New Northstar California™ Resort Real Estate Unveiled

Have you heard the buzz about Northstar California™ Resort? Are you looking for a vacation home at a family-friendly mountain with endless activities for the little ones and adults alike? Then look no further for fantastic real estate opportunities, as I am intimately familiar with all that Northstar offers.

Constellation Residences at Northstar is truly Lake Tahoe’s only ski-in/ski-out mid-mountain residences. Located mid-mountain Constellation Residences at Northstar is a boutique collection of only 17 two-, three- and four-bedroom fully furnished mountain residences, offering exceptional amenities and services.

Connected via a sky bridge to The Ritz-Carlton, Lake Tahoe, owners can enjoy Manzanita — the Ritz-Carlton signature restaurant, a 17,000 square foot spa and fitness center, Ritz ski valet, Ritz kids programs, mountain-side heated swimming pool, fire pit, and hot tubs, and, access to the Village at Northstar via a direct-access gondola.

Also new to the mountain is Northstar Mountainside Residences, providing an array of real estate options. It includes Home Run: 16 luxury town homes that connect directly to on-mountain ski runs, and The Glades: an intimate division of 25 custom homesites located above the Village at Northstar, and near The Ritz-Carlton, Lake Tahoe. The homesites range from .89 to 1.42 acres and will include advanced ski infrastructure: specially designed ski ways, bridges and tunnels allowing direct access from the slopes to each home.

Northstar-at-Tahoe, built in 1972 on what was originally called “Timber Farm,” is a year-round destination resort attracting hundreds of thousands of ski/snowboard and mountain biking buffs each year. It is home to the largest snowmaking system on the north shore of Lake Tahoe, the largest mountain bike park in Northern California and in 2011 became ‘home mountain’ to two-time Olympic gold medalist, Shaun White.

Northstar offers almost every kind of real estate option, from golf course estate homes to mid-mountain ski-in/ski-out condominiums; from town homes set right in the heart of the Village at Northstar, to luxury mountain homes sprawling slope side.  In late 2010 Vail Resorts® acquired Northstar-at-Tahoe and by the summer of 2011 $30 million in capital improvements were implemented for the winter season. This included a 17,000 square foot on-mountain lodge, the addition of Promised Land Express Lift, and other snow making and grooming expansion.

The growth at Northstar, from the family-friendly village shopping and dining options to terrain expansion, makes this the prime mountain for your next vacation home. With the variety of real estate choices, it is hard pressed to find a residence that would not fit your mountain-going needs. Whether you desire a full-service ski/in-ski/out experience or the comfort of your own slope side mountain home, Northstar abounds with real estate options.

Let’s chat soon, and tour the new developments!

For further information about Northstar real estate, contact Alison Elder at 530.582.8103 or email Tahoe@AlisonElder.com.

Lake Tahoe and Truckee Real Estate Statistics – June 30, 2011

Lake Tahoe and Truckee real estate home buyers have been busy and the market soft for home buyers! See the latest real estate and home sale prices and statistics here Lake Tahoe and Truckee Statistics.

North Lake Tahoe, West Shore, Tahoe City and Truckee home sales have all posted slightly higher unit sales for the first half of 2011 as compared to 2010. The Lake Tahoe area is up 2% and Truckee 4% over 2010 unit counts.

Prices softened in Truckee (Truckee Statistics) by 13% on average with sales adjusting by -14% from $614,786 to $534,313. Fewer homes sold over the million dollar range – 18 units, representing a 33% decrease in luxury sales.

In combined areas of the West and North Shores plus Tahoe City, the average price fell 15% from $804,135 to $681,634 (LINK HERE FOR LAKE ONE). However, $1MM+ home sales at the Lake increased 7% by unit count with 92 sales recorded as compared to 86 units in 2010.

For more information and specific neighborhood information, contact Alison Elder, Elder Group Tahoe Real Estate at 530-582-8103 or Tahoe@AlisonElder.com

 

Truckee 2011 First Quarter Statistics

First quarter, 2011 Truckee real estate sales showed a BIG 11% increase as compared to same quarter, 2010. A total of 124 single family homes sold with the median price 14% lower than the same period in 2010. Interestingly, the average price of a home sale in Truckee decreased from $624,015 to $504,337 – a substantial 19%. The median sales price of a single family home in Truckee decreased 14% from $510,000 to $439,000.

In the luxury real estate market, we experienced a 20% increase in homes sold under $1MM and a 67% decrease for homes sold over $1MM. Why? The value of $1MM+ home sales has decreased substantially over the last three years. Home buyers can now secure a lovely home that is under the $1MM mark.

Clearly, now is the time to buy your Truckee-Tahoe vacation retreat, second home or simply, move on up to the mountains as pricing appears to have stabilized. In several recent Q2, 2011 sales, I am seeing an uptick in square footage prices. Please feel free to call or email me for further information and discuss the neighborhood you are interested in following.  For more statistical information, click here for Elder Group Tahoe/Chase International Q1 Truckee Sales Statistics.