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.

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.

818 Ophir Peak Road

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  

550 Dyer Cir.

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

170 Village Blvd.

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.

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.

335 Ski Way

Bed: 2

Bath: 2

Fireplace: 1

Year Built: 1988

Sq. Ft.: 1264

NEW PRICE: $459.000

VIRTUAL TOUR

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.

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.

1169 Lakeshore Blvd.

Bed: 4
Bath: 4.5
Year: 1999
Sq. Ft.: 7130

Price: $11,700,000

VIRTUAL TOUR

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.

605 Tyner Way

Bed: 3
Bath: 3.5
Year: 1973
Sq. Ft.: 3278

Price: $2,395,000

VIRTUAL TOUR

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.

160 Pine Cone Dr.

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!

639 Tyner Way

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.

321 Ski Way

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.

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 so far in 2012.

1007 Apollo Way

Bed: 4
Bath: 4
Year Built: 1985
Sq. Ft.: 3328

Days on Market: 205
Sold Date: 02/10/2012
Sold Price: $1,180,000

Selling Agent:
Tony Tuoto   

1011 Dorcey Dr.

Bed: 4
Bath: 2.5
Year Built: 1979
Sq. Ft.: 2496

Days on Market: 321
Sold Date: 01/31/2012
Sold Price: $590,000

Listing Agent:
Carole Madrid

732 James Lane

Bed: 3
Bath: 2
Year Built: 1976
Sq. Ft.: 1767

Days on Market: 43
Sold Date: 02/21/2012
Sold Price: $575,000

Listing Agent:
Chris & Patti Plastiras

845 Donna Dr.

Bed: 4
Bath: 4.5
Year Built: 2010
Sq. Ft.: 4642

Days on Market: 565
Sold Date: 1/20/2012
Sold Price: $1,750,000

Listing Agent:
Tim Lampe  

508 Jensen Dr.

Bed: 4
Bath: 2
Year Built: 1964
Sq. Ft.: 1750

Days on Market: 160
Sold Date: 02/09/2012
Sold Price: $424,500

Listing/Selling Agent:
Tim Lampe   

136 Juanita Dr.

Bed: 4
Bath: 2
Year Built: 1974
Sq. Ft.: 1506

Days on Market: 84
Sold Date: 1/10/2012
Sold Price: $422,500

Listing Agent:
Pam Fernandez

880 Golfers Pass.

Bed: 3
Bath: 2
Year Built: 1985
Sq. Ft.:

Days on Market:
Sold Date: 2/16/2012
Sold Price: $239,000

Selling Agent:
Pam Fernandez

There are a number of 14 other properties that involve lakeshore realty agents that are in escrow at this time.

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.

As you can see in the report bellow there is a significant increase in the number of residential homes sold in February 2012 compared to the previous couple of years.

- 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.

1. Federal tax Changes "Looming": 
a."Bush Tax Cuts" to expire 12/31/12
b. Top ordinary rate goes from 35% to 39.6%; even bottom end rate to increase from 10% to 15%
c. Top long term capital gain rate goes from 15% to 20%
d. Dividends revert to "ordinary income" and thus taxable at 39.6% versus present 15% rate for "qualified dividends"
e. President Obama releases budget calls for "Buffet Rule" millionaires minimum rate of 30%

2. Patient Protection and Affordable Care Act ("Obamacare") new taxes "looming", effective 1/1/13:
a. Medicare (payroll) tax increases of 0.9% on employees and self-employed persons on earnings above 200,000/250,000 joint return
b. New tax: Medicare tax on unread income
   i. Interest/dividends/capital gains/annuities/royalties/rents (tax exempt income excluded.
   ii. 3.8% Rate
   iii. On lesser of net investment income or modified AGI in excess of 200,000/250,000 joint return
   iv. NB: This would include capital gains from sales of real estate - primary residence or otherwise!

3. All of the above on top of California presently high structure, which may increase if Brown initiative passes:
a. Present structure
   i. 9.3 top marginal rate
   ii. Mental Health surtax of 1% for taxable income in excess of 1 million
b. Brown Proposal - "The Schools and Local Public Safety Protection act of 2012"
   i. Up to 2% additional income taxes for 5 years starting 1/1/13 on "millionaires and high income earners"
   ii. "Temporary" (4 years starting 1/1/13) 1/2 cent sales tax increase 
   iii. All dedicated to "education and public safety"
   iv. Goal - 7 billion additional revenue

4. FTB - one of their "top audit issues" for 2012: 1031 changes
a. The sources of the original deferred gain on California property will remain with California, regardless of the location of the replacement property. When the replacement property is ultimately sold in a taxable transaction, the gain originally deferred on the California property will have its source in and will be taxable by California.\

Credits for this article go to Mr. Jeff Quinn with Certified Public Accountants and Consultants Ltd.

Inspections, appraisals, and closing costs

Many buyers understand they will have closing costs but they fail to budget for other items such as a home inspection. Sometimes inspections are paid for by the seller but it’s usually the buyer who pays for the inspection. And, even if the homeowner recently had a home inspection and has the report, a buyer still might want to pay for an inspector to have another look to compare the findings. Depending on the home, there may also be other inspections such as for lead paint, pests or radon gas.

Private Mortgage Insurance

This is added on to your mortgage when the down payment is less than 20%. You can buy a home with less money but you’ll pay the PMI which covers the lender should a homebuyer default on the loan. As you build up equity, your PMI drops off.

HOA Fees

Homeowners’ Association fees (HOA) can add several hundred dollars to your monthly household expenses. These HOA's help to maintain common areas, typically within condominium complexes. They also govern what can be done to the unit and the surrounding area. While there is an up side to HOA's, some buyers prefer to have more freedom over their property, perhaps, until the neighbor paints his house turquoise with red accents.

Taxes

Property taxes generate revenue for municipalities, counties, and schools. It’s an expense that can vary across the U.S. However, on average, it’s 1.38 percent of the home’s value. Back East tends to have the highest property taxes.

Homeowner’s insurance

Lenders require homeowner’s insurance on your property. The amount you’ll pay depends on many variables including: where you live, the age, type, size of your home. For example, older homes can cost more to insure due to the fact that they may require more repairs than newer homes. Also, high-hazard areas can cost more to insure and some insurance companies may not offer an insurance policy for your home, if you’re in a high-risk area.

Utilities and appliances

These areas can be overlooked because, often, when people are renting the appliances are taken care of. When you own your own home, be sure to consider expenses such as the water heater or dishwasher breaking down. While, you can’t exactly figure out when an appliance is going to quit working, you can set a monthly allowance aside to start establishing a household repair fund. Just don’t touch the account or when you really need it, you’ll find it’s not there for you.

So hopefully this information will help you budged accordingly when planning to make that big step and buy a house.

- 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.

"New home never been lived in!"

• 6 Bedrooms
• 4.5 Bathrooms
• 2 Fireplace's
• 3629 Square Feet
• Year Built: 1979

VIRTUAL TOUR

New home never been lived in! Year built says 1979 because the owners left one wall standing, actual completion date was 2010. If you need further information call listing agent. Top of the line through-out. A must see!

PRICE: $2,075,000

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.

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

1565 Pine Cone

Bed: 3
Bath: 2
Year: 1976
Sq. Ft.: 1536

Price: $2,749,000

VIRTUAL TOUR 

Listing Agent:
Nevada Metherd

PRESTIGIOUS Pine Cone Cr. VALUE IN LAND. Owners have gated wide sandy beach,share the pier,have own buoys, dive plat form. Charming mtn st. New custom homes.BUILD HERE! Quiet area. OK walk lot.

714 Mays Blvd.

Bed: 3
Bath: 3
Year: 1997
Sq. Ft.: 3983

Price: $1,750,000

 VIRTUAL TOUR

Listing Agent:
Peg Augustus

Stunning home just 1 block from Burnt Cedar Beach. Huge living rm, 3 fireplaces, cathedral ceilings, family room, large office. Chef's kitchen w/ granite counters,wood flr, double ovens. Master on main level w/FP. Beautiful yard,2 big decks, hot tub.

123 Juanita Dr.

Bed: 3
Bath: 2
Year: 1971
Sq. Ft.: 1168

Price: $459,900

Listing Agent:
Carole Madrid

GORGEOUS remodel with top of line finishes. Cathedral ceilings w/skylights. Best location in complex. HOA pool. A must see!

121 Juanita Dr.

Bed: 1
Bath: 1
Year: 1971
Sq. Ft.: 792

Price: $329,000

Listing Agent:
Carole Madrid

BEAUTIFUL designer remodeled lower unit in one of Incline's premiere developments! Slate floors, alder finishes and granite counters. Best location and great rental history ! Walking distance to Incline Beaches. A must see!

501 Lakeshore Blvd.

Bed: 3
Bath: 2.5
Year: 1970
Sq. Ft.: 2319

Price: $1,395,000

Listing Agent:
Lana Nelson  

Best of the back-row lake views! Positioned between 2 front units.High end state of the art remodel! Family/Game RM/wetbar. Luxurious Kit & Baths. Private HOA Pier & assigned buoy New roof& siding in 2012.

908 Harold

Bed: 2
Bath: 2
Year: 1981
Sq. Ft.: 1452

Price: $309,000

Listing Agent:
Carole Madrid

SHORT SALE - end unit in Fairway Pines!

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.

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 in the past month. 

571 Putter Ct. 

Bed: 4
Bath: 4.5
Year Built: 1987
Sq. Ft.: 5612

Days on Market: 956
Sold Date: 11/28/2011
Sold Price: $1,500,000

Selling Agent:
Chris & Patti Plastiras

200 Village Blvd.

Bed: 3
Bath: 2
Year Built: 2005
Sq. Ft.: 2562

Days on Market: 136
Sold Date: 12/07/2011
Sold Price: $512,000

Selling Agent:
Lana Nelson  

702 College Dr. 

Bed: 3
Bath: 2.5
Year Built: 1940
Sq. Ft.: 1312

Days on Market: 99
Sold Date: 12/21/2011
Sold Price: $248,000

Selling Agent:
Pam Fernandez

700 College Dr.

Bed: 3
Bath: 2
Year Built: 1978
Sq. Ft.: 1120

Days on Market: 218
Sold Date: 12/20/2011
Sold Price: $248,000

Listing Agent:
Pam Fernandez

121 Juanita Dr.

Bed: 1
Bath: 1
Year Built: 1971
Sq. Ft.: 750

Days on Market: 137
Sold Date: 11/15/2011
Sold Price: $250,000

Listing Agent:
Carole Madrid

931 Incline Way

Bed: 2
Bath: 2
Year Built: 1989
Sq. Ft.: 1111

Days on Market: 147
Sold Date: 12/29/2011
Sold Price: $350,000

Listing Agent:
Patricia Lantz

400 Fairview Blvd. 

Bed: 2
Bath: 2
Year Built: 1985
Sq. Ft.: 1188

Days on Market: 161
Sold Date: 11/22/2011
Sold Price: $356,000

Selling Agent:
Yvette Shipman

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.

"Lakefront Condo"

• 2 Bedrooms
• 2 Bathrooms
• 1 Fireplace
• 1708 Square Feet
• Year Built: 1964

VIRTUAL TOUR

Lakefront condo! Unobstructed views of Lake Tahoe! End unit, remodeled. Complex has common beach, boat dock/Pier. Complex rarely on the market and one of the few with a beautiful sandy beach! Must See! Easy to show.

PRICE: $1,525,000

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.