Lake Tahoe’s Real Estate Market Still Breaking Records

As our architecture firm in Incline Village, NV, continues to experience one of our busiest years on record, the real estate marketing throughout Lake Tahoe is echoing the same.

Within a recent Luxury Market Report published by Chase International, the statistics continue to tell the tale of 2020 and how the world seemed to find our piece of paradise, purchase property, and call the High Sierra “Home Sweet Home.”

When you follow this link you can read the entire Lake Tahoe Real Estate Report  at your leisure.  To save you time, we have captured some of the report’s highlights:

Now that 2020 is in the books, it’s time to take a closer look at how the luxury real estate market is performed in 2020. WOW, is the response! The market has been explosive in Lake Tahoe properties sold over $1 million for a total of 722 units. Leading the way, South Lake Tahoe, CA witnessed a whopping 121% increase in properties over $1 million, followed by West and North Shore which recorded a staggering 113% with East Shore a close 96% increase. Incline Village was up 83%. These numbers are historic because, as of June 2020, the entire market was down across the board. We have not seen such a vigorous market swing in a short period of time in recent history.

Here are some regional stats about real estate sales in Lake Tahoe, Truckee, and the greater Reno/Carson City area:

  • The highest home sale within the entire region sold for $38 million and is located on Lake Tahoe’s East Shore.
  • The North and West Shores led in lakefront sales with 21 closed transactions in 2020 verses 14 the year before.
  • In Incline Village, where our architecture firm is based, recorded 16 lakefront properties sold verses just four in 2019.
  • Over in Truckee, where we have designed a considerable amount of mountain estates, that region recorded 503 properties that sold over $1 million each, with the median price stated at $1,650,000.  Remarkable to say in the least.  The report also noted that Martis Camp, where we have designed several homes for our clients, continues to be the most affluent community in the Northern Region of the Lake Tahoe/Truckee area.

And, just over the eastern crest of Lake Tahoe, our friends at Clear Creek Tahoe Development were all a part of the Carson City’s astounding real estate sales.  The Luxury Report published by Chase International quoted:

Carson Valley has seen the most tremendous growth in 2020 with a 183% increase of units sold over $1 million. 65 homes in 2020 over a million versus 23 in 2019. The highest priced property sold in the Carson Valley was $12 million with the second at $6,950,000.”

To see all the statistics about how real estate faired over the past year, dive deeper into Chase International’s Spring/Summer Real Estate Report right here.

And for more information about the neighborhoods, home developments in Lake Tahoe, Truckee, and Carson City, feel free to reach out to Borelli Architecture at any time.  We have designed a significant amount of homes in the region and have the personal insight to share with you.

Jim Borelli
Borelli Architecture
Lake Tahoe / Truckee
jim@borelliarchitecture.com

775 831 3060

Architectural Design Trends for Today’s Work at Home Environment

Living in Lake Tahoe, NV, we have seen a surge of new residents and second home owners deciding that if they need to be at home, they might as well live in one of the most beautiful places on the planet.

At our architecture firm that designs homes in Lake Tahoe, Truckee, and Carson City, NV, we have been approached by new clients throughout the West who have purchased land and are ready to build. From the prestigious Gray’s Crossing in Truckee, CA, to one of our  favorite ski and golf home developments in Nevada – Clear Creek Tahoethere are more homes being designed and built than we have seen in many years.  And with good reason.

For those of us who have yet to retire, we are all well aware of the new “work, live, play’ lifestyle that has become the norm.  And with this new world is a whole new appreciation for our homes which have become the cocoon that wraps around our every day life. So what does today’s ‘work at home’ design look like?  Here are some highlights that our team at Borelli Architecture in Incline Village, NV are recommending to our clients who have selected our firm to design their mountain estate and golf course homes in Nevada.

Architectural Design Trends for Today’s “Work at Home” Environment

“Zoom”Room –  Never before has the space behind and around our desk been so important.  With the world having every opportunity to see what your office looks like, and possibly hearing everything going on in your home, the life in which you live most of your life is wide-open for all to see and hear.   With this trend there is a high demand to either design a room or two that insures privacy as well as plenty of space to conduct business, or remodel a home to include a brand new office environment.

“Stay-Cation” Concepts –  Earlier in this news piece we referred to the live, work, play world that most of us have become very accustomed to this past year.  Now, it’s the norm.  As such, our architect firm in North Lake Tahoe is designing elements throughout the home that accent the lifestyle that mirror our clients’ preferences – be it work or play.  From expansive kitchens where one can entertain while enjoying their family’s company, to ‘great rooms’ which are truly a great escape.  i.e. floor to ceiling windows, large fireplaces and pizza ovens,  room for a new Pool Table, and then some.

Outdoor is Always “In” at Lake Tahoe – We couldn’t leave this one out of our list.  Most of the home designs throughout the High Sierra accent the benefits that come with buying property and building a home in Truckee and Lake Tahoe.  No matter where one builds, Mother Nature is at our beckoning call.  Think:  sliding glass windows that bring the outdoor in, state-of-the-art outdoor kitchens, mud rooms and large storage areas for all our toys, and down in the valley of Carson City, pools are back and one of the hottest features of 2021.

Romper Room – For Boomers, this term may bring back memories of the morning TV show that we were all glued to while the parents enjoyed some peace and quiet.  Today, it’s kind of the same concept yet today’s Romper Room is right home and usually down the hall or above the garage.  Within this ‘hide-away’ for the kids, we are seeing all sorts of additions that include a full bath, small kitchen, basketball hoops, padded flooring for gymnastics, comfy couches and large screen TV’s.  Within this ‘arena’ is an area that depicts a high tech school room with plenty of technology, exceptional lighting, and comfortably-sized desks and chairs.

And that is just the beginning of the new trends for home design.  When you are ready to build your new home, or want to chat with us about remodeling your home, we always appreciate the opportunity to share our design ideas that include the new trends for home design in Lake Tahoe, Truckee, and beyond.

Jim Borelli
Borelli Architecture
Lake Tahoe / Truckee
jim@borelliarchitecture.com

775 831 3060

 

Top Tips on How to Decide What Kind of Home You Want to Build (Part Two)

Within my most recent news posts, I started to share some top tips on how to decide what kind of home you want to build.  And within that story I promised I would continue to share additional idea on how to get started to build a home.  So here are more tips from our architecture firm in Lake Tahoe, Truckee, and North Lake Tahoe, CA.

What is your budget?  Depending on where you have purchased your property, the costs per square foot will vary – a lot!  Check with your real estate agent for comps on home building prices.  With the recent pandemic, we have seen a tremendous rise in interest in building a home in Nevada (Carson City in particular).  Construction costs are increasing with the demand.

Who will finance the project?  If you need to secure a loan you certainly need to research a lender before the shovel goes into the ground.  Be sure to shop around and when you have made your decision, be sure to have your lender offer a pre-approval so you can get started sooner than later.

What is your timing?  Mirroring my last statement, as the world discovers the benefits that come with living in Nevada, and/or the High Sierra, our general contractors have not been this busy in a long time.  The sooner you can work with an architectural firm like ours that services Nevada and California, the better.

How familiar is your home designer to your home’s environment?  Just because you have a final drawing does not mean you are done.  Within our firm that designs mountain and golf course homes in Lake Tahoe, we offer a list of additional services that come with the pleasure of living in a resort area.  Those services include:

  • Site Planning
  • Space Planning

How familiar is your architect to local building regulations? When one has selected to build or remodel a home within the High Sierra and its surrounding counties, there is a lot more to the building process that meets the eye.  For over 30 years,our  Borelli Architecture team has remained on-top of the environmental and county regulations.  Within our services, we also offer professional assistance with the following projects:

  • Permit Processing Assistance
  • TRPA Feasibility Studies
  • Contractor Selection and Bidding Assistance
  • Construction Administration Services

Will you need an interior designer to help you design the inside of your home?  Our team offers the professional assistance of Kelly Borelli Interiors located in Incline Village, NV on Lake Tahoe’s North Shore. Kelly Borelli Interiors has been providing exceptional design services for resort homes and commercial clients in for over 20 years. From practical design for the Lake Tahoe Lifestyle to the most contemporary California seaside estate, Kelly works with each of her clients in conjunction with our own design team, to discover that perfect, personal touch that each client should expect and every home deserves.

In closing, if you have any questions whatsoever about how to get started, please feel free to reach out to us at any time.  We look forward to helping you design your dream home.

 

 

Jim and Kelly Borelli
Borelli Architecture
Lake Tahoe / Truckee
jim@borelliarchitecture.com

775 831 3060