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Where to Start With a New Home

by Lakeshore Realty

Just bought a new home and don't know where to begin? Here's a helpful way to make those beginning steps:

Inline image 1

For the full article click here

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Blinds v. Curtains

by Lakeshore Realty

It's the small things that make the biggest difference. Whether you are beginning to personalize a new home or just need some change to your current home, how are you decorating your windows? Blinds versus curtains can make all the difference to your room. Here is a video to help guide you in the direction you want:

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Fung Shui Your Home Today!

by Lakeshore Realty

Feel the need for a change? Rearranging your furniture can be your first step! It's easy and can be very cost effective. Simply moving a couch or rug can drastically change the look of a room. Check out this video for some great ideas to make this move successful:

 

#RealEstate #Realtor #ForSale #NewHome #HouseHunting#MillionDollarListing #HomeSale #HomesForSale #Property #Properties#Investment #wanttomove #buymyhouse #luxuryhomes #luxuryliving#luxuryrealestate #nevadarealestate#LakeshoreRealty #Lakeshore#LakeTahoe #NorthShore #Inclinevillage #crystalbay #tahoe#tahoeliving #tahoebound #tahome #skiing #snowboarding #resorttown#snowplay #lakelife #lakefront #boating #livewhereyouvacation #vacation #vacationhome #mountainhome #lakehouse #dreamhouse

 

Stay Informed With Your Community

by Lakeshore Realty
 

Jon Reshatoff finally decided he had had enough.

Currently a renter, the father of three was hoping to find a house with at least two bathrooms, that didn’t need any major renovations, in his price range.

Reshatoff, the operations manager at Ernie’s Van & Storage in Grass Valley, was working with real estate agent Greg Sharp at Coldwell Banker but just couldn’t find a house to fit a mortgage he could afford.

“I had been looking,” he said. “In the $200s to mid-$300s, there on some on the market, but they need work, It’s way out of my range if it is in good condition.”

 

"This county is driving out the middle class. They can't afford to live here."

— Jon Reshatoff, prospective home buyer

Reshatoff is one of many who have learned how a low inventory of real estate options on the western Nevada County market has impacted prices in recent years.

Reshatoff looked at Lake Wildwood, but concluded he couldn’t afford a home there priced in the mid-$200,000 range with homeowner association fees on top of that. And rural areas are overpriced, he said, because cash buyers are coming in looking for property on which to grow marijuana.

Even fixer-uppers are unavailable, or should be more accurately described as teardowns, he said.

Anything in the $200,000 to $300,000 range “is a shack,” Reshatoff said. “One house had no front door, people grew pot in it, it’s all boarded up and they want $300,000 for it. The roof is falling in … You stare at that house and automatically know it needs $100,000 in just repairs, just getting it liveable.”

Like other local buyers in a nearly nonexistent price range under $300,000, Reshatoff found himself competing with multiple offers and houses that sold in hours.

“I would see something I liked and by the time I called to make an appointment, it would be under contract,” he said.

To be a competitive buyer, Reshatoff said, he would have to take time off work to chase down every lead — and have cash rather than a loan.

“This county is driving out the middle class,” he said. “They can’t afford to live here.”

Like other frustrated buyers in this extreme seller’s market, Reshatoff said he ultimately decided to “ride it out” and wait for prices to drop.

PRICES HIGH, BUT NOT YET NEAR PEAK

The median sales price for a home in Nevada County was $385,000 at the end of August, uncomfortably reminiscent for would-be buyers of the real estate boom of the mid-2000s, when prices peaked at a median of $434,000 in 2005.

“We started seeing a recovery in about 2012,” said Coldwell Banker Grass Roots Realty Broker Diann Patton. “It’s not that people regained all their equity. We’re still about 20 percent below the peak of the market in 2005-06, but we’re finally getting close to that height.”

The boom of more than a decade ago falsely elevated the market, Patton said. And that unsustainable growth affected Nevada County’s economy negatively.

“The number of sales and the values could not be sustained compared to buyers’ income levels,” said Patton’s sales manager, Cary Sanders.

Patton said her personal “a-ha” moment came with a couple who wanted to buy a house that was $100,000 more than they could afford, using an adjustable rate mortgage. She was unable to persuade them that gambling on having a higher income by the time their mortgage adjusted upwards was a bad idea, she said.

But, local realtors say, unlike that artificially inflated market, there likely will be no corresponding freefall this time around, as when the median sales price dropped to $210,000 in 2011.

There are no more unwise lending practices driving a boom, Sanders said, adding, “The demand is legitimate — the buyers are credit-worthy.”

WHAT’S BEHIND THE INVENTORY SHORTAGE

The last two years have been a seller’s market, partially driven by low inventory. Sanders believes that if the supply can be increased, appreciation will level off.

The demand for listings is the highest many real estate agents have seen in 15 years, Patton said.

“We used to have 1,000 houses on the market,” she said. “We are at one-third of the supply we would have in a normal market.”

There are several reasons for the extremely low inventory.

For one, baby boomers are not downsizing, unlike earlier generations. Where most homeowners used to stay in their house five to seven years, that number now is 10 to 12 years, Sanders said.

“They are staying in their homes longer,” Patton said. “They’re doing well and see no reason to downsize, so they’re tying up that market.”

Instead of selling and downsizing, many homeowners are opting to give up space in their houses, either to rent or to move in aging parents or “boomerang” adult children.

“It does stall the move-up market,” Patton said.

Another factor that continues to drive appreciation is Nevada County remains a destination, with Bay Area buyers are willing to pay more.

“We are seeing more people buying to retire into eventually,” Patton said, adding that some opt to hold onto it as a weekend getaway or turn the vacant home into a vacation rental.

“Bay Area buyers come here and see they can buy a 3,000-square-foot home for $600,000, where that same house in Danville would be upwards of a million,” she said. “That does affect our values.”

FEW OPTIONS FOR NEW HOME CONSTRUCTION

The lack of new-home construction is a huge issue, area realtors say.

“It’s one of our biggest problems — we don’t have new homes to show buyers,” Patton said. “They’re telling us they want a new home but we just don’t have that here. … If we build it, they will buy.”

Of course, those real estate agents acknowledge, new homes are not affordable for entry-level buyers, with those coming online this year and next priced above $400,000.

At Ridge Meadows in Grass Valley, for example, new homes are priced starting at $405,500 for a 1,730-square-foot house with no choice in fixture upgrades, Homes by Towne representative Christine Fore said.

“We’re not marketing to entry-level buyers,” she said, noting that at Cascade Crossing in South County, which just had its final escrow close this year, the buyers were primarily families relocating to the area or retirees.

New construction is not affordable for entry-level buyers, agreed Gold Country Ranches’ Teresa Dietrich, currently the president-elect of the Nevada County Board of Realtors.

When she built her own home, she said, she was charged $15,000 by the county in permit fees for a 1,650-square-foot home with a three-car garage. Apply that math to a development and you can see why pricing is so high, she said.

“If you’re a big builder and you have to factor in staff and other overhead, it really does price (them) out of entry-level housing,” Dietrich said.

In Dietrich’s view, the county’s building department could do a lot more to streamline the process and make it more affordable to build, so that more people could access entry-level housing.

WITH INVENTORY SO LIMITED AND STARTER HOMES PRICED AT $350,000 — WHAT OPTIONS ARE THERE FOR BUYERS LIKE RESHATOFF?

According to Dietrich, there are multiple employees at Sierra Nevada Memorial Hospital who can’t find or afford housing in Nevada County and commute every day.

“It’s a big problem,” she said. “Where do people live? … Workforce housing has to be the focus. The houses being built are not really affordable.”

Along with simplifying and accelerating the process for building new homes, Dietrich said, the county and cities should be looking to develop assistance programs for entry-level buyers.

“It’s the great American dream,” she said. “We have to get that process rolling.”

Sanders doesn’t see much relief in the near future, saying, “I don’t see anything changing drastically in the next year.”

Sharp, who assisted Reshatoff in his home search, sees some “leveling off” of the market with daily price reductions, but no decline.

“Sellers were pushing too hard,” he said. “Prices are getting more reasonable.”

And that is pushing some increased sales, with 399 active listings Thursday morning, down from 424 a few weeks ago.

The bad news is, even if the market is softening, prices aren’t going down substantially, he said.

“The bottom line is, I don’t see prices declining, although areas like Lake Wildwood and Alta Sierra are leveling off,” Sharp said. “Anything under $300,000, we’re still seeing multiple offers.”

 

The original article here.

Change of Season

by Lakeshore Realty

Summer is over! Bringing in the new fall and winter season with some new homes for sale. This season change also means a change in the market. We will start seeing a slow in the market with another increase in our high winter season. Keep your eyes out and reach out to one of our agents for guidance and advice. Here are all of our current listings!

 

 

First Snow of the Season

by Lakeshore Realty

Could the snowfall on Friday, Sept. 8, on mountain passes off Highway 88 be a sign that we’re in store for another heavy winter?

Skiers, snowboarders, and other winter sports enthusiasts surely hope so. On the other hand, those still traumatized from the constant shoveling brought on by the drought-busting winter of 2016-17 might feel weary at the thought of winter.

Regardless of opinions, experts are in their annual mode of collecting information, trying to gauge what the upcoming season will bring.

And most forecasters say that a repeat of last year, when the Tahoe Basin and much of the Sierra Nevada saw some of the largest snow totals on record, is unlikely and that a more normal winter might be in store.

 

There is still a small chance of a La Nina and a smaller chance of an El Nino, but all forecasters agree snowfall totals remain unpredictable, especially in the Sierra Nevada.

“The big challenge in the Sierra is that we don’t have a great indicator of if it will be a big winter or dry season,” Nina Oakley, regional climatologist for the National Weather Service based out of the Desert Research Institute in Reno said Wednesday, Sept. 13. “We live in a land of extremes. It’s wait and see and be prepared for everything.”

Oakley said the conditions show the weather pattern in an ENSO (El Nino-Southern Oscillation) Neutral state, which means trade winds blowing across the equatorial Pacific are not strengthening or weakening. Oakley said last year there were slightly enhanced winds over the western equator that produced a weak La Nina, “which led to a bomber winter with lots of snow at higher elevations.”

According to the National Weather Service, El Nino happens when temperatures in the Southern Pacific Ocean are above normal and La Nina happens when temperatures are below normal.Oakley said the conditions show the weather pattern in an ENSO (El Nino-Southern Oscillation) Neutral state, which means trade winds blowing across the equatorial Pacific are not strengthening or weakening. Oakley said last year there were slightly enhanced winds over the western equator that produced a weak La Nina, “which led to a bomber winter with lots of snow at higher elevations.”

Bryan Allegretto, the Tahoe forecaster for Opensnow.com, said the forecast models were opposing all summer with some showing El Nino and others La Nina.

“There has been a lot of cooling of the sea surface temps the last few weeks in that area along the equator and it is starting to look more likely that we could see at least a weak La Nina,” Allegretto wrote Sept. 10 in his Opensnow.com weather blog.

He also said there may be a pattern developing that could bring a colder winter with colder and drier storms than last year, but more information will be available in October as we get closer.

Heavenly Mountain and Kirkwood Mountain resorts each received more than 600 inches of snow last year, something that likely won’t happen again this year.

“Based on historical data, I’d be very surprised if we had a big year again,” Oakley said. “It’s very rare when big years happen back-to-back.”

The 2018 edition of the venerable Old Farmer’s Almanac, which was founded in 1792, says the overall winter in the West will be much colder, not colder than normal, and also not as wet as last year. And they’re looking for a return to more normal winter conditions in regards to temperature and precipitation.

It’s still too early for meteorologists to pinpoint what exactly will happen this winter, but it’s never too early to prepare for the season, meaning have your snow boots, shovels, and blowers at the ready.

“The weather forecasts, they’re all over the board right now for our area,” Oakley said.

 

For the original article please click here

 

 

Need Home Improvement Ideas?

by Lakeshore Realty

Looking for some simple home improvement ideas? Whether you're looking to make some simple or major improvements to your home, we've got the best tips and tricks on our Pinterest Page. Check it out for DIY ideas or big changes to your home.

 

#RealEstate #Realtor #ForSale #NewHome #HouseHunting #MillionDollarListing #HomeSale #HomesForSale #Property #Properties#Investment #wanttomove #buymyhouse #luxuryhomes #luxuryliving #luxuryrealestate #nevadarealestate #LakeshoreRealty #Lakeshore #LakeTahoe #NorthShore #Inclinevillage #crystalbay #tahoe #tahoeliving #tahoebound #tahome #skiing #snowboarding #resorttown #snowplay #lakelife #lakefront #boating #livewhereyouvacation #vacation #vacationhome #mountainhome #lakehouse #dreamhouse

Your New Labor Day Weekend Plans

by Lakeshore Realty

Haven't made any plans for the upcoming Labor Day Weekend? Come enjoy Incline Village North Lake Tahoe! We've got it all! Beach BBQs, boating, kayaking, paddle boarding, jet skiing, swimming, river floating, hiking, mountain biking, perfect weather, and many events. Click here for all the local events happening that weekend all around North Lake Tahoe.

 

 

Love Hiking? Tahoe Trails Being Expanded and Rebuilt

by Lakeshore Realty
 
 

Fish said that Angora has been an area of concentration for TAMBA recently and that in addition to getting the main project mostly done, TAMBA was able to complete the 2 miles of trail that connects Tahoe Mountain Road to Angora Lookout.

“The Angora project has been one of our biggest pushes,” said Fish. “We’ve had a lot of volunteers and help with that so we’ve got a lot of work done.”

Joell said that thanks to all of the organizations and volunteers who make trail maintenance and building a priority, a lot of the winter damage to the terrain has been largely mitigated.

“Together, we were able to manage a lot the trail damage from last winter,” he said. “There are still things that need to be done, but the most serious things have been taken care of.”

There are still issues with erosion and other weather-related factors that will likely take a couple more years to fully address, however.

The North Shore has several projects going on as well, according to Joell. The Incline Flume and Elevator Shaft trails have been getting some attention this summer.

“There was a grant made available for us to work on shoring up what is known as the ‘slide section’ of the [Incline Flume] trail,” said Joell. “There’s a lot of decomposed granite so you usually end up sliding back a few steps for everyone one you take forward. There will be some type of retaining wall or gabion baskets, something like that, put in place. That work won’t begin until next year.”

Joell said that the Elevator Shaft Trail’s route was close to a creek drainage area, which led to erosion that caused unsustainable conditions.

“One of our crew leaders, John Clausen, is managing that project. He identified a route that is much more sustainable and even has better views. We got the project approved by the Forest Service this spring and we’ve had workdays going on every Wednesday and Saturday,” said Joell. “They’re going to be getting into some rocky areas that will slow down construction, but I think we’re still on schedule to get that one done this year with the turnout we’ve been getting.”

According to Joell, TAMBA has gained forward momentum with the Ocelot Trail that is near the same area as Elevator Shaft. The Ocelot had some serious erosion and, like elevator shaft, had a route that wasn’t sustainable.

“It took us several years to get into that area since it had been adopted by California State Parks into their trail system,” he said. “They’re not as used to having people doing volunteer trail work out there as the Forest Service is, but we’re scheduled to start on that next Tuesday, the 22nd.”

TAMBA was able to use funds from a grant provided by the recreational gear company REI to assist with that build.

According to TAMBA, there will be several volunteer opportunities coming up and some fundraising festivities as well. TAMBA will be present at the Tahoe Mountain Bike and Brew Festival, Aug. 26 and 27. The event will be hosted at Divided Sky bar and restaurant in Meyers. It will feature food, music, mountain bike riding, demonstrations and more.

One of the final events for TAMBA is the Sept. 2 “Rose to Toads” ride. The ride is a 62-mile trek up the east side of Lake Tahoe.

TAMBA said it has been able to raise significant funds for trail projects through this ride and expects to have hundreds in attendance. TAMBA usually wraps up work projects around mid-October, so the next couple months will be ideal for volunteering and getting involved.

For the full story:

http://www.sierrasun.com/news/tahoe-area-mountain-bike-association-making-progress-with-summer-trail-projects-around-lake-tahoe/

 

 

TAMBA recently completed most of its scheduled trail building at the Angora Ridge project site. The organization will be moving forward with projects until suspending seasonal work around mid-October.

When it comes to the hundreds of miles of trails contained in the Tahoe Basin, the summer is the busiest time of year for maintenance, building and activity.

Whether you’re a hiker, biker or horse rider, having a safe and fun trip that is easy to access is all part of the Tahoe experience.

Tahoe Area Mountain Bike Association (TAMBA) has been spending the summer rolling up its sleeves for dozens of hours of trail work and also securing funds for projects.

Some of the most recent notable progress involves the Angora Ridge and the Tahoe Mountain Road projects.

“We have multiple projects going on all around the lake,” said Kevin Joell, trails director at TAMBA. “The Angora Ridge trail is one we just did a lot of work on — that was a TAMBA funded project. We had some assistance from the Forest Service that was augmented with our volunteers on workdays. We funded some hand-crews from the American Conservation Experience to come out so we could get all the labor done.”

According to TAMBA, the Angora Ridge project is almost completely done, save for a few minor adjustments that will need to be made over the next several weeks. The Mule Deer trail is a crucial element to this project, TAMBA representatives said.

“We have the Mule Deer Trail connector under construction,” said Ben Fish, TAMBA president. “That will connect the neighborhoods to the Angora Lookout.”

Fish said that Angora has been an area of concentration for TAMBA recently and that in addition to getting the main project mostly done, TAMBA was able to complete the 2 miles of trail that connects Tahoe Mountain Road to Angora Lookout.

“The Angora project has been one of our biggest pushes,” said Fish. “We’ve had a lot of volunteers and help with that so we’ve got a lot of work done.”

Joell said that thanks to all of the organizations and volunteers who make trail maintenance and building a priority, a lot of the winter damage to the terrain has been largely mitigated.

“Together, we were able to manage a lot the trail damage from last winter,” he said. “There are still things that need to be done, but the most serious things have been taken care of.”

There are still issues with erosion and other weather-related factors that will likely take a couple more years to fully address, however.

The North Shore has several projects going on as well, according to Joell. The Incline Flume and Elevator Shaft trails have been getting some attention this summer.

“There was a grant made available for us to work on shoring up what is known as the ‘slide section’ of the [Incline Flume] trail,” said Joell. “There’s a lot of decomposed granite so you usually end up sliding back a few steps for everyone one you take forward. There will be some type of retaining wall or gabion baskets, something like that, put in place. That work won’t begin until next year.”

Joell said that the Elevator Shaft Trail’s route was close to a creek drainage area, which led to erosion that caused unsustainable conditions.

“One of our crew leaders, John Clausen, is managing that project. He identified a route that is much more sustainable and even has better views. We got the project approved by the Forest Service this spring and we’ve had workdays going on every Wednesday and Saturday,” said Joell. “They’re going to be getting into some rocky areas that will slow down construction, but I think we’re still on schedule to get that one done this year with the turnout we’ve been getting.”

According to Joell, TAMBA has gained forward momentum with the Ocelot Trail that is near the same area as Elevator Shaft. The Ocelot had some serious erosion and, like elevator shaft, had a route that wasn’t sustainable.

“It took us several years to get into that area since it had been adopted by California State Parks into their trail system,” he said. “They’re not as used to having people doing volunteer trail work out there as the Forest Service is, but we’re scheduled to start on that next Tuesday, the 22nd.”

TAMBA was able to use funds from a grant provided by the recreational gear company REI to assist with that build.

According to TAMBA, there will be several volunteer opportunities coming up and some fundraising festivities as well. TAMBA will be present at the Tahoe Mountain Bike and Brew Festival, Aug. 26 and 27. The event will be hosted at Divided Sky bar and restaurant in Meyers. It will feature food, music, mountain bike riding, demonstrations and more.

One of the final events for TAMBA is the Sept. 2 “Rose to Toads” ride. The ride is a 62-mile trek up the east side of Lake Tahoe.

TAMBA said it has been able to raise significant funds for trail projects through this ride and expects to have hundreds in attendance. TAMBA usually wraps up work projects around mid-October, so the next couple months will be ideal for volunteering and getting involved.

Could Incline Village Be Your New Home?

by Lakeshore Realty

Moving to a new area can be confusing and a little scary. You have to familiarize yourself with all new people, restaurants, and activities. Here in Incline Village, our town opens you with welcome arms. Visit this site https://www.yourtahoeplace.com/ivgid for information on our town. It provides information on the town, activities in the area, and information on all of Lake Tahoe.

 

#RealEstate #Realtor #ForSale #NewHome #HouseHunting#MillionDollarListing #HomeSale #HomesForSale #Property #Properties#Investment #wanttomove #buymyhouse #luxuryhomes #luxuryliving#luxuryrealestate #nevadarealestate#LakeshoreRealty #Lakeshore#LakeTahoe #NorthShore #Inclinevillage #crystalbay #tahoe#tahoeliving #tahoebound #tahome #skiing #snowboarding #resorttown#snowplay #lakelife #lakefront #boating #livewhereyouvacation #vacation #vacationhome #mountainhome #lakehouse #dreamhouse

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LakeshoreRealty.com
Lakeshore Realty
954 Lakeshore Blvd.
Incline Village NV 89451
775-831-7000
800-954-9554
Fax: 775-831-6777

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