This page contains downloads and press items from Donovan Group at Chase International. Check back often for current flyers, listings and press items in a downloadable and printable .pdf format.
Chase International Real Estate Market Report - Winter / Spring 2017
"At Chase International, our experienced, professional Certified Luxury Specialists have a keen ability to bring luxury to life. We invite you to experience what the Chase Luxe Team can do for you - from off market offerings to innovative negotiation and brilliant marketing techniques, you’ll learn about the latest trends affecting you.
Our region continues to be one of the top choices for luxury home buyers around the world. A winter wonderland with more ski areas within a 50-mile radius than any other area, Lake Tahoe continues to dazzle with newly developed condominiums, shopping centers and fine dining. Reno is still exploding with Tesla, Switch and a renaissance of art, culture and world class events such as the Reno Air Races and Burning Man. The University of Nevada is fast becoming a desired place to obtain a degree. Yes, we are proud of our region and we would love to share it with you.
Take a moment and learn more about luxury in the High Sierra. We know you’ll be happy you did."
Chase Agents Attend Global Luxury Conference (Lake Tahoe South Shore Chamber of Commerce)
"A handful of Chase International agents recently attended the exclusive Luxury Portfolio SUMMIT in Miami Beach. The gathering, which took place February 20-22,is an invitation-only event that brings together the most successful luxury specialists in the nation.
Kerry Donovan, Sue Lowe, Megan Lowe-Lynch, Mary Kleingartner, Megan Warren and Adele Lucas all took part ina collaborative program focusing on home and lifestyle trends. They also explored how to best meet the needs of affluent home buyers and sellers by cultivating a keen understanding of the most contemporary trends."
Chase International agent profile article on North Nevada Business Weekly
"Kerry Donovan, Sue Lowe, Megan Lowe-Lynch, Mary Kleingartner, Megan
Warren and Adele Lucas, real estate agents in the northern Nevada
offices of Chase International, attended the exclusive Luxury Portfolio
SUMMIT Feb. 20-22 in Miami Beach, Fla.
The gathering is an
invitation-only event that brings together the most successful luxury
specialists in the nation."
Chase Luxury Real Estate Market Report - Winter/Spring 2016
View the Chase Luxury Real Estate Market Report for Winter / Spring 2016. The report summarizes luxury real estate sales and trends for the 2015 year.
An excerpt from the report:
"With a beautiful winter season and an outstanding growth forecast, the luxury market is set for a rebound. Starting the year out right in January, Chase sold a lakefront estate for $25,500,000. In comparison, the 2015 luxury home market decreased in volume in almost all areas. The units sold were down or flat compared to the prior year, but the median price was up all around the Lake. Low inventory at the upper end is a reflection of more economic stability, which lessens the need to sell vacation homes. Even though the number of unit sales dropped, overall appreciation was up."
"Tahoe Today" TV segment for 1520 Vivian Lane
Chase Takes Part in Trifecta of Luxury Gatherings
ZEPHYR COVE, Nev. (Nov. 5, 2015)
– Never ceasing to pursue excellence, Chase
International agents attended three top luxury events last month. Their efforts
to further elevate their status as the leaders in luxury real estate, took them
to Who’s Who in Luxury Real Estate, Leaders in Luxury and the Inman Luxury
Connect in Beverly Hills.
The Who’s Who in
Luxury Real Estate was the 20th annual gathering for Regents from
around the world. The Seattle event included industry experts and panels
discussing trends and keys to success including how to capitalize on
connections that are all one phone call away from a billionaires market.
featured more than 300 luxury brokers and agents from Hong Kong to the Hamptons
and highlighted successful growth strategies. The Leaders in Luxury event took
place in Puerto Rico and was an invitation-only event for real estate
professionals specializing in multi-million-dollar properties.
“Leaders in Luxuryattendance is limited to proven professionals in the luxury home
niche,” said Laurie Moore-Moore, founder of The Institute for Luxury Home Marketing.
“This gives LIL attendees the opportunity to build an exclusive network of
contacts focused on the upscale residential industry, while sharing ideas with
the best in the business.”
Attending the Who’s
Who in Luxury Real Estate Conference were Chase International Realtors Alison
Elder, Debbie Hansen, Kerry Donovan, and Susan Lowe. Donovan, Kristina Matson, Tilly Mezger, Mike Marrone,
Alex West, Mary Kleingartner, Trinkie Watson and Donna Spear took part in the
Luxury Connect event. Watson also took part in the Leaders in Luxury
“These events gave us unparalleled opportunities to
meet with other top tier luxury agents across the nation,” said Kerry Donovan,
vice president of luxury real estate at Chase International. “To be able to
share knowledge and collaborate with professionals from around the globe gives
Chase agents the edge and drive to deliver more.”
Headquartered in Lake Tahoe, Nevada since 1986,
with nine offices in the region (Zephyr Cove, Glenbrook, Incline Village, Tahoe
City, Squaw Valley, Truckee, South Lake Tahoe, Carson Valley and Reno) and one
in London, England, Chase International and its exclusive affiliations handle a
large share of the country’s property. With 310 professional Realtors® boasting
an array of industry certifications and the highest volume per sales agent in
the area, Chase International successfully represents homes at all price
levels. For more information about Chase International, visit www.chaseinternational.com.
The High Sierra Report - Watch Video Episodes
Watch episodes from the High Sierra Report on Lake Tahoe TV featuring Megan Warren from Chase International and The Donovan group. Megan walks us through a stunning estate tour of properties in the Lake Tahoe Area. Watch the videos in order from top to bottom.
The Drone Industry: A Northern Nevada Economic Hot Spot
By Leah Wagner,
Corporate Relations Manager
We’ve all heard about that battery factory, but a multi billion-dollar high tech industry is flying under the radar into Northern Nevada.
The drone industry is predicted to generate over $90 billion dollars in the next decade, and Northern Nevada is poised to be a major stakeholder.
From “Nevada’s Mission to Build the Detroit of Drones”
By Satta Sarmah, in Fast Company October 30, 2014
"We want to develop a new reputation for Nevada of being the Silicon Valley for autonomous systems," said Warren Rapp, business director for the Advanced Autonomous Systems Innovation Center. The goal is to suck up the biggest share of the global drone market that will swell to an estimated $90 billion in the next decade.
Experts say the state is focused on building an industry for drone testing, for drone manufacturing and the development of other autonomous systems, such as Google’s self-driving cars, which were tested in Nevada. Mike Kazmierski, president & CEO of the Economic Development Authority of Western Nevada, said that the drone industry . . . could have a huge impact in the north.
"Manufacturing is one of our sweet spots," Kazmierski said. "As we look at the long-term growth of the UAV industry, we see that as a growing segment of our economy."
On December 30, 2013, the FAA selected Nevada as one of only six test sites for UAV’s (drones).
See the FAA press release
“Nevada has been on the leading edge of aerospace flight testing for almost 70 years,” said Transportation Secretary Anthony Foxx. “Today, the state continues that tradition by contributing to the safe and efficient integration of unmanned aircraft into the U.S. aviation system.”
Northern Nevada 2015 – The Economic Renaissance
By Leah Wagner
Corporate Relations Manager
March 27, 2015
Reno’s economic past conjures up images of smoke filled casinos and quickie divorces. While tourism still plays a significant role in the local economy, Reno’s gaming industry is shrinking, while new economic drivers such as warehousing, advanced manufacturing, data centers, technology and media are thriving.
The eyes of the world have been on Northern Nevada since Tesla Motors announced it would build an electric car battery plant here in September 2014. It’s expected to be one of the biggest buildings in the world and, if all goes as planned, Tesla will deliver up to 22,000 jobs, (6500 direct jobs and another 15,500 + indirect jobs created through the multiplier effect) $100 billion in economic impact and a new industry to help power Nevada’s economy.
Soon after Tesla’s arrival in Northern Nevada, Solar City, with Elon Musk at the helm as chairman, announced on February 17, 2015 it is expanding its operations to Northern Nevada.
See: Jason Hidalgo “SolarCity launches solar service in Reno area, deepens region’s Tesla Ties” RGJ 2-17-2015
Much attention on the Tesla Deal is focused on the electric vehicle market, but some analysts predict Tesla’s interests in the energy industry signify much greater impact for Northern Nevada.
See: John Solari: “Tesla’s Economic Multiplier Looks Good” RGJ, 12-22-2014
“Much of the conversation around Tesla has understandably centered on electric cars, but Tesla’s ambitions are much greater than that. In partnership with SolarCity, the company has set its sights on a network of solar energy generation and storage that could mean sweeping changes to the energy industry. Tesla is developing battery technology that it hopes will become the centerpiece of both vehicle power and home energy across the nation.
As a Morgan Stanley analyst told Bloomberg recently, “We believe there is not sufficient appreciation of the magnitude of energy storage cost reduction that Tesla has already achieved, nor of the further cost-reduction magnitude that Tesla might be able to achieve once the company has constructed its ‘gigafactory.’”
If Tesla’s battery technology becomes a supplement or alternative to nation’s electricity grid, as well as the dominate power source for electric vehicles, Northern Nevada’s gigafactory projections may have underestimated the long-term economic impact to the region.”
At a meeting hosted by Nevada Business Connections on March 18, 2015, Dean Haymore, Storey County Buildings and Planning Administrator further expanded on Tesla’s and SolarCity’s wide ranging technological and economic impact.
Mr. Haymore discussed the growth and evolution of the battery industry that is igniting a gold rush of high tech companies desiring to be located in proximity to the Tesla, Panasonic and SolarCity projects in Northern Nevada.
Chase International Tahoe Year End Stats:
Tahoe Home Sales Increase Throughout 2013
Million-Dollar Homes Lead Market in Sales
ZEPHYR COVE, Nev. (Jan. 6, 2014)
Lake Tahoe real estate finished 2013 strong, marking significant increases in average and median home prices, as well as sales volume. The figures are part of a quarterly report released by Chase International Real Estate.
Comparing last year’s figures with those from January 1 through Dec. 31, 2012, the 2013 year-end report showed a 29 percent jump in median home price ($445,000) and 23 percent rise in average home prices ($775,516) at Tahoe. Sales volume was up 23 percent, heavily impacted by a 42 percent leap in sales of homes priced over $1 million. Homes selling for less than a million dipped six percent.
The East Shore and Incline Village, both in Nevada, led the lake in sales. East Shore saw an 89 percent leap in sales volume with a 104 percent increase in homes sold for more than a million. Incline Village saw a 71 percent increase in volume sold and a 79 percent rise in the sale of million-dollar homes. The median price of a home on the East Shore is $681,250 (up 41 percent) and Incline Village’s is $880,000 (up 25 percent).
Click here to download this full press release.
Chase Closes StoneGate Estate for $19.75 Million
Chase International Reno Carson Valley Year End Stats:
Sales Strong for Reno Real Estate in 2013
RENO, Nev. (Jan. 6, 2014)
The Reno-Sparks real estate market experienced an auspicious year in 2013 with a 26 percent rise in sales volume and 29 percent increase in median home price ($213,000).
The figures, which compare all sales from January 1 through Dec. 31 2012 to those of 2013, were part of a quarterly report released by Chase International Real Estate. While units sold for less than $1 million was down two percent throughout Reno and Sparks, homes selling for more than a million were up 154 percent.
“Continued low inventory in the lower segments of the market held the number of units sold flat and helped push the median and average prices up,” said Sue Lowe, corporate vice president for Chase International. “We also saw a substantial gain in the luxury market.”
The median price of a home in Reno is $221,000 (up 30 percent) and in Sparks it is $199,500 (up 25 percent). Sales volume was up 29 percent and 18 percent, respectively.
Carson Valley experienced a 21 percent jump in sales volume and 28 percent increase in median home price ($250,450), with a substantial jump in homes selling for more than $1 million (50 percent).
Click here to download this full press release.
Chase International represented the seller in the sale of Incline Village’s StoneGate estate, which sold for $19.75 million. The sale was the largest to date in Incline Village. A second estate, also on Incline’s Lakeshore Drive, sold in June for $15.5 million, and Chase also represented the buyer.
In addition to boasting a private pier, 100 feet of sandy beach and more than 10,000 square feet of living space, StoneGate’s exquisite interior was designed by Michael S. Smith. Smith is known for his work with Hollywood celebrities, but most notable is his work on the White House for the Obama Family.
“StoneGate is an extraordinary home,” comments Smith, author of two home design books. “The attention to detail and craftsmanship is unmatched on Lake Tahoe. It can hold its own with the most beautiful homes in the world.”
Click here to see the full list at TopTenRealEstateDeals.com
Sierra Star listed on the weekly hotlist at TopTenRealEstateDeals.com
The Lake Tahoe basin was formed by a combination of glaciers, an ancient volcano and fractures in the earth's crust that created the lake area and the surrounding mountains. Today, the lake forms part of the California – Nevada border with about two-thirds in California and one-third in Nevada. It is the largest alpine lake in North America with enough water to cover the entire state of California four inches deep. Mansions of celebrities and dot-com moguls are spread along the shoreline with Incline Village being one of the most popular enclaves on the north side of the lake in tax friendly Nevada. From snow skiing to water skiing and from nearby casinos and fine dining, the region can be enjoyed year round.
Click here to see the full list at TopTenRealEstateDeals.com
First Quarter Market Stats
Here's the first quarter Incline Village and Lake Tahoe market stats for 2013
Click here to download first quarter 2013 Incline Village market stats.
The Big Score: Brokers Who Bet an a Few Sales
In marketing the 8-acre Osprey Estate at Lake Tahoe, Nev., Shari Chase spent $20,000 on a copywriter who wrote and designed brochures and composed haikus.
Click here to download.
January 25th, 2013, Alyssa Abkowitz, The Wall Street Journal
Lake Tahoe Home Sales Surge in '12
$25.5 million sale of Osprey Estate tops list.
Click here to download.
January 13th, 2013, Yun Long, The Reno Gazette Journal
Buying Binge: Lake Tahoe Sees Five Deals, From $11 Million to $15.5 Million
After several l slow years, Lake Tahoe, an affluent mountain getaway, is experiencing a flurry of high-end sales.
Click here to download.
January 4th, 2013, Sarah Tilton, The Wall Street Journal
Where big money comes to play
Once a lumber settlement, Lake Tahoe's Incline Village now attracts a range of business moguls to it's ski moguls
December 7th, 2012, Sarah Tilton, The Wall Street Journal
The Nation's Most Avid Trophy-Home Buyer?
How the software billionaire has taken serial property buying to new extremes.
One of the nation's most voracious consumers of trophy real estate is back on the hunt.
October 21, 2011. By Sarah Tilton And Juliet Chung, The Wall Street Journal
Since the mid-1990s, software billionaire Larry Ellison has
accumulated hundreds of millions of dollars worth of top-shelf
properties around the world. The portfolio of Oracle Corp.'s co-founder
includes five adjacent lots in Malibu, Calif.; a Newport, R.I., mansion
formerly owned by the Astor family; a historic garden property in Kyoto
and an estate in Rancho Mirage, Calif., with a private, 19-hole golf
The list of serial buyers of trophy properties, while thinning in
recent years, includes Paul Allen along with Roman Abramovich and other
Russian oligarchs. Mr. Ellison has a distinctive buying pattern: When he
finds an area he likes, he takes a flood-the-zone approach. He often
buys several adjacent properties to combine into a single sprawling
compound. At the same time, he acquires other noncontiguous properties
nearby, increasing his overall holdings in a desirable area.
Mr. Ellison has been applying this approach to a new location: Lake
Tahoe, the resort area straddling the California-Nevada border. Records
show Mr. Ellison has spent $102 million in the last several years buying
property, both on and off the market, to assemble three different
parcels fronting the 191-square-mile lake. On one of them, purchased
over three years for a total of $58 million, Mr. Ellison is constructing
a compound with more than 18,000 square feet of living space as well as
a pond with an island, waterfalls and a tennis court with a pavilion,
according to plans submitted to Washoe County, Nev.
Click here to read the rest of this article at the Wall Street Journal Online.
Small group owns nearly 40 percent of Incline Village's lakefront property
Of the 105 Incline Village lots that border Lake Tahoe, 40, or nearly 40 percent of available property, are controlled by just 15 owners.
Billionaires and millionaires have flocked to Lake Tahoe to build estates for decades. But the recession has presented additional opportunities for those who long to build a private, mega-compound at the lake.
"If you find the location that you love and that you are really drawn to, you might or might not have the opportunity to expand on that land," said Kerry Donovan, a Chase International broker. "Many want to expand their privacy, and more people want more acreage -- not less."
Most Lake Tahoe parcels already have buildings on them. Some luxury homebuyers tear down existing structures and build an estate that suits their taste.
"It's a lot easier to start from scratch sometimes," Donovan said.
Those with the means have long been acquiring Lake Tahoe property to build compounds and dream homes. In 1987, businessman Warren Trepp bought seven homes and then proceeded to razed them to build a 8,000-square foot residence. Junk-bond king Michael Milken, casino mogul Steven Wynn and many from Silicon Valley such as PeopleSoft Inc. chief David Duffield and Oracle CEO Larry Ellison followed.
Even with the housing market going bust in Nevada, Incline-Crystal Bay's 89451 zip code still made Forbes' 2010 list of the most expensive ZIP codes in the U.S. At No. 389, it was the only Nevada entry on the list.
Click here to read the rest of this article on WSJ.com
Nevada Tax Advantages
The Silver State shines ranking number two in the nation on a list of the 5 Most Tax-Friendly States To Live In by Daily Finance in 2010. Nevada also ranked in the top 14 Most Pension-Friendly States in a report released by Kiplinger in 2011.
Here are some simple tax facts. In Nevada, there are fewer taxes and a lower tax burden than in most other states. That's why Nevada is on every list of the top tax havens. The Tax Foundation, a nonpartisan tax research group based in Washington, D.C., crunched some numbers to determine which states are the most generous with residents, considering criteria such as state and local income taxes, property taxes and local sales taxes. In fact, they report that Nevada’s state and local tax burden is second lowest in the nation. In Nevada, there is:
- No personal income tax
No corporate income tax
- No inheritance, estate or gift tax
- No special intangible tax
- No sharing information with IRS
- Simple annual requirements
- Low property tax
The Tax Foundation also ranked Nevada 4th in the nation on their State Business Tax Climate Index. The index compares five areas of taxation that impacts business: corporate taxes, individual income taxes, sales taxes, unemployment insurance taxes and taxes on property, including commercial and residential. Nevada’s pro-business attitude includes:
- No gross receipts tax
- No franchise tax
No inventory tax
- No unitary tax
- No special intangible tax
- No tax on issuance of corporate shares
- No tax on sale of transfer of shares
- Protection of Directors and Officers
- No initial or minimum capital requirements
Anonymity of owners – Total Privacy
We can connect you with local CPA’s who can help you evaluate your potential for Nevada state income tax savings.
Emma Mahony, FT.com, July 1, 2011
Hot property: guest houses
Original Article from and all credits and rights to Financial Times - FT.com
As Benjamin Franklin, one of the founding fathers of the US, observed: “Fish and visitors smell in three days.”
One way round the problem is to have separate guest accommodation. And if you can offer entertainment in the way of tennis, golf or a boat on site,
then hosting at a second home need not be a chore. Below, we offer five of the best houses with guest accommodation.
Osprey Estate, Incline Village, Lake Tahoe, Nevada, US
Where: An exclusive enclave on the eastern North Shore of Lake Tahoe, which borders California and Nevada, and is the largest of the Alpine Lakes in North America, 200 miles east of San Francisco.
What: Designed by architect Roderick Ashley, this eight-acre estate has 690ft of water frontage and an eight-bedroom, seven-bathroom home, with 7,100 sq ft of living space and a guest house and studio/library.
Commissioned by the late US inventor Jerome Lemelson, the estate has large entertaining areas and an indoor infinity pool facing the Sierra Nevada mountains.
Why: The guest house and library are linked by a boardwalk. Both pavilions have marble floors, with floor-to-ceiling windows overlooking the sculpture garden and lake.
There is skiing in winter, sailing and scuba diving in summer.
Who: Chase International, www.chaseinternational.com, tel: +44 (0)20 7467 5330
Read the full article with at FT.com
"Hot property: forest dwellings"
Financial Times online (FT.com) has posted an article on their website listing attractive high end properties in forested locations around the world. One of our current listings in Incline Village, Lake Tahoe, dubbed "Stonegate", is featured in the article.
In the article under the "Why" section, Financial Times Online writes, "This
is a great base from which to explore the forests of the
California/Nevada border. There is hiking and mountain biking on offer
in the summer, and skiing in winter. The house’s interior is opulent –
with a gym, wine cellar and spa bath – and was created by President
Barack Obama’s interior designer, Michael S Smith. Nevada has one of the
laxest tax regimes in the US."
Tranquility seller firm on Lake Tahoe home's $100 million price tag
Tranquility is set on 210 secluded acres in Zephyr Cove, surrounded by
aspen and pine forest, down a private, almost mile-long road.
The Lake Tahoe estate is owned by Tommy Hilfiger co-founder Joel Horowitz and his wife, Ann Horowitz.
has been on the market for $100 million -- which makes it the third
most expensive home for sale in the country, listing agent Shari Chase
said -- since 2006.
Chase, founder and CEO of Chase International, said the property is in a league of its own. And so is the process of selling it.
Tahoe home prices begin to level off
LAKE TAHOE, Nev. (July 8, 2010) – Home prices in Lake Tahoe are beginning to level off and the high-end market is looking lively, according to a mid-year analysis by Chase International.
The average home price was up two percent ($899,515) while the median dropped only one percent ($530,681). The slight changes mark the first time the Lake Tahoe real estate market hasn’t experienced a significant drop in home prices since the end of 2007. The report compares sales and figures from January 1 through June 30, 2009 to the first two quarters of 2010.
Click here to download the full press release article
Lake Tahoe Mid-Year Statistics January 1 - June 30, 2010 VS 2009
We have the Lake Tahoe Mid-Year Statistics for January 1st to june 30th comparing 2010 to 2009.
"Views and Luxury" - January, 2010
A flyer with 9 current Incline Village real estate listings. Includes the following listings: 593 Lakeshore, 453 Lakeshore, StoneGate, 15 Lakeshore Terrace, 1169 Lakeshore, 250 Northlake, "245 Estates", 822 Ellen and 966 Caddie. Printable .pdf format.
Click to download now.