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Welcome to your February,
2015 Real Estate Report

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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 for 2015.

We 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!

​- Team Rosner


SOUTH LAKE TAHOE REAL ESTATE REPORT
​by Doug Rosner


BACK 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."

 

STATISTICS

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.

 

SUPPLY AND DEMAND

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 7%.

 

FORECAST

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% range! 

 

CHASE 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.
Click here to see a chart of Chase's market share in South Lake Tahoe.

 

ROSNER TEAM MEMBERS

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 or email 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 visiting our website

 

Yours very truly, 

 

 

Doug Rosner (email me at dougrosnertahoe@gmail.com)

(877) 601-3030 office

(530) 314-9221 cell


Video - Doug's 2014 Recap:

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Sign up for New Listing Notifications


​​Searching the MLS daily for the right home can be time consuming and exhausting. What if you are on vacation and you forget to check the MLS, and you miss your dream home? Now you can easily sign up for new listing notifications, enter your search criteria, and you will be automatically notified when new listings become available!

You can sign up for notifications in both California and Nevada.

Learn more now

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Meet Our Newest Team Member

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Jen joined the Rosner team in Oct. 2013. As the Team Rosner Transaction Coordinator, Jen is responsible for handling most of the paperwork and documents involved in a transaction to keep things moving along as smoothly as possible. Thanks to current technology, much of a transaction can now actually be paperless thanks to the online signature program, Docusign. Throughout a transaction, you can expect for Jen to be in touch with you by email or phone and she is always willing to help out.

Jen and her family, husband Mike, son Kale (15), and daughter Bella (12) have been in Tahoe since 1999. Jen also works part-time at Lake Tahoe Community College in the PE department teaching fitness and volleyball classes. She enjoys spending as much time as possible, year-round, in the outdoors taking advantage of all of Tahoe's excellent adventure opportunities.

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Featured Listing

Gigantic Lake View!
The HOPE DIAMOND of Montgomery Estates with over 6,000 square feet of living area (per assessor records), and fabulous LAKE and mountain views on an approximate 1/3 acre parcel consisting of lush landscaping, towering trees and iron perimeter fencing. 

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Call us Toll Free
(877) 601-3030

Chase International South Tahoe Realty
989 Tahoe Keys Blvd
South Lake Tahoe, CA 96150
(877) 601-3030

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