Q1 Market Report from The Q Group

2024 Starts Off with a Bang

Lake Tahoe real estate starts the year off with a bang! Quarter One saw sales volume rebound from Q1 2023 lows. In all micro-regions, the number of single-family homes sold increased year over year, with growth rates ranging from 35% to 131%.

Inventory remains low, while the demand for homeownership in Tahoe remains high, despite high interest rates. Properties that are appropriately and strategically priced are moving quickly, and the buyer pool is anxiously awaiting the influx of listings we typically see each year when the snow begins to melt.

  • Single-family homes sold increased 42% year over year.
  • Median price decreased 16% year over year.
  • Average Days on Market was 100 days, a 43% increase from 2023.
  • 5 of 37 homes (14%) sold for over $2 million. 1 homes (2%) sold above $5 million.
  • Single-family homes sold increased 131% year over year.
  • Median price increased 45% year over year, reaching a record high.
  • Average Days on Market was 140 days, up only one day over 2023.
  • 19 of 30 homes (63%) sold for over $2 million. 4 homes (13%) sold above $5 million.
  • Single-family homes sold increased 37% year over year.
  • Median price increased 8% year over year, nearing the 2022 record high.
  • Average Days on Market was 75 days, a 9% increase from 2023.
  • 32 of 129 homes (25%) sold for over $2 million. 6 homes (5%) sold above $5 million.

 

For more information on the Lake Tahoe real estate market, contact Amie Quirarte.

JUST SOLD: 640 McKinney Creek Road, Tahoma

JUST SOLD | REPRESENTED SELLER

640 McKinney Creek Road, Tahoma, California

3 Bedrooms | 2 Bathrooms | 1,656 SF

Sale Price $989,000.00

Another West Shore gem sold! This remodeled home is set back from the street with a wonderful sense of privacy on almost a half acre. Congratulations to our sellers on this off market sale!

For more information on West Shore real estate, contact Amie Quirarte.

The Heavily Publicized NAR Settlement and How it May Impact You

The Heavily Publicized NAR Settlement and How it May Impact You

As I’m sure you’ve heard, The National Association of Realtors entered into a settlement agreement that included monetary compensation and two new changes to how real estate agents must do business beginning in July of 2024.

I’ve never seen such a media swarm around the real estate industry prior to this, and I wanted to let you know that I’m here to answer your questions.

Regardless of whether or not you’re planning to enter into a real estate transaction anytime soon, I am here to guide you through what the future may look like in our industry.

If you’d like to learn more, let’s schedule a call to catch up.

PRICE REDUCTION: 1401 Bear Mountain Court, Alpine Meadows

PRICE REDUCTION

1401 Bear Mountain Court, Alpine Meadows, California

3 BR | 2.5 BA | 2630 SF

Listing Price $2,125,000

Custom Mountain Home in Scenic Alpine Meadows

Situated on over an acre of land on a private road in Alpine Meadows, and only 2 miles away from the ski resort and the base-to-base gondola, Bear Mountain Court awaits! With the option to purchase the privacy lot next door, the tranquility of this property is unmatched.

Built in 2011, this custom home offers sweeping mountain and valley views from nearly every window. Soak in the peace and quiet without compromising your proximity to the mountain. Each room is located on a separate floor offering seclusion from the main areas without being too far. The expansive deck is drenched in sun and is the ideal spot to enjoy the sunset over the towering mountain range. Custom features include an elevator, backup generator, vaulted ceilings, hand-scraped Brazilian cherry floors, cherry cabinets, granite countertops, wine fridge, heated floors, towel warmers, steam showers, high-end fixtures and finishings, and more.

For showing appointment or information on properties at Alpine Meadows, contact Amie Quirarte.

BACK ON THE MARKET: 160 Cherry Street

BACK ON THE MARKET

160 Cherry Street, Homewood, California

6 BR | 5.5 BA | 5670 SF

Listing  Price $8,990,000

Homewood Mountain Lodge on the West Shore

Beyond the A-symmetrical front gate lies 160 Cherry Street. Situated on 2.38 acres and backing to Forest Service land, this property encapsulates privacy and seclusion without compromising your proximity to the lake.

Completed in 2020, this home features endless unique components, such as a hanging staircase made out of forged steel, and the use of reclaimed wood from the original Tahoe Tavern Pier that was reworked for multiple pieces throughout this spectacular home. The 20-foot stone, floor-to-ceiling, double-sided fireplace centered in the great room is the heart for family gatherings and celebrations.

The main home has five bedrooms, four and a half bathrooms, and a 1,400-square-foot deck with a covered patio and wood-burning fireplace. The guest house is a fully detached one-bedroom, one-bathroom unit with four additional built-in bunk beds to accommodate both friends and family.

Nestled between the guest and main homes is an outdoor patio with a gas fireplace and a 30′ outdoor water feature. There are two separate garages that can comfortably house five cars and a boat. The radiant heat, air conditioning units, air purifying system, elevator, and heated stairs and driveway are the finishing touches to ensure life at Cherry Street is as effortless as it gets.

As a member of Tahoe Swiss Village’s homeowner’s association, you can enjoy the use of two buoys, two piers, and a private beach located just across the street. This custom home was initially envisioned as a mountain lodge with an industrial feel, and the dedicated group of minds behind it brought this vision to life. It was designed, engineered, and built by local teams who have a deep affinity for this area and worked together to seamlessly integrate the intimate characteristics of the home with the nature that surrounds it.

 

For showing appointment, contact Amie Quirarte.

 

Amie Quirarte of The Q Group Speaks at Inman Connect New York

When real estate agents hear the words “personal brand” the first things they think of might be business cards, social media posts and email newsletters.

But according to Douglas Elliman’s McKenzie Ryan, an agent in New York, a personal brand should extend into every asset of life.

“A brand is not one dimensional, or what you decide you want to portray on social media,” she told the audience at Inman Connect New York on Tuesday. “A brand is who you show up as in real life and a brand is who you are.”

Ryan spoke on a panel about strategies for building a lasting personal brand alongside Amie Quirarte of Tahoe Luxury Properties and Jas Takhar of REC Canada.

Takhar agreed with Ryan, and argued that forming a consistent personal brand was all but essential for those working in real estate in the current market.

That’s not to say social media should be neglected. Many savvy potential seller clients may be more swayed by your social media presence than your listing presentation.

“I personally have a love-hate relationship with social media but we have to have a presence and what does that presence communicate,” Michelle Griffith of Douglas Elliman said during a panel conversation on winning listing presentations on Tuesday. “Do you have video footage so that they can understand who you are and get a feeling? I think that as agents, now more than ever we need to really focus on: if our clients are cyber-stalking us, what does that look like?”

Your brand shouldn’t be forced though, and should be an accurate representation of who you are.

“I think that in the beginning especially when you’re getting started and you’re trying to find out what your brand is going to look like its easy to try to fit into a mold of ‘I want to be in this box so that every single person likes me,’” Quirarte said. “Fuck that — you’ve got to do what is best for you. You need to be the agent that you are.”

“It sounds so cheesy and so lame but it goes a long way,” she added.

Article originally published by Inman Connect

Amie Quirarte is a luxury real estate agent with Tahoe Luxury Properties in California and Nevada. Connect with her on Facebook or LinkedIn.

JUST LISTED: 1401 Bear Mountain Court, Alpine Meadows

JUST LISTED

1401 Bear Mountain Court

Alpine Meadows, California

3 BR | 2.5 BA | 2630 SF

Listing  Price $2,239,000

Tranquil Sanctuary in Alpine Meadows

Situated on over an acre of land on a private road in Alpine Meadows, and only 2 miles away from the ski resort and the base-to-base gondola, Bear Mountain Court awaits! With the option to purchase the privacy lot next door, the tranquility of this property is unmatched.

Built in 2011, this custom home offers sweeping mountain and valley views from nearly every window. Soak in the peace and quiet without compromising your proximity to the mountain. Each room is located on a separate floor offering seclusion from the main areas without being too far. The expansive deck is drenched in sun and is the ideal spot to enjoy the sunset over the towering mountain range. Custom features include an elevator, backup generator, vaulted ceilings, hand-scraped Brazilian cherry floors, cherry cabinets, granite countertops, wine fridge, heated floors, towel warmers, steam showers, high-end fixtures and finishings, and more.

For information on properties at Alpine Meadows, contact Amie Quirarte.

JUST SOLD: 3009 Ridge Court, Unit 14

JUST SOLD | REPRESENTED BUYER

3009 Ridge Court, Unit 14, Olympic Valley, California

3 BR | 2 BA | 1,421 SF

Sale Price $1,100,000.00

The perfect resort-like lifestyle in Olympic Valley for all Tahoe seasons. Centrally located to countless dining and shopping options, trail access, bike paths to Tahoe City and West/North Shore, and Truckee River.  Congratulations to our buyers who get to enjoy it!

For more information on Olympic Valley real estate, contact Amie Quirarte.

Photo courtesy: Circa Properties

JUST SOLD: 400 Squaw Creek Road, Unit 218 + 220

JUST SOLD | REPRESENTED SELLER

400 Squaw Creek Road, Unit 218 + 220

Olympic Valley, California

2 BR | 2 BA | 1025 SF

Sale Price $799,000

We represented the seller of these two units at Everline Resort (formally Squaw Creek), and couldn’t be more excited for our clients to take their next steps of homeownership in our area. We put this property in escrow within 4 days of listing it with a full price offer.

This beautiful two-bedroom condo has breathtaking views of the Olympic Valley area, Resort Chair, and mountain run; offering a great balance between owner usage and rental opportunities.

For information on Olympic Valley properties, contact Amie Quirarte.