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Tahoe Update


Tahoe Update

Greetings Fellow Life Travelers:

Driving through the Martis Valley right now is a treat as everything is green!  The meadows are lush – I’m sure partly a result of all the restoration work the Truckee River Watershed Council did recently.  Water turned on for the garden, so now to wait for the explosion of color!  A little warmer this weekend, but cooler again next week with maybe more thunderstorms.  Will winter ever quit?  Fortunately, doesn’t look like residential real estate activity is quitting anytime soon, so let’s see what took place this last week.

  • Residential Real Estate – week 5/27 – 6/2
  • Tahoe Sierra MLS – North/West Shores & Truckee.  New Listings – 27; Escrows – 21; Solds – 17
  • Incline Village/Crystal Bay MLS.  New Listings – 6; Escrows – 6; Solds – 4
  • East Shore, NV MLS.  New Listings – 8; Escrows – 2; Solds – 3
  • Reno/Sparks MLS.  New Listings – 119; Escrows 139; Solds – 93

For Tahoe Sierra MLS, 11 of the solds went to escrow in less than 10 days on the market. The highest sale this week was a Palisades ‘estate’ parcel, new 4,677 sq.ft. new build at $5.049M.  In Incline Village, a 6000+ sq.ft. new construction hillside home with peak lake view sold for $9.2M.  A Stillwater Cove unit listed at $5.5M went to escrow.  A resale Beach Club unit at Stateline listed at just under $5M. And, lastly, a beautiful 25-acre estate on the Truckee River in Verdi, NV came on the market with Chase International at $12M.

  • Local/Real Estate/Luxe
  • Fun article about King Charles’ acumen for real estate/restoration and preservation.  See attached
  • Lavish cabin in NY’s Hudson Valley with garages for 35 cars!  Seems at bargain at $15M.
  • Tahoe Fund – Fun Fact and challenge!  Lake Tahoe’s water level is currently at 6,227.21’, less than two feet from the legal limit! Do you think Tahoe will reach the max of 6,229.1’? If so, when? Reply to this email with your best guess!
  • Truckee Thursdays:  Will start June 22 and run through August 10.  5 – 8:30PM
  • Spectacular Rolls!  – if you wanna be seen!
  • For dog owners – warning about gel caps Benadryl:  contain Xylitol – can be deadly for dogs.  
  • New seafood market!  Buoy & Trap – 10825 Pioneer Trail, #100, Truckee –
  • New York and Los Angeles housing heated up in May, Miami’s cooled. Mansion Global
  • Although prices ticked up in May across the US, price growth has slowed to its lowest level in 7 years.  “Weakening home price growth for the past 12 months is increasing the odds that may not see a hew home price peak this year, for the first time in the history of our listing data, which dates back to mid-2016, and this is likely welcome news to home shoppers.”   (With the current activity in the Tahoe Region, it appears that pent-up demand will hold pricing.  Tahoe Sierra’s report this week was average 100% sell to list.)
  • “Quiet Luxury” is the new interior trend for 2023.  Emphasizing understated elegance, timeless appearance, and high-quality materials to create serene, calming spaces for sophistication without ostentation.  Homes & Gardens
  • Chase International’s 27th Luxury Estates Tour – Wednesday, June 21st.  Virtual and in-person for homes at Lake Tahoe and the region.  Register for exclusive virtual access and maps for those open to preview.
  • TidBits
  • There is no App to replace your lap.  Read to your child.
  • “Here’s to books, the cheapest vacation you can buy.” Charlaine Harris
  • If you don’t like musical puns, you have my symphony.
  • ‘Tis better to be silent and be thought a fool than to speak and remove all doubt.  Abraham Lincoln
  • “My legacy is that I stayed on course – from the beginning to the end, because I believed in something inside of me.”  Tina Turner
  • Why did the tomato turn red?  I saw the salad dressing.
  • Apparently, you can’t use ‘beef stew’ as a password.  It’s not stroganoff.
  • Lows being highs, lessons bring blessings, and setbacks bring comebacks.
  • Beauty Parlor.  A place where women curl up and dye.
  • Chickens.  The only animal you eat before they are born and after they are dead.
  • Egotist.  Someone who is usually me-deep in conversation.
  • Inflation.  Cutting money in half without damaging the paper.
  • I can never take my dog to the park because the ducks keep trying to bite him.  That’s what I get for buying a pure bread dog.
  • When I see ads on TV with smiling, happy housewives using a new cleaning product, the only thing I want to buy is the medication they’re on. 

Well, I’ll take my medication as the beautiful sun and clear mountain air!  Have a beautiful week and see you next time!

Best wishes,