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Tahoe Update

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June 13, 2023

Tahoe Update

Greetings Fellow Life Travelers:

Tired of talking about the weather, but it’s so pervasive that it’s hard not to!  I guess weather is always pervasive, but we’re talking thunderstorms, rain, hail, clouds, a peak of sun – and that’s about it.  Dramatic video of a lightning strike down a pine tree in front of one of our Realtor’s home office.  (See below.)  Everything is green, green – wonderful to see.  Had my culture fix this week at the Nevada Museum of Art in Reno – lunch with a friend now living in Portugal.  We saw three great exhibits:  Ghost Army (will be here until end of July), Adeline Kent’s (as in Kentfield) beautiful sculpture and paintings and Ben Aleck’s gorgeous paintings.  He’s a local Native America whose work was shown in the ‘70s at the museum when it had a different name.  I never knew anything about the Ghost Army…it played a significant role in ending WWII. So, let’s see what was significant in this week’s real estate action.

  • Residential Real Estate – week 6/3 – 6/9
  • Tahoe Sierra MLS – North/West Shores & Truckee.  New Listings – 36; Escrows – 18; Solds – 14
  • Incline Village/Crystal Bay MLS.  New Listings – 12; Escrows – 2; Solds – 1
  • East Shore, NV MLS.  New Listings – 4; Escrows – 4; Solds – 0
  • Reno/Sparks MLS.  New Listings – 140; Escrows – 132; Solds – 94

For Tahoe Sierra, a lakefront that was on last year at Rubicon came back on at $21.3M, 2M below asking last year.  A nice Lake Forest property that faces the lake with no obstruction, road and beach in front, came back on with our office at $7.25M – a bit higher than where it was last year. In Crystal Bay, Chase’s beautiful Crystal Pointe came back to market with a huge price reduction and now includes a private pier (under construction).  This impressive estate was originally listed at $75M and now is at a price point that should generate excellent interest and a sale. For Reno, Montreux had a nice $5M sale.  Listing activity is picking up, and I think once we get through graduations, we’ll see a strong uptick in buying.

  • Local/Real Estate/Luxe
  • Thunderbird Lodge’s Preservation Society is constructing a new Lake Tahoe Discovery Center Museum in Incline Village. 18,000 sq. ft. of Lake Tahoe memorabilia – films, furnishings, photographs, mementoes, and any other artifacts.  Set to open in 2024, if you have any treasures in your closets or on your walls, the Discovery Center welcomes your donated items.   www.ThunderbirdTahoe.org
  • I have mentioned Xylitol as extremely toxic to dogs in the past.  It’s now being marketed as “Birch Sugar”, so be on the watch in peanut butter or any other treats you might be giving your dog.
  • Chambers Landing Restaurant is under new ownership – Luca Genasci, founder of AleWorX restaurants at South Lake Tahoe and new owner of The Lake House Restaurant also at South Lake Tahoe.
  • Farmers Markets are scattered around the Basin:  Tahoe City – Thursday morning, Commons Beach; Truckee – Tuesday morning, Regional Park & Truckee Thursdays – downtown at 5PM; Incline Village – Thursday afternoon, Library Parking Lot; South Lake Tahoe – Tuesday morning, 2732 South Lake Tahoe Blvd; Meyers Mountain Market – Wednesdays, 1011 E. San Bernardino Ave; and Ski Run Market every Friday from 3 -8PM, Ski Run Blvd between Larch Ave and halfway to Tamarack Ave.
  • One third of U.S. buyers are paying cash for home purchases, highest share in close to a decade.
  • Transformed Cadillac Escalade-V by Becker Automotive Design:  extended length & height, over-the-top luxurious interior and discreet showroom-stock exterior – $400,000 Robb Report
  • Big Idea:  3-D printing superyachts. Zero waste, ability to create unusual forms.  Already a few @25’ yachts have been built with a 30’ in creation with challenges.  Will take time for major production, and we’ll be seeing this in houses too.  Robb Report
  • TidBits
  • When I was a kid, there were two ways to die – natural causes or talking back to your parents.
  • So, you ever feel like your body’s ‘check engine’ light has been on, and you’re still driving it like “nah, it’ll be fine”?
  • “Always be a first-rate version of yourself instead of a second-rate version of somebody else.”  Judy Garland
  • Can bees fly in the rain?  Not without their yellow jackets! 
  • I’ve started investing in stocks:  beef, vegetable, chicken.  One day I hope to be a bouillianaire.
  • Did you know muffins spelled backwards is what you do when you take them out of the oven?
  • How much does a chimney cost?  Nothing, it’s on the house.
  • I just want to drop my body off at the gym and pick it up when it’s ready.
  • Notes to Self: 1) Stop spending more money to get free shipping.  2) Just because it pops into your head doesn’t mean it should come out of your mouth.  3) You’re never going to remember to do that thing later.  Do it now. 4) Don’t throw the box with directions away until it’s 100% done.
  • Mosquito:  An insect that makes you like flies better.
  • Inflation: Cutting money in half without damaging the paper.
  • Secret:  A story you tell to one person at a time.
  • Tomorrow:  One of the greatest labor-saving devices of today.
  • On our way to church, we asked our grandchild why is it important to be quiet in church.  She said, “because there are people sleeping.”
  • I may not have lost all my marbles yet, but there’s a small hole in the bag somewhere.
  • My dog will eat literally everything until you put a pill in it.  Then he’s Gordon Ransey.
  • Always make sure someone in the relationship has good credit.  That’s why it’s called SIGNIFICANT other. Sign/if//I/can’t.

With that significant note, will sign off for this week, with the hope that the sun will shine and rain, hail and thunder will take a long nap.  Have a great week and see you next time.

Best wishes, 

Trinkie