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  • Dave Westall
  • March 08, 2015 10:17:37 AM

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Lake Tahoe real estate blog providing information on real estate listings, luxury homes, market conditions, Tahoe news and events, music, ski resort information and everything Lake Tahoe.

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SOLD! 1001 Commonwealth Dr. #218

    1001 Commonwealth Dr. #218 Description Congratulations to our clients who just purchased this beautifully remodeled, 1 bedroom, 1 bath,  townhome. This corner unit features a huge loft bedroom for a bonus space, office or overflow sleeping. Recent upgrades include new appliances, quartz countertops with waterfall edge, white oak hardwood floors, updated bathroom, barn […] The post SOLD! 1001 Commonwealth Dr. #218 appeared first on Lake Tahoe Real Estate, Truckee Real...

[See image gallery at www.westallrealestate.com]

 

1001 Commonwealth Dr. #218 Description

Congratulations to our clients who just purchased this beautifully remodeled, 1 bedroom, 1 bath,  townhome. This corner unit features a huge loft bedroom for a bonus space, office or overflow sleeping. Recent upgrades include new appliances, quartz countertops with waterfall edge, white oak hardwood floors, updated bathroom, barn doors, lighting, and built in shelves. Enjoy two decks for outdoor living in the summer months as well as local hiking & biking trails located right outside the front door. HOA Amenities include a pool, tennis courts, bocce ball courts & more. We know our client will make many memories in this beautiful home!
 

Kings Beach Neighborhood Description

Access everything that North Lake Tahoe has to offer from this amazing Kings Beach property located at 1001 Commonwealth Dr. The Casinos just over the State Line at Crystal Bay are just a quick drive away, providing a higher level of entertainment for adults. Enjoy easy access to the Tahoe National Forest for hiking and mountain bike trails. Northstar Ski Resort is located within close proximity offering world-class skiing in the winter months and golfing and mountain biking during the summer months. Kings Beach is an amazing year-round community offering easy access to the lake, delicious restaurants, shopping, hiking & biking and so much more.

1001 Commonwealth Dr. #218 Features

  • Sale Price: $498,000
  • List Price: $535,000
  • Corner unit
  • 1 Bedroom, 1 Bathroom, Large Loft
  • 979 Square Feet
  • Beautifully remodeled throughout
  • Walk to hiking and biking trails
  • HOA Amenities include pool, tennis, bocce ball courts and more
  • MLS# 20221777

Contact Beth Taylor & Dave Westall, Kings Beach Realtors

Are you interested in Lake Tahoe homes for sale ?  Beth Taylor & Dave Westall are your Kings Beach real estate experts and is happy to answer any questions you have about purchasing or selling Lake Tahoe vacation homes. 

The post SOLD! 1001 Commonwealth Dr. #218 appeared first on Lake Tahoe Real Estate, Truckee Real Estate, Tahoe Luxury Properties.


North Lake Tahoe Holiday Events!

The Holidays are here! Find out what the top North Lake Tahoe holiday events are below! It’s the most magical time of year in Lake Tahoe! With cold temps and ski resorts already open, we couldn’t be more excited to celebrate the season! There is a lot going on around the region during this festive […] The post North Lake Tahoe Holiday Events! appeared first on Lake Tahoe Real Estate, Truckee Real Estate, Tahoe Luxury...

The Holidays are here! Find out what the top North Lake Tahoe holiday events are below!

It’s the most magical time of year in Lake Tahoe! With cold temps and ski resorts already open, we couldn’t be more excited to celebrate the season! There is a lot going on around the region during this festive time of year, see our comprehensive list below of the top North Lake Tahoe holiday events and mark your calendars accordingly! 

*We will be adding more events and event updates as more information becomes available. All events are subject to change. 

Downtown Holiday Festival and Bud Fish Tree
Lighting
North lake tahoe holiday events

Where: Downtown Truckee
When: Friday, Nov 18th
Celebrate the Holidays in Historic Downtown Truckee! Enjoy a festive kick-off to the holidays with tree decorating, hot cocoa, holiday songs, photos with Santa and much more! The night culminates in the lighting of the traditional Bud Fish Tree Lighting Ceremony in remembrance of this beloved Truckee community member. More Information

Santa Visits + Tree Lighting CeremonyNorth lake Tahoe holiday events

Where: The Village at Palisades Tahoe
When: Friday, November 25th, 12pm – 5pm
The most festive winter holidays are just around the corner, and all of this early November snow has us excited for Christmastime. Get into the holiday spirit in The Village at Palisades Tahoe on Friday, November 25th. Enjoy a full afternoon of exciting events and activities that will be great for all ages. This event is totally free, and all are welcome to join. More Information

Magical Memories at the Resort at Squaw Creek North Lake tahoe holiday events

Where: The Resort at Squaw Creek
When: Dates TBD
Experience the magic of the holiday season at the Resort at Squaw Creek! There is truly something for everyone to enjoy during this grand celebration. Kick-off the season at the Grand Tree Lighting Ceremony and enjoy an abundance of events, shopping, family activities and so much more throughout this magical time.  More information

North Lake Tahoe Holiday Events

Tahoe City Holiday Hop – Small Business Saturday

Where: Downtown Tahoe City
When: November 30th | 12pm – 5pm
Kick off the holiday season in style at the Tahoe City Holiday Hop! Stroll through the local stores and begin your holiday shopping while enjoying wine, snacks, good cheer, and festive surroundings at Tahoe City Businesses.  More Information

Light Up The NightNorth Lake Tahoe Holiday Events

Where: The Lodge at Tahoe Donner
When: November 26th | 6pm – 7pm
There’s no better way to welcome in winter than with a little magic and merriment. Bundle up in your warmest coat and join your neighbors and friends for Tahoe Donner’s annual tree lighting ceremony. A community classic, the evening’s festivities include musical performances from a local choir, hot cocoa and cider to warm the body and soul, wine and beer for added cheer, and a very special visit from the man himself, Santa Claus! Tickets go on sale November 16th at 9am.   More Information

Farmers + Makers Holiday Block Partynorth lake tahoe holiday events

Where: Tahoe Food Hub
When: December 15th, 4pm
The Second Annual Holiday Block Party is Thursday, December 15th from 4-8pm. Mark your calendars and enjoy friends from the Truckee Roundhouse and Sierra Community House for an evening full of holiday cheer, local food, drinks, and crafts! More Information

North Lake Tahoe Holiday Events 2018 | Northstar Noel Nights

Noel Nights

Where: Northstar California
When: Dates TBD
Head to The Village at Northstar for one of the most celebrated holiday traditions of the Tahoe region! Noel Nights invites families and friends to partake in classic holiday festivities for the first three weeks in December. During Noel Nights The Village at Northstar transforms into a winter wonderland featuring live music, ice skating, face painting, activities and Santa Clause!  More information

Tahoe Nutcracker 2022North lake tahoe holiday events

Where:  North Tahoe High School 
When: December 16th, 17th & 18th 
The Lake Tahoe Dance Collective brings you the Tahoe Nutcracker! Do not miss this incredible performance! This is a fantastic event for kids and adults alike. More Information

 

Contact Dave Westall, Lake Tahoe Realtor

If you have questions about North Lake Tahoe Events, feel free to contact me.  Dave Westall is your Tahoe Real Estate expert and is happy to answer any questions you have.  Contact Dave at (530) 448-9882 or David@WestallRealEstate.com.

 

 

 

The post North Lake Tahoe Holiday Events! appeared first on Lake Tahoe Real Estate, Truckee Real Estate, Tahoe Luxury Properties.


SOLD! 10278 High St.

SOLD! 10278 High St. Truckee, CA 96161 Congratulations to our clients who just sold their desirable desirable duplex income property located at 10278 High St. in Downtown Truckee.  Offering a sunny south facing orientation and panoramic views, this property is perched just above downtown Truckee offering close proximity to shops, restaurants, employment centers, and transportation. […] The post SOLD! 10278 High St. appeared first on Lake Tahoe Real Estate, Truckee Real Estate, Tahoe...

SOLD! 10278 High St. Truckee, CA 96161

[See image gallery at www.westallrealestate.com] Congratulations to our clients who just sold their desirable desirable duplex income property located at 10278 High St. in Downtown Truckee.  Offering a sunny south facing orientation and panoramic views, this property is perched just above downtown Truckee offering close proximity to shops, restaurants, employment centers, and transportation. Unit 1 is on the upper level and offers panoramic views, 2 bedrooms, 1 bathroom, and laundry. Unit 2 is located on the lower level and offers 1 bedroom, 1 bathroom, laundry and a 1-car garage. There is a detached outbuilding on concrete slab with electricity that could potentially be converted into a junior ADU, office or a storage unit. We were honored to help our clients achieve their real estate goals and know the new owners will enjoy this property for years to come! 

Downtown Truckee Location

Downtown Truckee is one of the best Tahoe locations to own an income property due to high market rents, walkable central location, proximity to employment centers, transportation is readily available and all Tahoe amenities are close by. This vibrant district offers amazing shops, restaurants and bars  and are within walking distance of this duplex property.  The Downtown Truckee Train and Bus Station are located close by offering easy access to Amtrak, TART, and other transportation options. Northstar Resort and Palisades Tahoe are  just a fifteen-minute drive away allowing easy access to some of the region’s best ski resorts. This charming duplex will always be in demand in this bustling ski town.

10278 High St. Features

  • Sale Price: $760,000
  • List Price $799,000
  • Unit 1 offers 2 bed, 1 bath with laundry (Market Rent $2,400 – $2,800)
  • Unit 2 offers 1 bed, 1 bath with laundry & 1-car garage (Market Rent $1,800 – $2,000)
  • Sunny orientation and panoramic views
  • Close proximity to shops, restaurants, employment centers & transportation
  • Detached outbuilding with electricity, perfect for office of possible conversion to ADU
  • MLS#20221452

Contact Dave Westall, Truckee Realtor

Are you interested in Truckee income properties and second homes? Dave Westall is your Truckee Real Estate expert and is happy to answer any questions you have about purchasing or selling luxury homes in Truckee and North Lake Tahoe.

The post SOLD! 10278 High St. appeared first on Lake Tahoe Real Estate, Truckee Real Estate, Tahoe Luxury Properties.


Lake Tahoe Real Estate October 2022 Market Report

Tahoe Real Estate Posts Lowest Number of Sales Since 2008 With mortgage interest rates hovering around 7%, an aggressive Fed battling inflation, and a barrage of negative news flooding our screens, it’s no wonder the North Lake Tahoe, CA real estate market has seen a significant volume slowdown since 2021. In the last 16 years, […] The post Lake Tahoe Real Estate October 2022 Market Report appeared first on Lake Tahoe Real Estate, Truckee Real Estate, Tahoe Luxury...

Tahoe Real Estate Posts Lowest Number of Sales Since 2008

With mortgage interest rates hovering around 7%, an aggressive Fed battling inflation, and a barrage of negative news flooding our screens, it’s no wonder the North Lake Tahoe, CA real estate market has seen a significant volume slowdown since 2021. In the last 16 years, we have only had 1 other year where only 68 homes traded hands in October and that year was 2008 as we entered the “Great Recession.”

October Dollar Volume Equal to 2021 with 26% Fewer Sales

On a more positive note, October 2022 posted almost the exact same dollar volume as October 2021, with $129M in sales for the month. This is amazing, as we achieved this feat with 26% fewer sales. This was made possible as 70% of the sales that took place in October 2022 were priced over $1M, which is astounding. We also saw a $12M Martis Camp estate trade hands in October 2022, whereas the highest sale a year earlier was only $6.1M. It’s remarkable to achieve this level of dollar volume while having a significant decrease in the number of homes sold year over year.

Although the number of sales in October is off significantly, pricing remains on an upward trajectory in October 2022, and currently, sales volume is outpacing the number of new listings. With recent sales outpacing listing volume, the Tahoe market is showing its resilience. In the sales chart below, I added a moving average trendline to the median home price, which shows consistent appreciation in the market since 2012.

Since 2019 (pre-pandemic), the median home price is up 71%, and although we are off from the record market stats of 2021, the market remains on solid footing. My analysis shows that the Tahoe real estate market is not crashing. Instead, the velocity of the market has slowed significantly, but demand is outpacing supply which has kept upward pressure on pricing.

Tahoe Sellers Are Waiting on the Sideline 

A majority of Lake Tahoe homeowners have significant equity and enjoy the utility that their homes provide. If an owner has a loan, it is typically a smaller loan at a favorable interest rate. For these reasons, sellers are not motivated to sell and are happy to enjoy their vacation homes until market conditions improve. Getting owners to part with their properties has become increasingly challenging over the last few years, which has helped with market stabilization.

Year over Year Market Conditions and Value Trends

October 2022 Statistics

  • 68 Single-Family Home Sales Down 26%
  • Marketing Time: 27 Days Down 7%
  • List to Sold Ratio: 98% Down 4%
  • Total Sales Volume: $129M Even
  • Average Price: $1.89M Up 36%
  • Median Price: $1.22M Up 10%
  • 0 REO & Short Sales Even
  • 1 Sale Below $500K Down 75%
  • 40 Sales over $1M Down 33%
  • 10 Sales over $3M Up 25%
  • High Sale Price: $12M Up 97%
  • Low Sale Price: $485K Up 45%

October 2021 Statistics

  • 92 Single-Family Home Sales
  • Marketing Time: 29 Days
  • List to Sold Ratio: 102%
  • Total Sales Volume: $129M
  • Average Price: $1.39M
  • Median Price: $1.1M
  • 0 REO & Short Sales
  • 4 Sales Below $500K
  • 60 Sales over $1M
  • 8 Sales over $3M
  • High Sale Price: $6.1M
  • Low Sale Price: $335K

Lake Tahoe Real Estate October 2022 Market Report Sales Chart

Lake Tahoe Real Estate October 2022 Market Report - Sales Chart

Lake Tahoe Real Estate October 2022 Sales Volume Chart

Lake Tahoe Real Estate October 2022 Market Report - Sales Volume Chart

*North Lake Tahoe, CA and Truckee Single-Family Home sales including lakefronts. Data is taken from the Tahoe-Sierra Board of Realtors, MLS Areas 1-9.

Absorption Rate: 2.1 Months of Inventory = Seller’s Market

The term absorption rate refers to a metric used in a specific real estate market to evaluate the rate at which available homes are sold during a given period of time. Here are the metrics and absorption rate for the North Lake Tahoe, CA and Truckee real estate market.

Absorption Rate (single-family homes)

  • 606 Sales in the Last 6 Months
  • 101 Sales per Month
  • 3.36 Sales Per Day
  • 210 Current Active Listings
  • 210 Listings / 100 Sales Per Month = 2.1 Months of Inventory = Seller’s Market
    • 1 to 3 Month Supply of Inventory = Seller’s Market
    • 4- 6 Months of Inventory = Balanced Market
    • 6+ Months of Inventory = Buyer’s Market

Currently, there are 68 pending homes in escrow with an average list price of $1.8M and a median price of $1.1, which shows minor softening from September to October. This could be related to the sever lack of inventory, seasonal market shifts, or it could be the start of a trend. We will have to see what happens in November for confirmation and further analysis.

The Absorption Rate Improved in October 2022

With only 2.1 months of inventory (homes for sale), the advantage has shifted from market stabilization to a slight lean to the seller’s advantage. Although the number of active buyers in the market is down year over year, housing inventory is highly constrained, so home pricing remains relatively stable. In a more typical market, we would be in a strong sellers market with 2.1 months of inventory, but in the current market that is plagued by fear, uncertainty and doubt, having less than 3 months of inventory has characteristics resembling a more stabilized market.

The Current Market Provides Opportunity for Buyers and Sellers Alike

The first month of Q4  saw fewer sales taking place than last year due to lower buyer demand, yet inventory levels remain historically low, which has led to stabilized market conditions with a slight lean towards the sellers. Buyers remain excited about newer homes, updated homes, and properties located within desirable communities. Inversely, older/dated homes with differed maintenance issues are taking longer to sell as the market is timid when purchasing homes that need significant improvements, even if priced well within the market segment. The best-priced homes are moving quickly, while other listings tend to linger on the market, often requiring price reductions and deeper negotiations to get a sale done.

The dramatic market conditions of the “COVID Years” have subsided and although the Tahoe real estate market has slowed, it remains on sound footing, creating opportunities for buyers and sellers alike. We have entered a new chapter where fewer buyers exist in the market, housing inventory is constrained, and home prices have stabilized. At this point, it is apparent that we are not going to see above-average inventory increases, which will keep pricing stable as we navigate the 4th quarter of 2022.

Lake Tahoe Real Estate Market Report Archive

View All Tahoe Real Estate Market Reports
October 2021 Real Estate Market Report
October 2020 Real Estate Market Report 

Contact Dave Westall – Lake Tahoe Real Estate Agent

As the premier Tahoe Realtor, I’m here to help, provide insight, and help you achieve your real estate goals. Let’s schedule a Zoom meeting to chat and discuss how I can be of assistance.

For Lake Tahoe real estate news, property listings, and events Sign up for our Newsletter.

 

 WANT TO KNOW THE VALUE OF YOUR LAKE TAHOE HOME?

The post Lake Tahoe Real Estate October 2022 Market Report appeared first on Lake Tahoe Real Estate, Truckee Real Estate, Tahoe Luxury Properties.


Giving Back to North Lake Tahoe and Truckee

  Giving Back to the North Lake Tahoe & Truckee Communities November is here bringing a time of reflection, gratitude and a strong emphasis on giving back. There are so many wonderful ways of giving back in North Lake Tahoe and Truckee during the holiday months and supporting those in need. The Westall Real Estate […] The post Giving Back to North Lake Tahoe and Truckee appeared first on Lake Tahoe Real Estate, Truckee Real Estate, Tahoe Luxury...

Giving Back to Tahoe Truckee

 

Giving Back to the North Lake Tahoe & Truckee Communities

November is here bringing a time of reflection, gratitude and a strong emphasis on giving back. There are so many wonderful ways of giving back in North Lake Tahoe and Truckee during the holiday months and supporting those in need. The Westall Real Estate team proudly donates 1% of our commission to support the local community and nonprofit organizations all year long as part of our ‘Tahoe For All’ program. While there are so many wonderful nonprofits to donate your time and money to, we have highlighted a few of our favorites that help make the holidays better for everyone in need.  

Sierra Community HouseSierra Community House

The Sierra Community House is a combination of four long-standing social service organizations — Family Resource Center of Truckee, North Tahoe Family Resource Center, Tahoe SAFE Alliance, and Project MANA. Their goal is to better serve our region, share resources, leverage partnerships, and connect individuals and families with the services they need to thrive to build the strength, safety, and resilience of the community. This is a great organization to donate to all year long as it helps so many throughout the community. Learn more

Truckee Community ChristmasTruckee Community Christmas

The Truckee Community Christmas organization is run completely by volunteers and is a non profit 501(c)(3) umbrella organization. This amazing organization coordinates various drives during the holidays to help families in need in the Truckee area. Their board members work with agencies such as the Sierra Community House, Head Start, Nevada County Health, the STEPP program and area schools and churches to provide grocery store gift cards and age-appropriate toys for each child in the family. The senior program provides grocery gift cards to identified low income seniors and to area homebound seniors. All goods provided to recipients are donated by community members. Last year, the organization was able to benefit just under 800 individuals within the community. To find out more about how you can help, visit the Programs and  Volunteer pages.

KidZone Museum

The KidZone Museum is a children’s museum in Truckee, California that serves 30,000 visits annually. Our mission is to inspire learning through creative play and discovery. Our exhibits are optimal for children under 7. Our camps and school programs are designed for children through elementary school. Teenagers can gain important service learning experience through our volunteering at the museum. More Information

Tahoe Truckee Community FoundationGive Back Tahoe

Give Back Tahoe (GBT) brings the community together to remind everyone what the spirit of the holiday season is about! The Give Back Tahoe end of the year campaign raises awareness  to all local nonprofits that support the community. Last year GBT raised $428,821 to serve people, animals and the environment which all contribute to make Tahoe Truckee such a special place.  The Give Back Tahoe 2021 campaign is underway now. Find out more here

 

 

Please contact us more information on giving back in North Tahoe and Truckee community. We are here to help in any way we can. 

 

 

The post Giving Back to North Lake Tahoe and Truckee appeared first on Lake Tahoe Real Estate, Truckee Real Estate, Tahoe Luxury Properties.


SOLD! 9842 North Lake Blvd.

SOLD! 9842 North Lake Blvd.    9842 North Lake Blvd. | Kings Beach, CA Congratulations to our clients on the sale of 9842 North Lake Blvd!  This tastefully updated 3 bed, 2 bath Tahoe cabin located within close proximity to Speedboat Beach and all Crystal Bay amenities. The sunny, south facing back deck is perfect […] The post SOLD! 9842 North Lake Blvd. appeared first on Lake Tahoe Real Estate, Truckee Real Estate, Tahoe Luxury...

SOLD! 9842 North Lake Blvd. 

[See image gallery at www.westallrealestate.com]

 

9842 North Lake Blvd. | Kings Beach, CA

Congratulations to our clients on the sale of 9842 North Lake Blvd!  This tastefully updated 3 bed, 2 bath Tahoe cabin located within close proximity to Speedboat Beach and all Crystal Bay amenities. The sunny, south facing back deck is perfect for entertaining offering filtered lake views, dining area and hot-tub. The interior has a modern Tahoe aesthetic anchored by a gas fireplace and custom stone hearth in the living room. The kitchen and baths are nicely updated, warm and inviting. This is a wonderful house for entertaining guests and spending time in the mountains with friends and family. We hope the new owners enjoy this property for years to come!
 

Kings Beach Neighborhood Description

Access everything that North Lake Tahoe has to offer from this amazing Kings Beach property located at 9842 North Lake Blvd. Located within walking distance to Speedboat Beach, which is arguably one of the best beaches on the N Shore, this cabin is the ultimate Tahoe getaway. The Casinos just over the State Line at Crystal Bay are walking distance, providing a higher level of entertainment for adults. Enjoy easy access to the Tahoe National Forest for hiking and mountain bike trails. Northstar Ski Resort is located within close proximity offering world-class skiing in the winter months and golfing and mountain biking during the summer months. Kings Beach is an amazing year-round community offering easy access to the lake, delicious restaurants, shopping, hiking & biking and so much more.

9842 North Lake Blvd. Features

  • Sale Price: $919,000
  • List Price: $879,000
  • 3 bedrooms, 2 bathrooms
  • 1,296 square feet
  • Tastefully updated throughout
  • Sunny south facing back deck with filtered lake views
  • Hot-Tub
  • Gas fireplace and custom stone hearth
  • Updated kitchen w/ Stainless Steel Appliances
  • Perfect entertaining house
  • MLS# 20221491

Contact Dave Westall, Kings Beach Realtor

Are you interested in Lake Tahoe homes for sale ?  Dave Westall is your Kings Beach real estate expert and is happy to answer any questions you have about purchasing or selling Lake Tahoe vacation homes. 

The post SOLD! 9842 North Lake Blvd. appeared first on Lake Tahoe Real Estate, Truckee Real Estate, Tahoe Luxury Properties.


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