Lake Tahoe’s Tallac House—Featured in ‘The Bodyguard’—Lists for $8M

Lake Tahoe’s Tallac House—Featured in ‘The Bodyguard’

ld7a81d45-m16r-600x400_cThe one and only Fallen Leaf Lake TALLAC HOUSE featuring UNPARALLELED lakefront privacy and serenity, with 197 feet of Fallen Leaf Lake frontage and 2.74 extraordinarily secluded acres. This storied home was used in two famous movies: The Bodyguard and City of Angels! Fall in love with the commanding views of Mt. Tallac that towers above the lake. Renowned coastal architect Paul Hamilton designed this rustic, lodge-style home for the family that has owned it for 45 years.

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What an Interesting Place in this Place I live South Lake Tahoe

CA AI Tahoe Today was one of those days I thought to myself what an interesting place is this place I live South Lake Tahoe.  As I start every day I walked my awesome 12 year old dog named Foster with my coffee as we walked through my neighborhood of  old Al Tahoe.  He pooped I picked it up-just another day.  Is this how I remain humble by picking up crap at the start of every day?  Or maybe it is just a sign that each day is about to get better. [Read more...]

How does Tahoe’s Real Estate Compare to other Vail Resort Areas?

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This graph shows you that out of 8 major ski resort towns Park City, Vail and Tahoe are consistently at the top for volume of sales.  I feel that a large part of this is the fact that Vail Resorts is the owner of the largest ski resorts in these towns.  Vail is known for a top notch product especially with their giant snow making systems through the west especially needed now with our recent drought period.  If you look at past weather patterns years of drought are common.  It is luck (or not too lucky) of the draw.  This winter all I keep hearing from my sister who lives in Boston is more and more snow.  They complain about it and we all are only full of envy! [Read more...]

Winter at Heavenly

tomandi
Yes it is finally winter here with our recent snowfall at Heavenly in South Lake Tahoe as I write this on 12/17/14 or are we just getting impatient because really winter doesn’t start til the 21st.  We are off to a good start at Heavenly but hopefully it will be a great 2015 ski season.  This picture is of my husband and I up at Heavenly a few weeks ago.  He is the Director of Base Operations and has been in the ski industry for 35 years.  Thus I have learned a lot about snow making, chair lifts, etc.  Probably more than I care to know but the good news is that I still love to snowboard and I look forward to each and every winter.

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A cool 19 million will buy you the former vacation home of Howard Hughes

INCLINE VILLAGE, Nev.–Every year, Chase International hosts an Estate Tour to view  the greatest of the great in lakefront Tahoe.  Take a look at the news clip from Kolo TV News.

“It just makes it an exceptional day where if you’re out there hunting, you can go and take a look at Glenbrook, South Lake Tahoe, Tahoe City and really figure out what pocket community in tahoe fits your lifestyle.

Around the lake, 23 homes were open for viewing, but one stood out from the rest. The Sierra Star, a compound with 4 homes, an underground garage and an asking price of 45-million dollars

To view this $45M Among House Listings at Tahoe Shore please visit realestateonlaketahoe.com [Read more...]

One of the many Howard Hughes retreats on the Chase International Estates Tour

INCLINE VILLAGE, Nev. (KRNV & MyNews4.com) — Summertide in Crystal Bay, Nev., one of the many reclusive retreats Howard Hughes in the 50s, has hit the the housing market for $19.5 million.

The 5.5-acre home is listed by Chase International.   Chase is the leader in real estate in Reno, NV and all around the beautiful Lake Tahoe.

It’s rumored that Marilyn Monroe, who was no stranger to Lake Tahoe love affairs, had a tryst with Hughes at the mountain home. Chase International says that, underneath the Gatsby-like lifestyle, Summertide is a log cabin home, inspired by the camps of the Adirondacks. The main home was built from local timber in 1934 and has five bedrooms, four baths and an office. A guest cottage was built in 1940 and a detached garage fits up to four cars. The gated and fenced property offers 500 feet of lakefront, panoramic lake views, pier, buoy, and a huge meadow.

The property also consists of five separate but contiguous parcels.  For an invite to our Chase tour please contact Jennifer Fortune

Chase International joins the RealtyTrac Network

Chase International joins the RealtyTrac Network

RealtyTrac has selected Chase International to become a part of its RealtyTrac Network, the company said Tuesday.

As a member of the network, Chase International will have access to one of the most comprehensive real estate data sets in the country, which allows them to capitalize on market trends, have access to buyer and seller leads, increased brand exposure and national media sources.

Chase International is a dynamic, independent real estate firm committed to the success of its clients, sales associates, staff and community and was a natural selection for our network,” said RealtyTrac CEO Jamie Moyle.

Moyle added, “We are selecting only top brokerages in each market as members of the RealtyTrac Network, helping to complement our comprehensive housing data and further our missions of increasing transparency in the housing market and improving the process of buying and selling real estate.”

Members of the RealtyTrac Network have access to comprehensive U.S. housing information and data, including property-level data for sales, loan information, property characteristics and foreclosure details, along with more than 20 key local and neighborhood factors via Homefacts.com (a RealtyTrac subsidiary).

“RealtyTrac is one of the most recognized and highly regarded names in real estate. We are proud to align our company with such a well-established brand,” said Craig King, COO of Chase International.

King added, “As a leader in luxury real estate, Chase is continually on the fast track to expansion and exploration in new areas. Our membership in RTN is part of our continued commitment to be an innovator in the high end real estate industry and will benefit our clients by adding to our creative business expertise, local knowledge, online and print marketing strategies and international connections.”

 

Current homeowners leading home purchase activity

Which homebuyer group is it first time home buyers or real estate investors leading the recovering market nationally?  Despite buzz to the contrary, it is not investors.  New research suggests that first-time homebuyers and current homeowners are in fact the major players in this year’s marketplace.

The nationwide Campbell/Inside Mortgage Finance HousingPulse Tracking Survey data for March shows that current homeowners continue to dominate the overall home purchase market with a 42.2% national market share in March (based on a 90-day rolling average).  While that was down from the levels seen last fall, it was still up on a year-over-year basis.

Meanwhile, first-time homebuyers stepped up their buying activity, reaching an eight-month market share high of 36.1% in March, according to survey results.  Athough investors have been getting a lot of media attention recently in terms of driving – if not dominating – home purchase activity, their share of the national housing market was just 21.8% in March.  HousingPulse survey findings show the investor market share nationwide hovering between 19% and 23% for much of the past year.

If you look at just non-distressed properties — the largest segment of the housing market — the investor share was only 13.3% in March.  Current homeowners had a 50% market share and first-time homebuyers a 36.8 percent of the non-distressed housing market last month.  More information on the study.

For all of the current market stats please visit realestateonlaketahoe.com

Residential construction increases in 2013 over 2012

Dr. Elliot EisenbergMeet Elliot Eisenberg, Ph.D., he is a nationally acclaimed economist and public speaker specializing in making the arcana and minutia of economics fun, relevant and educational. He holds a B.A. in economics with first class honors from McGill University, as well as a Masters and Ph.D. in public administration from Syracuse University. Dr. Eisenberg, formerly a Senior Economist with the National Association of Home Builders in Washington, D.C., is a frequent speaker on topics including: economic forecasts, economic impact of homebuilding, consequences of government regulation, cost-benefit analysis, prudential use of financial derivatives, strategic business development and other current.  He has hosted recently by our company here in South Lake Tahoe and now I am a big fan.

Residential construction increases in 2013 over 2012. Part of the reason employment growth is so weak is that despite sizable increases in residential construction spending, increases in construction employment have been MIA. From April 2012 to April 2013, residential construction put-in-place increased from $249 billion to $295 billion, an 18% rise. However, during the same period, the number of residential building employees and residential specialty trade contractors rose from 2,048,100 to 2,131,800 or by just 4%!

He does a 70 word daily blog at www.econ70.com  

 

 

Tahoe Keys Market Update

Here is some general market info for the Tahoe Keys-4/20/13

2007 -35 homes sold and avg. price  $1,152,343 and average $ per sq.ft. was $470
2008 -32 homes sold and avg. price $900,366 and average $ per sq.ft. was $388
2009 -32 homes sold and avg. price $923,073 and average $ per sq.ft. was $334
2010 -54 homes sold and avg. price  $837,769 and average $ per sq.ft. was $333
2011 -44 homes sold and avg. price  $794,664 and average $ per sq.ft. was $303
2012 -57 homes sold and avg. price  $789,821 and average $ per sq.ft. was $308
2013 -23 homes sold so far and avg. price $813,529 and avg. $ per sq.ft. is $324

For all of the Tahoe Keys homes currently on the market  View Listings
Photo was taken from home on Venice drive in March