Preload Spinner

Tahoe Update

BACK
February 9, 2025

Tahoe Update

Share

Greetings Fellow Life Travelers:

Ok, then, it’s February.  Does anyone think life is just lumping along?  It’s like – Whew! Where did that go?  The good news is we’re still here despite the rapid spinning of the planet or whatever makes us feel the speed.  So now we must talk about the crazy weather…rain/snow…and the fact that the resorts have received a nice dump to keep us going.  After this little blast, we may see some quiet until end of next week.  Just like our world today, uncertainty prevails.  Real estate also has its uncertainty, but those of us in the biz, along with the pundits, predict it will be a good year.  What did this last week look like?

Residential Real Estate – week 2/1 – 2/7 

  • Tahoe Sierra MLS – North/West Shores & Truckee.  New Listings – 16; Escrows – 15; Solds – 17
  • Incline Village/Crystal Bay MLS.  New Listings – 5; Escrows – 7; Solds – 4
  • East Shore, NV MLS.  New Listings – 2; Escrows – 0; Solds – 1
  • Reno/Sparks MLS.  New Listings – 116; Escrows – 146; Sols – 58

Nothing too exciting this week, but Northstar had a $7.5 Million sale in the Glades (sold for ask), and Montreux had a new escrow listed at $4.5 Million.

Local/Real Estate/Luxe

  • Insurance continues to be a top topic for real estate.  With so many challenges to obtain it, some are opting to ‘self insure’, i.e., have no insurance or modify the plan they can get.  Great hazard should the property be destroyed as not many have the wherewithal to rebuild.  Conundrum for sure.
  • Lake Tahoe’s market in 2024 reflected a balanced market and a definite increase in high-end sales over 2023.  Predictions for 2025 indicate an even stronger showing assuming the economy, inflation and interest rates hold steady or improve.
  • Secret Wealthy Enclave – Smoke Tree Ranch – had a feature in the WSJ this week.  Located in Palm Springs, this understated gated community has about 100 modest one-story homes on 400 acres, a clubhouse, stables and small hotel (that I stayed in for a wedding many moons ago).  Dirt roads and no lawns or non-native plantings prevail, and it was only recently that private swimming pools were allowed.  Homes trade privately and stay in families for years. 
  • Full moon Valentines’ Day guided snowshoe tour – Sugar Pine Point State Park. https://sierrastateparks.org/events
  • Fun Fact:  Lake Tahoe’s water level rose by over a quarter of a foot since last week.  Sounds small, right?  Well, it took over 12 BILLION gallons of water to make it happen.  Tahoe Fund
  • Cal Neva.  Although infrastructure revitalization has been going on quietly, the project is set to begin major construction this summer, with the 2026 opening still on schedule for its 100th anniversary! 
  • 3D Tech. Broke a crown and was amazed to discover no more of those awful impressions…now done with a camera.  The most fun part was watching the temporary being created on the 3D machine.
  • HENRYs – New term for real estate buyers:  High earner, not yet rich.

Entertainment

TidBits

  • I said “Somebody should do something about that.” Then I realized I am somebody. Lily Tomlin.
  • Live your life so that if your story were turned into a book, Florida would ban it.  Mother of Heathens
  • Koan 1:  Whatever confronts you, don’t believe it./When something appears shine your light on it./Have confidence in the light that is always working inside you.  Linji Yixuan
  • Koan 2:  Two monks were watching a flag flapping in the wind.  One said to the other, “The flag is moving.”  The other one replied, “the wind is moving.”  Huineng overheard this.  He said, “Not the flag, not the wind; mind is moving.”  Wumen Huikai
  • If my kids knew there is a light in the oven, they’d leave that one on too.
  • I’m on two diets now.  I wasn’t getting nearly enough food on just one.
  • I don’t always go the extra mile, but when I do it’s because I missed my exit.  (How about the turnoff to Tahoe when you get to Sacramento…and you’re on the phone?)
  • My mind is like my internet browser.  19 tabs open, 3 of them are frozen and I have no idea where the music is coming from.
  • It’s true that dogs are loyal, but we cats don’t tell the police where you hide your drugs.
  • Open to whatever you experience without fighting.  Let it be present just as it is.  Let go of the battle.  Jack Kornfield
  • I went line dancing last night.  Well, it was a roadside sobriety test.
  • When someone tells me ‘No’, it doesn’t mean I can’t do it.  It simply means I can’t do it with them. Karen E. Quinones Miller
  • One of the most sincere forms of respect is actually listening to what another has to say. Bryant H. McGill
  • It seemed to me that the desire to get married – which, I regret to say, I believe is fundamental and primal in women – is followed almost immediately by an equally fundamental and primal urge, which is to be single again.  Nora Ephron
  • Curiosity is the wick in the candle of learning.  William Arthur Ward
  • What you do makes a difference, and you have to decide what kind of difference you want to make.  Jane Goodall
  • When Aphrodite lies around naked in a clamshell, she is a goddess.  But when I do it, I’m drunk and no longer allowed at the aquarium.  Mother of Heathens
  • The purpose of life is a life of purpose. 
  • You are never too old to set another goal or to dream a new dream.  C.S. Lewis

So now it’s Super Bowl and we can look forward to the ad nauseum discussions about the intermission entertainment – who liked it, who didn’t, and why.  And, of course, the commercials.  For me, it’s usually the Clydesdales that have the best.  Then it’s Valentine’s Day next Friday!  Looks like it may snow, so cuddle up by the fire with your partner, good friend, or a book!   Have a great week and see you next time!

Best wishes, 

Trinkie