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Tahoe Update

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Tahoe Update

Greetings Fellow Life Travelers:

End of Summer party at Russell and Gillian Poulsen’s in Squaw (Palisades) last Saturday was great fun with festive food truck, drinks and music!  So nice that it was at the original Poulsen family home, also once Christy Hill, then Graham’s restaurants.  The bar was jammed with fun conversations with friends not seen in ages, and weather was perfect for a balmy evening. On Sunday I  had  late breakfast at Jax’s Diner in Truckee, first time there in years, and was I impressed!  Menu is extensive and good for any meal of the day.  Kinda quiet week after that, a bit somber for me as I learned that my friend, Denise Roberge, fabulous, colorful, politically controversial jeweler and philanthropist in Palm Desert, went to the other shore.  So now it’s back to business and what took place in real estate.

Residential Real Estate – week 8/30 – 9/5 

  • Tahoe Sierra MLS – North/West Shores & Truckee.  New Listings – 39; Escrows – 32; Solds – 20
  • Incline Village/Crystal Bay MLS.  New Listings – 9; Escrows – 7; Solds – 8
  • East Shore, NV MLS.  New Listings – 1; Escrows – 4; Solds – 4
  • Reno/Sparks MLS.  New Listings – 108; Escrows – 112; Solds – 80

Two lakefronts went to escrow, one on north shore originally listed at $5.1 million and last listed at $3.495 million, and the other in Dollar Point originally listed at $11.495 million and last listed at $10.795 million.  Incline had a nice view home sell at $9 million.  Reno had a 4.69-acre estate come on at $7.995 million, a bit south of town.  

Right now, the Lakefront count for North and West Shores is 13 Active, 6 in escrow and 11 Sold so far this year.  Incline/Crystal Bay has 5 Active (4 in Crystal Bay) and 2 sold, one in Incline, one in Crystal Bay.   East Shore has 4 active (including Shakespeare Ranch with 4 parcels) and 1 closed this year.  South Lake Tahoe has 2 listed, one at Fallen Leaf Lake, and 1 sold so far this year.  

Local/Real Estate/Luxe

  • Fashion world lost George Armani this week at age 91. With his beautiful work, he revolutionized suit wear for both men and women. I remember fondly the two I had for a few years.  Those were the days of dressing up.  He dressed numerous stars on screen including DiCaprio in The Wolf of Wall Street. 
  • Moccasin, CA – 63 residents in this town owned by San Francisco!   This Sierra Nevada foothill community works for the San Francisco Public Utilities Commission to operate the Hetch Hetchy Water and Power System that fuels power to keep City Hall, the SF International Airport, Muni and other city lights running.  
  • Job conundrum.  Employees are not leaving jobs, even when they aren’t happy, concerned about finding another.  This holds up opportunities for others who want to move up or engage with the company,  From Job Hopping to Job Hugging.  WSJ
  • Amazing tenacity.  New York City’s free Shakespeare in the Park requires at least a 16-hour wait to get tickets. People are lining up as early as 2 and 3 AM for tickets that become available at noon.  Arriving at 5AM?   Forget it!  WSJ 
  • 4 millionth Wet Woody.  After all the hype searching for the winner, Garwoods just disclosed that it was identified earlier this year and at Garwoods – one of three in the Tahoe Restaurant Collection.  Winner gets a 4-night stay in Las Vegas and tickets to Zac Brown at the Sphere in December. 
  • Mortgage rates are dropping!  This subject is volatile, but we’ll take what we can!  Expectation is that Feds will drop their rate this month too.  Now is a good time to jump in if interested in buying! Remember – historically prices continue to go up, even with blips on the way. 
  • 10 richest suburbs by mean household income out of 50 in California are in the Bay Area, with Los Altos topping them all.

Entertainment

TidBits

  • My contention is that creativity is as important in education as literacy, and we should treat it with the same status.  Sir Ken Robinson
  • Creativity is intelligence having fun.  Albert Einstein
  • I may not have gone where I intended to go, but I think I have ended up where I was intended to be.  Douglas Adams
  • If you cannot get rid of the family skeleton, you may as well make it dance.  Geroge Bernard Shaw
  • What happens is not as important as how you react to what happens.  Ellen Glasgow
  • I just invent, then wait until man comes around to needing what I’ve invented.  R. Buckminster Fuller
  • If voting changed anything, they’d make it illegal.  Emma Goldman
  • Leap, and the net will appear.  John Burroughs
  • I am fond of pigs.  Dogs look up to us.  Cats look down on us.  Pigs treat us as equals.  Winston Churchill
  • A government that robs Peter to pay Paul can always depend on the support of Paul.  George Bernard Shaw
  • He was a bold man that first ate an oyster. Jonathan Swift
  • Those are my principles, and if you don’t like them  – well, I have others.  Groucho Marx
  • Your fervent misguided sense of entitlement is astonishing.
  • I don’t understand your specific kind of crazy, but I do admire your total commitment to it. 
  • The question isn’t who is going to let me; it’s who is going to stop me.
  • My father used to say, “Don’t raise your voice.  Improve your argument.”
  • Police:  “This is the police!  Open your door now”.  Me:  “Not with that attitude”.
  • I live for two reasons.  1) I was born.  2) I haven’t died yet.
  • The difference between a snowman and a snowwoman is snowballs.
  • President Lincoln was approached by a woman after a political speech.  “If you were my husband, I would poison your tea”.  Lincoln replied, “If you are my wife, I’ll gladly drink it”.
  • Halloween is the beginning of the holiday shopping season.  That’s for women.  The beginning of the holiday shopping season for men is Christmas Eve.  David Letterman
  • I love airports because the rules of society don’t apply.  Eat a pizza and have a glass of wine at 7am while in track pants.  Nobody cares.
  • Insomnia sharpens your math skills because you spend all night calculating how much sleep you’ll get if you’re able to ‘fall asleep right now’. 

Here’s to sound sleeping and enjoyable late summer days. Looks like we’ll be a lot cooler this coming week.  Fall is approaching!  

Best wishes, 

Trinkie