Price Reductions on Some Pretty Great Tahoe Homes – Investment Anyone?
As we enter the mid-summer season (what we in the Tahoe real estate industry call the “shopping phase”) we are noticing that along with Yogi Bear sightings, the number of potential buyers checking out our listings on the internet (and actually making inquiries for further information) are substantially increasing. Over the years, we have noticed a strong trend in buyers using the summer months to explore their options with the thought that “something better might come along.” Eventually, August rolls around and the buyers’ general thought is, “boy, I sure would like to get into a home prior to the snow falling.” Next thing you know, the number of new pending sales go up and everyone is hustling. With just a couple of weeks left in July, some of our sellers have decided to lower their asking prices in order to be at the forefront of the buyers’ top picks in August. These opportunities are so great that we thought we would pass them along to our readers. One never knows where the dominoes might fall so please, feel free to pass the following information along to anyone you feel might be interested. Just in case we lose you, be sure to read this entire piece prior to clicking on any of the links.
Our featured price reduction is 3076 Jacarillo. This home was originally purchased for $687,000. The owners then completed a stunning kitchen remodel, added a workshop out back and fully landscaped the yards. Located in Montgomery Estates and just a few homes down from beautiful forested trails, this beautiful family home is now asking only $519,000 with classy furniture being negotiable. Further information, visual tours, mapping and a photo gallery are all here to be enjoyed. If you are in the neighborhood, stop by our Open House this Saturday, the 24th of July, from 12 – 3.
The next great value to be found is located at 1781 Skyline Drive in Country Club Estates. This property is situated on two combined lots (approximately 30,00 SF of elbow room) with some of the most magnificent views to be found throughout the Tahoe Basin. Street level living features a large living room with vaulted ceilings and skylights, a large dining area and kitchen with hardwood floors and a beautiful stone fireplace. Downstairs are four bedrooms and a bath with a large jetted spa. The owner has decided that now is the time to move on in her life and told us to price it to sell. So we did. All of this now for only $599,900.
Our final pick of the week for great price reductions is 2512 Cattleman’s Trail. Check this out – brand new construction with all the “bells and whistles” is now only $499,000. Where else in Lake Tahoe will you find top of the line construction, three bathrooms all with jetted tubs, hardwood floors, vaulted ceilings, granite counters all in one of the area’s most desirable neighborhoods? Originally built to be the contractor’s own home, no corners were cut when it came to design or quality. Families with small children will especially appreciate the close proximity to the Sierra House School, the fenced yard and steps to the Lake Christopher Meadow with adventures just waiting to be had.
Now, as far as the bear in the above photo – we thought you might get a kick seeing our backyard visitor. Yogi has a preference to wait until Don is done working on the pond prior to jumping in for an afternoon splash. Our biggest chuckle was when he and our cat came face to face the other day. The bear freaked and flew up the closest tree and the cat literally flew across the yard, through the door and up the stairs not to be seen for the next hour. I only wish I had had a video camera handy.
Lake Tahoe Open House This Memorial Weekend
By all weather reports, we should be in for a glorious Memorial Day weekend. In fact, the temperatures are supposed to rise nearly 20 degrees in the next 24 hours. What a switch from the 4 inches of snow we received this morning in South Lake Tahoe. With this good news, we couldn’t resist hosting an OPEN HOUSE on Saturday from noon until three. We hope you will stop by to visit us at 2512 Cattleman’s Trail located within the Montgomery Estates neighborhood of Meadow Lakes (across from the popular Sierra House School.)
Those of you looking for top quality, brand new construction will not want to miss seeing this surprisingly affordable custom home. Imagine hard wood floors, vaulted cedar ceilings, stainless appliances (gotta check out the wok feature on the range,) striking alder cabinets and granite counters. Oh, there is soooo much more. Three full baths, each with jetted tubs.
And if location is important to you, be sure to drive around the neighborhood. Step out the door and walk to the Lake Christopher Meadow where Mother Nature does her dance year round. Heavenly Mountain Skiing and Lake Tahoe beaches are all within four miles as well as shopping, dining, and year round entertainment. This home is ideal as a full time or vacation home. Only $549,000
We look forward to seeing you. If you can’t make it by, be sure to check out the photo gallery and further details.
693 Gardner St.
THIS HOME HAS SOLD! Stylish, contemporary, close to forested trails and affordable. At this price, it is nearly impossible to beat the value. Located in the Gardner Mountain area, this three bedroom home offers a tranquil setting with upgrades throughout. Newer wood laminate flooring, newer appliances, a newer wood burning stove, upgraded bathrooms and a newer roof top off the list. Be sure to check out the gorgeous sun deck and spacious fenced back yard. Gorgeous landscaping and vacant forested lot across.
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South Lake Tahoe Real Estate Market Update, Mar. 18- Mar. 24
There were 17 NEW (or back on the market) listings over the past week according to the South Tahoe Association of Realtors, 1 more than the previous week’s 16. The lowest priced new listing is $189,000 for 1161 Herbert C, a 3 bedroom, 2 bath condo with 1161 square feet. The highest priced new listing is $4,100,000 for 16 Lighthouse Shores in the Tahoe Keys. The median listing price among this group was $548,000.
There were 10 homes that went into ESCROW this past week, down 6 from the previous week’s 16. The lowest priced new escrow is $163,900 for 1133 Glenwood, a 4 bedroom, 2 bath home with 1854 square feet (this home is bank owned with frozen pipe/ flood damage). The highest priced new escrow is $599,000 for 1301 Gilmore, a 4 bedroom, 2 bath with 2881 square feet (congratulations to Don & Theresa Souers with the Pinnacle Group). The median pending asking price is $309,900 with an average time on the market of 97 days.
Last week showed 4 CLOSED sales, down 4 from the previous week’s 8. The lowest sale price was $197,000 for 953 San Francisco, a 3 bedroom, 1.75 bath with 1300 square feet. The highest sale price was $650,000 for 1355 Glenwood, a 4 bedroom, 3.5 bath with 4193 square feet. The median sale price was $266,000 with an average time on the market of 145 days.
South Lake Tahoe Real Estate Market Update, Mar. 11- Mar. 17
What a week within the South Lake Tahoe real estate market. There were 16 NEW (or back on the market) Listings over the past week according to the South Tahoe Association of Realtors, 2 more than the previous week’s 14. The lowest priced new listing is $163,900 for 1133 Glenwood, a 4 bedroom, 2 bath with 1854 square feet. As you can see by the price, it could use a bit of TLC but what an investment opportunity. The highest priced new listing is $749,000 for 1917 Cathedral, a 3 bedroom, 2 bath with 2363 square foot home within the Tahoe Keys. The median listing price among this group was $351,950.
The best news was that there were also 16 homes that went into ESCROW last week, 5 more than the previous week’s 11. The lowest priced new escrow is 159,900 for 1353 Meadow Crest, a bank owned fixer with 5 bedrooms, 2 baths and 1860 square feet. The highest priced new escrow is $939,000 for 344 Uplands, a 4 bedroom, 3 bath with 2940 square feet of living space located within desirable Angora Highlands. The median pending asking price is $407,000 (which is higher than the current median home price sold) with an average time on market of 94 days.
Last week showed 8 CLOSED sales. The lowest sale price was $210,000 for 3600 Paradise, a 2 bedroom, 1 bath with 960 square feet and a bonus lot (congratulations to Jaime Souers with the Pinnacle Real Estate Group). The highest sale price was $912,500 for 366 Ala Wai #271, a lakefront condo within the Tahoe Keys that included 3 bedrooms, 2 baths and 1558 square feet. The median sale price was $517,500 with an average time on the market of 95 days. Again, this median home price was above the overall median for the past four months.