Nevada East Shore Condominiums

Lake Village Nevada

Condominium owners on the Nevada East Shore had a good year.  The median sales price of the 99 units sold in 2018 increased 17% to $439,000.  The majority of sales occurred in the Villages located at the top of the Kingsbury Grade.  While Lake Village had a significant decline in sales this year, Pinewild doubled the number of units sold in 2018.  Average days on market also declined significantly to 103 days.

National Radon Action Month

Radon

January is National Radon Action Month.  The University of Nevada Cooperative Extension’s Radon Education Program is offering free short-term radon test kits.

Radon is a naturally occurring, radioactive gas that is colorless, odorless and tasteless.  It rises from the ground, accumulates in homes, and can raise your risk of lung cancer.   A simple three-day test kit will be available at the Douglas County Cooperative Extension offices from January 2nd through February 28th.  They are located at 1325 Waterloo Ln at Gardnerville .

SnowGlobe – South Lake Tahoe

snowglobe

The eighth annual SnowGlobe will get underway Saturday.  The three-day electronic music festival brings more than 40 acts and thousands of event-goers to South Lake Tahoe each year.

The event is held at the community ball fields near Lake Tahoe Community College.  Al Tahoe Boulevard will be closed to through traffic starting one hour before the start of the festival and finishing one hour after the festival each evening.

The annual SnowGlobe Music Festival was acquired by MTV last month.  “SnowGlobe stands out with a unique mix of music, sports, and art that makes it a favorite among artists and its growing audience,” Chris McCarthy, president of MTV, said in a statement.

This year’s lineup includes Above & Beyond, Diplo, Eric Prydz, Rezz and RL Grime headlining among more than 40 artists.  SnowGlobe will also showcase extreme winter sports demonstrations.

LimeBike Electric Scooters

limescooter

LimeBike electric scooter controversy last summer should be diminished in 2019.  Those 18 or older are no longer required to wear bicycle helmets while riding motorized scooters.  Passage of AB 2989, Flora allows motorized scooters to operate in California within a Class IV and Class II bikeway.   Local jurisdictions may pass ordinances to allow motorized scooters on highways with speed limits up to 35 miles per hour.  It is still illegal to operate a motorized scooter on a sidewalk.

House Hunting?

Couple Talking

Hunting for a house takes time.  When you find that special home you want to be prepared.  Loan pre-approval could make the difference, especially with multiple offers.

What happens after pre-approval?  Don’t open or close any accounts during that time, or take out credit for any other large purchases.  Ask how long the pre-approval will be valid.  Typically, it’s for 60 – 90 days and can be updated as needed.

Don’t forget lender fees and closing costs.  They include origination fees, the cost of writing the loan and prorated items like property taxes.

Shop around for your home loan and interview lenders. Researchers found that a borrower taking out a 30-year fixed rate conventional loan could get rates that vary by more than half a percent. That could translate into saving thousands on your mortgage.  Happy house hunting.

Summit – Tahoe Village Update

The Ridge-Summit Village

Plenty of opportunity awaits those seeking property in the Villages of Lake Tahoe.  So is now the time to buy?  Short term rentals will be revoked within the city of South Lake Tahoe in 3 years.  Tahoe and Summit Villages may be a good alternative for you.

Located at the top of the Kingsbury Grade (State Route 207) at Stateline, the Villages are affordable.  Currently condominium prices range from $205,000 to $800,000.  Units can be found with either lake or valley views.  Many have mountain views of Heavenly resort.

There are over 700 condominium units at the Villages.  In addition there are over 600 fractional timeshare units.  Tahoe Village offers owners a seasonal swimming pool and spa.  Summit Village HOA dues include trash, and road snow removal.

In addition Boulder and Stagecoach Lodges are located within the community offering direct access to Heavenly Resort.    Likewise the Tahoe Rim Trail is nearby for hikers and those who snowshoe.

The casino area at Stateline is only 3.5 miles away.  Thus entertainment is just a short drive from the Villages.  Those looking to explore new areas should check out TJ’s Corral at Minden during the summer months.  For example they offer big time entertainment for all ages.  Marshall Tucker, The Oak Ridge Boys and Michael McDonald were recent guests.

Summit Village membership in 2018 voted favorably towards the allowance of short term rentals.  This area is bordered by Kingsbury Grade to the north, Tramway Dr to the east, S. Benjamin Dr to the west and Bonnie Dr to the south.  There are 311 units within this area.

Tahoe Village is located south and includes both ski lodges and the Fox & Hound Smokehouse Grill and Bar.  Fox & Hound is a full restaurant and bar offering progressive video poker, satellite TV’s throughout, and free wi-fi.

In conclusion the Villages offer everything you will need to feel at home.  For more information or to tour area property contact Bob Stiles, Realtor at 530-314-0352.