lake tahoe, market update, realtor, february

Hello February!

Though the month of February is a short one, it is filled with lots of love and special moments. In the realm of real estate, this month holds promises of new beginnings, fresh opportunities, and the potential for a real (estate) love story. Read on for seasonal tips to consider, key real estate updates, and local events curated just for you!

Real Estate in the News

Mortgage Rates Have Dropped Quickly: How Low Will They Go In 2024?

Homebuyers received an unexpected gift around the holidays as mortgage rates dropped rapidly late last year...the question on the minds of many aspiring homebuyers is just how low mortgage rates will drop this year.

Courtesy of Realtor.com

Market Stats

Top 3 Market Highlights in Lake Tahoe & Reno

$608K

Average Sales Price Home for Reno, which is 14% higher than December 2022. 

58

Sold listings in North Lake Tahoe + Truckee, which is 5.5% higher than December 2022. 

50

Average Days on Market in Incline Village + Crystal Bay, Nevada, which is 131 less days than December 2022.

Local Happenings

EVERY THURSDAY

Sierra-at-Tahoe Night at McP's

This winter, on Thursday nights, 8:00 pm, join Sierra-at-Tahoe Ski Resort at Sierra Nights at McP’s, where drink specials, giveaways, and friends meet as you break it down to the DJ!

FEBRUARY 9TH & Each friday

Fish Taco Friday at the Riva Grill on the Lake

Every Friday the fun starts at 6:30 and goes to 9:30 PM. After hitting the slopes and getting your share of turns, head down to Riva Grill in South Shore to enjoy some live music, fish tacos, drink specials, raffle giveaways and more for Fish Taco Fridays.

february 17th & 18th

Lake Tahoe Winter Reggae Festival

The Lake Tahoe Reggae Festival is bringing the good vibes to the Tahoe Blue Event Center for Lake Tahoe Winter Reggae Festival. “I can’t think of a better pairing than hitting the slopes in the morning followed by grooving to reggae in the evenings. Our team is excited to be back in Tahoe, continuing to invest in the market.” 

Lifestyle Tips and Tricks

Real Estate and Design Trends to Watch in 2024

Staying abreast of what’s new and innovative in design and real estate is important, not to be trendy but to learn about innovative materials, systems and products to live more sustainably and benefit the planet.

Courtesy of the National Association of Realtors

20 Most Affordable Places to Live in the US

With the cost of living on the rise, many Americans are on the hunt for the cheapest places to live in the U.S. that still offer a high quality of life.

Courtesy of Forbes

5 Things You Need to Try at the New Aerie Lodge in Copper

Warm up, eat up, and drink up at this step-up from the traditional ski lodge.

Courtesy of 5280

16 Steps to Boost Your Home's Value

Hint hint: Updated kitchens, stone veneer exteriors, and converted attic bedrooms are money well spent.

Courtesy of HGTV

Foolproof Paint Colors that will Sell your Home

Selling a home with an electric, lime-green living room is going to be more difficult than you originally anticipated.

Courtesy of HGTV

Just Sold

1157 Country Club Drive

6 BD 5 BA 4322 SF $2,200,000

Professionally landscaped yard welcomes you to a must see one of a kind home on the 5th Lake Tahoe Golf Course with breathtaking 180 degree views of the golf course and mountains through large floor to ceiling windows. Please note: The total land area of 36,155 sq. ft. (.83 acres) consists of three SEPARATE legal parcels. The house rests on a a center parcel of .3 acres with a vacant parcel of .25 acres adjoining the left side and an additional .28 acres vacant lot which adjoins the right side. The home was fully rebuilt in 2006 with 6 bedrooms and 5 baths, an expansive European style kitchen, granite countertops with huge island, counter depth refrigerator and freezer and a walk in pantry with separate sink. The recreation room which opens onto the back patio provides maximum entertainment potential with a full wet bar, pool table, TV, etc. Additional features include custom cabinetry throughout, central vacuum, approx. 250 sq .ft. of finished attic, laundry facilities on each level, oversized garage and paver walkways and driveway with hydronic snow melt system. 

Featured Listings

SOLD - by pamela francis

1157 Country Club Drive

6 BD 5 BA 4322 SF $2,200,000

In Escrow

1261 Country Club Drive

4 BD 4 BA 2598 SF $1,350,000

Thanks for reading! Ready to achieve your next real estate goal?

Reach out to chat!

Compass is a real estate broker licensed in the State of Nevada and the State of California operating under multiple entities. DRE License Numbers 01991628, 1527235, 1527365, 1356742, 1443761, 1997075, 1935359, 1961027, 1842987, 1869607, 1866771, 1527205, 1079009, 1272467. All material is intended for informational purposes only and is compiled from sources deemed reliable but is subject to errors, omissions, changes in price, condition, sale, or withdrawal without notice. No statement is made as to the accuracy of any description or measurements (including square footage). This is not intended to solicit property already listed. No financial or legal advice provided. Equal Housing Opportunity. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions.

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South Lake Tahoe Newsletter - February 2024

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