Pinnacle Tahoe Real Estate Blog

During the week of October 23rd through October 29th there were 12 NEW MLS listings, down from last week’s 17.  The lowest priced home is $313,500 for 1769 Saponi, a 3 bedroom 1 bath with 1440 square feet in Tahoe Paradise. The highest priced new listing is $950,000 for 484 Carson Street which has 3 bedrooms, 2.5 baths and 2136 square feet of living space. The median price for the new listings is $419,250.

There were 13 NEW ESCROWS posted this week, up from last week’s 11.  The lowest priced home that went into escrow is a condo for $122,888 located at 1281 Bonanza #14, which has 2 bedrooms, 1 bath and 844 sf. The highest priced pending sale is 769 Colorado, listed at $699,000 with 3 bedrooms, 2.5 baths and 2316 sf. The median pending price is $270,000. The average days on market for these homes is 87.

There were 7 CLOSED sales this week, the same as last week.  The lowest sale price was $149,900 for a condo at 3344 Sandy Way #27 with 2 bedrooms, 1 bath and 1000 sf. The highest sale this week was at $850,000 for a Tahoe Keys home located at 1984 Venice with 2680 sf, 4 bedrooms and 3 baths. The median price among the closed sales is $396,900, very similar to last week’s $399,000 median price.  The average time on the market for these closed sales was 130 days (including the escrow period.)

Be sure to visit our website at www.HomeInTahoe.com to learn more about the Lake Tahoe real estate market, neighborhood stats and more.

During the week of October 16^th through October 22nd there were 17 NEW listings posted on the MLS, just one more than last week.  Listed at $199,000, 3664 Aspen was the lowest priced home with 2 bedrooms, 1 bath and 748 square feet. The highest priced new listing is $1,495,000 for a 4 bedroom, 3 bath home with 2628 square feet located at 1934 Marconi in the Tahoe Keys neighborhood. The median price for this week’s new listings is $341,900.

There were 11 NEW ESCROWS posted this week, up from last week’s 7.  Of these pending escrows the lowest price is $240,000 for 973 Tata, which is a 2 bedroom, 1.5 bath home with 1200 square feet located in the Gardner Mountain area. The highest price for the pending sales is located at 1787 Venice in the Tahoe Keys with 3 bedrooms, 4 baths and 2704 square feet.  The median pending price is $539,000 and the average days on market for these homes is157.

There were 7 CLOSED sales this week, slightly up from last week’s 6.  The lowest sale price is $264,500 for 3705 Montreal, located in the Stateline neighborhood with 4 bedrooms, 2 baths and 2035 square feet.  This week’s highest price sale is $617,500 for 2230 Texas, which is a 3 bedroom, 2.5 bath home in the Tahoe Keys with 1954 square feet. The median price among the closed sales is $399,000, down from last week’s median of $549,000.  The average time on the market for these closed sales was 67 days (including the escrow period.)

Be sure to visit our website at www.HomeInTahoe.com to learn more about the Lake Tahoe real estate market, neighborhood stats and more.

During the past week, there were 16 NEW listings posted, twice as many as last week.  The lowest priced home in this group is listed for $237,500 located at 1200 Stockton with 3 bedrooms, 1 bath and 1160 square feet. The highest priced new listing is $1,595,000 in the Tahoe Keys at 468 Lido with 3 bedrooms 2.5 baths and 2648 sf of living space. The median price for the new listings this week is $425,000.

There were 7 NEW ESCROWS posted, down from last week’s 10.  Of the new pending escrows, the lowest price is a 2 bedroom 1 bath condo at 3344 Sandy Way #27, listed at $169,900. The highest price home that went into escrow is listed at $1,245,000 located at 689 Lily Ave. in the Al Tahoe neighborhood with 4 bedrooms, 5 baths and 2648 square feet (congratulations to Flip Walker of Pinnacle Real Estate!).  The median home price for the pending sales is $349,000. The average time on the market for these homes is 97 days.

There were 6 CLOSED sales this week, down from last week’s 8.  The lowest priced sale was $239,640 located at 2537 Kubel in the Sierra Tract with 2 bedrooms, 1 bath and 864 SF.  The highest sale this week sold for $1,085,000 for a 4 bedroom, 3.5 bath located at 2217 Dundee Circle in the Angora Highlands neighborhood (congratulations to Mark Salmon of Pinnacle Real Estate Group!) The median price among the closed sales is $549,000, up from last week’s median of $439,000.  The average time on the market for these homes was 71 days (including the escrow period.)

Be sure to visit our website at www.HomeInTahoe.com to learn more about the Lake Tahoe real estate market, neighborhood stats and more.

During the past week, there were 8 NEW listings posted, just slightly up from the 7 of last week.  The lowest priced home in this group is listed for $240,000 and is located at 973 Tata in the Y area with 2 bedrooms, 1.5 baths and 1200 square feet. The highest priced new listing is $799,000 at 2121 Texas with 4 bedrooms, 2.5 baths and 2535 square feet of living space.  The median home price for the new listings this week is $427,000.

There were 10 NEW ESCROWS posted, similar to last week’s 9.  The lowest priced home out of the 10 is listed at $139,000 and is a studio condo with 1 bath and 480 square feet located at 516 Emerald Bay Rd. #201.  The highest price is $519,000 located at 1317 Gilmore Lake with 3 bedrooms, 2 baths and 1837 sf of living space.  The median home price for the pending sales is $357,000. The average time on the market for these homes is 112 days.

There were 8 CLOSED sales this week which is the same number as last week.  The lowest priced sale was $358,000 for a 3 bedroom, 2 bath home with 1276 square feet located at 1767 Chibcha in the Tahoe Paradise neighborhood.  The highest sale this week was for 947 Colusa in Christmas Valley at $625,000 for a 4 bedroom, 2.5 bath with 2800 sf.  The median price among the closed sales is $439,000, up from last week’s median of $360,000.  The average time on the market for these homes was 81 days (including the escrow period.)

Be sure to visit our website at www.HomeInTahoe.com to learn more about the Lake Tahoe real estate market, neighborhood stats and more.

I don’t know of anyone lately that isn’t feeling on edge, whiny, frustrated and cynical as a result of the daily onslaught of media negativity.  And today, along with stock market, I hit a wall.  ”Enough all ready!”

At about that time, I looked up from the keyboard and out my office window and realized, “it’s BEAUTIFUL.” That was it.  The computer was shut down, girlfriend called, the hubby grabbed and we were off.  Off to breath in the glory of Lake Tahoe.  Our goal was a brisk walk while checking out the Kokanee Salmon feverishly immersed in their annual spawn.  If you haven’t witnessed this event, run don’t walk to South Lake Tahoe and simply ask, “which way to the fish.”  Every year, the Kokanee perform their ritual along Taylor Creek near the Visitor Center.  

Not planned but joyfully received was more eye-candy than one would have ever expected. The vibrant gold of the turning aspens, a late bloom of lupine along the shore, a “Tigger-like” golden lab retrieving sticks, giggling children and stunning blue skies.

It only took an hour.  One simple hour out of the day to be refreshed, re-energized, filled with spirit and optimistic toward that which lie ahead.  There is a reason we live in Lake Tahoe.

If you, or someone you know, lost a home in the 2007 Angora fire and have not yet begun the process of rebuilding, please know that you are strongly urged to “bank” your existing land coverage and future rights to build by this December.

The Tahoe Regional Planning Agency will provide the application form as well as guidelines to complete the process.  We are told that you may not need to supply all of the information listed within that application, (site plans, verified coverage, etc.) if you are in the burn project.  Perhaps you will only need some information from the tax assessors office. 

If you would like, we will be happy to send you a copy of this application.  Just give us a call at 877.768.3775.  Hang in there, the Angora area is on its way to being an area of beautiful, newer homes.  And if you haven’t been there lately, wait until you see the mountain views.

The following information was taken directly from the South Lake Tahoe Association of Realtors’ Multiple Listing Services on October 2, 2008.

During the past week, there were 7 NEW listings posted down from the 14 of last week.  The lowest priced home in this group is listed for $280,000 1410 Ski Run #18, a 2 bedroom, 1.5 bath condo near Heavenly with 832 square feet. The highest priced new listing is $1,295,000 for a 5 bedroom, 4 bath home with over 3,309 SF of living space, in the Tahoe Keys.  The median home price for the new listings is $625,000.

There were 9 NEW ESCROWS posted, down from last week’s 17.  Among these 9 homes, the lowest price is $239,900 at 3408 Janet with 2 bedroms, 1 bath and 1056 square feet.  The highest price is $997,500 for a 4 bedroom, 2.5 bath home with approximately 3,100 SF of living space.  The median home price is $349,000. The average time on the market for these homes is 105 days.

There were 8 CLOSED sales, up from last week’s 4.  The lowest priced sale was $268,000 for a 4 bedroom, 2 bath home with 1368 SF, located in Sierra Tract.  The highest recorded sale was $630,000 for a 3 bedroom, 2 bath North Upper Truckee home with approximately 2169 SF of living space (another Pinnacle listing sold!).  The median price among the closed sales is $360,000, down from last week’s $444,000.  The average time on the market for these homes is 100 days (including the escrow period.)

Be sure to visit our website at www.HomeInTahoe.com to learn more about the Lake Tahoe real estate market, neighborhood stats and more.