Hello from Team
Rosner! In this edition of our South Tahoe real
estate newsletter, Doug Rosner shares his annual
real estate report where he shares his 36 years
Tahoe experience with you and offers predictions
hope you enjoy this quarterly newsletter. If you
have any questions for us, simply hit "reply"
and we'll be sure to answer you as soon as possible!
LAKE TAHOE REAL ESTATE REPORT
TO A “NORMAL MARKET”
Following the big bounce from
Summer 2012 through Summer 2013 off the "great
recession" bottom, our market stabilized in
2014 with values moving modestly higher. Buyer interest
remains high due to the fact there is only one Lake
Tahoe, and many vacation-home seekers (and investors)
want to enjoy a slice of our "paradise."
Stats were solid for 2014 with
a 7% increase in the median price of a single family
dwelling (6% for condos), yet we saw an 8% decrease
in total units sold. The decrease in units sold
is likely the result of fewer properties for sale,
and the natural “cooling off period” following the
strong demand in 2012 and 2013. The other significant
news in 2014 was the decline in foreclosures and
short sales. These “distressed” property sales
amounted to less than 5% of all sales activity bringing
us more in line with historical averages.
Click here to see statistics of
sales from 2014 and a comparison from 2013 to 2014.
Presently we have only 257
homes and condos available for sale in the South
Lake Tahoe City and County areas in our MLS, of
which 58 are pending, equating to 23% of our inventory
in escrow. This percentage is less than last year,
but is still a good number. (Data from 1/15/15). The
historical swing in residential inventory over the
past four decades runs from a low of about 65 active
listings in 2005 to a high of nearly 1,300 in the
early 80’s. The highest
historical percentage of pending sales to listings
is about 50% in 2005 and we have been as low as
Looking ahead into 2015 the
experts are forecasting continued stability and
somewhat fewer sales. Prices are forecast to move
"sideways" plus or minus 5% of year-end
2014 values. Perhaps the "wild card" is
interest rates. The Federal Reserve Board has been
signaling that they intend to begin raising interest
rates some time this year,
but as I write this report mortgage rates continue
to decline, and now stand in the mid to higher 3%
CONTINUES TO DOMINATE
Our Chase International company
more than doubled its closest competitor once again
in 2014 with a 22% market share in South Lake Tahoe.
I’m also happy to report that with $13 million in
sales I was again one of the top five producers
in 2014 amongst our 445 MLS members. I have
you to thank for my continued success. I will
continue to take the responsibility of representing
my clients very seriously.
here to see a chart of Chase's
market share in South Lake Tahoe.
Our outstanding assistant and
transaction coordinator, Jen Spina, expertly juggles
our team office and transactional details. My son
Bryan Rosner is a buyer-representation expert, and
backs me up as needed. Bryan and my daughter-in-law
Leila take care of my three Tahoe grandkids, Judah,
7 and Addison, 4, and baby Coralie! Doug Rosner
has been married 39 blissful years to wife Diane
(all in Tahoe!), and we also have daughter Jen,
son-in-law Yonah and grandbaby
Carmel in Israel!
If I may be of service to you,
or any of your friends or relatives, please call
me. And, referral clients are always appreciated
if you know anyone looking to buy or sell at Tahoe.
Thank you for your past business, and I look forward
to serving you in the future.
You can search the South Lake Tahoe MLS, California
and Nevada, any time, by
(email me at email@example.com)
- Doug's 2014 Recap: