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Tahoe Update

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July 23, 2023

Tahoe Update

Greetings Fellow Life Travelers:

Had a few days in Nashville for a small real estate conference with, of course, a visit to the Country Music Hall of Fame and a sight-seeing tour of the city’s famous spots.  Hot and humid – not my kind of climate – but the meetings were great along with a good re-connect and meeting with old and new colleagues.  It was held at the Graduate Hotel, a chain only in university towns, this one with a Dolly Parton theme and the most eclectic décor I’ve ever seen.  The White Limozeen rooftop bar with outdoor pool was a mob scene!  Nashville is the Bachelorette Capital of the world, and viewings of young women of all sizes in very short skirts and shorts with boots and hats – mostly in pink – did not disappoint.  Food was outstanding at one of the best restaurants in town.  Building there is in full force with something like 17 high rises currently under construction and a very ambitious arena about to be constructed to replace the existing one.  Just happened to have lunch at Justin Aldean’s restaurant…timely with all the publicity he’s getting with his controversial new country song – “Try That in a Small Town.”  So, let’s see what transpired in our small-town area this week.

  • Residential Real Estate – week 7/15 – 7/21
  • Tahoe Sierra MLS – North/West Shores & Truckee.  New Listings – 53; Escrows – 31; Solds – 13
  • Incline Village/Crystal Bay MLS.  New Listings – 12; Escrows – 16; Solds – 9
  • East Shore, NV MLS.  New Listings – 3; Escrows – 6; Solds – 3
  • Reno/Sparks MLS.  New Listings – 134; Escrows – 147; Solds – 123

Lots more activity in most MLSs. A lakefront in Dollar Point that came on at $12.9 went to escrow in 2 days; Highest sale for the Tahoe Sierra MLS was $13M in Martis Camp.  Incline/Crystal Bay activity really perked up with new listings and escrows, 12 of the 16 escrows were homes.  Highest condo sale was $5.5 in Stillwater Cove, a 4 BR, 5BA updated unit.  East shore had a nice Chase lakefront sale at $9.8M. And, South Reno had a new $12M listing – a 17-acre compound.  

  • Local/Real Estate/Luxe
  • Hot mid-west markets for upper end luxury homes:  Cincinnati, Milwaukee and St. Louis.  Limited supply of updated/new move-in homes.
  • Dubai leads the world in luxury home price growth. Miami is the only U.S. city that experienced luxury home price growth in the first half of this year, with a 1.1% increase.
  • Tour Barbie’s Dream House Portfolio – Mexico to Boston: https://www.youtube.com/watch?v=rbVqQzDNkNA
  • Wildlife cameras to capture activity on your property:  Birddock – $159; GardenPro Wi-Fi Trail Camera E8 – $148; Google Nest Cam Indoor/Outdoor Wireless – $110; Vosker V300 (solar with own 4G-LTE cellular connectivity) – $349.
  • SNOW Museum progress.  Placer County has released the draft environmental impact report.  This Museum and Community Cultural Center will celebrate the 1960 Winter Olympics and history of winter sports in the Sierra Nevada. To be located at the entrance to Palisades Tahoe. 
  • Big Bluegrass Benefit Concert to benefit Tahoe’s State Parks!  August 4 from 5PM – 8PM – Sugar Pine Point State Park.  Tickets and info:  https://tinyurl.com/5z2pm34y
  • Entertainment
  • Smartest man who ever lived.  (see below)
  • TidBits
  • Little Larry attended a horse auction with his father.  He watched as his father moved from horse to horse, running his hands up and down the horse’s legs and rump and chest.  After a few minutes, Larry asked, “Dad, why are you doing that?”  His father replied, “Because when I’m buying horses, I have to make sure that they are healthy and in good shape.”  Larry, looking worried, said, “Dad, I think the UPS guy wants to buy Mom.”
  • My stomach is flat.  The ‘L’ is silent.
  • 70% of people are stupid. I’m obviously with the other 40% 
  • Be careful when you follow the masses.  Often the ‘M’ is silent.
  • Don’t you think if I was wrong, I’d know it? 
  • Don’t blame others for the road you’re on.  That is your own asphalt.
  • The greatest danger in communication is the illusion it has been achieved.  George Bernard Shaw
  • One advantage of talking to yourself is that you know at least somebody’s listening. Franklin P. Jones
  • I won’t insult your intelligence by suggesting that you really believe what you just said.  William F. Buckley, Jr. 
  • The word aerobics comes from two Greek words: aero, meaning ‘ability to’, and bics, meaning ‘withstand tremendous boredom.”  Dave Barry
  • A professor is someone who talks in someone else’s sleep.  W.H. Auden
  • Opera is when a guy gets stabbed in the back and, instead of bleeding, he sings. Robert Benchley
  • Foresight is knowing when to shut your mouth before someone suggests it.  

On that note, I’ll sign off for this week!  Hopefully temps will drop a bit as it’s been hot for Tahoe…we’re not used to the 90s.  See you next time! 

Best wishes,