February 2015 — Tahoe Luxury Property by Alex West at The Big Blue Lake. Buy and Sell Tahoe Homes.

Taking a quick look at market numbers for the Tahoe Basin. Comparing years through today:

Jan 1 – Feb 13

2013: 33 sales, $21m, ave $644k

2014: 27 sales, $18m, ave $673k

2015: 28 sales,$29m, ave $1.03m (56 properties in escrow now with gross list price volume of $55m total – wow)

A big part of the reason for 2015’s larger volume is lakefront sales – there were two in Jan over $7.75m. The pending sales average $900k – there is teardown lakefront in Tahoma for $10.25m plus a few other lakefronts in escrow as well. Historically solid activity at the top of the market can be an indicator of good things for the rest of the market.

With Dollar Point I always drill down into data solely within the neighborhood since it is somewhat of a micromarket:

2012: 23 sales, $29m, ave $1.2m

2013: 15 sales, $14m, ave 924k (there was a 16th off-MLS sale which would have brought gross to $23m and ave to $1.4m)

2014: 15 sales, $26m, ave $1.7m

2015: Currently just 9 homes on the market (midsummer can be low to mid 20’s on the market at once); 2 of the current offerings are in escrow.

A good time for owners to consider the market for sure. Feel free to get in touch to discuss anything with me.

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Surf Tahoe…again

For the second time since December, Tahoe saw waves in excess of 6 feet. Years ago it was a small crew that would venture out at a few spots along the North Shore. But like everything else, times have changed and now you’ll sometimes see a dozen folks in the water including a stand up paddleboarder or two. The breaks from Carnelian Bay clear through Incline and down the East Shore seldom go without someone in the water. But even still it’s an incredible experience – and sometimes you can find yourself alone even in a spot as busy and visible as The Cape Cod House in Tahoe Vista. Yesterday morning I was lucky. I arrived to one guy in the water who had some serious skills and just two photographers on shore – one was a pro, the other aspiring (judging by the length of their lenses!). The wind hadn’t yet peaked but it was sunny and the apparent wind was minimal – so instead of waiting for bigger sets I went out while conditions were cushy – for Tahoe. After a little while the good surfer went in, I stayed out solo, then after I caught my first wave I noticed the photographers left. Must have been because the sun went away, right? I’m the first to admit that I’m a mediocre surfer but I enjoy it as much as anyone. The three highlights of this particular session: I stood up for the first time since a bad injury 4 years ago; our 2 year old stood on shore and watched me catch one; as I was about to finish up, I looked to shore and saw my wife in her wetsuit scrambling down the cliff to join me. Ahhhh, Tahoe!

surf tahoe 2015

Archives for February 2015

Tahoe Basin Sales are Up

What's My Property Worth?

Surf Tahoe…again