6750 North Lake Boulevard
October 28, 2008
Great Buy just got Better
Seller will finance with qualified buyer and 30% down. This is an incredible opportunity for someone to enjoy a beautifull 3 bedroom, 3 1/2 bath condo for guaranteed 6 weeks a year right on the sandy beach of Lake Tahoe. Tonopalo is an exclusive condo project that has it all and you can enjoy owning lakefront property at a fraction of normal cost. Seller paid $700,000 and will sell it for $555,000. Run, don’t walk.
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Walk right onto the beach from this beautiful ground level lakefront unit. Outstanding amenities, owner club house features fitness, game, video, large sitting room, and library. Pool, hot tub, fire pit, barbeque and 270 feet of sandy beach, kayaks, sailboats, along with a pier and 12 buoy’s! Not to worry, if you don’t have your own boat, you can make use of the 26 ft Formula speed boat equipped with driver!! 1/7 share=6 weeks a year+ unlimited space available use. Tonopalo is pet friendly too! Click on the link for a Virtual Tour.
Tahoe Truckee Weekly Sales Update
October 26, 2008
Here is a sales graph for the Tahoe Truckee area for the week of October 19-26, 2008.
| AREA | Current homes/ condos | Low | High | Avg. | Median | Avg. days listed | SFR Pend-ing | Sold SFR | |
| Tahoe Donner | 163 | 23 | $359K | $4.2 mil. | $985,345 | $859K | 135 | 20 | 4 |
| Sierra Meadows/ Prosser | 47 | 1 | $330K | $4.5 mil. | $724,625 | $597K | 121 | 5 | 0 |
| Lahanton | 32 | 0 | $1,549K | $7,950K | $3,182,515 | $2,962,500 | 277 | 0 | 1 |
| Gray’s Crossing/ Old Green. | 34 | 5 | $1,079K | $3,995K | $1,905,147 | $1,772,500 | 166 | 1 | 0 |
| Northstar | 37 | 65 | $749K | $4,950K | $1,606,243 | $1,295,000 | 198 | 1 | 1 |
| Alpine M./ Squaw Vly. | 51 | 88 | $499K | $5,750K | $1,663,990 | $1,149,000 | 188 | 2 | 0 |
| Donner Lake | 45 | 3 | $299K | $3,950K | $1,072,682 | $699,900 | 200 | 0 | 1 |
| Glenshire/ Devonshire | 61 | $275K | $2,499K | $731,591 | $550K | 133 | 6 | 1 | |
| Lake Tahoe North Shore | 175 | 57 | $299K | $10,995K | $1,233,365 | $729K | 185 | 12 | 1 |
| Lake Tahoe West Shore | 144 | 3 | $185K | $31,550K | $2,380,192 | $854,500 | 176 | 3 | 0 |
Tahoe/Truckee Weekly Sales Stats
October 20, 2008
The following is a sales graph for the past week of sales in the Tahoe/Truckee area. The data is taken from our MLS and represents sales from October 13-20, 2008.
| AREA | Current homes/ condos | Low | High | Avg. | Median | Avg. days listed | SFR Pend-ing | Sold SFR | |
| Tahoe Donner | 162 | 23 | $359,900 | $5.5 mil. | $1,010,650 | $849,900 | 133 | 22 | 5 |
| Sierra Meadows/ Prosser | 46 | 1 | $330K | $4.5 mil. | $804,295 | $619,000 | 118 | 3 | 1 |
| Lahanton | 32 | 0 | $1,595K | $7,950K | $3,191,609 | $2,985,000 | 271 | 0 | 0 |
| Gray’s Crossing/ Old Green. | 34 | 5 | $1,089K | $3,995K | $1,938,382 | $1,872,500 | 160 | 0 | 0 |
| Northstar | 38 | 64 | $749K | $4,950K | $1,588,842 | $1,247,000 | 193 | 1 | 0 |
| Alpine M./ Squaw Vly. | 53 | 90 | $499K | $5,750K | $1,635,797 | $1,124,500 | 184 | 1 | 0 |
| Donner Lake | 44 | 2 | $299K | $3,950K | $1,086,038 | $709,450 | 197 | 1 | 0 |
| Glenshire/ Devonshire | 59 | 0 | $275K | $2,499K | $743,188 | $609,000 | 129 | 6 | 0 |
| Lake Tahoe North Shore | 174 | 58 | $299K | $11,995K | $1,226,177 | $609,450 | 182 | 11 | 2 |
| Lake Tahoe West Shore | 145 | 3 | $185K | $34,900K | $2,295,159 | $859,000 | 174 | 3 | 3 |
Now is the Time!
October 1, 2008
With everything happening in our financial world, real estate is still a great investment. The meltdown of the home market has certainly increased the fear and pressure of what and when to buy, but living in Tahoe, the market will eventually go up. For those people who had a steady 12% - 15% increase in value per year over the last 7 - 10 years are still ahead of the meltdown. For those who purchased in the last 2-3 years, you need to buckle down, work harder and plan on at least a five year cycle. The good news is that it is cyclical, all business goes up and down, so “hang in there”.
Now is the time to Buy. If you are even thinking about purchasing in Tahoe, this is the time. Prices are at the lowest that I have seen since moving up here five years ago. Our offices of Truckee, Tahoe City and Squaw Valley have seen an increase in the number of escrows in the last two months. Our number of closed escrows has increased over the previous two quarters. The sale prices are the lowest we have seen. This is a great time for first time buyers.
Having said this, the activity between $800,000 - $1,300,000 has increased as well. There have even been multiple offers on properties in this price range. Properties that are the best value and priced right for the house are selling. Some even with multiple offers.
The weather is beautiful, the colors are bursting and there has never been a better time to invest, primary or vacation, this is the time.
