Tahoe Homes Blog

RSS Feed Homepage

Articles: 1, 2, 3, 4

Incline Village New Listings May 26- June 2
2008-06-03 08:53:00
There are 10 new single family homes listed this past week in the Incline Village MLS, ranging in price from $779,000 to $3,145,000. 140 Tramway $779k is a 4 bedroom home built in 1964- potential to build on .40 acres in Millcreek. 823 McCourry $785k is a cute 3 bedroom nicely remodeled on a gorgeous .46 acre ...
More About: June , Listings

Incline Village Listings May 18-25, 2008
2008-05-26 18:39:00
Ten new single family homes were listed this past week, including 4 under $1M and 6 priced between $1M and $7.5M. A new listing at 566 Ponderosa priced at $599k has great potential with 4,428 sq approved TRPA coverage in this desirable location, just cross Highway 28 to Lakeshore Blvd. With 1,220 sq ft, 3 bedrooms, ...
More About: Listings , Village , 2008

Economic Update May 21, 2008
2008-05-21 17:13:00
Steve Peterson, Branch Manager Chase Home Finance Office: (800) 894-5440 Ext. 214 Cell: (775) 219-7151 Hints of recovery continue to tease those who hold to the idea that the economy and real estate market will get worse and worse, with home prices falling significantly further in their view. We doubt it, though there are two big worries.   First, we need ...
More About: Update , Economic , 2008

Incline New Listings May 17
2008-05-18 01:50:00
Thirteen single family homes were listed this week, ranging in price from $622,638 for 804 Geraldine (this has been on the market but relisted) to $7,995,000 for 727 Champagne, a stunning 8,600 sq ft home built in 2004 with unobstructed panoramic lake views and gorgeous alder woodwork, stone and granite. 891 South Dyer will begin showings ...
More About: Listings

Incilne Village Home Sales YTD May 15 2008
2008-05-17 20:35:00
This year, 13 homes have sold in Incline below $1M and 12 have sold over $1M. This is a shift from 17 homes sold below $1M and 29 sold over $1M for the same period in 2007. In the below $1M range, we are seeing nicely remodeled homes and “move-in” condition homes that are priced attractively ...
More About: Sales , Home , Village , 2008

Tahoe Lifestyle
2008-05-17 01:39:00
I just returned from our first boat ride of the season on Lake Tahoe - a gorgeous nearly perfect day, no wind and no crowds! Incline Village is the gem of Lake Tahoe- central to ski resorts like Squaw Valley, Alpine Meadows, Northstar, Mt Rose, Heavenly and our own Ski Incline “Diamond Peak”. Squaw Valley closed ...
More About: Lifestyle

Economic Update May 14
2008-05-14 17:20:00
Steve Peterson, Branch Manager Chase Home Finance Office: (800) 894-5440 Ext. 214 Cell: (775) 219-7151 I realize I’m apparently in the minority, but I see a process of bottoming that includes gradual improvement. I expect plenty of bumps in the road ahead, but I also expect a much milder recession and sunnier real estate market than most people are ...
More About: Update , Economic

May 7 Home Finance Update
2008-05-08 01:56:00
Steve Peterson, Branch Manager Chase Home Finance Office: (800) 894-5440 Ext. 214 Cell: (775) 219-7151 It’s interesting that, with little to no movement among interest rates, the number of applications for mortgages declined so much. That tells us where we are in this market cycle–dragging along the bottom. But there is reason for some optimism. Prices seem to be ...
More About: Update

Incline Village Beach Access
2008-05-03 18:56:00
On Wednesday, the IVGID Board of Trustees unanimously adopted a policy defining the sidewalks and parking lots at Incline Beach , Ski Beach and Burnt Cedar Beach, and other areas in the Village as “public forum areas”. Effectively, cards no longer will be checked at the gates, so anyone can now access the beach parking lots ...
More About: Access

$47 Million Incline Lakefront Estate
2008-05-03 18:36:00
Take a virtual tour of this lakefront estate, featuring three homes and four parcels along 578 feet of Lake Tahoe shoreline with a 157 foot pier, a buildable lakefront lot. This 8.75 acre property is listed for abut $5.4 million per acre, and is located near the west end of Lakeshore Boulevard. This is the third-highest residential property for sale in Lake Tahoe and the 23rd ...
More About: Estate , Million

San Diego, Scottsdale, Maui to Tahoe Home Trade
2008-05-02 02:34:00
Are you interested in trading your home in Incline Village or Lake Tahoe for property in Maui , San Diego or Scottsdale ? Pete Slaughter and PJ Fennello have some beautiful properties available to trade! Trade you rhome in Tahoe for a lot in a gated community in Wailea, Maui, or a 4,900 sf home 4 miles to the beach ...
More About: Home

May 1 Home Finance Update
2008-05-02 00:18:00
Steve Peterson, Branch Manager Chase Home Finance Office: (800) 894-5440 Ext. 214 Cell: (775) 219-7151 Weekly Commentary Thumbnail Sketch: The FOMC [Federal Open Market Committee] reduced the fed funds rate another quarter of a percent, making it clear that this will probably be the last rate cut for a long while. Worries about inflation are in the air. We can see ...
More About: Update

Incline Best Buys
2008-04-30 07:57:00
I was asked by a reader what criteria I use to determine my “best buys”. We vote weekly on best buys at our Chase offiice, and I tend to be a lot more critical of homes that are gussied up or have cosmetic fix ups when they really need to be gutted and remodelled, or torn down and rebuilt. ...

Activity on the Incline Market
2008-04-26 18:45:00
A new listing on Galaxy Way priced at $789,000 is a new best buy in a lovely wooded setting, adjacent to forest service land. The Tumbleweed listing priced at $700,000 went into escrow, on the market for only a couple of weeks, this was also a very good buy! Another listing on Jennifer is going to foreclose as ...
More About: Market

April 23 Home Finance Update
2008-04-24 00:14:00
Steve Peterson, Branch Manager Chase Home Finance Office: (800) 894-5440 Ext. 214 Cell: (775) 219-7151 The economic indicators this week are rather glum, and I have to say that I expect them to remain rather negative for quite some time. Oddly, though, that won’t necessarily mean that the real estate market is getting worse–even though analysts in the ...
More About: April , Update

April 15 Real Estate Market Update
2008-04-16 00:06:00
Steve Peterson, Branch Manager Chase Home Finance Office: (800) 894-5440 Ext. 214 Cell: (775) 219-7151 A few more tea leaves telling us that recovery is gradually beginning…but leaving us totally in the dark as to how the recovery will look. One thing seems clear: It will look different from what most of us expect (which is, I suppose, ...
More About: Estate , Real Estate , Real Estate Market , Market , April

April 9 Economic Update
2008-04-10 08:31:00
Steve Peterson, Branch Manager Chase Home Finance Office: (800) 894-5440 Ext. 214 Cell: (775) 219-7151 Thumbnail Sketch: There is a curious contrast between the fervor with which many in Washington are seeking programs that will ease the real estate madness and the lackadaisical way others are brushing aside any sense of urgency.  Why the contrast? Those on one side of ...
More About: April , Update , Economic

Tahoe Low to Mid Range Real Estate Sees Surge in Sales
2008-04-10 02:27:00
Tahoe Home Sales Stats 1st Quarter 2008 by Katie Shaffer The Tahoe-Reno real estate market is experiencing a shift towards mid to lower range home sales (under $1 million) and away from multi-million dollar homes, according to first quarter stats released by Lake Tahoe-based real estate company Chase International. The average price of a home throughout all of ...
More About: Estate , Real Estate , Real , Surge

Aprl 2 Economic Update
2008-04-03 08:18:00
Thumbnail Sketch: Though it is important to remember that existing home sales are down 23.8% from their year-ago level, the February uptick of 2.9% over January?s sales level may suggest that the market has hit bottom. Even more impressive is the fact that the number of homes available for sale is dropping?with February?s drop in ...
More About: Update , Economic

March 26 Economic Update
2008-03-27 07:14:00
Steve Peterson Branch Manager, Chase Home Finance Office: (800) 894-5440 Ext. 214 Cell: (775) 219-7151 Thumbnail Sketch: Though it is important to remember that existing home sales are down 23.8% from their year-ago level, the February up tick of 2.9% over January?s sales level may suggest that the market has hit bottom. Even more impressive is the fact that ...
More About: Update , March , Economic

March 19 Economic Update
2008-03-20 07:11:00
Steve Peterson, Branch Manager Chase Home Finance Office: (800) 894-5440 Ext. 214 Cell: (775) 219-7151 From my seat at this odd spectacle, it appears that we are coming down to it. It? The true economic crisis in our land: Giant financial companies have long been making tremendous amounts of money through the manipulation of debt. But debt must be ...
More About: Update , March , Economic

March 12 Economic Update
2008-03-13 07:05:00
Steve Peterson, Branch Manager Chase Home Finance Office: (800) 894-5440 Ext. 214 Cell: (775) 219-7151 An exciting day in the financial markets! Happily, the Fed seems to have substituted putting money into the mortgage-making system for making money cheaper (lowering interest rates)–for the moment. As you can see by looking at the numbers for the day, the markets responded ...
More About: Update , March , Economic

March 5 Economic Update
2008-03-06 06:55:00
Steve Peterson, Branch Manager Chase Home Finance Office: (800) 894-5440 Ext. 214 Cell: (775) 219-7151 Economic indicators, including interest rate levels, seem determined to change radically every few days. This means that one day we’ll hear analysts say that the dollar is going to fall even further and interest rates will rise much higher, then another day we’ll hear ...
More About: Update , March

Feb 27 Economic Update
2008-02-28 06:42:00
Steve Peterson, Branch Manager Chase Home Finance Office: (800) 894-5440 Ext. 214 Cell: (775) 219-7151 Here we are at the end of February already–and I have to believe that worries are increasing in the back rooms of the Federal Reserve and Congress’s banking committees, not to mention the coffee rooms of real estate companies.With interest rates higher, loans even ...
More About: Update , Economic

Feb. 20 Economic Update
2008-02-21 06:39:00
Steve Peterson, Branch Manager Chase Home Finance Office: (800) 894-5440 Ext. 214 Cell: (775) 219-7151 The current forecast from our best prognosticators seems to anticipate a market turnaround (at last) about six to nine months from now. One very unusual prognosticator is the action among builders’ stocks on Wall Street. Many of these downtrodden shares have burst into dramatic ...
More About: Update , Economic

Incline Lakeview Sub. Reduced
2008-02-09 02:06:00
View listing details here Lakeview 746 Mays was listed at $1,785,000 is now reduced to $1,550,000. This home is on the corner of Allen and Mays Blvd., just past the Post Office and Village Market, heading down towards BurntCedarBeach. The home is 4,360 square feet, and is now close to $355 per sq ft. The home ...

Mortgage Rates Bottom Out
2008-02-07 01:32:00
Steve Peterson, Branch Manager Chase Home Finance Office: (800) 894-5440 Ext. 214 Here we are in the heat of the political season but this time, the economy is a front-and-center issue. Certainty grows as each day passes: We seem to be entering a recession. The best economists are telling us to tighten our belts for a rather rough ...
More About: Mortgage , Rates , Bottom

Fed Economic Stimulus Package
2008-01-31 08:12:00
Steve Peterson, Branch Manager Chase Home Finance Office: (800) 894-5440 Ext. 214 Enclosed in the economic stimulus package, along with a bunch of $300 checks, we might just find a gift to the local real estate market of great value. It looks as if we’ll have a $729,750 ceiling on conforming loans for the balance of this year. (The hike expires at the end of the year.)   This, more than anything else I can think of, could truly provide economic stimulus. Champagne, anyone? Well, maybe we should wait until we see this in writing. Comments regarding the Fed announcement: Several hours after this week’s update was written, we received the news that the Fed (the Federal Open Market Committee, to be more precise) has cut the fed funds rate once more, this time by 50 basis points, taking the short-term rate down to 3%.   This will, of course, reduce the cost of much short-term funds. Since most banks key their prime rate to the fed funds rate these days, it will means loans ...
More About: Economic , Package

Fed Cuts Rates by Half Point
2008-01-30 22:44:00
By Greg Robb, MarketWatch WASHINGTON (MarketWatch) — The Federal Reserve decided to lower interest rates by half a percentage point and signaled that the door remains open for more cuts. The central bank lowered the federal funds rate by 50 basis points to 3%. Financial markets were hoping that the Fed would decide to cut rates by ...
More About: Point , Rates , Half , Cuts

Fed Rate Cut Spurs Mortgage Applications
2008-01-30 22:38:00
Source: Mortgage Bankers Association (01/30/08) Lucy Roman, Marketing Executive (775) 831-2488 First American Title 932 Southwood Blvd., Suite 101, Incline Village, NV 89451Mortgage applications rose another 7.5 percent last week on a seasonally adjusted basis, compared to the previous week, according to the Mortgage Bankers Association?s weekly mortgage applications survey. On an unadjusted basis, the index increased 10.5 ...
More About: Applications , Spurs , Rate