All Blog Entries by Jackie Ginley

Found 59 blog entries published by Jackie Ginley.

Strong Lake Tahoe Real Estate Market Favors Sellers

Overnight, it seems, Tahoe has become a seller’s market. Low inventory around the Lake, fueled by an increasing urban desire to escape from the confines of city life, has driven home prices around Lake Tahoe to a new 12-month high.

Glenbrook Home for Sale

The median sales price for a single-family home around Tahoe rose to almost $853k, more than $100k over last May, when the beaches and hotels were open and we all took dining out for granted.

 

Lake Tahoe Home Prices Hit 12-month High

Incline Village Home Values on the Rise 

In Incline, the median sales price rose 6.5 percent in May over this time last year.  That's almost a whopping 50 percent increase over pricing in April, when the market was still on wobbly post-Covid knees.

Incline Village Home Prices

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Lake Tahoe's North & West Shore poised for solid April Real Estate Sales

On the California side of the Lake, the pace of sales was stronger in the 1st quarter of 2020 than it had been in 2019, and the median sales price of a single family home on the North & West Shore rose 4 percent to $670,000. 

Lake Tahoe Real Estate Market Stats

Overall sales volume was down 25 percent over the same period in 2019. But those numbers were heavily slanted by one whopper of a sale – Mark Zuckerberg’s $37 million purchase of the Brushwood Estate (pictured below) in January of 2019, which accounted for two-thirds of last year's 1st Quarter sales volume.

Mark Zuckerberg's Lake Tahoe Estate

By the first week of April, we had 18 homes under contract at the Lake, a few of which had accepted offers after the state shutdowns. 

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What Buyers and Sellers Need to Know about Coronavirus and the Tahoe Donner Real Estate Market

Coronavirus fears aside, the pace of real estate sales in Tahoe Donner was slightly better for the first three months of 2020 than it had been in 2019. Total Q1 sales volume rose to $33 million, with 7 more homes selling during the first quarter of this year than last. While we did see some cancellations in March due to Covid-19 concerns, six Tahoe Donner homes sold in the first week of April, including this new custom home near the Tahoe Donner Golf Course that sold on April 8 for a little over $1.4 million (within 4 percent of its original asking price):

Tahoe Donner Home Sales

  • 47 homes sold in Tahoe Donner from January to March this year (up from 40 during the same
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Price Reductions Present Buyer Opportunities

Gray's Crossing Golf Course Homes

Gray’s Crossing, a newer golf course community of some 450 homes near downtown Truckee, saw 4 homes sell in the first quarter of 2020, a nice rebound from the first three months of 2019, when there were no sales. All of this year’s sales are homes that had gone into contract by late February or earlier, well before Tahoe and the rest of California was shuttered.

The median sales price this year so far is $1.3 million, but that figure could jump if two of the homes currently in contract close for close to their asking prices. One went under contract on March 14, the day before Tahoe’s ski resorts were shut down. The other – a stunning new home on the golf course at $1.9 million - had an accepted offer

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What Buyers and Sellers Need to Know about Covid-19 and Tahoe | Truckee Home Sales

This was a tough column to write because I know so many of you have suffered hardships as a result of the unprecedented fallout from the Coronavirus epidemic, and I don't want to appear be tone deaf. Those of you who know me, know that my motto is service above sales.

So many questions have rolled in about what 'exactly' all this means for the Tahoe Truckee real estate market, that I felt my 1st Quarter column needed to go granular. As you scroll down, you'll find global statistics, along with Links to specific communities, so you can zoom in the areas you're focused on.

Lake Tahoe Real Estate

March was a roller coaster ride none of us had ever seen before, and with the news and the

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Incline Village Homes Still Selling Despite Covid-19 Closures 

Incline Village Lakeview Home

With hotels shuttered and the beaches yet to open for the season, Incline Village is unusually quiet this Spring. But the real estate market in this lakeside community on Lake Tahoe's north shore is still cooking.

Incline Village closed out the 1st quarter of 2020 with 36 single-family home sales, 12 homes selling per month on average. But significantly, the Incline real estate market moved into April with 18 homes under contract to sell. And more than half of them had accepted offers in mid-March, following the breaking news of the coronavirus pandemic and the March 15 closure of Tahoe's Ski Resorts.

In the midst of stock market volatility, and statewide shelter in place orders,

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ArrowCreek Country Club

ArrowCreek Home Prices Rebound

Home prices at ArrowCreek Golf & Country Club have rebounded nicely since the depths of the last recession, and luxury properties here with nice views of the mountains or Reno skyline are again fetching prices well north of $1 million.

The median sales price of an ArrowCreek home last year was $972,500, almost double what they had been in 2012, a year that marked a low point for real estate prices in many areas of Reno.

This community in the foothills of the Sierra Nevada mountains was launched 20 years ago as a gated golf course neighborhood offering terrific views and promising the best of amenities. The early years were slow, with just a few sales per year. But word caught on quickly, and by 2004, sales

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In the 15 years since home prices began to slide toward recessionary lows, many Tahoe & Reno neighborhoods have seen significant gains.

Tahoe Donner Cross Country Center 

This week’s focus is on Tahoe Donner, a resort community of some 6,000 homes in the hills above Truckee.

Tahoe Donner remains a relatively affordable option for Bay Area residents looking for a vacation home with nice amenities. With a terrific fitness center, several swimming pools, golf, tennis, and one of North America’s best Cross Country Ski Areas, Tahoe Donner is one-stop vacation destination. (Click here for additional info)

The majority of single-family homes here sell for under $1 million (84 percent last year). And many of these can be rented as furnished vacation properties when owners are not in

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I was showing houses in Truckee the week before Christmas, and Bay Area buyers asked if they should wait to buy, questioning what will happen in 2020.  Would prices go down?

Analysts like to talk about the housing market on a “national” level, and while that’s great for economists and forecasting, it doesn’t really tell you anything about what will happen on the micro level here in Tahoe.

A home at Lake Tahoe is not the same as a home in Detroit. And the buyer looking to invest in a vacation home, which is largely what we offer here in Tahoe, has a different set of goals and finances than the person looking for a roof over their head.

The overall Tahoe market looks pretty much the same as it did in the middle of 2019, with prices inching up

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Let me confess. I do not have Alexa in my home, and I might never invite her in. 

Eavesdropping

I was born at the tail end of the Baby Boomer era, and to me, Alexa smacks of something eerily Orwellian.  OK, "1984" was published in 1949, and the Future seemed a long ways away back then, but the novel reads an awful lot like a documentary on the current state of affairs in which we find ourselves today ... government propaganda, perpetual war, double-speak, news-speak (think of the "lying journalists," which is an oxymoron to explore some day), and yes, Big Brother.

"Big Brother is Watching You."

Pan forward. And here we are in the 21st Century with a curious form of A.I. that is Hearing You.

She beckons to your commands, and she answers your questions. 

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