New Listing - Martis Camp Lot 149

8233 Valhalla Drive

Lot 149

$899,000

Beautiful site located near the Camp Lodge at Martis Camp. A short walk to the amenities or just take a hike out your door on the extensive 26 mile trail system. This site has great views of Northstar from the center of building envelope. Enjoy a bright orientation and great views.  You can see both Lookout Mountain and Backside of Northstar and peek golf fiews from your potential living room.  This area of Martis Camp is very desirable with many homes already built. Social membership available providing access to the Family Barn, Camp Lodge, Ski Connect and all the 5 star amenities of Martis Camp. 

Click here for more information or give me a call today! 

Katie Tyler

Realtor®

BRE 01442453

c 530 277 1012 

New Listing - Lahontan Lot 25

530 John Moody

Lot 25

Lahontan

$239,000

Located at the end of a quiet cul-de-sac this private home site is waiting for you to build your custom retreat. You will enjoy great sun orientation with views of the 5th green, the 6th fairway, peeks of the Carson Range and Northstar.  A unique offering that is a great value in the Lahontan community.  Prices are rising rapidly, don't miss this opportunity! 

Call me today or click here for more information! 

Katie Tyler

Realtor®

BRE 01442453

c 530 277 1012 

2014 Tahoe Truckee Market Update: May

Tahoe Truckee Market Update

May 2014

Luxury Sales Lead the Market in May

Sales of luxury resort property surged in the month of May with 23 homes selling for $1,000,000 or more. May is often a busy month as transactions entered into at the end of winter often close escrow during this period. And close they did with five Northstar properties trading, including another two sales of Home Run Residences above $2,400,000 plus another four properties in Squaw Valley from $435,000 - $853,000.  Martis Camp saw the sale of seven completed homes in May, including the highest sale ever published in that community for $7,050,000.  This home, sited near the ski slope and Alpine Lodge, combined with the recent sales success of Mountainside’s Home Run are strong indicators of an emerging premium for immediate access to the mountain and its activities, and an acknowledgment of the rising stature of Northstar as a world-class destination resort. 

 While Lake  Tahoe has been the principle draw to the region historically, a new generation of affluent consumers are finding the right fit for their families at Northstar. The opportunity to live luxuriously in the shadow of The Ritz-Carlton while engaging with nature in a setting conducive to quality time and activity with multiple generations is apparent. 

Average Price Increases

 Activity in the overall Tahoe region remained strong with 133 total transactions totaling $114,144,215, $20,000,000 more than the previous next best month year-to-date. While the total number of transactions exactly mirrors that same month in 2013, average price is 40% higher thanks to this overwhelming run of luxury sales. For the year, median price is up 16% despite a (previously) supply constrained market. 

As many potential sellers begin to realize that their home’s equity is nearing its peak value from 2006, the onslaught of new homes typical of spring has been magnified. 317 properties have come to market in the past 30 days alone bringing total inventory for the region up to 899. While this is far from an over saturated market, it does raise the supply to 7.5 months after hovering below 6 months for most of the past year. While many of these sellers are undoubtedly seeking irrational buyers through speculative asking price, the median asking price of all current inventory is only 2% above the median sales price for 2014; a strong indicator that the current velocity of sales should at least maintain at present levels. 

As we enter our summer season, one not dependent on any weather other than the predictably perfect daily high of 75 degrees, the region appears poised for greater success. Memorial Day Weekend, often a non-event for retail or transient activity based upon variable weather and school calendars, brought significant crowds and an earlier-than-usual start to the season. 

We hope you will find time to visit in the near future and look forward to keeping you updated on the dynamics of our market. 

Katie Tyler

Realtor®

BRE 01442453

c 530 277 1012 

2013 Year in Review

Truckee-Tahoe Market Achieves $1 Billion in Sales

If 2012 was the year of stabilization for the Tahoe-Truckee real estate market, then 2013 will be remembered as the rebound year.  The market saw the strongest demand for Lake Tahoe property in nearly a decade, with total sales topping $1 billion for the first time since 2005. Median and average prices grew by 15% and 16%, respectively, and total transactions reached 1,480, a 4% improvement over 2013.

This rebound was largely driven by the flourishing demographics of the Northern California feeder market, but was also impacted by the introduction of premiere new communities and the resurgence of certain luxury markets.  Highlights included:

·      Mountainside community at Northstar which surpassed $100,000,000 in historical sales as consumers became aware of the hyper-unique lifestyle afforded by ski-in/ski-out, on-mountain living. The combination of Martis 25, Home Run Residences, Constellation and The Ritz-Carlton Residences sold over 20 residences for more than $35,000,000 collectively.

·      Martis Camp continued its exceptional trajectory approximately 100 total sales. Tahoe lakefronts saw a shortage of inventory in 2013 (after a remarkable surge in 2012 sales) that resulted in fewer transactions but strong upward pressure on prices.

·      Homesites in Gray’s Crossing and Lahontan experienced a 271% increase in transactions over last year and property values were up by 50%

So, what’s in store for 2014? With an increasing sense of stability for employment and interest rates, this momentum should carry over into 2014. The market will be constrained by a lack of quality inventory.  While this could lead to slightly decreased figures for transactions and overall volume, it should have an upward effect on values.

Spending time with family and friends pursuing healthy and fun activities in this remarkably beautiful setting will never go out of style. Certainly, economic conditions may fluctuate, but interest in the Tahoe lifestyle will never diminish.

Katie Tyler

Realtor®

BRE 01442453

c 530 277 1012