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Major Price Reduction at 387 2ND TEE

by Lakeshore Realty

There was a major price drop on one of the Lakeshore Realty listings. The price on our 387 2ND TEE listing dropped to $1,295,000 from $1,525,000. Here are some details about this property:

387 2ND TEE

Price: $1,295,000
Bed: 6
Bath: 5.5
Year Built: 1989
Sq. Ft.: 5388

Fully Custom Home, designed to meet all the qualities of a luxury Tahoe living. Located on the Eastern-Slope, this property has all the right features and size to entertain and live the Tahoe Lifestyle. Stunning .616 acre lot with a park-like rear yard, landscaping all set the tone for a fantastic luxury value.

To access all the Incline Village and Lakeshore Realty listings please click here. You can also contact us by email or call us at 775-831-7000. If you are in Incline Village, please visit us at 954 Lakeshore Blvd. Incline Village, NV 89451.

Lake Tahoe Real Estate Market Update

by Lakeshore Realty

Lake Tahoe Real Estate Market Update

Real estate inventories are diminishing all over the country and the same effect is seen on the Lake Tahoe real estate market. To be more exact, since June 26, 2012 when we posted one of the previous "Lake Tahoe Real Estate Market Update" blog's there was a 39% inventory drop on Residential properties, from 183 Active Homes on June 26 to only 111 Active Homes today. The Condominium inventory had an even bigger drop, 52% from 140 Active condominiums on June 26 to only 66 Active condominiums today. Active Townhomes are also down 45% from 46 Active Townhomes in June 26, 2012 to only 25 today.

Below you'll find the full reports for the Incline Village and Crystal Bay real estate market:

To see a larger image of the chart above click here.

To see a larger image of the chart above click here.

To see a larger image of the chart above click here.

To access all the Incline Village and Lakeshore Realty listings please click here. You can also contact us by email or call us at 775-831-7000. If you are in Incline Village, please visit us at 954 Lakeshore Blvd. Incline Village, NV 89451.

Incline Village Library Announces New Hours

by Lakeshore Realty

As of January 2, 2013, the Incline Village Branch of the Washoe County Library System increased its hours of operation from 25 to 30 hours per week.  The Library is open from 12:00 p.m. to 6:00 p.m., Tuesday through Saturday. 

Incline Village Library Announces New Hours

The Incline Village Library offers a variety of books, magazines, newspapers, DVDs, CDs, downloadable books, a meeting room, study spaces, comfortable seating in front of the double-sided fireplace, and more for local residents and visitors to the area.  For more information about library programs and special events, please visit us online at www.washoecountylibrary.us

 

Incline Village Library
845 Alder Avenue
Incline Village, NV 89451
Phone: (775) 832-4130

 

  • New Lakeshore Realty Homes for Sale in Lake Tahoe, Incline Village Nevada

These are some of the newest listings at Lakeshore Realty on the North Lake Tahoe's Incline Village Real Estate Market.

680 Village Blvd.

Bed: 4
Bath: 2.5
Year: 1981
Sq. Ft.: 2314

Price: $787,000

VIRTUAL TOUR

Listing Agent:
Chris & Patti Plastiras 

Well maintained home located in a low elevation area. Family/Office can be a 5th bedroom. 3 car tandem garage with heater. Open floor plan with cathedral beamed ceilings, lots of windows and woodstove. House has+3 decks, and fully fenced back yard.

 

99 Shoreline Cir.

Bed: 4
Bath: 2.5
Year: 1960
Sq. Ft.: 3011

Price: $2,000,000

Listing Agent:
Nevada Metherd

 

Great location:Shoreline&Lakeshore!Lake, park views. Lg. picture windows.Extensive remodel, rarely occupied.Great Rm, Fam Rm, 2 FP. Walk-out deck, 4 BR 2.5 BA, Lg 2 car garage. Plantation shutters, all neutral colors. Two new furnances. Like new!

 

700 College Dr.

Bed: 3
Bath: 2
Year: 1977
Sq. Ft.: 1120

Price: $235,000

 

Listing Agent:
Sharon Peplau

Roof new within last 3-4 years; exterior painted 18 months ago. Interior is original and in fair to good condition. Located near but not on parking area. All offers subject to bank approval. Short Sale Terms/Conditions Apply.

 

330 Sky Way

Bed: 2
Bath: 2
Year: 1974
Sq. Ft.: 1200

Price: $315,000

Listing Agent:
Kristi and Jamie

 

Nicely remodeled end unit in small complex. Close to parking. Hot tub on large deck over looking forest area. Nicely furnished and ready to move in. Easy to show.

 

321 Ski Way

Bed: 3
Bath: 2.5
Year: 1971
Sq. Ft.: 1782

Price: $355,000

Listing Agent:
Chris & Patti Plastiras

 

Large remodeled unit at Mt. Shadows with 3 BD + loft, 2.5 BA & attached car garage. Open floor plan with beamed ceilings and spacious deck off Master Bedroom and living room. Complex has 2 pools and is located close to Diamond Peak Ski Resort!

 

To access all the Incline Village and Lakeshore Realty listings please click here. You can also contact us by email or call us at 775-831-7000. If you are in Incline Village, please visit us at 954 Lakeshore Blvd. Incline Village, NV 89451.

Lakeshore Realty 929 Fairview Listing Price Change

by Lakeshore Realty

There was a major price drop on one of the Lakeshore Realty listings. The price on our 929 Fairview Blvd. listing dropped to $996,500 from $1,120,000. Here are some details about this property:

929 Fairview Blvd.

 Price: $996,500
Bed: 4
Bath: 3.5
Year Built: 1989
Sq. Ft.: 3498

 

VIRTUAL TOUR

This gorgeous home shows pride of ownership! Features include spacious living area w/ open floor plan, stone gas log F/P in LR, Kitchen Island w/ cook top, breakfast bar in kitchen, sunroom, Mst. BA w/ steam shower & two decks. First time on market!

To access all the Incline Village and Lakeshore Realty listings please click here. You can also contact us by email or call us at 775-831-7000. If you are in Incline Village, please visit us at 954 Lakeshore Blvd. Incline Village, NV 89451.

Annual Home Price Increase

by Lakeshore Realty
Annual Home Price Increase is Largest Since 2006
Home prices increased on a year-over-year basis for the ninth consecutive month according to the CoreLogic Home Price Index (HPI) released today. The November HPI was up 7.4 percent from its November 2011 level and represented the largest jump in the index in nearly seven years. On a month-over-month basis the HPI, which includes sales of distressed properties, was up 0.3 percent. CoreLogic said the all but six states are experiencing year-over-year price gains.

When short sales and sales of foreclosed properties i.e. distressed sales are excluded from the analysis, home prices nationwide increased by 6.7 percent in November compared to those a year earlier and increased 0.9 percent from October to November.

CoreLogic's Pending HPI which is based on Multiple Listing Service data indicates that December 2012 home prices, including distressed sales, can be expected to rise by 7.9 percent on a year-over-year basis from December 2011 and fall by 0.5 percent on a month-over-month basis from November 2012 reflecting a seasonal winter slowdown.

The Pending HPI excluding distressed sales projects an increase of 8.4 percent increase for December 2012 house prices as compared to those a year earlier and a positive 0.7 percent change from November 2012 to December.

"As we close out 2012 the pending index suggests prices will remain strong," said Mark Fleming, chief economist for CoreLogic. "Given the recently released QM rules issued by the CFPB are not expected to significantly restrict credit availability relative to today, the gains made in 2012 will likely be sustained into 2013."

"For the first time in almost six years, most U.S. markets experienced sustained increases in home prices in 2012," said Anand Nallathambi, president and CEO of CoreLogic. "We still have a long way to go to return to 2005-2006 levels, but all signals currently point to a progressive stabilization of the housing market and the positive trend in home price appreciation to continue into 2013."

While six states posted negative price changes on a year over year basis only two, Delaware and Alabama, remained in that category when distressed sales were included. The five states which posted negative price changes on a year over year basis including distressed sales, were Delaware (-4.9 percent), Illinois (-2.2 percent), Connecticut (-0.5 percent), New Jersey (-0.5 percent) and Rhode Island (-0.3 percent). Delaware improved to -3.5 percent and in a real anomaly Alabama dropped from a positive annual change of 2.2 percent to -2.2 percent when distressed sales were excluded.

The states with the highest increases including distressed sales were Arizona (20.9 percent), Nevada (14.2 percent), and Idaho (13.8 percent. Excluding distressed sales the greatest increases were in Arizona (+16.5 percent), North Dakota (+12.9 percent), and Nevada (+12.6 percent).

The national HPI has posted a -26.8 percent change from the peak HPI in April 2006 including distressed transactions and -20.7 percent excluding them.

Article provided by www.mortgagenewsdaily.com

North Lake Tahoe Real Estate 2012 Sales Reports

by Lakeshore Realty

2012 was an amazing year when it comes to the Lake Tahoe real estate market. The Incline Village and Crystal Bay real estate market saw a consistent increase in the number of home sales this year and the key driver for this was an extremely low sales price.

Lakeshore Realty sold 117 properties this year for a total of $92,239,875, and continues to be one of the leading real estate companies in the North Lake Tahoe area.

Below you'll find "Sold" property data for Incline Village and Crystal Bay real estate market, both located on the North Shore of Lake Tahoe, Nevada. The charts show three categories of properties: Residential, Condominiums, Town Homes (Planned Unit Developments).

2012 Sales by Property Type

To see this image in a large format click here.

2012 Residential Home Sales Report

To see this image in a large format click here.

2012 Condominium Sales Report

To see this image in a large format click here.

The "Median Sales Price" in 2012 was one of the lowest in the past decade in this real estate market, and was the leading factor for reducing the real estate inventory. The monthly charts show us that the past summer was the turning point; in July of 2012 the "Median Sales Price" for residential homes was at $585,000 and for condominiums was at an amazing $167,500. In these conditions, homes tend to stay less time on the market and sellers will get offers very close to the asking price.

In 2013 we will have to see if the home prices are going to increase, as they did in the past 3 months, and see in what way the country's fiscal situation will affect home sales.

To access all the Incline Village and Lakeshore Realty listings please click here. You can also contact us by email or call us at 775-831-7000. If you are in Incline Village, please visit us at 954 Lakeshore Blvd. Incline Village, NV 89451.

  • Sold Properties by Lakeshore Realty Agents and Sold Lakeshore Realty Listings

Below we have a list of properties that were sold by Lakeshore Realty Real Estate Agents and properties that were listed by Lakeshore Realty agents and were sold on the Incline Village and Crystal Bay real estate market.

941 Divot #3

Bed: 3
Bath: 3
Year Built: 1980
Sq. Ft.: 1,782

Days on Market: 98
Sold Date: 01/02/2013
Sold Price: $350,000

Listing Agent:
Pam Fernandez 

 

920 Tyner Way

Bed: 4
Bath: 3.5
Year Built: 2008
Sq. Ft.: 2,656

Days on Market: 6
Sold Date: 01/07/2013
Sold Price: $1,125,000

Selling Agent:
Sharon Peplau 

 

333 Ski Way #283

Bed: 2
Bath: 2
Year Built: 1980
Sq. Ft.: 1.224

Days on Market: 52
Sold Date: 01/04/2013
Sold Price: $305,000

Selling Agent:
Carole Madrid

 

367 Fairview Blvd.

Bed: 5
Bath: 3.5
Year Built: 1995
Sq. Ft.: 5,281

Days on Market: 228
Sold Date: 01/03/2013
Sold Price: $1,720,000

Listing Agent:
Carole Madrid

 

To access all the Incline Village and Lakeshore Realty listings please click here. You can also contact us by email or call us at 775-831-7000. If you are in Incline Village, please visit us at 954 Lakeshore Blvd. Incline Village, NV 89451.

31st Annual IHS Crab Feed Fundraiser

by Lakeshore Realty

The 32nd Annual IHS Crab & Pasta Feed fundraiser benefits Incline High School's Boosters Club. The IHS Booster Club provides support to academics, athletics and performing arts programs at Incline High School. This parent organization, chartered in 1969, offers general sponsorship for all students and staff of IHS by steeping in where the district leaves off. 100 % of Monies donated goes to helping the students at IHS reach their greatest potential. Auction items, sponsorship, and donations are needed for the Boosters Club 32nd Annual Crab & Pasta Feed carry on their mission of "benefiting more than  one student for more than one year."

  • All-You-Eat Crab and Pasta Dinner
  • Silent and Live Auction, Raffle Prizes
  • Entertainment

Saturday, January 26th

At Hyatt Regency Lake Tahoe

Cocktail Reception: 5:30pm

Dinner: 7:00pm

 

Web Effects on Real Estate

by Lakeshore Realty

Web Effects on Real Estate

Over the past decade, our world, and particularly the world of house hunters has become increasingly digital. Consumers are going online at a rapid pace to look for information to support their buying decisions. They watch “how-to” videos on YouTube, they read review sites, they look up specific brands on search engines, and even research on the go with their smartphones and tablets.

Web Effects on Real Estate

Google calls this idea ZMOT, or the Zero Moment of Truth; the idea that shopping is no longer about showing up in a store, or in our cases at a broker's office or an open house, seeking advice or counsel on what to buy or how much they should pay. As Google’s ZMOT handbook for marketers explains, “the sales funnel isn’t really a funnel anymore.” Today there is a new, empowered consumer generation that does its homework ahead of time at this new and critically important Zero Moment of Truth.

The story is no different for home shoppers. Real estate professionals know that their customers are uber-connected and informed. Nine in 10 home buyers today rely on the internet as one of their primary research sources, and 52 percent turn to the web as their first step. In fact, real estate related searches on Google.com grew 22% year-over-year. Additionally, approximately one-fifth of real estate related searches happen on mobile devices, and Google real estate related searches on mobile devices grew 120% percent year-over-year from 2011 to 2012.Action

Source: National association of Realtors

Displaying blog entries 1-10 of 13

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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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