The Nevada East Shore real estate market heated up in 2019. Thus far we’ve experienced 25% more single family residential sales than during 2018. The increase in numbers from 106 to 133 units does not include 6 lakefront sales. The median sales price for the area also increased 13.9% to $900,000. Days on market to sell a home declined by 15%. I’m seeing an increase in the number of families wanting to leave California. Happy Holidays!
October’s median sales price for single family residences on the NV East Shore was $1,000,000. Days on market averaged 111. The lowest priced unit sold was located on Tina Ct for $499,000. The highest was in the Glenbrook community for $5,450,000. Most of last month’s sales occurred in the mid Kingsbury and Zephyr Heights communities. There were a total of 15 sales last month. This compares to only 10 residential units sold last year at this time with a median sales price of $778,750.
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
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 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.
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.