real estate: A Glance at the South Lake Tahoe, CA real estate home values right now. - 12/14/11 05:11 AM
A 17.3% decline in the South Lake Tahoe, CA median sold price over the last 365-days.
(Lake Tahoe Real Estate Blog / December 12, 2011 / Richard Bolen)
At present the South Lake Tahoe, CA median sold price is $231,500. This is based on all sales in the last 180-days, with the Tahoe Keys not included. If the Tahoe Keys were included, the median sold price over the same time frame is $250,000. In other words the Tahoe Keys skews the South Lake Tahoe median sold price upward by $18,500, or 7.4%.
Over the last 90-days, the South Lake Tahoe, CA … (0 comments)

real estate: Yep, the Lake Tahoe Real Estate Blog is a Television Reporter Now - 05/10/11 04:46 PM
Real Estate Central on Lake Tahoe Television, that's us! (Lake Tahoe Real Estate Blog / May 3, 2011 / Richard Bolen)
We can't tell you how honored and thrilled we are about this new important development for us and your Lake Tahoe Real Estate Blog.
Being honored like this, to become the on-air broadcast reporters for Lake Tahoe Television (Cable Channel 12) is something that came out of our last real estate seminar, and we think it's an important additional means for the public to get information about South Lake Tahoe that is accurate, agenda and rumor free, and consistent.
As … (0 comments)

real estate: South Lake Tahoe Real Estate Listings Update: Lake Village, NV - 04/27/11 11:11 AM

Current Real Estate Activity: Lake Village townhomes & condominiums, Stateline, NV area of South Lake Tahoe. (Lake Tahoe Real Estate Blog / April 22, 2011 / Richard Bolen)
We’ve just updated all  Lake Village  (NV) townhomes and condominium real estate activity in the Stateline, NV area of South Lake Tahoe, including all 2010 sales, current escrow and all active listings. Please note “Lake  Village  (NV)” found in our left sidebar.
Set amid a gentle alpine hillside forest, Lake Village is a quiet, sedate, well-planned, highly desirable condominium / townhome community. Properties range from affordable townhouses to large, vaulted ceiling, lake-view … (0 comments)

real estate: Jobs Report continues in right direction for us all… and South Lake Tahoe too - 03/26/11 06:55 AM

The key to growth in South Lake Tahoe real estate prices is national employment. (Lake Tahoe Real Estate Blog / March 24, 2011 / Richard Bolen)
Fewer people applied for unemployment benefits last week, adding to evidence that layoffs are slowing and employers may be stepping up hiring. As we have consistently reported for some time, we think employment health is the key to better housing industry health, both here in South Lake Tahoe and the nation as a whole.
Here's some bullet points from today's Associated Press article:
This the fourth decline in five weeks lowered the four-week average. … (0 comments)

real estate: Lake Tahoe Real Estate Blog: Seminar Pt 1, The Successful vs the Professional Seller - 03/25/11 10:20 AM
Being the Professional South Lake Tahoe Home Seller… costs you money every time! (Lake Tahoe Real Estate Blog / March 22, 2011 / Richard Bolen)
While distressed property sales can have a negative price effect on home values in a neighborhood, there is little of that here in South Lake Tahoe.  This is because our neighborhoods are non-conforming, which means houses throughout are not similar.
The economic principle of contribution, which is the effect of a sale on nearby properties, is ruled by the principle of conformity. The segment here from our South Lake Tahoe real estate seminar talks about this, … (0 comments)

real estate: South Lake Tahoe, CA Distressed Property Listings by Month - 01/28/11 05:56 AM

No “Foreclosure Deluge” in South Lake Tahoe, CA… Yet! (Lake Tahoe Real Estate Blog / January 26, 2011 / Richard Bolen)
Here’s an update of all South Lake Tahoe, CA home listings by month since Jan 1, 2010. The purpose this study is to detect any increases in foreclosure listings, and to see if there have been any notable changes in traditional home listing patterns.
The subtext of this, of course, is to determine if the sky is falling, which is the basis of much reported assertions and predictions of a foreclosure deluge that is sure to come. We have … (0 comments)

real estate: The One Thing Every South Lake Tahoe Home Seller and Buyer Must Know. - 10/08/10 07:16 AM
Good Grief might have something to do with it!
(Lake Tahoe Real Estate Blog / October 6, 2010 / Richard Bolen)
We’ve thought about this for a while, and there’s just no way to dance around it. The South Lake Tahoe, CA real estate market, the sooner one accepts a truism or two about it, well… the happier, and more successful one will be with it.
Our take on the market is it is what it is. It is not a good nor a bad real estate market; it is the market we have. That is always the case at … (0 comments)

real estate: 1125 Craig: A South Lake Tahoe, CA listing… in a private park setting. - 09/17/10 12:31 PM
The House, the Yard, and Everything about 1125 Craig in South Lake Tahoe, CA  is Exquisite. (Lake Tahoe Real Estate Blog / Sept 13, 2010 / Richard Bolen)
We’re really happy to represent this one. Like other listings we’ve done blog posts about, this one is special. Very special.
The MLS : Here’s what we say about 1125 Craig on the multiple listing service: Stunning Custom Home… in an even more stunning private-park-like setting. Everything possible has been thought of in this mastercrafted masterpiece. Majestic great room vaulted beam ceiling, a Viking Range to die for, granite, stone fireplace, central-floor … (0 comments)

real estate: South Lake Tahoe, CA Homes on Market Today - 09/17/10 12:22 PM
Value and Price varies throughout South Lake Tahoe (Lake Tahoe Real Estate Blog / September 13, 2010 / Richard Bolen)
This is a new chart, and we thought it would be an interesting way to give you a look at a glimpse at all homes in South Lake Tahoe, CA that are on the market for sale today.
Note each column gives a different look at the market, from everything to all short sales and bank owned properties.
One thing that’s interesting is there are more homes in escrow right now than we’ve seen in the last 3 plus years.
Another … (0 comments)

real estate: US Home Prices Up… so What about South Lake Tahoe? - 09/02/10 08:32 AM

South Lake Tahoe, CA home prices stable for last 11 months… but have declined by 36% since market high. (Lake Tahoe Real Estate Blog / August 31, 2010 / Richard Bolen)
Today’s somewhat better national housing news comes via various media outlets, and it is based on the current Standard & Poor’s / Case-Shiller 20-city home price index released this morning. Here we’ll focus on what the Associated Press and has to say, then we’ll compare to South Lake Tahoe.
First here’s a synthesis of the bullet points in today’s real estate news: Home prices gain 3.6% in the … (0 comments)

real estate: South Lake Tahoe Real Estate News: We’re Only Talking about 7 Home Sales! - 08/27/10 06:57 AM
Amid all the national news hoopla, 2010 South Lake Tahoe, CA Home Sales are up 48.3% (Lake Tahoe Real Estate Blog / August 25, 2010 / Richard Bolen)
As soon as we heard yesterday’s news about the US decline in July existing home sales, we knew what was coming. That’s why we immediately crunched numbers, looked at the data, and compared the national report to what’s what here in South Lake Tahoe right now (here).
Regardless of the differences in a national report and current South Lake Tahoe reality, we knew a media barrage was coming, and that it would impact … (0 comments)

real estate: South Lake Tahoe, CA Real Estate News: Pioneer Trail - 08/04/10 10:48 AM
Pioneer Trail neighborhood, South Lake Tahoe, CA: Current Real Estate Activity. (Lake Tahoe Real Estate Blog / August 2, 2010 / Richard Bolen)
We’ve just updated all Pioneer Trail neighborhood real estate activity in South Lake Tahoe, including all 2010 sales, current escrow and all active listings. Please note “Pioneer Trail (CA)” found in our left sidebar.
2010  Pioneer Trail single family home sales, here.
Current Pioneer Trail, South Lake Tahoe single family homes in escrow, here.
Current Pioneer Trail, South Lake Tahoe single family homes listed, here.
Also note that we have added information about distressed sales to our reports … (0 comments)

real estate: The South Lake Tahoe Neighborhood Know-it-All - 08/01/10 06:39 AM
What to do with the Neighborhood Seer who knows the South Lake Tahoe Real Estate Market Better Than Anybody. (Lake Tahoe Real Estate Blog / July 30, 2010 / Richard Bolen)
We all have one of these, the neighborhood Seer, and this certainly includes every Buyer and Seller too.
This is the real estate know it all, that one, ever present pontificator who knows what you should do with a South Lake Tahoe house better than anybody.
How to Drum up the SEER: The question is not how does one find him, the neighborhood Seer will find you.
The bait to … (0 comments)

real estate: Bunny Arrested for beating Home Buyers Senseless - 07/22/10 07:56 AM

The Sgt. Should Never Have Mentioned Real Estate (Lake Tahoe Real Estate Blog / July 20, 2010 / Richard Bolen)
“So why did you do it,” Sgt. Fleagle bellowed from the police desk at the pink rabbit that stood before him defiantly. “Do what?”, retorted the rabbit incredulously.
“Commit assault and battery on those Buyers,” Fleagle growled past his grimaced teeth. “It was assault with a battery,” said the rabbit insolently.
“Listen here, you sunburned speed freak cottontail, this isn’t the first time you’ve been in here for beating buyers over the head!”, the police sergeant demanded, “we’re going to … (0 comments)

real estate: The Price Range of South Lake Tahoe, CA Foreclosures - 07/06/10 11:49 AM
52.5% of all South Lake Tahoe, CA Distressed Property Sales are under $300,000.
(Lake Tahoe Real Estate Blog / July 5, 2010 / Richard Bolen)As we frequently discuss distressed properties is a term that includes both bank owned homes (REOs) or short sales. At present 51.5% of all 2010 South Lake Tahoe, CA 2010 single family home sales are distressed properties.
With half of South Lake Tahoe 2010 real estate activity behind us, certain trends appear to have formed. It seems likely that we will see an increase in distressed property sales this year over last year. We are also seeing … (0 comments)

real estate: South Lake Tahoe Foreclosures... No Change Yet. - 07/03/10 10:18 AM
So, where is the predicted foreclosure deluge anyway?
(Lake Tahoe Real Estate Blog / July 1, 2010 / Richard Bolen) The bottom line is this, there may be a lot of new foreclosures coming, but we have seen no evidence of such here in South Lake Tahoe... yet.
We've all heard about it, read about it; a certain set of U.S. economists are rife with, well... a mindset of more foreclosures coming. A lot of them. Predictions well into the millions!
These predictions come with stats and figures to support their positions, and the economists making them warn of a "shadow … (0 comments)

real estate: Would You Believe the Cheapest Mortgages in a Half Century? - 07/03/10 09:51 AM

The Lowest Mortgage Interest Rates since the 1950's!
(Lake Tahoe Real Estate Blog / June 26, 2010 / Richard Bolen)
Yep, and it's rather astounding when taking it all in. But the Associated Press article adds "if only most people had the job security, the credit score and the cash to qualify."
Taking that into consideration as it relates to South Lake Tahoe, though, is the key characteristic of the second-home resort home buyer; they are overqualified financially, here. (this is an older post, but second home buyer characteristics are conceptually the same now as they were then.)
We would … (1 comments)

real estate: If Some Banks are Gearing up for Loans, what do You Think it Means? - 07/03/10 09:44 AM
Several U.S. banks are gearing up for future mortgage lending.
(Lake Tahoe Real Estate Blog / June 25, 2010 / Richard Bolen)
This comes via, and we like it's subtext: banks are getting ready for a significant increase in mortgage lending, and some are hiring hundreds of new loan originators for it.
The article cautions that this is occurring even though U.S. new homes sales were at a historical low in May and the housing market in general is in the "doldrums."
As this sobering statement relates to South Lake Tahoe, CA however... well, here it's different. We are seeing … (2 comments)

real estate: Are We Seeing Any Changes in South Lake Tahoe, CA Home Values? - 07/02/10 08:19 AM

Have South Lake Tahoe, CA home values flattened?
(Lake Tahoe Real Estate Blog / June 18, 2010 / Richard Bolen)
We know the chart below is a prodigious one, but it tracks the South Lake Tahoe, CA median sold price since we started this real estate blog more than three years ago.
Back then, in April 2007, the median sold price of homes sold in South Lake Tahoe, CA was $465,150.
As of this morning it is $306,500. What this means is there has been an overall decline in the South Lake Tahoe, CA median sold price of $158,650 in … (0 comments)

real estate: Selling a House for Dummies - 10/31/07 04:56 AM
A Home Sales Primer (LAKE TAHOE REAL ESTATE BLOG) We could write a book on this one. Others have. So we thought we go back to the basics, to discuss selling a house in it’s broadest and simplest form. Sometimes going back to square one helps bring back focus to us and all involved.
There are normally two opposing and one facilitating economic forces for every home sale:
A Seller (one force)A Buyer (opposing force)Two Real Estate Agents (facilitating force) THE SELLER: We’ll do Seller basics here, with those for the Buyer and the Real Estate Agents to follow: Seller’s Goals: … (6 comments)

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Gary Bolen

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