mls

Sacramento King's co-owner selling Tahoe home for $35 million

Mark Mastrov, a Sacramento Kings co-owner and founder of 24-Hour Fitness, is selling his waterfront Lake Tahoe home in Glenbrook, Nev., for $35 million.

New broker to join team at Coldwell Banker McKinney & Associates

Long time Los Angeles real estate broker Steve Davis has relocated to Lake Tahoe and joined the team at Coldwell Banker McKinney & Associates, as Broker Associate.

South Lake Tahoe not immune from fake vacation rental scams

Imagine packing up the car and heading up to South Lake Tahoe to enjoy a week at the large vacation home you just rented, only to find out that the house isn't yours to use when you arrive.

That scenario happened over the recent holiday when not one, not two, but four different groups thought they rented a home on Bonita Road near Heavenly Mountain Resort. All of the groups found a home for rent on Craigslist, a popular website used for buying, selling and renting.

Strong South Lake Tahoe Real Estate Market Continues

The real estate market in South Lake Tahoe continues to show strong numbers, no matter which set of figures you look at. What was especially high in October was the median price of homes sold.

Median Sales Price Continues to Rise

Median Sales Price of Homes in South Lake Tahoe Rose Again in September

The median sales price of homes sold in South Lake Tahoe rose for the 14th straight month in September, 2013. Almost all other figures moved in a positive direction as well.

Median Sales Price Continues to Rise

Lake Tahoe Real Estate Market Review for April

Median price of homes sold continues to increase

The median sales prices for homes sold in April of 2013 rose 48% from April of 2012 to $334,500. When analyzing the figures in more detail, you see some interesting things.

Is now the time to invest in Lake Tahoe?

Now is a great time to invest in Lake Tahoe, whether it's a vacation rental, long term rental, multi-units/apartments or retail buildings. With the continued low interest rates and property prices still considered low, now is the time to pull the trigger before it's too late. I advise my clients that waiting will not help their situation. The biggest challenge is the lack of homes for sale. The key to to watch for new listings as they get posted to the MLS system.

What price range of homes for sale in Lake Tahoe has the largest inventory?

When looking at the entire state of California the average price of a home for sale is $307,600. In Nevada you have a huge spectrum of home values due to the diversity of cities, therefore the average sales price is only $145,400.

Six Reasons Housing Inventory is declining

According to a recent article in the Wall Street Journal there are 6 reasons why there is a declining inventory of homes for sale in the United States. These 6 reasons also apply to Lake Tahoe, on both the California side and Nevada sides of the Lake.

Their 6 reasons why housing inventory is declining

1.  Many homeowners are underwater (owe more than their home is worth) so they are unlikely to sell until home values rise more than they have already. More than 10 million home owners are in this position in the US.

The Figures are in: Find out what happened in Lake Tahoe real estate in February

Lake Tahoe real estate had seen a steady down trend in home sales over the last few years, and the last 9 months has seen a steady upward climb. In February of 2013 buyers seemed to be on a buying frenzy and sellers were deciding not to sell and hold on for a higher sales price in the future. The big topic of conversation among Lake Tahoe Realtor's is the lack of homes for sale and how sellers are pulling their homes off of the market.

Closed Sales of South Lake Tahoe Homes

South Lake Tahoe Homes Listed and Sold last week

The South Lake Tahoe real estate market continues to see a lot of action. During the week of October 1-8, 13 homes entered the market while 6 left the market since they closed escrow.

Lake Tahoe Real Estate Figures for September 2012

In Lake Tahoe real estate, each month brings better news than the month before. When comparing September to the month and year before there were more closed sales, fewer homes on the market, fewer new listings, and a new category - increasing median sales price!

South Lake Tahoe Homes Sold Last Week

Twenty homes closed escrow in South Lake Tahoe during the week of September 4-11, 2012. Homes are continuing to sell at a very rapid pace!

Closed sales of South Lake Tahoe homes continue to rise in August

The August real estate figures are in for South Lake Tahoe and there are no surprises. We continue to see increased sales, decreased new listings and decreased number of homes on the market. The only thing that really isn't following the expected pattern is the median home price of homes sold in the area.

Increased Sales of Tahoe Homes

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