89448 Update for October 2019

REAL ESTATE UPDATE LAKE TAHOE

Days on market in October increased by 10% from this time last year.  However the total number of sales in the 89448 zip code doubled from 6 last year to 13.  The median price of those sales also increased from $641,500 to $800,000   but this last bit of information really only says that those with lower priced homes decided to sell last year while those with higher priced homes decided to sell this October.  The important figure to note here is the increase in the average days on market.  This typically means a slowdown in the market place however we’ll watch to see what occurs over the next few months.  Please contact me if you have any questions or concerns or would just like to receive a free price analysis of your residence.  Robert Stiles, REALTOR® CHASE INTERNATIONAL  BS.1001136 NV 530-314-0352

330 Seminole Way – Open House

330 Seminole Way 89448

Come this Saturday, Sept 7th to Round Hill and see a gorgeous contemporary style residence. Backing to miles of wooded U.S. Forest Service land, this updated home stands out above the rest. Enjoy the peaceful seclusion of seemingly endless forest views on the new back deck yet you are just minutes from downtown, Heavenly Ski Resort, and the lake.  Contact Robert Stiles, REALTOR® Chase International for more information. 530-314-0352 NV BS.1001136 Open from 11 am to 2 pm.

Sierra Colina

sierra colina

Sierra Colina is a planned unit development community offering 44 residences on an 18 acre site located less than a mile from the Heavenly Gondola and the south shore of Lake Tahoe. Located next door to Lake Village, Phase One includes 10 units which should be available soon for purchase with their least expensive model, the Meadow starting at $1,500,000. It includes 3 bedrooms, 2 full baths, 2 half baths and a 2 car garage. The model is approximately 2193 SF in size. For additional details or floor plans contact Robert Stiles. Thank you.

Zephyr Cove Area Update

Biz Card Robert Stiles

Most of the activity since New Year’s has occurred at Round Hill.  Five residences have sold including one townhome.  Next door at Zephyr Heights three residences have closed including two which had been on the market over 300 days.  Skyland has also seen three sales including two on Deer Cliff Dr which had been on the market over 300 days.  The re-designed and re-modeled former lakefront estate of Bill Harrah was recently reduced in price from $34,500,000 to $28,500,000.  The residence offers over 20,000 SF of interior space and impeccable finishes not found in 5-Star Resorts.  For a better look at your neighborhood or if you’re ready to sell, contact Robert Stiles, Realtor®.  20+ years’ experience.   Dependable | Ethical | Professional.

89448 Real Estate Update

Skier Lake Tahoe

Three sales at Round Hill in January. One included a condominium on 450 McFaul Way and the other two were residences on McFaul Ct and Paiute Dr. Activity has been brisk at Lake Village with eight new listings since January 1. Two more are currently in escrow with one sold this year. Zephyr Heights has five active listings, one pending with two sold since January. Skyland has four listings with one in escrow this year. Two have sold off of Deer Cliff and Myron Drives. Learn more by clicking the link below. Call today to schedule your appointment. Robert Stiles, Realtor® Chase International 530.314.0352

South Lake Tahoe Multi-Unit Sales

The number of multi-unit investment sales declined from 53 units in 2017 to 35 units in 2018 at South Lake Tahoe.  The median sales price however increased 19% to $519,621.  On the Nevada East Shore there were 8 multi-unit sales in 2018 as compared to only two in 2017.  The median sales price of those units also increased.