Sierra Sotheby’s Carson Valley Estate Tour


22Sep 2014

 

You are cordially invited:
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Thursday, Sept 25th | 3pm-6pm
Tour a variety of spectacular Carson Valley homes and enjoy
wine, cheese and other refreshments along the way.

Carson Valley Estate Tour_Homes

Links and Map:

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266 James Canyon Loop, Genoa

2900 Hwy 395, Minden

1286 Mottsville Meadows, Gardnerville

200 Five Creek Rd, Gardnerville

755 Fairview Ln, Gardnerville

281 Fredericksburg Rd, Gardnerville

www.SierraSothebysRealty.com
The Leaders In Lake Tahoe Luxury Real Estate. Local Experts with Global Reach

Seven Lake Tahoe Real Estate Office Locations:
Incline Village | South Lake Tahoe | Squaw Valley | Tahoe City | Tahoe Donner | Truckee | Zephyr Cove

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Truckee | Tahoe Donner “State of the Union”


18Sep 2014

A “State of the Union”, so to speak, for the Greater Truckee Region and Tahoe Donner – The Median and Bellwether Community for the Greater Truckee Market  

Header Photo-Courtesy Truckee-based realtor David Hipkins

Home Sales Data - Although we are seeing decent year-on-year gains in our attained average (10%) and median single family homes prices (15%), it should be noted that deeper analysis reveals that we are seeing a significant drop in the number of properties sold so far this year (29%), with a concomitant 21% drop in total dollar volume realized year to date. Given the relatively large number of unit sales in this community of approximately 5,000 homes, the data can be deemed statistically significant (see latest Y-on-Y stats for Tahoe Donner, below, for hard data). It must be emphasized that this is not an urban market, and that it is still driven principally by those with discretionary income. It is therefore unrealistic for us to expect to match the more frenetic, ebullient appreciation rates currently being experienced in markets such as the San Francisco Bay Area and New York City.

Lot Sales Data - A leading edge indicator for the home market also reveals that the “spec” builders remain quite cautious in 2014. The data shows an 18% drop in total dollar volume realized year to date, with an 18% drop in the number of lots sold, and attained sold prices remaining basically flat.

Condominium Sales Data – A relatively more robust set of data for these owners, unsurprisingly, as the more modestly priced single family homes start to move away from both the first time home buyers and second home buyers on more of a budget, they are compelled to switch to condominiums and town homes. We have seen a 39% increase in total dollar volume attained year to date, allied with a 41% increase in units sold. The trend in increasing unit sales will gently continue, as we expect the lower and middle priced single family home market segments to still remain robust. At this time though, we are still not seeing much in the way of price gains.

David's Blog Post Stats

- Note that our available inventory continues to run a bit higher than last year, and this is true for all property categories.

Rentals - Interestingly, the market trends continue to support higher long-term rental income. Basically the majority of renters are having to pay a higher percentage of their income as rent these days, as incomes continue to remain relatively flat. However, the way ahead for short-term rental and ski-lease trends is difficult to call at this time.

Meanwhile, our high-end luxury markets, such as Martis Camp, the Lakefronts etc., continue to flourish, primarily due to the financial gains made by their exclusive socio-economic demographic buyer profile who remain unaffected by the sub-prime debacle. Overall, this remains a fragile recovery for a significant majority of our potential buyers.

Conclusion – Sellers need to be realistic at the higher price points, and for buyers there is still opportunity to obtain many homes for less than their current replacement cost, as new building codes and input costs continue to inexorably increase the cost of construction, especially given our snow loads and related engineering requirements. This is especially true for those who are willing to undertake some (cosmetic only) remodeling. The further up the price-point chain, the better the value.

 

www.SierraSothebysRealty.com
The Leaders In Lake Tahoe Luxury Real Estate. Local Experts with Global Reach

Seven Lake Tahoe Real Estate Office Locations:
Incline Village | South Lake Tahoe | Squaw Valley | Tahoe City | Tahoe Donner | Truckee | Zephyr Cove

Find us on Facebook | Linked In | Twitter

 

 

Sierra Sotheby’s International Expands Global Reach


15Sep 2014
Pat Riley of the Miami Heat

Pat Riley of the Miami Heat

“You never know when a casual conversation can turn into a lucrative relationship,”  -Philip A. White, President and Chief Executive Officer, Sotheby’s International Realty

The leading global luxury real estate brand landed on the shores of Miami Beach last week, coming from as far as Australia, New Zealand, Asia, Europe, Central America, The Caribbean, Canada, South Africa and even Dubai. Sotheby’s International Realty hosted its annual Global Networking Event (GNE) in Miami from September 8-11th, 2014 at the waterfront Fontainebleau Hotel.

Over 1,500 agents, brokers and owners filtered into the resort in the days preceding the event, many of whom were invited to select events held around the coastal venue. Members of Sierra Sotheby’s International Realty toured the Ritz Carlton Residences by boat. Comprised of 111 condominiums and 15 single family villas on seven acres, these modern and elegantly designed homes boast Italian craftsmanship, bayside amenities, rooftop pools, a 36 slip boat marina, and resort-style services.

VanDutch Yacht at The Ritz-Carlton Residences, Courtesy Lexi Cerretti

VanDutch Luxury Yacht at The Ritz-Carlton Residences, Courtesy Lexi Cerretti

Agents were treated to a yacht tour hosted by Raymond Bolduc, of ONE Sotheby’s, around the northern end of Gorce Island where celebrity Billy Joel recently sold his estate, a waterfront tour of avant guard Aqua Park, and up and coming Normandy Island, before heading through the narrows to Surprise Lake when the Ritz Carlton event was held. Upon approaching the dock, we were graced with the presence of a VanDutch, the most elegant yacht known to man with a price tag starting in the millions.

The main event commenced Monday evening, with a host of catered gatherings in the grand ballrooms and even a club night in the Liv nightclub. Wendy Purvey, Chief Marketing Officer, and Philip White, President and CEO of Sotheby’s International Realty hosted an extraordinary event, featuring guest speaker Pat Riley of the Miami Heat, and original motion picture productions featuring new innovative marketing tools to roll out next spring. The announcement was made halfway through the event that one of Sotheby’s Texas affiliates had just listed an 8 square mile ranch priced at $750,000, now the highest priced listing, worldwide. The listing agent sent his regards as he was too busy to attend the conference.

Surprise Waterway, Miami Beach, Courtesy Lexi Cerretti

Surprise Waterway, Miami Beach, Courtesy Lexi Cerretti

Daily breakout sessions were held, dedicated to agent knowledge & productivity, new marketing strategies and software. Top industry leaders lectured and presented insights and breadth of knowledge based on decades of property sales in a changing world of technology. We attended a Farm and Ranch session with several of the top agents in the market, including Suzanne Perkins, who just listed a $125 Million property in Montecito, and Bill Fandel who has the largest market share in ranch listings for Telluride, CO. We also spent an evening with our sister companies Fuller Sotheby’s of Denver and resort area CO markets, and Summit Sotheby’s partners in Park City, UT. As we are part of the same company, Majestic Realty, we collaborate on marketing and share resources under our leadership of Scott Webber and Thomas Wright. This mountain west resort market connection is valuable and we refer back and forth within our company as buyers and sellers looking for ski markets have a wide variety of aspects to consider in location, amenities, mountain culture, and tax planning.

Several of our Lake Tahoe agents were invited to a Bay Area Networking Event hosted by Decker Bullock and Dreyfus Sotheby’s Realty, which served as one of the best opportunities to connect with agents who represent buyers and sellers in our main feeder market. It was an opportunity to speak with the purveyors  of the most innovative marketing angles. Michael Dreyfus and his group have studied their market and demographic to understand what buyers and sellers really want from their agents and deliver. Their full service approach, from staging their homes to arranging repairs and maintenance make the process of home selling seamless for their extremely busy clients. Veteran broker and past owner of Sotheby’s Realty in Oahu Mary Worrall was present with their group of agents, unique in their link to the Japanese market strategically situated in the mid-Pacific with huge draw for Japanese tourism and relocation to the island.

There is only one firm in real estate that is able to connect individuals on a luxurious global level.  Sotheby’s International Realty presides in 53 countries with 750 offices and over 17,000 real estate professionals. Each affiliate office also showcases exceptional Management, Marketing and Administration Teams. The event’s success was rooted in the strength of  local members representing the brand as leaders in individual markets. The professional connections and common goal of linking qualified international sellers and buyers units this core group who represent the leading brand in global luxury real estate. We Are Sotheby’s International Realty.

GNE highlights included keynote speaker Pat Riley, the unveiling of the Sotheby’s International Realty next wave of forward-thinking technology and marketing initiatives and of course a little bit of networking at some of Miami’s hot spots.

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The Leaders In Lake Tahoe Luxury Real Estate. Local Experts with Global Reach

www.SierraSothebysRealty.com

Incline Village | South Lake Tahoe | Squaw Valley | Tahoe City | Tahoe Donner | Truckee | Zephyr Cove
Find us on Facebook | Linked In | Twitter

 

Community Table with Acclaimed Chef Michael Tusk


29Aug 2014

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Sierra Sotheby’s International Realty is a proud sponsor of the 2014 Parasol Community Foundation Community Dinner to be held September 5, 2014 at Shakespeare Ranch located in Tahoe’s historic Glenbrook community. This exclusive evening features a four-course dinner prepared by James Beard Award winning chef Michael Tusk, the chef and owner of two of San Francisco’s most critically acclaimed restaurants Quince and Cotogna.

Highlights:

  • One-of-a-kind Live Auction items including a San Francisco Chef Experience for 10 with celebrity chef Michael Tusk and Las VegasExperience for 4.
  • Wine Wall Raffle including priceless donations.

The evening benefits the Parasol Community Foundation, a non-profit public charity that is dedicated to supporting the Lake Tahoe region – now and into the future.  Parasol is dedicated to making charitable giving more meaningful, by supporting quality programs provided by local non-profit organizations and by providing community leadership on emerging issues.

 

A very limited number of tickets are still available.
Click Here for Purchase

Sponsors:

CT2014-sponsors

Sierra Sotheby’s International Realty Welcomes Leadership of Bob Wheeler to Incline Office


26Aug 2014

Bob NewIncline Village, NV (August 25, 2014) –  Sierra Sotheby’s International Realty is pleased to announce the addition of real estate broker, Bob Wheeler, to their leadership team as the new Managing Broker of their Incline Village office. “Bob Wheeler brings a high level of Senior Brokerage Management experience to the Sierra Sotheby’s family.  Having worked with Bob over the years, I can say that his best attributes will fit well within our organization…he’s fair, level-headed and on top of the fast paced technology advances in the Industry.”  Says Vince Scott, Sierra Sotheby’s Incline broker.

A Retired Chief Master Sergeant, in the USAF after 20 years of service in the prestigious special operations Pararescue division, Bob Wheeler received the Distinguished Flying Cross, Airman’s Medal, and Meritorious Service Medal along with numerous additional military awards and accolades.  Wheeler also received a Military Free Fall Parachutist Badge, a US Navy Scuba DIVER badge, is jump master qualified and was designated team lead for many military operations.

Wheeler’s extensive background within the real estate industry includes 31 years as a Nevada licensed real estate professional since 1993, and owner of Wheeler Associates, Inc. in Incline Village from 1986 to 2001. He has represented clients with real estate transactions in excess of $700 million of residential, multi-family, commercial and vacant land.

Having been recognized as Citizen of the Year for Incline Village/Crystal Bay Chamber of Commerce, Bob has been an active member of his cherished community for many years. When not assisting his clients and fellow brokers, this grandfather of six spends his off hours with family and golf, a sport he has been addicted to since moving to Incline Village in 1965.

As Wheeler takes the helm of the Sotheby’s Incline team, Vince Scott will be stepping aside from his role as Managing Broker, where he has made immense contributions, to pursue significant development projects within the Reno/Tahoe area. “I’m passionate about development projects that are green, energy efficient, give back, are timeless and add value to the community, says Scott. “I’ve found that private money investors and institutional investors, lenders and partners are more demanding than ever which means that success these days, in this market, requires 100% focus. In addition to my continued relationship with Sierra Sotheby’s, I’m excited to transition my energy into a large project currently in the pipeline.”

Wheeler looks forward to his continued relationship with Scott, and guiding his fellow associates to reach their goals with his dedication, talent and drive. Bob Wheeler can be contacted through Sierra Sotheby’s International Realty, at (775) 832-4900, or via email at bob.wheeler@sothebysrealty.com.

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 15,000 independent sales associates located in approximately 720 offices in 52 countries and territories worldwide.In addition to the referral opportunities and widened exposure generated from this source, the firm’s brokers and clients benefit from an association with the Sotheby’s auction house and worldwide Sotheby’s International Realty marketing programs. Each office is independently owned and operated.

Tahoe Lifestyle Open House Event


13Aug 2014

All properties open 10:00 am to 5:00 pm

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


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Sierra Sotheby’s International Realty’s Lifestyle Tour


11Aug 2014

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Sierra Sotheby’s International Realty’s Lake Tahoe Lifestyle Tour 2014 Offers Public Rare Glimpse of World-Class Luxurious Living

Incline Village, NV (August 4, 2014) – Well-appointed and luxurious living is the overarching theme of Sierra Sotheby’s  International Lifestyle Tour set for 10a.m. to 5 p.m. Saturday, August 16, 2014.  Open to the public, this year’s tour showcases exquisite architecture and beautiful landscapes that will inspire and awe.

From award-winning contemporary estates, to one-of-a-kind waterfront properties, this is a tour unlike any other. The Sierra Sotheby’s International Realty brand represents the most extraordinary properties across the Lake Tahoe and Truckee region, and this year’s Lifestyle Tour opens the doors to an incredible portfolio of viewing opportunities such as 825 Lakeshore Drive, a custom lakefront home featuring stunning views, an extraordinary wine bar and one-of-a-kind craftsmanship throughout.

This year’s tour showcases 35 luxury homes around Lake Tahoe and Truckee, giving attendees an insider’s view of these exclusive properties. Saturday’s tour will also feature two electric boats docked at the 183 Yellow Jacket, Glenbrook, Nevada property. Both the SCARIB Solar-Electric Yacht Tender and KONA 17 electric speedboat will be on display.  Zero-emissions and 100 percent fun, these clean sportboats are modern throwbacks to the carefree boating days of the past and definitely worth checking out. For a quick overview, map and additional details, visit Tahoeopenhouseevent.com

Peter Strand, President of Sierra Sotheby’s, said, “These homes represent some of the finest living within the Lake Tahoe area. They are destined for generations of happy moments and fond memories.”

The homes feature gourmet kitchens, master suites, exquisite indoor/outdoor entertaining spaces, wine cellars, beautiful bars, luxury baths, and much, much more. These high-end masterpieces are filled with designs that spark your imagination. Whether for the home you own – or want to buy, you’ll find inspiration on this year’s Lifestyle Tour.

Sierra Sotheby’s International Realty continues to be the leader in the luxury real estate market Sotheby’s agents Jean Merkelbach and Lexi Cerretti were recently recognized on the The Wall Street Journal and REAL Trends Inc.’s The Thousand, a summary of the top one thousand independent real estate agents and teams in the entire United States.

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 15,000 independent sales associates located in approximately 720 offices in 52 countries and territories worldwide.In addition to the referral opportunities and widened exposure generated from this source, the firm’s brokers and clients benefit from an association with the Sotheby’s auction house and worldwide Sotheby’s International Realty marketing programs. Each office is independently owned and operated.

For more information, visit www.sierrasothebysrealty.com, search #SierraSIR on Twitter, “Like” us on Facebook, 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. Sotheby’s International Realty listings are marketed on the sothebysrealty.com global website.

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

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