Lake Tahoe Shakespeare Festival ramps up for 2014 with support from Sierra Sotheby’s International Realty


7Jul 2014

Photo by Joy Strotz

This year’s Lake Tahoe Shakespeare Festival comes to the Sand Harbor State Park shore July 11-August 24, with William Shakespeare’s As You Like It as the featured production of the summer.

Other performances featured throughout the summer include the Reno Philharmonic Orchestra’s Broadway on the Beach: Bravo Broadway, Chautauqua: Thomas Edison and Henry Ford, Sierra Nevada Ballet: Swan Lake at the Lake, Reno Jazz Orchestra: Bring Me the Funk of James Brown, Tahoe Players: Sweeney Todd, a soul music performance by Brooker T. Jones, and enjoy a spectacle of visual artists, dance, storytelling, and live music during the Trails and Vistas World Concert.

Sierra Sotheby’s International Realty is a proud sponsor of the Lake Tahoe Shakespeare Festival, and is featuring the event in an in depth editorial in this summer’s publication of Tahoe Legacy, out on display lake wide as of the beginning of July. Also check out Tahoe Legacy to get a promo code for a discount on event admission.

“Lake Tahoe Shakespeare Festival is exactly the kind of event we love to align ourselves with, it offers so many aspects from superior performance theater to educational opportunities for young actors. It brings not only our community together but visitors from all around,” President of Sierra Sotheby’s International Realty, Peter Strand said. “There is nothing like attending an outdoor theater performance at Sand Harbor’s venue, and we are thrilled to be a part of it.”

Event sponsorship is a crucial aspect in order to continue the company’s 42-year legacy of outdoor performance theater in Lake Tahoe, as well as efforts to nurture the budding talents of young actors through the D.J. Menchetti Young Shakespeare Program, InterACT Workshops, and Midsummer’s Camp.

For more information about this year’s Lake Tahoe Shakespeare Festival performances, learning opportunities for young actors, to make a donation, or to purchase tickets, visit www.laketahoeshakespeare.com, and “Like” their Facebook page www.facebook.com/LakeTahoeShakespeareFestival. Look for their editorial in Tahoe Legacy magazine in all Sierra Sotheby’s International Realty office locations, in racks lakewide, and at www.sierrasothebysrealty.com.

The Sotheby’s International Realty® organization began in 1976 to provide clients estate disposition services and representation of extraordinary luxury real estate throughout the world. Sierra Sotheby’s International Realty® local brokerage offices enable sellers and buyers to find representatives experienced in offering exceptional homes in Lake Tahoe. For more information, visit www.sierrasothebysrealty.com, search #SierraSIR on Twitter,“Like” us on Facebook, follow us on Pinterest, check out our blog at www.tahoerealestatediary.com and call one of our offices: (Squaw Valley) 530-581-1800; (Incline Village) 775-832-4900; (Zephyr Cove) 775-588-7710, (South Lake Tahoe) 530-494-7600; (Tahoe Donner)530-587-3505.

Luxury Home Marketing and Buyer Sales Strategy trends in Reno-Tahoe


3Jul 2014

Sierra Sotheby’s International Realty’s Randy Roesch recently completed a luxury home marketing training offered by the Institute for Luxury Home Marketing, as well as a sales strategy study conducted by the Council of Residential Specialists of the National Association of Realtors in response to the growing need for high-level real estate marketing demands in Reno and Lake Tahoe.

The Luxury Home Marketing course covered such topics as demographics of the affluent,  lifestyle segmentation, trends and amenities in today’s luxury home product, and creating a marketing plan for the multimillion dollar property. The course was taught by Laurie Moore-Moore, President of the Institute for Luxury Home Marketing and author of the book, Rich Buyer, Rich Seller! The Real Estate Agents’ Guide to Marketing Luxury Homes. Lifestyle Marketing currently plays a major in the Sotheby’s International Realty global marketing campaign.

“The course is a step towards earning the prestigious Certified Luxury Home Marketing Specialist (CLHMS) designation which The Institute awards internationally to sales professionals who meet performance standards in the upper-tier residential market,” said Moore-Moore. “Randy Roesch is an example of a sales associate who works to hone special skills and competencies necessary to provide exceptional service in the fine homes and estates marketplace.”

Roesch has been in real estate for over ten years and specializes in Luxury Golf Lifestyle Properties, with a focus on the ArrowCreek community and Incline Village. Roesch launched the ON PAR Advisor this spring with his partner, Phil Reed, in an effort to meet the growing needs of marketing Luxury Golf Lifestyle Properties. The ON PAR Advisor is a seasonal report on market performance and ArrowCreek news. Since the launch of the ON PAR Advisor, Roesch and Reed have had newly listed properties under contract in just days.

“The Luxury Home Marketing training provided new insight about the upper tier market. The course helped me polish my skills and provided valuable networking contacts with other agents across the country who specialize in luxury properties,” Roesch said. “In addition, I discovered new and creative tools for promoting expensive homes and estates and new resources for finding buyer prospects. Home buyers and sellers will benefit from my new knowledge.”

Roesch also recently completed a highly specialized course in residential real estate buyer sales strategies conducted by the Council of Residential Specialists of the National Association of Realtors. The course is one in a series of professional education sequences required to qualify for the coveted Certified Residential Specialist (CRS) designation.

“The growing importance of negotiation as well as sales strategies in today’s residential real estate market were addressed by the instructor in this course,” Roesch said. “The many varied needs of the buyer, who is making what is probably the single largest purchase of a lifetime, are dealt with in this advanced course.”

The segments of the course included counseling techniques, understanding human behavior, and professional knowledge of the required steps in the real estate sales sequence.

The Council of Residential Specialists Courses are presented throughout the U.S. in affiliation with the National Association of Realtors, as part of its on-going program of promoting the professionalism of the residential sales associate.

Sierra Sotheby’s International Realty® local brokerage offices enable sellers and buyers to find representatives experienced in offering exceptional homes in Lake Tahoe. The Sotheby’s International Realty network currently has more than 13,000 sales associates located in approximately 670 offices in 49 countries and territories worldwide. Each office is independently owned and operated. For more information, visit www.sierrasothebysrealty.com, search #SierraSIR on Twitter, “Like” us on Facebook, follow us on Pinterest, check out our blog at www.tahoerealestatediary.com and call one of our offices: (Squaw Valley) 530-581-1800; (Incline Village) 775-832-4900; (Zephyr Cove) 775-588-7710, (South Lake Tahoe) 530-494-7600; (Tahoe Donner)530-587-3505.

 

 

Fourth of July Weekend Open House Event


24Jun 2014

Independence Day Open House Event

Contact your Sierra Sotheby’s International Realty broker today for more details.


249 Granite Chief

249 Granite Chief Road, Olympic Valley, California 96146 | $5,450,000
Open Saturday from 1:00 PM – 4:00 PM  
Hosted by Jeff Hamilton 530.412.2645


762 Lakeshore

762 Lakeshore Blvd., Incline Village, Nevada 89451 | $3,995,000
Open Saturday from 1:00 PM – 4:00 PM and Sunday from 11:00 AM – 2:00 PM    
Hosted by Jeffrey Corman 775.339.1144­


1589 Sandy Way

1589 Sandy Way, Olympic Valley, California 96146 | $1,590,000
Open Saturday from 1:00 PM – 4:00 PM  
Hosted by Bill Murphy 530.386.1533


10950 Lausanne

10950 Lausanne Way, Truckee, California 96161 | $659,000
Open Sunday from 1:00 PM – 5:00 PM 
Hosted by Carmen Carr 530.448.1643


11526 Ida Way11526 Ida Way, Truckee, California 96161 | $1,699,000 Open Saturday from 1:00 PM – 4:00 PM                                                                                                                          Hosted by Sharla Chador 530.580.8506


11611 Ski Slope

11611 Skislope Way, Truckee, California 96161 | $1,130,000
Open Saturday and Sunday from 10:00 AM – 4:00 PM                            
Hosted by Jim O’Brien 530.386.1161


146-skyland

146 Skyland Way, Tahoe City, California 96145 | $1,150,000
Open Saturday and Sunday from 2:00 PM – 5:00 PM                              
Hosted by Kristen Daniels 530.721.2949


1325-indian-hills

1325 Indian Hills, Truckee, California 96161 | $885,000
Open Saturday from 1:00 PM – 5:00 PM
Hosted by Carmen Carr 530.448.1643


190 Tallac

190 Tallac Drive, Zephyr Cove, Nevada 89448 | $895,000
Open Sunday from 12:00 PM – 3:00 PM  
Hosted by Dennelle Knudson 530.318.2630


1972 Venice Print

1972 Venice Drive, South Lake Tahoe, California 96150 | $660,000
Open Saturday from 12:00 PM – 3:00 PM
Hosted by Dennelle Knudson 530.318.2630


14579 Northwoods Blvd

14579 Northwoods Blvd, Truckee, California 96161 | $495,000
Open Sunday from 10:00 AM – 1:00 PM
Hosted by Barbara Hartley 530.412.1469


7455 Kingswood Blvd Print

7455 Kingswood Drive, Kings Beach, California 96143 | $599,000
Open Saturday from 1:00 PM – 5:00 PM
Hosted by Barbara Hartley 530.412.1469

Boice O’Neal Realty merges with Sierra Sotheby’s International Realty


29May 2014

Sierra Sotheby’s International Realty is pleased to announce the acquisition of the Tahoe Donner, California office of Boice O’Neal Realty. Boice O’Neal Realty has been a Tahoe Donner and Truckee industry leader since 1979. Sierra Sotheby’s International Realty now has offices in Tahoe Donner, Squaw Valley, Incline Village, Zephyr Cove, South Lake Tahoe, and will open its new Truckee office this summer.

Former owner of Boice O’Neal Realty, Bill Whitehead, will remain at the Tahoe Donner office as an agent with his team, the Whitehead Group, along with his wife, Darla Whitehead, and their partner, Nina Clifton. Sierra Sotheby’s International Realty broker, Jeff Hamilton, will be the broker of record for the Tahoe Donner office. Hamilton is also the managing broker of the Squaw Valley and South Lake Tahoe offices, as well as the future Truckee office.

“Boice O’Neal has had the largest volume of the Truckee market share for over 25 years. The merger of Boice O’Neal Realty with Sierra Sotheby’s International Realty is an ideal alignment of high level business philosophy,” former owner of Boice O’Neal Realty, Bill Whitehead said. “For a time, we wanted to keep corporate image and structure at arm’s length. However, we’ve found a hybrid conformation of business models with the corporate style that the Sotheby’s brand has to offer through top branding, high level materials, and high standards for marketing and advertising campaigns while priding ourselves in attracting top agents from every competitor town.”

Boice O’Neal Realty has been dedicated to educating clients about Tahoe Truckee communities so buyers and sellers can make informed real estate decisions. Truckee, Tahoe Donner, Donner Lake, and Donner Summit are situated at the heart of a dynamic recreation area, with high quality school districts, emergency facilities, and the Truckee Chamber of Commerce’s committed support of the community’s businesses are a few aspects that characterize the growing area.

“I am very excited to welcome, and have the privilege of working with Bill Whitehead, the sales associates and employees from Boice O’Neal’s Tahoe Donner office. The Tahoe Donner team will now be able to leverage the power of the Sotheby’s brand and the unique marketing tools we offer toward providing home sellers the best marketing available and reaching buyers worldwide. This combination of companies provides Sierra Sotheby’s International Realty another step toward offering our services across the entire Lake Tahoe region,” Sierra Sotheby’s International Realty President, Peter Strand said.

“Truckee has transformed in the last 40 years to a world-class area with bigger, well planned developments, such as Tahoe Donner, Lahontan, Martis Camp, Northstar, and Gray’s Crossing. We want to position ourselves to those high-end communities, and we believe that our knowledge and experience combined with Sotheby’s branding will result in the largest market share of the communities we serve,” Whitehead said.

Sierra Sotheby’s International Realty has office locations in the Lake Tahoe area including Squaw Valley, Incline Village, South Lake Tahoe, and Zephyr Cove. The Sotheby’s International Realty® organization began in 1976 to provide clients estate disposition services and representation of extraordinary luxury real estate throughout the world. Sierra Sotheby’s International Realty® local brokerage offices enable sellers and buyers to find representatives experienced in offering exceptional homes in Lake Tahoe. For more information, visit www.sierrasothebysrealty.com, or call one of our offices: (Squaw Valley) 530-581-1800; (Incline Village) 775-832-4900; (Zephyr Cove) 775-588-7710; (South Lake Tahoe) 530-494-7600, (Tahoe Donner) 530-582-6111. 

Memorial Day Weekend Open House Event


20May 2014

Memerial-Day-Open-House

Saturday May 24, 2014 and Sunday May 25th, 2014 Sotheby’s International Realty (SIR) will host an open house weekend featuring exclusive properties in and around the Lake Tahoe area. The event will allow homebuyers a chance to discuss the unique buying opportunities currently available with SIR’s qualified team of experts.


1901 Delta Street, South Lake Tahoe, California 96150

1901 Delta Street, South Lake Tahoe, California 96150 | $510,000
Open Saturday and Sunday from 12:00 PM – 4:00 PM

Jill Moffett
+1 530.318.6835
+1 530.494.7600
2247 Lake Tahoe Blvd.
South Lake Tahoe, California 96150


114 Vesper Court, Stateline, Nevada 89449

114 Vesper Court, Stateline, Nevada 89449 | $1,499,000
Open Saturday from 1:00 PM – 4:00 PM

Beate Meiring
+1 775.901.2255­
+1 775.588.7710
210 Elks Point Rd, Ste 102, PO Box 1370
Zephyr Cove, Nevada 89448


564 Silvertip Drive, Incline Village, Nevada 89451

564 Silvertip Drive, Incline Village, Nevada 89451 | $769,000
Open Sunday from 1:00 PM – 4:00 PM

Anne Wulff
+1 775.832.4900­­
570 Lakeshore Blvd.
Incline Village, Nevada 89451


10063 E Desert Canyon Drive, Reno, Nevada 89511

10063 E Desert Canyon Drive, Reno, Nevada 89511 | $1,200,000
Open Saturday from 1:00 PM – 4:00 PM

Vince Scott
+1 775.240.0241­
+1 775.832.4900­­
570 Lakeshore Blvd.
Incline Village, Nevada 89451


3205 Sierra Crest Way, Reno, Nevada 89519

3205 Sierra Crest Way, Reno, Nevada 89519 | $599,000
Open Sunday from 1:00 PM – 4:00 PM

Vince Scott
+1 775.240.0241­
+1 775.832.4900­­
570 Lakeshore Blvd.
Incline Village, Nevada 89451


825 Lakeshore Blvd., Incline Village, Nevada 89451

825 Lakeshore Blvd., Incline Village, Nevada 89451 | $7,900,000
Open Saturday from 1:00 PM – 4:00 PM

Lexi Cerretti
Vince Scott
+1 775.832.4900­­
570 Lakeshore Blvd.
Incline Village, Nevada 89451


999 Lakeshore Blvd #31, Incline Village, Nevada 89451

999 Lakeshore Blvd #31, Incline Village, Nevada 89451 | $1,400,000
Open Saturday from 11:00 AM – 1:00 PM

Claudia Thompson
+1 775.233.4014­
+1 775.588.7710­
570 Lakeshore Blvd.
Incline Village, Nevada 89451


556 Lucille Drive, Incline Village, Nevada 89451

556 Lucille Drive, Incline Village, Nevada 89451 | $675,000
Open Saturday from 11:00 AM – 3:00 PM

Anne Wulff
+1 775.832.4900­­
570 Lakeshore Blvd.
Incline Village, Nevada 89451


14865 Northwoods Blvd., Truckee, California 96161

14865 Northwoods Blvd., Truckee, California 96161 | $1,055,000
Open Saturday from 2:00 PM – 5:00 PM & Sunday 12:00 PM – 3:00PM

Valerie Forte
+1 530.305.1220­
+1 530.581.1800­
1750 Village East Road, Suite 63B PO Box 2157
Olympic Valley, California 96146


1564 Steve Court, Minden, Nevada 89423<

1564 Steve Court, Minden, Nevada 89423 | $499,000
Open Sunday from 11:00 AM – 3:00 PM

Anje de Knijf
+1 775.721.5229­
+1 775.588.7710­
210 Elks Point Rd, Ste 102, PO Box 1370
Zephyr Cove, Nevada 89448


101 Meadow Drive, Stateline, Nevada 89449

101 Meadow Drive, Stateline, Nevada 89449 | $1,695,000
Open Saturday from 11:00 AM – 3:00 PM

Tom Sloan
+1 775.772.7352­­
+1 775.588.7710­
210 Elks Point Rd, Ste 102, PO Box 1370
Zephyr Cove, Nevada 89448


336 Ala Wai Blvd #271, South Lake Tahoe, California 96150

336 Ala Wai Blvd #271, South Lake Tahoe, California 96150 | $1,550,000
Open Saturday and Sunday from 11:00 AM – 5:00 PM

Linda Szendrey
+1 530.314.9546­
+1 530.543.1000­
2247 Lake Tahoe Blvd.
South Lake Tahoe, California 96150


843 Tanager Street, Incline Village, Nevada 89451

843 Tanager Street, Incline Village, Nevada 89451 | $899,000
Open Saturday from 3:00 PM – 6:00 PM

Todd Disbrow
+1 775.830.3735­
+1 775.832.4900­­
570 Lakeshore Blvd.
Incline Village, Nevada 89451


2529 Armstrong Avenue, South Lake Tahoe, California 96150

2529 Armstrong Avenue, South Lake Tahoe, California 96150 | $345,000
Open Saturday from 1:00 PM – 4:00 PM

Jessica Woods
+1 530.457.7747­
+1 530.494.7600­
2247 Lake Tahoe Blvd.
South Lake Tahoe, California 96150


2025 Marconi Way, South Lake Tahoe, California 96150

2025 Marconi Way, South Lake Tahoe, California 96150 | $1,495,000
Open Saturday and Sunday from 11:00 AM – 5:00 PM

Marlene Pierce
+1 530.545.8907­
+1 530.494.7600­
2247 Lake Tahoe Blvd.
South Lake Tahoe, California 96150


405 Ala Wai Blvd #187, South Lake Tahoe, California 96150

405 Ala Wai Blvd #187, South Lake Tahoe, California 96150 | $325,000
Open Saturday and Sunday from 11:00 AM – 5:00 PM

Marlene Pierce
+1 530.545.8907­
+1 530.494.7600­
2247 Lake Tahoe Blvd.
South Lake Tahoe, California 96150


249 Granite Chief Road, Olympic Valley, California 96146

249 Granite Chief Road, Olympic Valley, California 96146 | $5,450,000
Open Saturday from 11:00 AM – 3:00 PM

Jeff Hamilton
Bill Murphy
+1 530.581.1800­
1750 Village East Road, Suite 63B PO Box 2157
Olympic Valley, California 96146


1589 Sandy Way, Olympic Valley, California 96146

1589 Sandy Way, Olympic Valley, California 96146 | $1,749,000
Open Saturday from 11:00 AM – 3:00 PM

Jeff Hamilton
Bill Murphy
+1 530.581.1800­
1750 Village East Road, Suite 63B PO Box 2157
Olympic Valley, California 96146


190 Tallac Drive, Zephyr Cove, Nevada 89448

190 Tallac Drive, Zephyr Cove, Nevada 89448 | $895,000
Open Saturday 12:00PM – 3:00PM

Dennelle Knudson
+1 530.318.2630­
+1 530.494.7600­
2247 Lake Tahoe Blvd.
South Lake Tahoe, California 96150


733 Tuolumne Drive, South Lake Tahoe, California 96150

733 Tuolumne Drive, South Lake Tahoe, California 96150 | $399,000
Open Saturday and Sunday 12:00PM – 4:00PM

Peter DeLilli
+1 530.308.4331
+1 530.494.7600­
2247 Lake Tahoe Blvd.
South Lake Tahoe, California 96150


896 S Dyer,  Incline Village, Nevada 89451

896 S Dyer, Incline Village, Nevada 89451 | $1,400,000
Open Saturday and Sunday from 12:00 PM – 4:00 PM

Ann Marie Sear
+1 775.721.8959­
+1 775.832.4900­­
570 Lakeshore Blvd.
Incline Village, Nevada 89451


1877 N Lake Blvd #9, Tahoe City, California 96145

1877 N Lake Blvd #9, Tahoe City, California 96145 | $999,000
Open Saturday from 3:00 PM – 6:00 PM & Sunday 10:00am – 1:00pm

Rick Raduziner
+1 530.308.1628­
+1 530.581.1800­
1750 Village East Road, Suite 63B PO Box 2157
Olympic Valley, California 96146


12744 Solvang Way Truckee, California 94963

12744 Solvang Way, Truckee, California 94963 | $460,000
Open Saturday and Sunday from 2:00 PM – 5:00 PM

Tamara McKinney
+1 530.412.0302­
+1 530.581.1800­
1750 Village East Road, Suite 63B PO Box 2157
Olympic Valley, California 96146


Incline Star Follies Comes to Incline Village for 15th Year


2May 2014

Being part of a bigger picture sometimes brings things into a sharper focus. When our community comes together for the Incline Star Follies and for the educational needs of our children, we achieve two very important things: unity and pride. These are indeed important accomplishments,” – www.inclinestarfollies.org.

Sierra Sotheby's International Realty_Incline Star Follies_Bruce Soli_2

The Incline Star Follies wrapped up another entertaining production last week to raise funds for the Incline Village, Nevada, school system of Lake Tahoe. The show is a family cabaret produced by over 150 volunteers who donate their time to be show organizers, cast, and crew members. Students, teachers, administrators, and community members take to the stage to ‘lip-synch’ great songs and dance their hearts out. All proceeds raised from this exciting event remain in the Incline Village community and benefit the needs of local Incline Village Schools. In its first ten years, the Incline Star Follies raised more than $800,000 dollars for the benefit of the children and staff of Incline Elementary School, Incline Middle School, and Incline High School.

Sierra Sotheby's International Realty_Incline Star Follies_Bruce Soli_3

“Star Follies is really a huge community event that benefits the schools of Incline Village in financial donations and provides kids a venue to express themselves that they wouldn’t have otherwise. Plus, it’s a lot of fun,” Sierra Sotheby’s International Realty agent Bruce Soli said.

Bruce has participated in Incline Star Follies for eleven of the event’s fifteen-year tenure and he and his wife, Sandy, are also proud event sponsors.

Sierra Sotheby's International Realty_Incline Star Follies_Bruce Soli_1

 

For more information about Incline Star Follies, visit www.inclinestarfollies.org. Contact one of our local experts to find out more about living in Lake Tahoe. Contribute to the conversation using #SierraSothebys, #SierraSIR, #LakeTahoeLuxury, and post a comment on our Facebook page.

Top 10 Countries Most Likely to Invest in US Housing Market


26Apr 2014

According to a recent article in usatoday.com, international buyers are purchasing homes in the United States for a number of reasons, such as favorable housing prices, good weather, the country’s relative economic stability, and an attraction to America in general. As the housing market improves and home prices rebound, the interest of foreign buyers in US properties continues to soar.

Interest in US property increased dramatically in a number of countries between 2009 and 2013. According to housing market firm RealtyTrac, interest in home buying increased by 95 percent or more in ten countries, and at least doubled in nine of these nations.

International buyers have an advantageous opportunity to enter the US housing market on the upswing with the US real estate market entering recovery mode, particularly wealthy international buyers.

Common language is another key factor driving many prospective homebuyers to the United States. English-speaking foreign buyers comprise 68 percent of international residents looking for homes in the US. Canada alone accounts for 45 percent of international interest from international homebuyers in the US.

Much of the growth in foreign interest has also come from European nations including Switzerland and France. Six of the countries with the largest percentage increases in property seekers are located in Europe.

The following information is data from RealtyTrac’s analysis, indicating the 10 countries that have the greatest interest in buying American homes:

10. Germany

Growth in prospective homebuyers: 95.2%
Share of int’l prospective buyers: 2.6% (7th highest)
GDP per capita: $39,468 (18th highest)
Ultra high net worth population: 17,820 (2nd highest)

Germans account for 2.6 percent of all RealtyTrac international homebuyers looking for US property between 2009 and 2013. During that time, home searches rose by more than 95 percent. Contributing to Germans’ ability to afford international property was the country’s high number of ultra high net worth individuals last year of 17,820, second only to the United States. Despite the weakness of the eurozone economy and Germany’s own slowing growth, no major eurozone country grew faster in 2013. However, interest in U.S. properties has tapered off recently, despite the euro’s gains against the dollar. Between 2012 and 2013, the number of German prospective homebuyers to RealtyTrac rose by just 3.4 percent, less than most foreign nations during that time.

9. Sweden

Growth in prospective homebuyers: 100.0%
Share of int’l prospective buyers: 2.0% (9th highest)
GDP per capita: $40,870 (14th highest)
Ultra high net worth population: 1,070 (25th highest)

The number of Swedes interested in buying US real estate doubled between 2009 and 2013. Much of this growth happened last year, when the number of Swedish home searches to RealtyTrac rose by 43 percent. Like many countries with a high number of residents looking for homes in America, US property may be considered an especially good investment, especially as their country’s economy has become stagnant. Sweden’s gross domestic product has grown less than 1 percent in the past two years. Additionally, many Swedes might find US home prices more affordable. US home prices remain below the previous decade highs, while many market followers believe Swedish home prices are very high.

8. Canada

Growth in prospective homebuyers: 107.7%
Share of int’l prospective buyers: 45.0% (the highest)
GDP per capita: $43,146 (9th highest)
Ultra high net worth population: 4,980 (8th highest)

Canadians make up the largest share of international US home buying interest, accounting for 45 percent of total international RealtyTrac subscriptions between 2009 and 2013. The US geographical proximity to Canada and the cultural similarities between the two nations may explain the interest of Canadian investors. The strength of the Canadian economy may have also given residents more opportunities to invest. Last year, the average Canadian household’s net worth, (the total value of all assets minus all debt) exceeded that of the average US household. Residents may also find US properties attractive because some consider Canada’s housing market to be overvalued.

7. Australia

Growth in prospective homebuyers: 121.9%
Share of int’l prospective buyers: 11.0% (3rd highest)
GDP per capita: $43,042 (10th highest)
Ultra high net worth population: 3,405 (11th highest)

Australians accounted for 11 percent of all of RealtyTrac’s international subscribers, third most after the United Kingdom and Canada. The country’s strong economic growth compared to other major developed economies is a likely contributor to the increased interest in buying US property. Australia’s economy grew by 3.7 percent in 2012 and an estimated 2.5 percent last year, according to the most recent IMF figures. By contrast, countries in the developed world grew by just 1.4 percent in 2012 and 1.3 percent in 2013. Despite recent declines, the Australian dollar has also gained considerably in value against the US dollar in the past few years, also potentially contributing to the increased interest.

6. United Kingdom

Growth in prospective homebuyers: 153.8%
Share of int’l prospective buyers: 12.1% (2nd highest)
GDP per capita: $37,299 (21st highest)
Ultra high net worth population: 10,910 (4th highest)

U.K. interest in owning American property has jumped in recent years, including a 34.6 percent increase in the number of residents looking for property on RealtyTrac alone. Economic reasons could influence prospective homebuyers. Residents may see US homes as a safe or profitable investment. The U.K. government’s controversial ‘Help to Buy’ program provides financial help to prospective homeowners in the U.K. Detractors of the program have expressed concerns that home prices in the U.K. could rise to unsustainable levels. According to a June 2013 study by the National Association of Realtors, U.K. residents primarily buy single-family homes in suburbs and resort towns in the United States.

5. Italy

Growth in prospective homebuyers: 178.4%
Share of int’l prospective buyers: 1.9% (10th highest)
GDP per capita: $29,598 (34th highest)
Ultra high net worth population: 2,075 (14th highest)

Italian interest in US homes has risen considerably in recent years. Residents looking for homes in the US rose by 178 percent between 2009 and 2013, despite Italian GDP falling by 2.4 percent in 2012 and 1.8 percent last year. In fact, the faltering economy may encourage many Italians to consider US property as a relatively good investment. Italy is also home to a number of extremely wealthy citizens with the resources to invest globally. As of last year, there were more than 2,000 ultra high net worth individuals in Italy despite the fact Italy’s population totals at an estimated 61 million, 24th most in the world.

4. France

Growth in prospective homebuyers: 190.0%
Share of int’l prospective buyers: 2.8% (6th highest)
GDP per capita: $35,680 (24th highest)
Ultra high net worth population: 4,490 (9th highest)

Interest in the United States from French residents has soared recently. Searches for homes on RealtyTrac from France nearly tripled from 2009 to 2013, and rose by nearly 60 percent last year alone. One reason for this may be that France had nearly 4,500 ultra high net worth residents as of last year, more than in all but eight other countries globally. However, France’s economy has also flatlined in recent years, which can often prevent foreigners from buying US property. Simultaneously, many observers and residents have criticized President Francois Hollande’s socialist policy decisions and the resulting high taxes. A number of reports indicate that residents may be leaving the country due to high taxes and tough regulations.

3. Hong Kong and China

Growth in prospective homebuyers: 254.2%
Share of int’l prospective buyers: 4.1% (4th highest)
GDP per capita: $52,687 (7th highest)
Ultra high net worth population: 13,855 (4th highest)

China’s residents are a major source of international interest in US real estate. China and Hong Kong, collectively, accounted for 4.1 percent of all international searches on RealtyTrac, more than any other non-English speaking country. One factor that may contribute to this demand is the high number of ultra wealthy residents in mainland China and Hong Kong, where a total of 13,855 such individuals live, more than in all developed nations but the United States, Germany, and Japan. In recent years, many wealthy Chinese citizens have considered moving to the United States. Additionally, while China’s economy remains one of the fastest growing in the world, concerns about slowing economic growth and rampant shadow banking activity in the country are considerable. A relatively wealthy population and concerns about wealth protection may encourage Chinese residents to consider US property.

2. Switzerland

Growth in prospective homebuyers: 269.7%
Share of int’l prospective buyers: 2.1% (8th highest)
GDP per capita: $45,999 (8th highest)
Ultra high net worth population: 6,330 (7th highest)

The number of Swiss residents interested in US property has risen dramatically in recent years. Only the United Arab Emirates had a larger increase in the number of prospective homebuyers than the small Alpine nation. Swiss residents accounted for 2 percent of all international searches despite a population of just roughly 8 million, smaller than New York City. Despite its size, Switzerland was also home to more than 6,300 ultra wealthy residents last year, more than all but a handful of countries. Also helping to make US properties more appealing is the considerable appreciation of the Swiss franc against the dollar over the past five years, up nearly 27 percent in that time.

1. United Arab Emirates

Growth in prospective homebuyers: 352.2%
Share of int’l prospective buyers: 1.1% (12th highest)
GDP per capita: $29,877 (31st highest)
Ultra high net worth population: 1,050 (26th highest)

While UAE residents accounted for just 1.1 percent of RealtyTrac’s international searches, interest in U.S. property from the country has boomed. Between 2009 and 2013, the number of UAE subscribers rose by 352 percent, the largest percentage increase of any country. One reason may be the relatively high number of residents who can afford international property ownership. While the country has just 9 million residents, it had more than 1,000 ultra high net worth residents last year. Much of this wealth is likely connected to the country’s oil industry. Roughly 40 percent of the emirates’ GDP was tied to oil and natural gas output, according to OPEC, and oil prices have risen considerably in recent years.

 

Interested in purchasing a home in the US? Contact one of our local experts to find out more about living in the California and Nevada sides of Lake Tahoe. Contribute to the conversation using #SierraSothebys, #SierraSIR, #LakeTahoeLuxury, and post a comment on our Facebook page.

Easter Sunday in Lake Tahoe: Egg Hunts and Egg Brunch


18Apr 2014

Why visit Lake Tahoe on Easter? It’s simple, the eggs! Here are a few ‘eggscellent’ reasons to spend your Easter Sunday in our neck of the woods.

Easter Egg Hunts:

Take the tradition a step further and send your little ones searching for eggs mountain style in the snow.

Northstar California Resort in Truckee hosts an all-day Easter event including an Easter egg hunts in the village and on the hill, photos with the Easter Bunny, complimentary face painting, live music, parade, jelly bean contest, and scavenger hunt. On the hill, find the Easter Bunny making turns on his skis and roaming the Lodge at Big Springs.

Sierra-at-Tahoe hosts an Easter Eggstravaganza for the whole family at Thunder Gulch, where children can hunt for all kinds of treasures the Easter Bunny leaves behind.

Brunches:

PlumpJack Café in Squaw Valley offers an Easter brunch menu from 10:30 am – 2:30 pm with prices to suit all budgets. Squaw Valley Ski Resort is still open, making a seamless transition from the ski slopes to the breakfast table. Entrees range between $10 and $30 dollars. We love the Maine Lobster Benedict and the PlumpJack mixologists make the best Bloody Marys in town. Don’t like eggs? Try the organic strawberry Belgian waffles with apple wood smoked bacon and pure maple syrup.  Reservations recommended-you can see why.

Riva Grill in South Lake Tahoe offers Easter Brunch on Lake Tahoe from 9:30 am to 2:30 pm. Enjoy a veritable feast of salads, waffles and French toast, fruit, artisan cheeses, omelet station, carving station, and seafood station including sushi rolls! Dessert also included. Adults dine for $39.95 and children under age 10 dine for $18.95. Reservations recommended.

Double whammy – Hunt and brunch all in one place:

Garwood’s Grill & Pier hosts its 25th Annual Easter Egg Hunt on Lake Tahoe in Carnelian Bay. The search for the “Golden Egg” starts at 11:00 am, offering four age categories including 0-3; 4-7; and 8-12 years old. Adult guests love this event for the “Adult Bottle Hunt”- for ages 21 and older. Brunch is complete with omelet and carving stations, elaborate menu, made to order items, and dessert for $44.95. Champagne brunch is also available at $54.95. Children under age 10 eat for $19.95, and children in high chairs eat for free. Brunch is served from 9:30 am – 2:30 pm, with reservations strongly recommended for this scenic lakeside event.

Lone Eagle Grille in Incline Village offers 180 degree views of Lake Tahoe, as well as an extensive Easter buffet menu from 10 am – 3 pm accompanied by live music. Kids meet at the Lone Eagle Grille Fire Pit for an Easter egg hunt from 11:30 am – 1:30 pm. Everything you can imagine is on the buffet menu from pastries, eggs Benedict, quiche, omelet station, pancake station, full entrees, small plates, Caesar salad station, seafood display, savory display, soups and salads, international dessert presentation, and desserts. Kids decorate their own cookies and dine at ‘Kid’s Corner’ for child-friendly menu options and portions. $75 for adults and $35 for children ages 5-12. Reservations recommended.

Every day is a holiday in Tahoe, contact one of our local experts to find out more about living in Lake Tahoe. Contribute to the conversation using #SierraSothebys, #SierraSIR, #LakeTahoeLuxury, and post a comment on our Facebook page.

Sierra Sotheby’s International Realty Participates in Luxury Real Estate Conference


11Apr 2014

Sierra Sotheby’s International Realty, a luxury real estate firm based in Lake Tahoe, recently participated in the 2014 Sotheby’s International Realty® Leadership Forum, which brought together nearly 300 network members worldwide.

This dynamic, three-day event, which was held at The Breakers Palm Beach, Florida, provided a unique opportunity for Sotheby’s International Realty brokers, owners, and managers to network and share best practices.

“The Leadership Forum provides significant value to our firm,” President of Sierra Sotheby’s International Realty, Peter Stand said. “It was exciting to meet our network’s leaders from Moscow, Dubai, Tokyo, Vancouver, and Sydney. Sotheby’s International Realty truly is an International network. Our business continues to evolve at an ever-increasing rate, especially in regards to technology. To that end, a new version of our innovative tablet application “Anthology” was announced along with a stunning visual update to the website, SIR.com. This forum also offered updates as to Sotheby’s International Realty’s relationships with the media giants of the world and the benefits those relationships provide to our associates and clients.”

Sierra Sotheby’s International Realty, which has offices in Incline Village, Squaw Valley, Zephyr Cove, South Lake Tahoe, and an office in Truckee opening this summer offers exclusive Sotheby’s International Realty marketing, advertising and referral services designed to attract well-qualified buyers to the firm’s property listings. In addition, the firm and its clients benefit from an association with the Sotheby’s auction house, which promotes real estate referral opportunities with auction house clientele.

As a Sotheby’s International Realty affiliate, the firm also has the unique ability to refer its real estate clientele to the auction house for jewelry, art, unique furniture, and collectible appraisal services. Property listings from Sierra  Sotheby’s International Realty also are marketed on the www.sothebysrealty.com global website, as well as on the firm’s local website www.sierrasothebysrealty.com.

“The Leadership Forum brings together our network members from all over the world with the common goal of sharing their unique experiences and market insights,” president and chief executive officer of Sotheby’s International Realty Affiliates LLC, Philip White said. “This year’s conference provided attendees with an overview of the brand’s strategic vision and priorities for the future. They heard about our exciting and innovative plans on the marketing front and how to leverage our unique relationship with the Sotheby’s Auction House.”

Top Five Reasons: Why We Love Spring in Lake Tahoe


4Apr 2014

It’s not too late to get your ski runs in at Lake Tahoe before we transition from skis and snowboards to boats and paddle boards. With spring discounts and less crowds, you can see why we love Lake Tahoe in the spring. Here are the top five reasons why we love springtime in Lake Tahoe:

1. Ski pass discounts and promotions -

Spring in Lake Tahoe means seasonal promotions and the lowest rates for next year’s passes. Discounted day passes are available for as low as $50 to season pass holders from other resorts. Many resorts also boast the “Best Rate Guarantee”. They will match any lift ticket deal within one to three days of your ticket purchase. A deal not to be missed is the Tahoe Super Pass for 2014-2015. Ski Squaw, Alpine, Sierra-at-Tahoe, and Sugar Bowl with free spring skiing and discounted tickets for friends and family, starting at only $349. Get the most inexpensive rates on season passes for 2014-2015 as well as free tickets for friends and family at most Lake Tahoe ski resorts before the third week of April, with deadlines varying by resort. Now is the time to plan ahead for next year’s ski season and make some savings on passes, especially if you have to plan for family ski trips.

Sierra-Sothebys-International-Realty_Ski-Lift_WebImage

2. Equipment and apparel sales -

Resorts and local sport shops everywhere in Lake Tahoe are offering sales on equipment and apparel for up to half off retail value, with the main event taking place on Memorial Day, where shoppers can find merchandise for as much as 75 percent off. Memorial Day is the absolute best day in the spring to make your next winter outfitting purchase.

3. Less crowds -

Ski team races wrap up during the last week of March and the first week of April, so that means far less crowding on the hill for everyone else. This time of the year gives everyone a chance to take a breath and enjoy cruising down relaxing groomers and playing in the park. We had a late season storm last week, and bloggers such as Unofficial Networks boasted that March 30 was the best day of skiing all season. Many resorts currently anticipate staying open until the end of April, weather permitting.

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4. Sunshine - 

Expect warm temperatures and bluebird days for spring skiing in Lake Tahoe. Lake Tahoe ski resorts see over 300 days of sunshine per year, so be ready to get your dose of vitamin D, and also be prepared to see fellow skiers on the hill in their swim attire.

5. Ski Decompression -

Don’t forget about spring resort pool parties and the many options for winding down after another epic ski season. Temperatures have reached over 50 degrees on some days during this spring, and relaxing in the hot tub while soaking up the sun is a great way to end your day on the hill. Take winter decompression another step further by taking a few yoga classes and giving your muscles some much needed attention. Drop-in classes are available all around Lake Tahoe at places like Squaw Valley’s Wanderlust Yoga Studio; Asante Fitness, Tahoe Yoga Institute, and Mountain Lotus Yoga in Tahoe City; The Sanctuary, and High Altitude Fitness in Incline Village; Lake Tahoe Yoga in Zephyr Cove, The Studio Lake Tahoe in South Lake; and Mountain Yoga in the Tahoe Keys. Springtime in Lake Tahoe is the Savasana of the ski season, so relax and enjoy it while it lasts.

Sierra Sotheby's International Realty_High Camp_Image

We thank all of our Lake Tahoe visitors and locals for making this another memorable ski season. Interested in making your vacation permanent and living in Lake Tahoe? Contact one of our local experts.