Tag Archive: news

Mar 05 2013

Pinnacle Real Estate Group of Lake Tahoe recognized at Global Conference

 

The LeadingRE Conference Week attracted 2,000 real estate brokers, managers, relocation professionals, sponsors and guests from across the U.S. as well as 20 countries worldwide. The Pinnacle Real Estate Group office, located in South Lake Tahoe CA, was selected for membership in Leading Real Estate Companies of the World, which recruits only the best among locally and regionally branded firms. As a member of this global network, the Pinnacle Real Estate Group can assist home buyers and sellers worldwide and can access “LeadingRE’s” full range of brokerage services, including lead generation, branding support, luxury marketing, web exposure, technology systems, and state of the art learning and credentialing.
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The Pinnacle Real Estate Group of Lake Tahoe is proud to announce they received national recognition within the Leading Real Estate Companies of the World’s® 2013 Annual Conference held at the Cosmopolitan Hotel in Las Vegas, Nevada. Pinnacle’s website, www.RealEstateofLakeTahoe.com, earned the Quality Certification (WQC) Award acknowledging superior websites among LeadingRE’s 550 member firms.
The Pinnacle Real Estate Group was also named in the LeadingRE’s 2012 Momentum Club. This award was given based upon Pinnacle’s increased level of incoming as well as out-going referral transactions within the LRE organization. Michelle Benedict, co-owner of the Pinnacle Real Estate Group of Lake Tahoe, in response to receiving the awards commented, “It was quite an honor to be recognized within such an elite real estate organization. Our agents worked hard over the past year and it is nice to be able to bring these awards back to them. They deserve it.”

 

 

Jan 11 2013

South Lake Tahoe Real Estate Market Report – Tahoe Housing market 2012

 

According to the South Lake Tahoe Association of REALTOR’s Multiple Listing Services, there were an average 715 properties sold through the past 12 months (Jan 2012 through Dec 2012) in the area of South Lake Tahoe CA. During the same period in 2011 there were 593 properties sold.

South Lake Tahoe Sold properties 2012

 

From the 715 properties sold in the past 12 months, 167 of them were foreclosures and 114 were short sales. Of the 593 properties sold in 2011, 180 of them were foreclosures and 100 were short sales.

South Lake Tahoe Sold distressed properties 2012

 

Of the 715 homes sold in the past 12 months, the median home price is $242,000, the median home price in 2012 went down 6.7% from $259,500 during 2011.

South Lake Tahoe median sales price 2012

 

As for the list price to sold price ratio, the homes that sold in South Lake Tahoe during the past 12 months sold for an average of 96.2% of the original asking price. The list to sold ratio in 2011 was 95% of the original asking price.

South Lake Tahoe percent of List price received 2012

 

There were less homes for sale on the market in the past 12 months compared to the same period in 2011. The month supply in the past 12 months was 5.2 months of inventory, 41.6% less from 2011 that had a supply of 8.9 months worth of inventory.

South Lake Tahoe Months supply of Homes for Sale 2012

 

There are currently 209 homes on the market in South Lake Tahoe as of Jan 11th of 2013, 68 of which are in escrow. Of the homes in escrow, the prices range from a low of $94,500 up to $1,7000,000, all with an average of $202 price per square feet. The home listed for $94,500 is a 2 bedrooms/2 baths/no car garage home with 962sqft built in 1963, located in the Bijou neighborhood. The home listed for $1,700,000 is a 5 bedrooms/4 baths/3 cars garage lake front home with 3,176sqft built in 1985 in the Tahoe Keys neighborhood.

Summarizing all this information we can realize that compared to 2011, in the past 12 months we had a lot more sales sales and less homes on the market. The current inventory of homes is very short and we are having a lot of buyer’s competition. The demand currently exceed the supply so we are in a seller’s market. Most of the time if a home is priced competitively the owners usually receive multiple offers. If you were considering selling your home, right now is great time to put your home on the market.

 

Click here if you’d like a free market evaluation for your property.

 

 

 

Nov 16 2012

Forest roads in the Lake Tahoe Basin closing for winter

 

The U.S. Forest Service Lake Tahoe Basin Management Unit has begun the annual closure of forest roads around the Lake Tahoe Basin. Fall closure dates are established by the Motor Vehicle Use Map (MVUM). The MVUM also establishes target opening dates after the winter season.

These dates are dependent on soil conditions in order to avoid resource damage and erosion potential. You may consult the MVUM for specific roads and dates by visiting http://www.fs.usda.gov/goto/ltbmu/TravelManagement.

Once the gates are closed, forest users are reminded to park safely off the roadway, park only in designated spots and avoid parking in front of gates. For more information on gate closures, contact the Forest Supervisor’s office at (530) 543-2694

 

Sep 20 2012

South Lake Tahoe Housing Market

 

Economic Update: Inventory across the board is down about 45% from last year, and with less homes for buyers to choose from its creating a short term sellers market. Now this will bounce back to a buyers market in spring when everyone puts their home back on the market so take advantage of this time, one thing I learned about real estate is its ALL ABOUT TIMING!! If you were thinking about selling your home in South Lake Tahoe now might be the perfect opportunity. 

 

South Lake Tahoe Homes Hot List
Search All Homes For Sale
What is your home worth?
Free List of Foreclosed Homes For Sale
South Lake Tahoe, CA Homes for Sale
Fernanda Dozier
Pinnacle Real Estate Group Lake Tahoe
(530) 721-2552
Nanda@RETahoe.com

Jun 29 2012

South Lake Tahoe 4th of July Parade

 

South Lake Tahoe’s Inaugural 4th of July Parade and Celebration 2012!

 

Join to cheer the parade  honoring families of local fallen heroes, veterans, and active duty military on Wednesday, July 4th.

The parade will run from 10am to noon followed by a celebration from noon to 3pm. The parade will begin at Stateline and travel along Hwy 50 to Rufus Allen Blvd. Viewing of floats, food, vendors and live music by the Cash Only band will be held at the Recreation Center, Senior Center and Museum parking lots.

This is a Golden Bear Event and is being co-sponsored by K-Tahoe 590 AM / 96.1 FM, South Tahoe Chamber of Commerce, and the City of South Lake Tahoe.
For more details and information please visit http://goldenbearevents.weebly.com/4th-of-july.html

 

Later at night gather up to watch the some of the best firework displays on the west coast shoot into the night sky. Click here to find out the best spots in Town to watch the fireworks!

 

Jun 27 2012

Pictures of the Lakeview Commons in South Lake Tahoe

 

The Dedication Ceremony of Lakeview Commons at El Dorado Beach had a successful turnout.

On June 20th 2012, Lakeview Commons at El Dorado Beach was dedicated to the public for their use, recreation and enjoyment of the surroundings and the incomparable view of Lake Tahoe. The Lakeview Commons at El Dorado Beach project was a team effort among the California Tahoe Conservancy, The City of South Lake Tahoe and El Dorado County.

The ceremony also kicked off the summer concert series “Live at Lakeview” which will host free concerts every Thursday from 4:30-8:30 pm at Lakeview Commons at El Dorado Beach all summer long. For more information on the summer concert series visit http://www.lakeviewcommonslive.com/

Jun 19 2012

Lake Tahoe Paddle Festival 2012

 

The Lake Tahoe Paddle Festival is a solstice celebration of human powered watercraft featuring “Ancient Art to State of the Art™” boats, boards and paddles. The focus is the preservation of indigenous watercraft art and culture. Interpretive exhibits will highlight sustainable recreation, healthy foods, yoga, healing arts and environmental awareness.

This year’s event will highlight the World Tribe Canoe Project ceremony and starting construction. This 70’ trimaran will be carved by Craftmaster’s from around the World and when completed will sail on tour the Earth educating peoples of the threat to our most precious resource…WATER.

Join on June 23rd and 24th for a weekend of workshops, clinics, fun, food and family entertainment. Try out the world’s fastest growing sport—standup paddling—on a demo, or paddle your canoe or kayak over to learn more about protecting Lake Tahoe’s clarity and efforts to prevent the proliferation of invasive species. Bring the grandparents and kids to learn about building ancient tule reed boats, dugout canoes or “old school” wood boards. There will be something for everyone in the family. If you’ve never been out on the water, or you’re a SUP professional, the Lake Tahoe Paddle Festival is where you’ll want to be to celebrate the summer of 2012.

Last year’s event featured historic indigenous blessing and closing ceremonies, leaving the audience forever touched. Spectators became participants in board shaping with world-renown Hawaiian craftsman Tom “Pohaku” Stone. Many long time locals said it was one of the best summer events they had participated in. There were raffles, free boat demos and lots of family fun. With the Washoe Cultural Society, the South Lake Tahoe Boys & Girls Club as partners, come help support the Mayala Watah Youth Paddle Camp, restore the ancient arts, and check out the state of the art watercraft.

For updates and details please visit http://www.laketahoepaddlefestival.com/

 

May 31 2012

Valhalla Renaissance Faire 2012 in South Lake Tahoe CA

 

Get away from it all and lose yourself in the magic and merriment of the Renaissance. Rub elbows with nobility, pirates, barbarians and beautiful ladies. This year’s Valhalla Renaissance Faire will feature four stages of continuous entertainment, Action packed shows, Music, dancing, jesters, 900 costumed actors, Shakespearian vignettes, expertly staged battles, storytelling for children and adults, archery tournaments and much more. Shop over 100 merchants selling a wide array of arts and crafts, one of a kind jewelry items, woodcrafts, artwork, ceramics, clothing, historic weapons and leather goods. And to top it all off, a hard hitting joust.

The Valhalla Renaissance Faire recreates a renaissance village on festival weekends and includes a merchant marketplace with nearly 100 unique merchants and crafters.

Queens of England, ambassadors from foreign lands and juggling jesters, winsome wenches, lords and ladies, knight of horseback, squires and simpletons. They aren’t just the stuff of fairy tales. They’ll gather June 2nd – 3rd & 9th – 10th for South Lake Tahoe’s favorite festival, the 20th annual Valhalla Renaissance Faire. Be a part of history and join in revelry in costume, or come as you are and immerse yourself in the atmosphere, games, theater and the  splendor of England’s Golden Age.

Drawing more then 8,000 visitors, the Valhalla Renaissance Faire is a unique entertainment experience and an extraordinary outing for children. This unique festival includes real jousting sessions and full armored combat between knights, along with culinary delicacies, craft demonstrations, ancient music, dance and comedy. Patrons will participate in archery, javelin throws, and fencing. Activities for the children will include games, crafts, a petting zoo, puppet shows and storytelling.

Click here to see the detailed schedule!

First Weekend:
Scottish invasion! The first weekend is geared more toward younger audiences with tons of shows, dancing, theater plays, music and magic for your whole family. Inpire your children to learn about Shakespeare or the Renaissance by dressing up for the weekend. Enter Costume contests, Stroll through a maze, play tons of games and get drenched too at court of St. Aidens!

Second Weekend:
Pirate and Barbarian Hordes invade the festivities on the second weekend. Let loose and have a jolly good time while you participate in Scavenger Hunts, Costume contests, and a Talk Like a Pirate Competitions.

FEATURING:
– FOUR stages filled with Heart pounding Action and fun
– hardcore jousting action
– over 900 costumed actors, with interactive and immersive 360 theater
– 100 shops with amazing wares and one of the kind artistic creations
MUCH MORE!!!

 

Visit their website for more details http://www.valhallafaire.com/#!

 

 

Apr 26 2012

Low-ball offers decline in the South Lake Tahoe,CA market

 

Last year, 10 percent of REALTORS® complained about receiving low-ball offers on listed homes — offers usually submitted by the buyer for 25 percent or more below the list price, according to a National Association of REALTORS® survey of its members. But that number has dropped drastically.

According to a survey this March of 4,500 agents and brokers, no REALTORS® complained about low-ball offers. The main problem nowadays: The sudden drop in inventory of for-sale homes has led to fewer homes available to sell.

A low-ball offer typically involves a contract submitted to a seller where the price proposed by the purchaser is 25% or more below list. Low-ball offers increase sharply when there’s a glut of properties available, asking prices are out of sync with local economic realities and values are depressed or uncertain.

For home buyers who still think they have a chance of hitting it lucky with a low-ball offer, they’re finding in many markets that their offers are more often being rejected or countered closer to the original asking price. It’s not different in our housing market here in South Lake Tahoe, CA. Lately I’ve been observing that this sort of strategy is not a winning move in many communities this spring. In fact, in our local market where inventory is getting tight and competition for homes are rising, buyers looking to steal houses by low-balling their offers are ending up at the back of the line — their contracts either rejected out of hand or countered close to the original asking price. Another reason low-ball offers are down might be because we’re seeing more homes come on the market that are more realistically priced.

If you are a home buyer it is very important to understand the housing market where you are planning to purchase property. Talk to a local real estate agent and get informed so you can have a better chance of not missing any good opportunities. Here in South Lake Tahoe you will find many great deals, but if you are planning on writing low ball offers you might need to change your strategy. Most homes for sale that are popping up on the market this spring are priced aggressively, especially REO’s and short sales. At this moment in our area, if a house is priced right it is selling fast and in many cases over asking price due to multiple-offers.

Here’s a graphic that shows how low the current inventory in South Lake Tahoe is compared with the past two years. This is causing some competition in our market.

 

 

 

Apr 24 2012

South Lake Tahoe Earth Day 2012

Earth Day 2012 in South Lake Tahoe, California will be held at the Bijou Community Park.

The event is happening on Saturday, April 28th from 10am to 4pm. It will feature live music, in addition to an abundance of recycle-themed arts and crafts, educational booths and local vendors with their goods on display.

Don’t miss these exciting Earth Day Events…

Alternative Transportation Raffle – Get a free raffle ticket if you take a form of alternative transportation to Earth Day and get entered to win prizes in our Alternative Transpo Raffle!

Bike Fix-It Booth – Bring your wheels to Earth Day to get all tuned up for bike season! Compliments of Sierra Ski and Cycle Works.

Kids’ Eco-Costume Parade – Don’t forget to dress up your little one in an eco-themed costume for our Eco-Costume Parade, starting at the main stage at 12:30. We are giving away a Kirkwood Season Pass for best costume!

Delicious local food and drink – Bring your appetite to support and enjoy food and drink available from Blue Angel Cafe, Kiwanis, Beach Hut Deli, Tahoe Tasties, and Free Bird. Yum!!

Live music and stage performances – Be sure to check the Event Schedule to catch both our local bands, Bison and Bandit and a very special performance from Willy Woggle’s Cirus!

Earth Day recognizes, celebrates, and promotes our region’s unique beauty while educating the public about local environmental issues. Bring your friends and family to learn about ways to counteract global climate change through recycling and composting, alternative energy, water conservation, sustainability, and reducing our ecological footprint. Enjoy local live music and dance, swing through the Kid Zone to make some recycle-themed arts and crafts, or get your face painted, and be sure to support or wide array of educational booths and local vendors. Food and local crafts will be available for purchase, and don’t forget to buy some raffle tickets for our huge Earth Day raffle!

For more information about the event please visit their website http://southtahoeearthday.org/

 

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