Trudi Lee Sells Carnelian Bay Estate

Jan 23, 2017 — Truckee - Downtown, Sierra Sotheby's International Realty

Sierra Sotheby’s International Realty’s Trudi Lee Sells Carnelian Bay Estate for $1,010,000. Truckee, CA (January 13, 2017) – Trudi Lee of Sierra Sotheby’s International Realty recently closed the sale of 5009 California Street in Carnelian Bay, California for $1,100,000. A truly remarkable Lake Tahoe retreat with breathtaking views of the lake and surrounding mountains, this home is situated across the street from the sandy Carnelian Bay beach and iconic local hotspot, Garwoods Grill & Pier. This spacious six bedroom, four bath and two kitchen home is ideal for a variety of uses as it is located in multi-class zoning.

Andy Moore Joins Sierra Sotheby's

Dec 22, 2016 — Truckee - Downtown, Sierra Sotheby's International Realty

Sierra Sotheby’s International Realty Welcomes Andy Moore to Downtown Truckee Office Truckee, Calif. – Sierra Sotheby’s International Realty is thrilled to welcome Andy Moore to the Downtown Truckee office. Andy Moore is a licensed California broker and Nevada agent who offers service to his clients interested in both the California and Nevada sides of Lake Tahoe and surrounding areas. He has successfully navigated his transition from law practice to luxury and lifestyle real estate sales. He now primarily represents buyers and sellers of luxury homes in the Sierra Foothills, where he grew up and remains well connected and involved in the local communities. Andy Moore also regularly advises and represents high net worth clients seeking to buy Lake Tahoe "lifestyle" homes, and is enthusiastic about working alongside Sierra Sotheby's International Realty's best Lake Tahoe agents with a long-standing local presence and expertise.

Sierra Sotheby's Opens at Northstar Village

Nov 21, 2016 — Truckee - Downtown, Sierra Sotheby's International Realty

Sierra Sotheby’s International Realty Expands to Village at Northstar Truckee, CA (November 21, 2016) Sierra Sotheby’s International Realty  expands to the Village at Northstar. On the cusp of winter, Sierra Sotheby’s International Realty’s expands its presence in Lake Tahoe to include all of the “big three” ski resort Villages; The Village at Squaw Valley, The Shops at Heavenly and now The Village at Northstar. This brings the region-wide office count for the independently owned luxury real estate brokerage to a total of nine locations throughout Lake Tahoe and Truckee.

North Lake Tahoe Third Quarter Market Report and Summary - Record Breaking!

Oct 13, 2016 — Breck Overall, Sierra Sotheby's International Realty

As promisted, here's my summary and review for the third quarter in North Lake Tahoe. It was record-breaking, with the highest number of transactions in a single quarter in the history of the North Tahoe Truckee real estate market. There were 535 properties sold, resulting in just under $500 million in transactions. This is a 28% increase over the third quarter of 2015. The average price for residences sold this quarter is $897,486, which is also up by 15% over this same period last year. Our third quarter performance has contributed to a positive year-to-date report. Our total sales volume has already exceeded $1.6 billion this year!The addition of good inventory, low interest rates and overall confidence in the market have all been drivers for the market activity in Tahoe. The segment of our market most responsible for these impressive numbers is the luxury market ($1 million or higher). We have already sold more properties in this segment of the market than we did in all of 2015. Most notable is the activity in Martis Camp, which accounted for 18% of the total sales in our market. However, almost every neighborhood in north Lake Tahoe saw positive gains in sales volume and average price. Some people have raised the concern that these numbers are indicative of another "bubble." What gives me comfort that we are not doomed again is the fact that our median price increase year over year is rising at a more normal rate of 5%. The gap between the increase in average price and median price is directly a result of the huge increase in sales volume in the luxury end of the market. More importantly, the properties are now being purchased with either cash and/or strongly vetted loans. The tougher lending regulations and scrutinizing by the banks make the loans today less leveraged and less likely to default. Additionally, the job growth in our feeder market (the Bay Area) continues to pump money into the hands of prospective vacation home buyers in Tahoe; and the indications are that this is not slowing down anytime soon. Furthermore, many of these Bay Area families are concluding that they can afford more in Tahoe than they can in their own primary residential neighborhoods. The telecommuting is also getting easier and easier, making a home in Tahoe a more realistic part-time residence for many Bay Area employees. We are two weeks into the 4th quarter and the year-to-date momentum and optimism for a good ski season will fuel a strong finish to 2016. There are currently 293 properties in escrow for almost $200 million in additional sales. There's still a good selection of properties to choose from, and it's a great time to take advantage of low interest rates in order to secure your vacation home in time for the upcoming ski season. I look forward to helping you find the perfect property. The Tahoe, Truckee and surrounding area real estate market performs quite differently from the national average. Market trends can vary dramatically from neighborhood to neighborhood.  When you are contemplating the purchase or sale of a home, micro-market data from your neighborhood can make a big difference. Therefore, our Sotheby’s International Real Estate team has compiled a detailed report of the market by neighborhood. If you want to dive into more details for the market statistics, I have just the tool for you: Micro Market Reports.To keep you as up to date as possible on the market, below is a quick update on the new listings and my Top Pick of the Week. Keep in mind that the listings noted below are only new listings in the last seven days. I can send you all current listings that match your criteria. MY PICK OF THE WEEK Donner Lake Personal Favorite - This home was on the market a few years ago and I fell in love with it. It's back on and I'd be all over it if I were in the market. It's a killer lakefront home on Donner Lake. This property consists of a beautiful 3,000 square foot lakefront home, a 2-bedroom apartment above the 3-car garage, and three free-standing studio cabins. Talk about a great family compound and/or an outstanding rental property! (Rental history is available.) Enjoy breathtaking views from the great room and master suite. It’s located on the sunny side of Donne Lake and has its own pier and dock for your water toys and boats. Please buy this home so I can come visit by boat next summer! Click Here to View Property Below is a breakdown of the new listings which came on the market in the last seven days. Please contact me if you would like to view all current listings that match your criteria.NEW LISTINGS – HOMESITES​​​

Lake Tahoe Luxury Home and Lifestyle Tour

Jun 18, 2016 — Breck Overall, Sierra Sotheby's International Realty

This is an exciting week...We are hosting the 2016 Lake Tahoe Luxury Home and Lifestyle Tour this Saturday from 10am to 3pm. I invite you to enjoy a self-guided tour of over 40 extraordinary lakefront, ski, golf and ranch properties with values up to $15 Million. Attendees are also invited to experience the Maserati Quattroporte S Q4 (AWD), Ghibli S Q4 (AWD), and GranTurismo during an exclusive Niello Maserati Ride and Drive. I will have three of my own listings on this tour and look forward to seeing you. This is a unique opportunity for prospective homeowners and those simply interested in a glimpse into the luxury mountain lifestyle to participate in a lake wide open house hosted by us, Sierra Sotheby's International Realty. The tour will feature a selection of Tahoe's most exquisite lakefront, golf and ranch properties; and will highlight Tahoe's distinct lifestyle options throughout Lake Tahoe, Truckee and the surrounding area. What makes this event even more thrilling is the fact that luxury auto dealer Niello Maserati of Sacramento has partnered with us to compliment this extraordinary home tour with an exclusive Ride and Drive experience. You can pre-register for the opportunity to test drive three different models throughout the day, including the Maserati Quattroporte S Q4 (AWD), Maserati Ghibli S Q4 (AWD) and the Maserati GranTurismo. Other models will be on display at select homes.Select homes will offer the opportunity to win tickets to the Lake Tahoe Shakespeare Festival. You can also enjoy refreshments at the open houses along the way. Not a bad way to spend aSaturday!If you want to test drive the Maseratis, you'll need to pre-register. Call or email me for more details or visit TahoeOpenHouseEvent.com. Here you can also find the interactive online map of the homes. I hope to see you at one of my listings.Below is a breakdown of the new listings and my Top Picks of the Week. Keep in mind that the listings noted below are only new listings in the last seven days. I can send you all current listings that match your criteria.MY PICK OF THE WEEK

It's Still Snowing! - March 24th, 2016

Mar 24, 2016 — Breck Overall, Sierra Sotheby's International Realty

We got a nice surprise this week…It snowed just over a foot in Tahoe on Monday night.Tuesday morning skiers got to enjoy a foot of fresh powder on the ski slopes. By the afternoon the sun was back out and it was absolutely gorgeous with blue skies and white mountains. You’ve got to love springtime in Tahoe!

Ski – Skate Week and Market Update – February 18, 2016

Feb 18, 2016 — Breck Overall, Sierra Sotheby's International Realty

Because the big picture and every little detail count. Proudly Affiliated WithSierra Sotheby's International Realty Greetings,It's Ski-Skate Week in Tahoe, and it has been a good one so far. We've had beautiful sunny days with 50-degree temperatures, and families have been enjoying perfect spring-like ski conditions. Now for the second half of the week, we're going to have powder skiing. The storm rolled in last night and dumped up to 21 inches of new snow on the ski resorts in Tahoe. To say that it dumped last night is an uderstatement. It's a winter wonderland again in Tahoe. You can always check the snow conditions for the ski resorts on the Sierra Sun Snow Report. Get out and ski!The nice weather earlier this week was not only ideal for skiing, but it also resulted in a lot of property tours and walk-in traffic to our sales galleries and open house events. I was slammed with back-to-back tours all day every day between last Saturday and Tuesday; and I'm not the only agent experiencing this volume of demand from clients to shop for properties. We'll see another wave this weekend. The roads are going to be clear, making it an easy drive for visitors. Furthermore, this new snow will certainly inspire families who aren't here already to come hit the slopes in Tahoe this weekend. Buyers are not only touring properties....They are making buying decisions. We currently have 141 residences and 34 homesites in escrow in North Tahoe. The last seven days are responsible for 32 of these new escrows. The bulk of the sales activity is taking place in the vacation home neighborhoods, which is my area of expertise. Additionally, 42 of these pending sales are priced over $1M and eight are $3M or higher. This equates to 15% of the total available inventory for luxury properties in North Tahoe ($1M or higher). If you add this to the 27 that have sold since January 1st, we have less than four months of supply of luxury properties in North Tahoe. This is a healthy market for the Tahoe region; and it's gaining momentum. There was also a bump in listing activity this week as sellers are feeling the demand from buyers and recognizing the short supply. There were 44 properties added to the Tahoe Sierra MLS since last Thursday. Below is a breakdown of the new listings and my Top Picks of the Week. Keep in mind that the listings noted below are only new listings in the last seven days. I can send you all current listings that match your criteria.

Upcoming Events in Tahoe - Market Update February 11, 2016

Feb 11, 2016 — Breck Overall, Sierra Sotheby's International Realty

The middle of February is upon us and winter is in full swing. Hopefully, your ski legs are ready for this holiday weekend. This Friday kicks off President's Weekend, and many schools have the whole week off for Ski-Skate Week. This always proves to be one of the most fun winter weeks for families in Tahoe. Not only are the ski conditions great, but there are tons of other fun activities and events planned for families to take advantage of in North Tahoe.  To kick off the weekend in style the Truckee Tahoe Humane Society is hosting their annual fund raiser at the Ritz Carlton “Black Tie and Tails."  This is a one-of-a-kind fund raiser as many guests will bring their canine companions. The event is this Saturday, February 13th 5:30-11:00 pm at the Ritz Carlton, Lake Tahoe. Northstar Resort and Squaw Valley both have full calenders of fun events including Sunset Snowshoe tours, Family skate night, Broomball (bring a team of six) and live music. Check out the details: Northstar Calendar and Squaw Calendar.Another exciting activity that has just been added to the list of options is snowcat skiing. That's right, you can now go ski the Tahoe backcountry via snowcat tours!  It was just announced this week that snowcat skiing is being offered in North Lake Tahoe. Here's a link to the article in the Sierra Sun with the details: Snowcat Tours There's plenty to choose from when making your plans to play in Tahoe. Don't hesitate to call me for more suggestions. Wherever your plans may take you this weekend I hope you have a great time; and remember now is the time to buy a home in Tahoe and start creating traditions and memories. Ski-Skate has traditionally been a busy week for real estate as well. If you're going to set aside some time while you're up here to look at properties, let me know and I'll send you all of the current listings that fit your criteria. Many of the homes will be occupied over this holiday period and will require advanced notice to tour. So, please give me a heads-up and I'll arrange access to the properties you want to see. I look forward to helping you explore your options.As far as new inventory, there were 48 properties added to the Tahoe Sierra MLS since last Thursday. Below is a breakdown of the new listings and my Top Picks of the Week. Keep in mind that the listings noted below are only new listings in the last seven days. I can send you all current listings that match your criteria.
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