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Tahoe Update

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November 26, 2023

Tahoe Update

Greetings Fellow Life Travelers:

As we loosen our belts at Tahoe after Thanksgiving festivities, we still do not see any prediction for major snow – so far, just a suggestion for something maybe mid-week.  Open Snow is still talking about activity the first week of December, but jury still out.  Temps are cold, so snowmaking is ongoing.  Gorgeous drive to and from Marin, with trees still showing colors at the lower elevation.  Now it’s time to really get into Christmas…today I saw several cars with trees on the roof heading for living rooms.  As I was leaving my friend’s home, she was starting to dismantle the Thanksgiving décor to make room for their tree, nutcrackers and boughs of holly.  Now the parties begin, starting next weekend as the calendar turns to December 1.  Chase International’s annual party will be at the new-about-to-open Margaritaville Resort at South Lake Tahoe – Margaritas and Mistletoe!   I think we’re getting a pre-opening preview of what should become the new hot-spot.  So, let’s see what was hot in our markets this last week.  

Residential Real Estate – week  

  • Tahoe Sierra MLS – North/West Shores & Truckee.  New Listings – 19; Escrows – 11; Solds – 11
  • Incline Village/Crystal Bay MLS.  New Listings – 3; Escrows – 8; Solds – 4
  • East Shore, NV MLS.  New Listings – 4; Escrows – 4; Solds – 1
  • Reno/Sparks MLS.  New Listings – 37; Escrows – 82; Solds – 42

Holiday week meant much less activity, especially in the Reno market.  Incline/CB had a number of escrows and a nice sale on Lakeshore Drive at $7.2M, down from list at $9M.  Martis Camp had a $9.55M sale, down from original list of $10.995M.  

Local/Real Estate/Luxe

  • New hot places, alternatives to Las Vegas’ rising prices for luxury and views:  Scottsdale, AZ; Cabo San Lucas, MX; Moab, UT; Palm Springs, CA; Sedona, AZ.  Prices are rising in these areas too, but not yet at the level of Las Vegas.  Aspen, CO remains the top luxury ski destination with prices up 41% from pre-pandemic/2019.
  • In contrast, here are 10 affordable cities where you can still find a house with yard for $300,000 or less:  Toledo, OH; Scranton, PA; Rochester, NY; Detroit, MI; St. Louis, MO; McAllen, TX; Birmingham, AL; Little Rock, AK; Wichita, KS; Baton Rouge, LA.  Doesn’t look like western U.S. made the cut. 
  • Longevity.  You know I love my RClass MB – 2012, last year made – with 205,000 miles.  Will this be in my future?? https://www.youtube.com/watch?v=KG4I-0kOMIE
  • Interest rates have dropped a bit, giving way to an increase in loan applications.  With home prices continuing to rise, buying today should be a hedge on where that same home will be in 3 to 5 years. 
  • Fun Find!  Waterman’s Landing, next to Sierra Boat Co. in Carnelian Bay.  Focus is on paddle water sports but they have a cool mostly-organic café for breakfast and lunch – 8AM to 3PM for winter hours.  Had a good Caesar sandwich wrap with turkey and cheese; other tempting menu items. Nice coffee spot too with breakfast burritos and home-made pasteries! 
  • Shadyside Lounge – almost next to Sunnyside Resort – is now open!  Features modern Mexican classics fare and signature drinks, including the Shady Lady martini with pickle juice twist (not so sure about that). www.Tahoeshadyside.com

Entertainment

TidBits

  • Sure, I posed that way. I needed the money. And it’s not quite true I had nothing on: the radio was on.  Marilyn Monroe
  • Rice is great if you’re really hungry and want to eat 2,000 of something.  Mitch Hedberg 
  • If you think your boss is stupid, remember: you wouldn’t have a job if he was any smarter.  John Gotti 
  • Airlines trust I can operate an emergency door and usher hundreds of passengers to safety but think I need step by step instructions on buckling a seatbelt.
  • What I don’t like about office Christmas parties is looking for a job the next day.  Phyllis Diller 
  • Shampoo:  If it says – ‘extra body and volume’ – you may not want to use it in the shower.
  • The road of life is paved with flat squirrels who couldn’t make a decision. 
  • Yesterday I was clever, so I wanted to change the world.  Today I am wise, so I am changing myself. Rumi
  • Some cause happiness wherever they go; others whenever they go.
  • Most people, including me, are holding on to at least one thing that’s way past its expiration date.  Rick Hanson
  • He that lies down with dogs shall rise up with fleas. Benjamin Franklin
  • Simplicity is the ultimate sophistication.
  • Opportunity is missed by most people because it is dressed in overalls and looks like work.  Thomas Edison
  • Yesterday’s aches, pains and problems are not a burden here and now unless you brought them with you. Lao Tzu
  • No snowflake ever falls in the wrong place.  Zen teaching
  • One loyal friend is worth ten thousand relatives.  Euripides
  • The moon is not disturbed by the barking of dogs.  Dogen  (Shall I have Dancer tell the neighbors?)
  • The main reason Santa is so jolly is because he knows where all the bad girls live.  George Carlin
  • I’m dreaming of a white Christmas.  But if the white runs out, I’ll drink the red. 

So, here’s to a nice quiet week before all the festivities gain traction in full force!  See you next time!

Best wishes, 

Trinkie