’t time consuming yet provided a refreshing break from a busy work schedule. Being overdue for a “girls’ play-day,” I called upon “soul-sis” Lynette for company. Feeling rebellious concerning the daily need to look “presentable,” I donned the one pair of shorts that my “what not to wear” fashion adviser, Karen Leland overlooked when she threw out the majority of my clothes a month ago. To top off my “I am not into fashion” look, I completed my ensemble with an old over-sized shirt, a base ball cap and a pair of very unattractive hiking shoes. Much to my delight, Lynette greeted me at the front door with a greeting of, “I look like a real dork” and pointed to her calf high socks, equally unattractive shoes and a walking skirt. You got the picture, right? But then again, we decided it was pretty fun being at a point in life where one simply does not care if others notice or not.
We started our hike at the trail entrance at the west end of Skyland Drive within the Skyland neighborhood of Zephyr Cove on Nevada’s East Shore. As parking can be limited, I strongly suggest reversing the direction of the hike and instead start at the Zephyr Cove Resort area. Either way, this is a win-win outing. Within an approximately 2.5 round trip excursion, one will experience a tranquil forested environment, endless lake views and a colorful resort atmosphere (during tourist season.) Trail arteries meander in a variety of directions yet seem to always work their way back to the main path. I highly recommend you take your time and explore. Two years ago, the forest service thinned the forest and burned some of the lower growth. Remnants of their efforts are still visible yet this hike is enveloped by beauty. Soaring pines, chirping birds, lapping water along the shoreline, sandy beaches and impressive granite boulder formations call to you in nearly every direction.
At one point I wanted to head toward the shoreline only to be surprised to find that our 
path ended abruptly by a new fence line restricting admittance. Turns out, there is a plant from the mustard family that is an endangered species and Lake Tahoe is the only place in the world in which it grows. Those that know me well are aware of my mustard obsession. I was in awe. This was like discovering a powerful new vortex right here in Lake Tahoe. A rare mustard plant. Who knew? One more reason to rank Lake Tahoe at the list of the world’s most popular destinations. Recovering my composure, we ventured westward until we found a new trail that did indeed take us to the shoreline. Continuing along our hike, we found a large estate that is now owned by the US Forest Service (but apparently not used for any known functions,) ideally located park benches and Lynette’s “picnic rock,” the perfect place to sit and soak up the sun.
As we neared the Zephyr Cove Resort, the sounds of sun-worshipers overtook the songbirds. An explosion of color met our eyes and the buzz of families having fun was in the air. That’s fun with a capital F-U-N! Dogs were chasing balls, kids were creating masterpieces in the sand, kayaks were gliding by, volleyball games were underway and folks 
were lining up for a “3 hour cruise” on the Dixie. (The round-trip cruise to Emerald Bay truly takes about 2 hours but I like the nostalgic ring of “3 hour cruise.”) Grinning from ear to ear, Lynette and I both remarked how important it was for us to take time to play like a tourist in our backyard. After all, folks come from around the world to do just this.
What I enjoyed most about this hike is that, aside from the beauty and fresh air, the ease of the outing allowed us an opportunity to chat freely and therefore solve the problems of the world. Meanwhile the transition from serenity to tourist buzz and back left me with the feeling of having truly escaped from the daily routine of work and chores. All of this under an hour. Trust me – this hike is a joy. Try it yourself and let me know what you think. Better yet, give me a call with an invitation to join you. I promise, I will make an effort to not embarrass you with my choice of wardrobe. But then again . . .
East Shore, NV- South Lake Tahoe Real Estate Market Update, May 28-
According to the Northern Nevada MLS there are 116 single family homes for sale throughout the Lake Tahoe’s Nevada East Shore neighborhoods (as of June 3rd, 2013). Among this group of Nevada homes for sale, there are 22 homes currently in escrow. Among these 22 escrows, 4 of them are still pending bank approval for a short sale. Throughout these 116 active listings, the median list price is $1,376,000 while the average list price is at $3,343,888. Among the 22 Nevada homes that are in escrow, the median listing price is $639,500 and the average listing price is $754,991.
There were 6 new listings this past week for Nevada single family homes, up 2 from the previous week. The lowest priced new listing is $629,000 for 1055 Deer Cliff, a 3 bedroom, 2 bath with 2557 square feet of living space. The highest priced new listing was $4,950,000 for 1080 Skyland Drive, a 5 bedroom, 4 bath with 4113 square feet. There was 1 home that went into escrow over the past week in Nevada, up 1 from the previous week. The home that went into escrow is listed at $899,000 for 828 Park Ave., a 5 bedroom, 4 bath with 2077 square feet of living space. There were 4 homes that recorded and closed escrow, up 3 from the week before. The lowest sale price was $350,000 for 173 Cottonwood in lower Kingsbury. This home has 3 bedrooms, 2 baths and 1328 square feet. The highest sale price was $2,730,000 for 1456 Pittman Terrace in Zephyr Cove, a 4 bedroom, 4 bath with 5818 square feet.
As of June 3rd, 2013, there are 85 condominiums listed for sale on the Nevada side of South Lake Tahoe according to the Northern Nevada MLS. The median listing price for these condos is $349,900 and the average is $479,311. Out of these 85 condos on the market, there are 25 that are currently in escrow. Among the 25 pending sales, 6 of them are still subject to bank approval for a short sale. The median price for Nevada condos in escrow is $309,000 and the average is $329,884.
There were 6 new condo listings over the past week in Nevada, up 3 from the week before. The lowest priced new condo listing is $154,000 for 115 Tramway #12, a 1 bedroom, 2 bath with 600 square feet. The highest priced new listing is $715,000 for 460 quaking Aspen, an 8 bedroom, 6 bath with 3000 square feet. The MLS reported one pending sale, up 1 from the week before. THe condo that went into escrow is listed at $185,000 for 313 Tramway, a 2 bedroom, 2 bath with 880 square feet. There were 2 recorded sales this past week, the same as the week before. The lowest sale price was $260,000 for 183 Clubhouse in Lake Village. This condo has 3 bedrooms, 2 baths and 1294 square feet. The highest sale price was $278,000 for 271 Orion, a 2 bedroom, 2 bath with 1216 square feet located at the top of Kingsbury.
South Lake Tahoe Real Estate Market Update, May 30- June 6
According to the South Tahoe Association of REALTORS’ Multiple Listing Services, there were 27 new listings posted over the past week, up 8 from the week prior. The lowest priced new listing was $175,000 for 3598 Terry Lane #39, a 2 bedroom, 1 bath with 896 square feet of living space. The highest priced new listing is $2,500,000 for 336 Ala Wai #27 in the Tahoe Keys. This lakefront condo has 3 bedrooms and 1558 square feet of living space. The median new asking price was $435,000 and the average new asking price was $506,915.
The number of NEW PENDING escrows over the past week was 25, up 5 from the previous week’s 20. The lowest pending list price from this group was $147,000 for 3535 Lake Tahoe Blvd. #110, a studio condo with 1 bath and 448 square feet. The highest priced home that went into escrow over the past week is listed $$899,000 for 828 Park Ave., a 5 bedroom, 4 bath with 2077 square feet of living space. The overall median asking price for homes that went into escrow last week was $319,000 while the average overall was $370,416. The average time on the market was 90 days.
As for the CLOSED escrows, there were 10 during the past week, down 2 from the previous week’s recorded sales. The lowest recorded sale price within this group was $150,000 for 2568 Osborne in the Sierra Tract. This home has 3 bedrooms, 1 bath and 832 square feet. The highest recorded sale last week sold for $695,237 for 3354 Red Lake, a 4 bedroom, 2.5 bath with 2872 square feet. The median sale price was $267,500 and the average was $348,624. The average time on the market (including the escrow period) was 79 days.
As of June 5th, 2013 there are currently 322 homes and condos on the market. Out of these 322 properties for sale, 113 of them are in escrow. Within the 113 properties in escrow, 19 of them are still pending bank approval for a short sale.