New- Best Buy!

Bank owned 658 Tumbleweed Cir.- beautifully remodeled with high-end finishes, 4 beds, 2.5 bath just under 3,000 sq ft home new to the market and NOT in the Incline Village MLS. $549,000

658 Tumbleweed Tour call me to view today

New Listings

view 6 new listings

577 Tyner- panoramic lake views built 1994 with 3,832 sq ft $2.299M

748 Lakeshore- across from Burnt Cedar Beach rebuilt with 3,914 sq ft $2.25M

933 Northwood “The Pointe” #1- lake views, single level luxury 4 bed condo $1.359M

120 State Rt 28 “Stillwater Cove”- lake front complex with beach and boating facilities, 1 bed unit $950,000

451 Country Club- Fronts the Champ. golf course, bright and open floor plan with 3 beds $929,000

875 Southwood ”L’Ermitage”- Low elevation, close to the beach, 2 beds w/ 1 car garage $359,000

Just Sold

view 5 sales

New Pending Sales

view 7 new pending sales

New Price Reductions

view 15 price reductions

CUPERTINO, CALIFORNIA – (FEBRUARY 9, 2012) – Tom Dallas, the San Francisco Peninsula real estate icon, is teaming up with Intero Real Estate Services to kick off their new Woodside office set to launch at the end of February.  Alongside real estate partner, David Kelsey, Tom will be getting down to business in his home town where if you don’t know Tom, Tom knows you.  Don’t be surprised if you run into him at Roberts Market or enjoying breakfast at Buck’s or The Bakery. With a passion for art and a deep appreciation of fine architecture, he is excited to get down to business in your neighborhood.

Tom joins Intero with 31 years of experience and over $2 Billion in career sales.  A resident of the Peninsula since 1952, he specializes in the select high-end markets of Woodside, Atherton, Portola Valley, and Menlo Park. “In such a dynamic real estate market, I’m thrilled to be aligning with a company that has the momentum to keep up and to be back with my friend and mentor Alain Pinel, who also recently joined the Intero family.”  Tom said in a statement today.

In 2000, out of 80,000 agents, he was named the #1 Coldwell Banker agent worldwide and represented the year’s two largest sales in both Woodside ($52,500,000 and $24,500,000) and Atherton ($45,000,000 and $30,000,000).  These amazing achievements define the most successful year of any agent in the history of California real estate.  “To have a Realtor with such a legendary background joining the Intero team is really energizing.” says Gino Blefari, President and CEO of Intero Real Estate Services, Inc. “As one of the #1 agents in the world; Tom’s expertise in the high-end market is extremely beneficial to Intero’s growth and expansion into the luxury market.”

View all Intero Real Estate Office Locations in California and the Western US
Intero Woodside office to open at 1580 Canada Lane Woodside, CA 94062

About the Intero® brand Founded in 2002, Intero Real Estate Services, Inc. has quickly become one of the premier real estate brands in the U.S.  In 2004, Intero Franchise Services Inc. began franchising and currently is operating in many of the western states.  In 2009, Intero International Franchise Services, LLC embarked on developing territories in Asia Pacific, Europe, Middle East, Africa, and the Americas.  The companies are private and headquartered in California’s Silicon Valley.

Intero opens a new office at Jones Vargas Center, 300 E. Second St., Suite 1409 in downtown Reno, NV adjacent to the Reno Aces ballpark- stay tuned for more info.

InteroReno.com

Single Family Homes

Higher-end sales continue to fall, $500,000 and under price range stabilizing. Median home price stable at $306 per sq. ft.

The number of single family home sales in Incline Village took a tumble in 2011, down 17% from 2010. The hardest hit sector was the $1M to $2M price range, units sold was off 32% from 2010. The low end of the market fared much better, with homes sold between $250,000 and $500,000 nearly on par with 2010.

The median sales price of single family homes dropped 8% to $771,500 while the average sales price dropped significantly, off 14% to $1,238,514, reflecting the lack of high-end sales. There were only 3 lakefront sales in Incline Village and Crystal Bay in 2011, compared to 7 in 2010. However home sales with panoramic lake views jumped 75%, showing a preference among buyers for this feature, above all others.

Perhaps a better metric to look at is the median price per square foot, as the type and size of homes sold can sharply impact the sales prices. The median single family home price per square foot was only off 2% to $306 in 2011. This shows with the exception of the high end of the market, the mid-range is selling nearly on par in sq. ft. pricing as 2010. This is indicative of a flat market, where the high end has come down significantly in pricing, but pricing has stabilized in the low end of the market.

On a positive note, the number of short sales dropped 11% in 2011, and cumulative days on market (factoring homes that were relisted) dropped 40% to 233 days, although this listing period is still quite high compared to other regions.

The most popular neighborhoods for home sales in 2011 were Lake View Subdivision within walking distance of Lakeshore Blvd. and Burnt Cedar Beach, followed by Upper Tyner and Ponderosa with several lake view homes. This was a reversal from 2010, where the most homes were sold in Jennifer, the Championship Golf Course area, and Lower Tyner. Fifteen homes sold over $2M in 2011, the highest sales price was $9,050,000 for 935 Lakeshore Blvd., a prime beachfront estate with 11,551 sq. ft. living area.

PUDs (freestanding townhomes)

Under $1M sales dominated in 2011 fetching a lower sales prices, number of units sold stable while median price per square foot drops to $259.

The number of PUDs sold is on par with 2010, dropping only 3% (only 1 less unit sold). 2011 sales numbers were actually up in the under $1M range, but higher end sales over $1M far fewer than 2010. Relative to the drop in high end sales, median sales price dropped 42% in 2011, but median price per square foot was only off by 14% to $259. There were several in “The Glen” in 2010 in the $1- $2M price range that elevated sales #’s for 2010. Cumulative days on market dropped 10% to 328 in 2011 (still high), and shorts sales were up- 1 additional unit in 2011.

The most popular complexes in 2011 were Tyrolian Village/Tyrolia, followed by Incline Creek Estates and Country Club Villas. Only one sale closed for over $1 Million in 2011, a newer construction, four bedroom Incline Creek Estates unit by the creek sold for $1,121,001 in June.

Condos

$500,000- $1M condo sales jump with pricing up slightly, median price per square foot at $238.

The number of condos sold in 2011 in the $500,000 to $1M price range jumped 73% in 2011, where the number of sales both above and below this price range dropped. Average price was actually up 2% in 2011 with average price per square foot stabile at $272. There were 10 lakefront condo sales in 2011, up from 6 in 2010. The number of short sales dropped in half in 2011, and cumulative days on market was up 13% to 318 days.

The most popular complexes in 2011 were McCloud, followed by Bitterbrush, Third Creek and Forest Pines. Only four condos sold over $1M in 2011, the highest priced sale was $2,250,000 for a beautiful, three-story Crystal Bay Cove unit on the Lake that I represented the Seller for last January.

January, 2012 Market Update

305 active listings- 152 homes, 40 PUDs, 113 condos. 57 priced over $2 Million, 66 priced $1- $2 Million, and 182 priced under $1 Million.

39 listings in escrow currently- 21 homes, 4 PUDs, 14 condos. This includes 6 properties over $1M, one of which is a lakefront in Crystal Bay priced at $3.5M (nearly half of its original list price in 2007 of $6.25M)

19 sales for January, 2012- 9 homes, 2 PUDs, 8 condos. 3 priced over $1 Million, 9 priced $500K – $1 Million, 7 priced < $500,000.

Data from Incline Village, NV MLS, deemed reliable but not guaranteed.

Current Incline Village Foreclosure List- February 2, 2012

(View all current properties in default)

Updates for Current List:

CANCELLATION OF DEFAULT (Removed from list)

1082 Flume, APN 130-163-02, TS#18986NV, Rec. 1/23/12

520 Lucille, APN 124-063-15, TS#10-0122594, Rec. 1/27/12

SOLD (Removed from list):

597 Ponderosa, APN 122-127-15, Rec. 1/30/12, U.S. Bank, 800 Brooksedge Blvd., Westerville, OH 43081 – Sold for $402,000

725 Fairview – Incline Pines #39, APN 126-301-01, TS#NV1100037084, Rec. 1/24/12 – Sold at Trustee’s Sale for $348,069

807 Alder – Woodstock #67, APN 132-052-01, TS#149366NV, Rec. 1/31/12 – Sold for $155,000

915 Fairview, APN 126-263-06, TS#144574NV, Rec. 1/26/12 – Sold for $650,000

NEW REO:

1513 Tirol Dr., APN 126-580-13, TS#11-0012899, Rec. 1/26/12 – Back to beneficiary; no recorded docs yet

NEW NOTICES OF SALE:

866 Northwood – Northwood Est. #30, APN 124-340-30, TS#10-02-2520-NV, NOD Rec. 9/20/11- TRUSTEES SALE POSTPONED UNTIL FRI. 3/2/12 AT 11AM

989 Tahoe Blvd – Tahoe Racquet Club #67, APN 127-362-27, TS#3958 & 11-40656-WF-NV, NOD Rec. 8/12/09 & 4/25/11 – TRUSTEES SALE POSTPONED UNTIL TUES. 2/28/12 AT 11AM

903 Jennifer, APN 125-361-04, TS#11-40199-WF-NV, NOD Rec. 2/2/11 – TRUSTEES SALE POSTPONED UNTIL TUES. 3/6/12 AT 11AM

522 McDonald, APN 124-072-08, TS#NV09004384-10-1, NOD Rec. 8/9/10 – TRUSTEES SALE POSTPONED UNTIL MON. 2/6/12 AT 11AM

Pending home sales continued to gain in November and reached the highest level in 19 months, according to the National Association of Realtors®.
Read article from NAR

Housing Affordability is Now at a Record High.

San Jose Mercury News article

The second home market in Tahoe has dropped 30-40% from the peak in 2006. Prices are stabilizing and vacation rental occupancy has increased the past two years. We are poised to see renewed interest in Tahoe home buying as Bay Area buyers see relative value with four season appeal, so easily accessible as a weekend getaway.

BuyTahoeHomes.com