West Shore
March 6, 2010
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The West Shore of Lake Tahoe is between Tahoe City and Emerald Bay. Here you can experience the best of Lake Tahoe recreation and spectacular scenery. With options such as water skiing, snow skiing, hiking, biking, camping, fishing and rock climbing, everyone will find an activity to suit their lifestyle. Some of the more popular sites to see in the summertime when visiting or living on the West Shore are Sugar Pine Point State Park, Vikingsholm Castle in Emerald Bay, the Tahoe Maritime Museum, and Meeks Bay. Popular resorts for winter time activities along the West Shore are Homewood and Granlibakken.
Housing on the West Shore is just as varied as the activities, with properties ranging from your typical “Tahoe Cabin” to a luxurious condominium complex. Also found on the West Shore are many types of subdivisions, perfect for either the local resident or the second home owner who wants to become a part of the fascinating natural beauty of Lake Tahoe. Each development has different amenities, so having an agent familiar with the area is a necessity when looking to purchase a home here.
Truckee Real Estate – Tahoe Donner Jan 2010 Sales
February 13, 2010
The following Figure shows Tahoe Donner Single Family Home activity from Jan 2008 through January ‘10.
Figure 1. Tahoe Donner Single Family Home Sales
Single Family home sales continue to outpace last year’s sales. Inventory (# of listings) is at a multi-year low. The very strong sales in Sept-Dec reduced the number of available homes for sale and the remaining inventory has really been picked over. Low inventory and strong demand will obviously help to put some upward bias on home pricing.
Inventory is low at 82 homes on the market, down from 83 last month. When you consider we have over 5100 homes in Tahoe Donner this is approximately 1.6 % of the homes in TD. Based on historical data we could expect the inventory to climb as we get into the summer and fall selling season.
Average Days on market (DOM) decreased significantly to 39 days – another multi-year low. I think this is due to the inventory of homes falling and some of the slow moving listings finally selling due to the increased demand.
Single family home sales were 10 homes, down from 34 last month. I think a very strong factor here is due to seasonality – Jan tends to be a slow month based on historical data. Also, low inventory is also a significant factor. Based on seasonality data for the last couple years we can expect to see home sales rising, assuming we have enough inventory to sell. I would expect to see the home builders start to come out of hibernation due to the low inventory. A consequence of this is that demand for buildable lots should show an increase soon.
Figure 2. Tahoe Donner Single Family Home Median and Average Home Price
One important change that started in Jan of ’09 is that Average and Median prices had a significant downturn – see Figure 2. However, one can see that the average and median prices have grown since Jul of ‘09. This is a good trend and could be construed as a sign that the Tahoe Donner single family home market is healthy. Interesting that Jan ’10 also had a significant decrease in Average and median prices – I’ll have to look at the 10 sales and see if this can be explained.
One factor that affects this price curve is that we have a dearth of high end new home construction activity in Tahoe Donner. This will tend to keep SF home pricing a bit lower until we get some additional high end construction activity.
I hope this data, presented in this form was useful to you. For an instant update, or a discussion about condos/townhomes, please call me and I’ll be pleased to provide you with the most recent data available. MLS data is available and I encourage the buyer or seller to study the data and arrive at their own conclusions before making a buy or sell decision. Contact me if you would like to see the “raw” data. I also have sold price vs. listed price data – this is very helpful if you are considering selling or buying a home – call me for a copy of this data.
Gary LaBelle, Realtor
(530) 448-1100
DRE #01495906
Tahoe Donner SF Home Sales Blow the Doors Off!
January 4, 2010
The following Figure shows Tahoe Donner Single Family Home activity from Jan 2008 through December 2009.
Figure 1. Tahoe Donner Single Family Home Sales
Single Family home sales set a 2009 record with 34 homes sold and continue to outpace last year’s sales. Inventory (# of listings) is at a multi-year low. The very strong sales in Sept-Dec reduced the number of available homes for sale and the remaining inventory has really been picked over. Low inventory and strong demand will obviously help to put some upward bias on home pricing.
Inventory is low at 83 homes on the market. When you consider we have over 5100 homes in Tahoe Donner this is approximately 1.6 % of the homes in TD.
Average Days on market (DOM) decreased to 101 days. I think this is due to the inventory of homes falling and some of the slow moving listings finally selling due to the increased demand.
Figure 2. Tahoe Donner Single Family Home Median and Average Home Price
One important change that started in Jan of ’09 is that Average and Median prices had a significant downturn – see Figure 2. However, one can see that the average and median prices have grown since Jul of ‘09. This is a good trend and could be construed as a sign that the Tahoe Donner single family home market is healthy and improving. The price increase is happening without significant help from new home construction.
One factor that affects this price curve is that we have a dearth of high end new home construction activity in Tahoe Donner. This will tend to keep SF home pricing a bit lower until we get some additional high end construction activity.
I hope this data, presented in this form was useful to you. For an instant update, or a discussion about condos/townhomes, please call me and I’ll be pleased to provide you with the most recent data available.
MLS data is available and I encourage the buyer or seller to study the data and arrive at their own conclusions before making a buy or sell decision. Contact me if you would like to see the “raw” data.
Gary LaBelle, Realtor
(530) 448-1100
DRE #01495906
Northstar 5 Star Ritz Carlton Open!
December 9, 2009
Hotel Information
The Ritz-Carlton Highlands, Lake Tahoe hotel is situated mid-mountain in the Northstar-at-Tahoe ski resort and is scheduled to open December 9, 2009. The resort will feature ski-in, ski-out access in winter with ski concierge services, a restaurant by Traci des Jardins a renowned San Francisco celebrity chef, a 17,000-square-foot spa and fitness center and preferred access to the Old Greenwood and Coyote Moon golf courses. This hotel in Lake Tahoe is the first new-build resort development in the area in decades. Anticipated to be Northern California’s premier sophisticated mountain retreat, The Ritz-Carlton resort in Lake Tahoe will introduce its legendary five-star service on December 9, 2009, a service level unseen before in this region.
This exceptional North Lake Tahoe hotel is perched slope-side and within a 15 minute drive of both Lake Tahoe and the historic town of Truckee. It is a year-round destination resort that includes 170 guest rooms, 23 private Ritz-Carlton Residences and 25 Ritz-Carlton Club fractional ownership units.
Guest Room Features & Amenities
153 Deluxe Guest Rooms (450 square feet)
16 Executive Suites (800 to 1,395 square feet, one or two bedrooms)
The Ritz-Carlton Suite (1,900 to 2,600 square feet, one or two bedrooms)
Rooms Details:
- Furnishings with rich, warm woods and textured fabrics reflecting Northern California contemporary mountain design
- 400 thread count linens with goose-down comforters
- Spa Fresh Bath Essentials
- Lighted make-up mirror and hair dryer
- Fireplaces in each guest room and suite
- LCD flat-panel television in guestroom
- iPod docking station
- High-speed wired and wireless Internet
- Fully-stocked honor bar
- Spacious work desk with dual-line phone
- Voicemail with customizable greeting
- Spacious Closets with safe
- Two Ritz-Carlton signature terry bathrobes
- King bed or two queen beds
- In-room gourmet coffee and tea presentations
- Iron/ironing board
- 24-hour concierge service
- 24-hour in-room dining
- Daily housekeeping attention and turndown service
- Same day laundry and dry cleaning services
- Complimentary overnight shoeshine
Property Features & Amenities
Meeting Space:
Over 15,000 square feet of state-of-the-art indoor and outdoor function space, including two ballrooms, 6,600 and 3,200 square feet, breakout meeting rooms, board room and vast indoor/outdoor function space with panoramic mountain views from the wrap-around outdoor balcony.
Highlands Spa and Fitness Center:
The Ritz-Carlton Highlands, Lake Tahoe will feature a 17,000 square foot spa and fitness center with 16 treatment rooms, ladies’ and gentlemen’s lounge areas with sauna, steam and whirlpool. Two outdoor swimming pools allow guests the option of swimming laps or relaxing slope side by the pool. The fitness center, with state-of-the art weight training and cardiovascular offers a variety of exercise and yoga classes.
Additional features:
- Manzanita, signature restaurant created by San Francisco celebrity chef Traci Des Jardins
- Valet Parking
- In-room dining
- Twice-daily housekeeping service
- Lobby Lounge bar with floor-to-ceiling windows
Club Level:
For guests seeking a heightened level of privacy and service, The Ritz-Carlton Highlands, Lake Tahoe features The Ritz-Carlton Club level. Guests have private access to The Ritz-Carlton Club level, a luxurious retreat for guests to enjoy private check-in check-out, five food and beverage presentations daily as well as the services of a dedicated concierge.
Location:
Located 15 minutes from Lake Tahoe, 45 minutes from the Reno, Nevada airport, two hours from Sacramento and four hours from San Francisco.
Business Services
- Business center
- Technology butler
- Conference Concierge
- On-site audio-visual services
