Lakeshore Realty
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Today the Incline Village General Improvement District called to let us know the water usage at one of our properties had suddenly doubled. When we got there we found that not only was there a leak, but the water level had risen to the point where it was just about to hit the electrical. A disaster was averted... thanks to IVGID!
Current Market Overview of Homes listed on the market for sale- broken out by subdivisions/neighborhoods- number of listings-price points. The map below indicates where each subdivision is located. If you want to review any one area and all the listings available our neighborhood drop down menu will take you directly to the list of "ALL" homes in the Multiple listing service from all offices.
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With listing season here, as a seller you have options on which Realtor and Brokerage to choose from, both important decisions. Since 1994, Lake Tahoe home owners have turned to Lakeshore Realty for several reasons. Our firm was founded and built by Chris and Patti Plastiras, Owners/brokers and strategically located as the only real estate office on Incline village's famous thoroughfare,Lakeshore boulevard. this highly - visible location is across the street from one of our popular private beaches and a short walk from the Hyatt Regency Lake Tahoe Resort, casino.
A personal assurance that clients can depend on when they walk through our doors is that every Lakeshore Realty agent meets our minimum requirement of 10 years local real estate experience, so only the most qualified professionals take care of your needs.
The rare and valuable quality of stability in today's ever changing real estate market is what Lakeshore Realty is known for. While other firms closed their doors during challenging times, Lakeshore realty was prepared as always and we remain a strong and reliable partner you can depend on.
We specialize in selling North Lake Tahoe properties: Our professional real estate agents understand our area's unique assets and buyer's that are attracted to them,. More importantly, we have the proven knowledge, resources, and dedication to help you get the best price for your home.
We customize our marketing campaign when you list with us especially for you -our strong internet presence is one of our many features seller's take advantage. Our prominent placement on the largest search engines such as Google and Yahoo on the first page, under organic (non-paid advertising) listing data. Our site is extensively utilized by the Washoe county assessors office to review sales data which is always up to date.
Give us a call to discuss listing your property and discover the personalized service we offer.
It's summer in May at Lakeshore based on the activity of walk-ins to our office, phone ups and referrals!
Lakeshore Realty has listed 6 new properties, for detailed information go to LakeshoreRealty.com and click Lakeshore Realty Listings.
595 Lariat Circle #3 - $719,000 - Chris & Patti Plastiras
947 Incline Way #172 (McCloud) - $649,000 - Nevada Metherd
458 Gonowabie Road - $3,995,000 - Chris & Patti Plastiras and Peg Augustus
931 Incline Way #236 (McCloud) - $568,488 - Lana Nelson
581 Tyner Way - $979,000 - Carole Madrid
735 Kelly Drive - $1,685,000 - Peg Augustus
There are an ample amount of properties coming on the market which is standard for this time of year but the exciting part is properties are selling$$!!
Below we have a list of properties that were sold or listed by Lakeshore Realty Real Estate Agents.
Bed: 4
Bath: 3.5
Year Built: 1995
Sq. Ft.: 4512
Days on Market: 608
Sold Date: 03/19/2012
Sold Price: $1,350,000
Selling Agent:
Tony Tuoto
Bed: 3
Bath: 2
Year Built: 1965
Sq. Ft.: 2116
Days on Market: 7
Sold Date: 13/15/2012
Sold Price: $479,000
Listing Agent:
Pam Fernandez
Bed: 2
Bath: 2.5
Year Built: 1988
Sq. Ft.: 1293
Days on Market: 125
Sold Date: 03/15/2012
Sold Price: $450,000
Selling Agent:
Peg Augustus
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.
2012 Incline Village and Crystal Bay
First Quarter Sales Report
Below you'll find “Sold” property data which includes Incline Village and Crystal Bay, both located on the North-shore of Lake Tahoe, Nevada. The charts show three categories of properties- Residential, Condominiums, Town homes (Planned Unit Developments).
Please note that the reports above were created using data extracted from the MLXChange System and reflects property sales starting 1/1/12 until 3/31/12
During the first three months of 2012 there was an increase in Residential home sales of over 25% compared to the previous two years, this was mainly caused by the large number of downward price adjustments within Incline Village and Crystal Bay. Short Sales and REO's(Bank Owned properties) affected the residential sales the strongest. Out of 30 homes sold this year, 37% were Short Sales and REO's, impacting the Median Price that dropped from $900,000 in 2011 to $650,000 in 2012. According to the Incline Village MLX System, currently there are 149 active home listings in Incline Village and Crystal Bay, of which 64 properties (representing over 40%) had a downward price adjustment in the past 6 months. The next quarter is going to be strong in sales since there are currently 27 homes in Escrow, 6 are Short Sales.
The Condominium report shows a significant price adjustment downwards (the Median Sold Price had a significant drop of 56%. Prices dropped from $440,000 in 2011 to $250,000 in 2012), and even if there were only 18 Condominiums sold so far this year (only 2 were short sales), there are 25 Condominiums in Escrow at this time (of which 8 are short sales). Suggesting a very strong next quarter. The Median price of Condominiums Escrow is $245,000.
On the Townhome report the amazing fact is that there was no price differential (% between asking price and selling price in 2012). Out of the 6 units all were sold at the asking price, only 1 was a bank owned sale. Currently 4 Townhomes are under Contract.
Price drops are occurring in all categories, and the increased number of Short Sales and REO's make this a strong Buyer's Market.
Sellers and Buyers need to be educated on the market which is where we come in.
Give us a call at 775-691-7000
Please note that the information above reflects data collected from the Incline Village MLX System starting 1/1/12 through 3/31/12.
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.
One interesting fact that can be noticed on the March 2012 Sales Report is the Price Differential of 100%, which means that each house that was sold this month it was sold at the asking price, that is also mainly due to the fact that there were a lot of asking price drops on properties all around Incline Village and Lake Tahoe real estate market.
- Please note that the report above was created using data extracted from the MLXChange System and reflects Residential Property 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.
There has been a price adjustment on one of our Lakeshore realty listings, our listing on 335 Ski Way is available now at $459.000 all the way from $490.000. Bellow you'll find the full details of this property.
Bed: 2
Bath: 2
Fireplace: 1
Year Built: 1988
Sq. Ft.: 1264
NEW PRICE: $459.000
Wonderful Lakeview condo tastefully furnished Burgundy Hill Penthouse. Stainless steel appliances, hardwood floors, granite countertops, both bathrooms are redone and include faux travertine ceramic tile flooring and elegant vanities. and new paint throughout. Great year round access and close to Diamond Peak Ski Resort.
Covered parking and elevator access directly to your floor from the parking structure.
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.
All mortgage rates, including bank mortgage refinance rates are at risk of increasing now that the economy is showing some signs of improvement. It has been tough week for MBS prices that have been falling and, ultimately, sent mortgage rates higher by Thursday. Freerateupdate.com's survey of wholesale and direct lenders shows that while most mortgage rates rose .125%, 30 year fixed mortgage rates increased .250% and are at 3.750%. 15 year fixed mortgage rates are at 3.000% and 5/1 adjustable mortgage rates are at 2.375%. With good qualifications and acceptable credit, these are the lowest mortgage rates available with 0.7 to 1% origination fee. These bank mortgage refinance rates increased just a few days ahead of the start of the Harp 2.0 refinancing program which is open to underwater borrowers who have mortgages owned by Fannie Mae and Freddie Mac. Since this program is a regular refinance with special guidelines, borrowers should research for the lowest mortgage rates available in order to recognize the most savings possible.
Also increasing .125%, FHA 30 year fixed mortgage rates are at 3.375%, FHA 15 year fixed mortgage rates are at 2.875% and FHA 5/1 adjustable mortgage rates are at 2.875%. FHA mortgage rates are not risk based according to credit scores which makes them more appealing to borrowers who do not have perfect credit. FHA's streamline refinance program with no cash out now has a new incentive. The upfront and annual mortgage insurance premiums will be lower starting in June, 2012. This program is a quick and easy refinance for FHA borrowers that does not require an appraisal or other verifications, but still offers the same low FHA bank mortgage refinance rates. Any upfront mortgage insurance premium, whether for a purchase loan or refinance, will make FHA closing costs (APR) higher, but FHA allows these costs to be included in the mortgage.
Jumbo 30 year fixed mortgage rates increased again by .125% and are now at 4.625%. Jumbo 15 year fixed mortgage rates are at 3.375% and jumbo 5/1 adjustable mortgage rates are at 2.500%. Borrowers are required to have excellent credit in order to obtain these lowest jumbo mortgage rates with 0.7 to 1% origination fee. Jumbo mortgages are a smaller market and are not government insured or sold to Fannie Mae or Freddie Mac. Most often, jumbo mortgages are held by the lender within their portfolio which is why they tend to have stricter guidelines.
These are some of the newest listings at Lakeshore Realty on the North Lake Tahoe Real Estate Market.
Bed: 4
Bath: 4.5
Year: 1999
Sq. Ft.: 7130
Price: $11,700,000
Listing Agent:
Carole Madrid
LAKEFRONT "Rodman" built home. Panoramic lake view, seasonal sandy beach on private cove,2 buoys, exquisite custom home. Elevator, gourmet kitchen, home theater , wine room & more...fabulous thru-out!!Furnishings negotiable. Showings by appointment.
Bed: 3
Bath: 3.5
Year: 1973
Sq. Ft.: 3278
Price: $2,395,000
Listing Agent:
Chris & Patti Plastiras
Beautifully remodeled lake view home located in the Lower Tyner Subdivsion. Wonderful movie theater, game room, wine room and more. Perfect deck for entertaining & enjoying the views. Property has AC in the master & living area.
Bed: 3
Bath: 2.5
Year: 1965
Sq. Ft.: 2512
Price: $975,000
Listing Agent:
Michelle Ward
Beautifully landscaped home in the Mill Creek subdivision. Great family home close to Lakeshore Drive, the Hyatt, beaches, and shopping. Newly fenced yard with gate to creek. Large accommodating great room with high ceilings. Single level!
Bed: 3
Bath: 3.5
Year: 1981
Sq. Ft.: 3149
Price: $1,395,000
Listing Agent:
Pam Fernandez
Absolutely amazing property in North Lake Tahoe's Incline Village, Nevada.
Bed: 3
Bath: 3.5
Year: 1970
Sq. Ft.: 1360
Price: $225,000
Listing Agent:
Tyler O'Neal
Very clean 3 bedroom condo at Mountain Shadows. Priced to sell quickly. Great amenities pool/spa and location. Faces common area. Home inspection and termite report on file.
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.
Displaying blog entries 1-10 of 338
