Tag: Nevada East Shore

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Skyland Update

Skyland

Skyland is one of the few neighborhoods on the Nevada East Shore to have not sold as many properties as the previous year.  In 2019 and 2020 there were a total of 11 sales each year.  One of the predominant changes thus far in 2020 has been the reduction in the total average days on market to sell a property. 2020 saw days reduced from 185 in 2019 to 97 this year.  Homeowners will be happy to know the median average sales price has increased 5.6% from $1,197,000 in 2019 to $1,265,000 this year.  

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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.

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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.

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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

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2018 Sales Talk at South Lake Tahoe

Stateline NV

We’re starting to see additional lower priced units come on the market at South Lake.  It seems stock market jitters are beginning to scare some folks out of the real estate market.  On the Nevada East Shore we’re seeing market value declines but with quite a few sellers still sticking to their list price due to lack of inventory.  The next few months should be telling for both areas.

I also hope to have all 2018 stats from around the lake within the next few weeks.  For right now looking at the raw numbers, the NV East Shore had a 35% increase in total sales volume this year climbing from $150M to $202M.  The number of units sold increased 23% over 2017 figures, while the median sales price of those units declined by 9% to $815,000.
At South Lake Tahoe dollar volume declined 5% from $362M to $344M.  The number of units sold in 2018 also declined by 9% to 620.  The Measure T agenda regarding short term rentals looks to have taken its toll on both buyers and sellers.  The median sales price for South Lake still managed to increase 6% to $466,500.  More to come soon.
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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.