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Tahoe Update


Tahoe Update

Greetings Fellow Life Travelers:

After last week’s report on the awful trash situation after the July 4th celebrations, a friend sent me a photo from the ‘60s showing one of our Tahoe beaches loaded with cans – not too much trash – just a sea of cans in front with families picnicking along the shore and a skier skimming along the water on two skis. I remember being at a weekend house party at Cascade Properties on Tahoe, trying to get up on the darned things and finally! – after a patient driver made it happen.  Was embarrassing as my younger sister popped right up the first try. Now I’m a pro on one!  (That could be challenged as haven’t had a chance to prove it in numerous years.)   So, let’s take a look at what popped up in the real estate world this week.  My stats may be a bit short as heading to a conference late Friday; I usually tap the stats on Saturday morning for the week.  However, it will be close.  

  • Residential Real Estate – week 7/8 – 7/14
  • Tahoe Sierra MLS – North/West Shores & Truckee.  New Listings – 32; Escrows – 17; Solds – 20
  • Incline Village/Crystal Bay MLS.  New Listings – 9; Escrows – 5; Solds – 3
  • East Shore, NV MLS.  New Listings – 8; Escrows – 6; Solds – 2
  • Reno/Sparks MLS.  New Listings – 130; Escrows – 134; Solds – 88

Listings are increasing, and more activity in escrows.  One new lakefront for Tahoe Sierra – a single family residence in Brockway Springs – listed at $7.75M. Out of the 20 Solds, 11 were under $1M. Incline had an off-market sale at $11.5M, a Crystal Tower listing at $5.2M, and Chase’s 5.6-acre lakefront land in Crystal Bay, listed at $21M, went to escrow.  The East Shore had two new lakefront listings – the old Harrah property in Skyland at $19.5M, and a Chase listing in Glenbrook for $25M. A Chase listing in Glenbrook listed at $7.5M sold for $6.95M also represented by Chase. For Reno, a property in Paradise Valley listed at $5.98M went to escrow, and all but 2 of the 88 Solds were under $1M. 

Special Event:  Tahoe Forest Hospital Foundation’s Summer Party.  Please join me at Shaffer’s Mill on Tuesday, July 25, for a fun evening to meet some of our wonderful docs, our CEO, Harry Weiss, Board members and hospital friends.  This is a ‘no ask, friend-raising event’ as both a ‘thank you’ to donors as well an update on the fabulous hospital services available to the community.  Recognized as the 2nd largest critical care rural hospital in the U.S., Tahoe Forest offers a myriad of specialty docs along with a Cancer Center that has also received incredible recognition as the best treatment center in the U.S. Official announcement of this will be at our event.  See our invitation below, and let me know that you can join us!  

  • Local/Real Estate/Luxe
  • Summer Road Construction.  Count on the fact that you will encounter road construction just about everywhere in the Tahoe area.  Trying to find a schedule isn’t easy, and it’s not consistent. One day 35 min to go ½ mile in Crystal Bay, the next day – no hold-up at all.  So…relax and enjoy the scenery!
  • San Francisco closures continue. Now Anchor Steam Beer Brewery, founded in 1896, will close in about 60 days.  Growing craft brewing industry has posed a challenge to some of the old stalwarts, along with other trying-to-do-business-today challenges. 
  • Classical Tahoe Orchestra kicks off on July 21 with weekend concerts through August 6 in Incline Village.
  • State of the Lake presentations by UC Davis Tahoe Environmental Research Center.  Held at Granlibakken, Tahoe City, dates are July 20, August 10, August 31.  Live and Zoom.
  • Heritage Estate.  I thought my listing with 60+ years of ownership was pretty amazing, but this Irish Estate is selling for the first time since the 17th Century – around 1654.  751 acres with 17,000 sq. ft. manor, about an hour from both Cork and Limerick.
  • ‘Forever homes” instead of Starters.  Millennials and Gen Zers are focused on longevity.  Mansion Global
  • Concourse d’Elegance is coming up!  Beautiful boats to visit on Friday and Saturday, August 11 & 12.
  • Entertainment
  • Surfing Seal.  (Since seeing this, also saw article about a sea lion attacking surfboard and kayaks, so maybe this isn’t a good thing!)
  • TidBits
  • For pet lovers:  If I die while I have a pet, let my animal see my dead body. Let them see my dead body please. They understand death and seeing me dead will allow them to mourn, but if I just never show up one day, they’ll think I abandoned them.  (Makes sense to me, along with the admonition to be with your pet when it goes to the other shore.)
  • Larry’s kindergarten class was on a field trip to the local police station where they saw pictures tacked to a board of the 10 most-wanted criminals.  One child pointed to a picture and asked if it really was the photo of a wanted person.  “Yes,’ said the policeman.  ‘The detectives want very badly to capture him”.  Larry asked, “Why didn’t you keep him when you took his picture?”
  • If I said, “I’ll fix it, I will. There’s no need to keep reminding me every six months.”
  • I have selective hearing, and I’m sorry but you weren’t selected.
  • I told my wife she should embrace her mistakes.  She hugged me.
  • Curious enough to take it apart.  Skilled enough to put it back together.  Clever enough to hide the extra parts when done.
  • I bet Aliens ride past Earth and lock their doors.
  • Why are there toilet paper commercials?  Who isn’t buying toilet paper?
  • Why couldn’t the leopard play hide and seek?  Because he was spotted.
  • It’s never too late to start exercising.  That’s why I’m waiting until later.
  • If money doesn’t grow on trees, why do banks have branches?

Off to Nashville and a small conference of both residential and commercial brokers.  First time for me at this venue that will include music, of course, and a visit to the Country Music Hall of Fame.  Have a good week, and see you next time!

Best wishes,