Tag Archive: news

Feb 05 2016

South Shore Community Revitalization Project

 

The US 50 / South Shore Community Revitalization Project (also known as the Loop road project) is a community development project that addresses contemporary affordable housing needs, economic development catalyst needs, pedestrian, bike, and transit needs, auto needs, environmental improvement for water quality, green house gas reduction, other air quality improvement, and scenic improvement consistent with the City of South Lake Tahoe and Douglas County Master Plans, Local Area Plans, and the Tahoe Regional Planning Agency Land Use Plan.

A community meeting about the project is being held on Wednesday, February 10th from 4:30pm-7pm at the South Tahoe Middle School located at 2940 Lake Tahoe Blvd. in the Multi-Purpose Room Gym. Information on this project is available online at  http://www.tahoetransportation.org/us50. The meeting will feature a presentation of the project.

Questions about the project are being taken in advance. You can submit your questions to:
Tracy Franklin at tfranklin@cityofslt.us
Questions must be received by 5pm on February 8th.

Here’s a list of some of the benefits that will be provided by this project:

  • Realigning traffic would reduce commercial core congestion. Fewer idling vehicles would also cut emissions for better air quality.
  • Walking, biking and reliable transit would be popular transportation options on a safer, “Main Street” with community gathering places.
  • Commercial core revitalization would increase visitor spending and catalyze substantial, adjacent private construction investment.

The project is not only intended to revitalize the South Shore of Lake Tahoe but will also integrate with numerous existing and planned Projects including the following:
• Nevada Stateline to Stateline Bikeway – South Shore Demonstration Multi-use Trail from Stateline to Round Hill Pines Resort
• Harrison Avenue Improvement Project
• US 50 Water Quality and Bicycle and Pedestrian Improvement Project – Ski Run to Trout Creek
• Linear Park Multi-use Trail
• Van Sickle Bi-State Park
• Transit Shelter and Service Improvements
• Kingsbury Grade Improvement Project
• South Tahoe Greenway (future)
• Lake Tahoe Passenger Ferry Project (future)

Join the community meeting or visit their website for more information http://www.tahoetransportation.org/us50

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


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