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Price Reduction: 1169 Lakeshore Blvd.

by Lakeshore Realty

One of our listings at Lakeshore Realty had a major price drop:

1169 Lakeshore Blvd.

Gorgeous Lakefront Home

Sophisticated And Exceptional Craftsmanship.

 

Exceptional once in a lifetime opportunity! This is an exclusive lakefront home nestled in a private cove with its own private sandy beach. It is unlike anything else on the lake! The home features 3 1/2 floors of superior construction and amenities, including am elevator, sauna, gourmet  kitchen, home theater, wine room and more. Surrounded by pine trees and breathtaking views, this home emanates Tahoe Living. This exquisite home is a perfect match for one who is seeking privacy, elegance, panoramic views and most of all, quality of living.

The home has beautiful appointed furnishings that are offered as well. 

 

Bed: 4
Bath: 4 full & 2 half
Sq. Ft.: 7130
Year Built: 1999

VirtualTour

OLD PRICE: 12,600,000

NEW PRICE: 11,900,000

 

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.

Three Data Sets Concur on Continuing but Slower Price Increases

by Lakeshore Realty
Three Data Sets Concur on Continuing but Slower Price Increases
 
All three home price surveys released this morning showed prices increased in March, a more moderate improvement than in previous months in some cases, but still broad based.  The S&P Case-Shiller Home Price Indices, showed that prices increased month-over-month in 19 of the 20 cities it tracks, Black Knight in 49 states, and FHFA said 42 states and the District of Columbia posted increases in the first quarter of 2012.

The Case-Shiller 10 City Composite Index gained 0.8 percent in March and the 20-City was up 0.9 percent.  The quarterly National Index rose 0.2 percent in the first quarter of 2013.  San Francisco's HPI increased another 2.4 percent in March and Dallas and Denver set new index peaks with March increases of 1.2 and 1.4 percent respectively.  New York was the only city among the 20 to decline, posting a 0.3 percent drop, for March but all 20 cities had positive annual returns although 13 of the 20 posted lower annual returns in March than in February.

The annual gains in both the National and Composite indices slowed significantly.  The National Index gained 10.6 percent from March 2013 to March 2013 while the 10-City increased 12.6 percent and the 20-City 12.4 percent.  In the fourth quarter the National Index was up 11.3 percent on an annual basis while in February the 10-city and 20-City had annual increases of 13.1 percent and 12.9 percent respectively.  Chicago showed its highest year-over-year return since December 1988, 11.5%.  Las Vegas and San Francisco, the cities with the highest returns, saw their rates of gain slow to approximately 21%; their post-crisis peak returns were 29.2% and 25.7%. At the lower end was Cleveland with a gain of 3.9% in the 12 months ending March 2014.

 

 

The year-over-year changes suggest that prices are rising more slowly," says David M. Blitzer, Chairman of the Index Committee at S&P Dow Jones Indices. "Annual price increases for the two Composites have slowed in the last four months and 13 cities saw annual price changes moderate in March. The National Index also showed decelerating gains in the last quarter. Among those markets seeing substantial slowdowns in price gains were some of the leading boom-bust markets including Las Vegas, Los Angeles, Phoenix, San Francisco and Tampa.

Housing indicators remain mixed, Blitzer said.  "April housing starts recovered the drop in March but virtually all the gain was in apartment construction, not single family homes. New home sales also rebounded from recent weakness but remain soft. Mortgage rates are near a seven month low but recent comments from the Fed point to bank lending standards as a problem. Other comments include arguments that student loan debt is preventing many potential first time buyers from entering the housing market."

 

 

As of the first quarter of 2014, average home prices across the United States are back to the levels posted in the spring of 2004. At the end of the first quarter of 2014, the National Index was up 0.2% over the fourth quarter of 2013 and 10.3% above the first quarter of 2013. The two composite indices have returned to mid-2004 levels and measured from the June/July 2006 peaks are down approximately 19-20 percent and have recovered by about 24 percent from the March 2012 troughs. 

FHFA's HPI rose 0.7 percent from February to March compared to a 0.6 percent increase in January.  The annual increase was 6.5 percent.  As noted there were first quarter increases in the HPI in 42 states and the District of Columbia compared to increases in 38 states during the fourth quarter of 2013.  It was the 11th consecutive quarter the FHFA HPI has increased and the monthly seasonally adjusted purchase-only index for the U.S. has increased for 23 of the last 24 months

The states with the strongest annual appreciation were Nevada, the District of Columbia, California, Arizona, and Florida.  Among the nine census divisions the Pacific Division had the strongest increase in the first quarter with a 2.1 percent increase and the region was up 13.2 percent from the previous year.  On the monthly basis however the Pacific region had only a 0.4 percent increase, well below the national average and the 4.6 percent jump in New England and 1.2 percent in the West North Central region.

There were first quarter price increases in 71 of the 100 metropolitan areas tracked by FHFA with the strongest increase, 10.7 percent, in the Charleston, South Carolina area and the weakest in New Orleans, down 2.6 percent.

Black Knight said that its HPI for the nation as a whole was $235,000 in March, a 1 percent increase from the previous month and 12.8 percent below the peak in the index, $269,000, reached in June 2006.   Colorado and Texas established new peak HPI's in March as they have done virtually every month since last summer.  

Michigan and the District of Columbia had the largest month-over month increases at 1.6 percent each, followed by four states, Washington, Oregon, Illinois, and Georgia that increased 1.5 percent.  Missouri and North Dakota were each up 1.3 percent and Minnesota and Nevada 1.2 percent. 

Connecticut was the only state where the HPI declined from February to March, a slight loss of 0.1 percent.  Three other New England states, while in positive territory, posted the worst performances in the country.  Rhode Island increased 0.1 percent, Vermont 0.2 percent, and New Hampshire 0.3 percent.

SOURCE: www.mortgagenewsdaily.com

Lakeshore Realty Featured Property Video Presentation

by Lakeshore Realty

Lakeshore Realty Featured Property

Our Lakeshore Realty listing at 735 Martis Peak Rd. is a real beauty among the North Lake Tahoe real estate listings.

735 Martis Peak

Bedrooms: 4

Bathrooms: 4.5 

Fireplaces: 3

Sq. Ft.: 4196

Year Built: 2005

PRICE: 2,749,000

Custom home, like new built in 2005 located in the Lakeview subdivision. All 4 bedrooms are en-suite. Master bedroom on main level. Open floor plan with state-of-the-art kitchen, featuring high end stainless steel appliances: Wolf, Subzero, Franke sinks & 2 Miele dishwashers. Clear cedar siding with granite accents on front elevation. Stained Knotty Alder wood used throughout, carpet, wood, travertine and marble flooring. 9 ft ceilings and 8 ft doors.  A must see home.​

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 Real Estate Market Update

by Lakeshore Realty

Incline Village Real Estate Market Update

The charts below reflect North Lake Tahoe, Incline Village and Crystal Bay real estate data collected from the MLXchange system. 

The data reflected in these charts was collected starting 1/1/14 through 05/26/14.


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.

Basic Plumbing Tools Every Homeowner Should Have

by Lakeshore Realty

Sprung a leak? Toilet overflowing? With a little bit of plumbing knowledge and these basic tools, you can keep things under control until a professional plumber gets there. Make sure your toolbox is stocked with these essentials:

Plunger

While a plunger is generally used to de-clog toilets, it can also be used to clear sink drains and showers. A plunger should be used to suction clogged material out of the drain. By creating a tight seal around the offending drain and pulling upward, the plunger effectively sucks out any debris. You can purchase any old plunger for less than five dollars, but consider investing in a sturdier model such as this one from SimpleHuman.com. Cheap, poorly constructed plungers break easily.

Toilet Snake

Also called a toilet auger, plumbers feed these devices into the toilet or drain to "snake" out tough clogs that are beyond a plunger’s reach. A toilet snake looks like a pole with a flexible shaft attached at one end and a crank at the other. When inserted into the drain, the flexible shaft will help pull out any clogs or break them apart to clear the obstruction.PlumbingSupply.com offers a variety of toilet snakes, from an inexpensive handheld mini-auger ($9.31) to a six-foot model ($54.85).

Teflon Tape

While a professional plumber would not use Teflon tape to fix a leak, a plumbing novice can for a temporary fix. Taping a leaking pipe can help prevent dangerous puddles and keep your bathroom floor from flooding overnight. A few layers of Teflon tape applied to the offending pipe will keep things dry until you are able to contact your plumber.

O-rings

Many minor leaks and dripping faucets can be fixed by replacing the rubber seal (or o-ring) around the fixture. Simply remove the old o-ring and replace it with a new one. Visit AppleRubber.com for help determining the size you need.

Adjustable Pipe Wrench

When shower heads and other fixtures become loose, they create leaks. An adjustable pipe wrench will tighten loose nuts and bolts, and can be used to replace worn or broken fixtures. When the time comes to dismantle a fixture or tank, you’ll be glad to have a pair of these in your toolbox. Look for a high-quality model such as the quick adjusting pipe wrench fromIrwin.

Gloves

Working with wet pipes and fixtures gets slippery. Keep your hands clean and dry with a pair of sturdy gloves to prevent you from losing your grip (and possibly hurting yourself or breaking something). Regular dish-washing gloves will work, but a pair of plumber’s gloves is better. Harbor Freight Tools has regular plumber’s gloves and long-cuffed options designed to keep water out.

  

  • Sold Properties by Lakeshore Realty Agents and Sold Lakeshore Realty Listings in April 2014

Below we have a list of properties that were sold in April 2014 by Lakeshore Realty Real Estate Agents and properties that were listed by Lakeshore Realty agents and were sold on the North Lake Tahoe, Incline Village and Crystal Bay real estate market.

996 Wedge Ct.

Bed: 4
Bath: 5.5
Year Built: 2008
Sq. Ft.: 5742

Days on Market: 270
Sold Date: 04/09/2014
Sold Price: $2,200,000

Selling Agent:
Larry Baylies

 

714 Bunker Ct.

Bed: 4
Bath: 3.5
Year Built: 1984
Sq. Ft.: 2934

Days on Market: 638
Sold Date: 04/24/2014
Sold Price: $1,025,000

 Selling Agent:
Lana Nelson 

 

967 Jennifer St.

Bed: 4
Bath: 2.5
Year Built: 1998
Sq. Ft.: 3472

Days on Market: 941
Sold Date: 04/18/2014
Sold Price: $1,077,000

Selling Agent:
Peg Augustus 

 

1070 Sawmill Rd.

Bed: 4
Bath: 3.5
Year Built: 1964
Sq. Ft.: 2363

Days on Market: 470
Sold Date: 04/25/2014
Sold Price: $645,000

Listing Agent:
Carole Madrid

 

671 Country Club Dr.

Bed: 2 
Bath: 2
Year Built: 1966
Sq. Ft.: 1374

Days on Market: 83
Sold Date: 04/29/2014
Sold Price: $374,000

    Listing Agent:
     Pam Fernandez

 

599 Cedar crest Ln. #47

Bed: 2
Bath: 2
Year Built: 1969
Sq. Ft.: 1120

Days on Market: 17
Sold Date: 04/23/2014
Sold Price: $315,000

Selling Agent:
Carole Madrid

 

 

929 Northwood Blvd. #85

Bed: 3
Bath: 3
Year Built: 1990
Sq. Ft.: 1822

Days on Market: 37
Sold Date: 04/10/2014
Sold Price: $598,000

Listing & Selling Agent:
Peg Augustus

 

120 Village Blvd. #106

Bed: 2
Bath: 2
Year Built: 1993
Sq. Ft.: 1089

Days on Market: 1
Sold Date: 04/10/2014
Sold Price: $450,000

Listing & Selling Agent:
Chris & Patti Plastiras

 

862 Southwood Blvd. #4

Bed: 3
Bath: 3
Year Built: 1983
Sq. Ft.: 1710

Days on Market: 1
Sold Date: 04/18/2014
Sold Price: $300,000

Listing Agent:
Chris & Patti Plastiras

 

933 Northwood Blvd. #7

Bed: 3
Bath: 3
Year Built: 1998
Sq. Ft.: 2794

Days on Market: 315
Sold Date: 04/30/2014
Sold Price: $960,000

Selling Agent:
Nevada Metherd

 

998 Driver Way.

Bed: 2 
Bath: 2
Year Built: 1979
Sq. Ft.: 1499

Days on Market: 1
Sold Date: 04/25/2014
Sold Price: $290,000

    Listing & Selling Agent:
     Pam Fernandez

 

 

525 Lakeshore Blvd. #36

Bed: 3
Bath: 3
Year Built: 1964
Sq. Ft.: 1876

Days on Market: 39
Sold Date: 04/11/2014
Sold Price: $2,095,000

 Selling Agent:
Lana Nelson 

 

 

333 Ski Way #252

Bed: 1
Bath: 2
Year Built: 1980
Sq. Ft.: 1062

Days on Market: 278
Sold Date: 04/29/2014
Sold Price: $225,000

 Listing Agent:
Sharon Peplau

 

335 Ski Way #348

Bed: 2
Bath: 2
Year Built: 1988
Sq. Ft.: 1264

Days on Market: 595
Sold Date: 04/01/2014
Sold Price: $425,000

Listing & Selling Agent:
Chris & Patti Plastiras

 

321 Ski Way #111

Bed: 3
Bath: 2.5
Year Built: 1971
Sq. Ft.: 1360

Days on Market: 880
Sold Date: 04/28/2014
Sold Price: $260,000

 Listing Agent:
Kristi & Jamie

 

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.

Price Reduction: 711 Birdie Way

by Lakeshore Realty

One of our listings at Lakeshore Realty had a major price drop:

711 Birdie Way

Washoe County Award Winning Home!

Enchanting Tahoe Home!

 
This property will surprise you with elegance and character like no other Tahoe home!
 
The beautiful open floor plan invites you to relax and enjoy a true Tahoe experience.
 
A one acre parcel gives you privacy and a year round stream borders the land and this is just the beginning. Attention to detail does not begin to describe the unique architecture found both inside and out. This award winning home is made for those who want to entertain in a big way and in style! A must see to believe!

 

Bed: 4
Bath: 3.5
Sq. Ft.: 5344
Year Built: 2003

VirtualTour

OLD PRICE: 2,395,000

NEW PRICE: 2,345,000

 

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.

More Than Half of the Home Price Bounce Fell Within 12 Months

by Lakeshore Realty

Home prices reached the half-way mark in the fourth quarter of 2013, climbing back to a level 20 percent above the trough in values reached nationwide in the fourth quarter of 2011 but remaining 21 percent below the peak prices reached in early 2006.  The CoreLogic Case-Shiller Indexes for the last three months of 2013 confirmed that more than half of that appreciation occurred between the fourth quarter of 2012 and the fourth quarter of 2013 when  prices increased by 11.3 percent nationwide.

The Case-Shiller analysis paints a more restrained picture going forward.   Price appreciation over the four quarters of 2014 will be at less than half that in 2013, slowing to 5.3 percent over the course of the year.  Even this decreased rate is slightly higher than the historic rate of 4.5 percent recorded since 1975.

"Limited construction of new homes and low inventories of existing homes for sale contributed to the jump in prices," said Dr. David Stiff, principal economist for CoreLogic Case-Shiller. "Developers remain cautious about building too many new houses until they see stronger demand in their markets."

The Case-Shiller analysis covers home price trends during the fourth quarter of 2013 in more than 380 U.S. markets.  Among the largest metropolitan areas, those with populations over 950,000, the most rapid growth was noted in Las Vegas (+26 percent) and Riverside (+24 percent) and Oakland (+23 percent) California. The three largest metropolitan areas that experienced no change were Oklahoma City, and Tulsa, Oklahoma and Virginia Beach, Virginia.  Stiff said that new price peaks, even above 2006 levels were reached in several metro areas including Houston, Dallas, Denver, Honolulu, and Pittsburgh.

Of the largest metropolitan areas Case-Shiller projects the greatest year-over-year gains through the end of 2014 for Tucson, (+11 percent), Rochester, New York (+9 percent) and Hartford (+9 percent). The largest metropolitan areas with the smallest projected gains are Nashville (+2 percent), Sacramento (+2 percent) and Warren, Michigan (+2 percent).

"For the remainder of 2014, investor demand and sales of foreclosed properties should drop off quickly. Traditional buyers are returning slowly to the market, but cannot replace demand from investors who led the market in recent years," Dr. Stiff said.

SOURCE: www.mortgagenewsdaily.com

Exodus costs CA

by Lakeshore Realty

People and businesses flee California’s high taxes and regulations. How much does that cost the state budget? A new book by Travis Brown, “How Money Walks,” quantifies it; as does his website, howmoneywalks.com.

Writing in the Orange County Register, Adam Summers summarized Brown’s data:

From 1992-2011, California’s annual adjusted gross income has decreased by $46.3 billion as a result of people moving out of state. Only New York (with a net loss of $71.4 billion) had a bigger drain. The chief beneficiaries of this outmigration were Nevada, which gained $9.9 billion in wealth from California transplants, Arizona ($8.1 billion), Texas ($6.4 billion), Oregon ($6.3 billion) and Washington ($5.5 billion).”

And given that state and local governments in California skim off about 11 percent of income through taxation, that means state and local governments here lost about $5 billion in tax revenues. That’s a big part of why the state has had budget problems in recent years. Productive people left, taking their part of the tax base with them.

Summers continued:

“There is a very strong correlation between people’s movements and state and local tax burdens. The states that saw the biggest wealth drain – New York, California, Illinois, New Jersey, Ohio, Michigan and Massachusetts – all ranked in the top half of states in the Tax Foundation’s newest ranking of state and local tax burdens (using fiscal year 2011 data). Conversely, nearly all the states that saw the greatest wealth gains – Florida, Arizona, Texas, North Carolina, Nevada, Georgia, South Carolina, Colorado and Washington – placed in the bottom half of states in terms of state and local tax burden, with the exception of North Carolina, which ranked 17th highest.”

The data do not include California’s mammoth, $7 billion tax increase in 2012 from Proposition 30.

It takes a lot to chase people away from the surf and sunshine, but California’s toxic government has done that. If the Golden State had the weather of North Dakota, nobody would be left.

- See more at: http://calwatchdog.com/2014/05/09/exodus-costs-ca/#sthash.jSpVNkgH.TI65jhgA.dpuf

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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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