Greetings Fellow Life Travelers:

Truckee Follies week!  Attended opening night on Wednesday for this once-every-two-years production of raw, local talent taking potshots at the Town, certain people, businesses, life and whatever else can be made fun of.  Participation with an ad in the Program remains a surprise until first viewing.  You can pick ‘totally safe” (boring), PG or “let it all hang out”, and you have no idea what it’s going to be. I take PG as no way is boring in my world, and “all hang out” is too much for this ‘properly-raised’ San Francisco girl.  This is an ‘adults-only’ production with intent to offend everyone in some way if possible…and it does. There have been threatened lawsuits over the years, but none materialized.  The skits were great…writers were ‘on it’!   So, let’s see what was ‘on it’ this week in real estate.

Residential Real Estate – week  

• Tahoe Sierra MLS – North/West Shores & Truckee.  New Listings – 28; Escrows – 15; Solds = 10
• Incline Village/Crystal Bay MLS.  New Listings – 7; Escrows – 5; Solds – 5
• East Shore, NV MLS.  New Listings – 4; Escrows – 3; Solds – 1
• Reno/Sparks MLS.  New Listings – 110; Escrows – 155; Solds – 97

Re the TS sales, out of the 10, 6 were under $1M and the other 4 were between $1.1 and $2M.  East Shore had a rerun of a lakefront listing, on the market last year, now just under $20M in Glenbrook. Reno’s escrows ticked up, and their sales figures this week showed 7 between $1.2 and $2.35 Million, with the rest under $1 Million. Regarding listings, there are 560 under $1 Million and 183 over $1 Million.  For Tahoe Sierra MLS, there are 125 residential listing under $1M and 164 over, with the highest price right now at $35M for a legacy lakefront estate on the West Shore.  We’ll be seeing new lakefront properties emerge for sale as we get closer to summer. 

Local/Real Estate/Luxe

• Lake Tahoe’s water level is now the highest in 5 years at 6,228.31’, just surpassing last year. 2019 was the last time the Lake was full at 6,229.1’.  Will it get there this year?  Tahoe Fund
• Reno Phil Summer Concerts.  Music of John Williams in Concert:  June 1:  1PM and 7PM – Pioneer Theater, Reno.  June 2 – Tahoe Blue Events Center, South Lake Tahoe.   Patriotic Pops at the Field:  July 3 – Greater Nevada Field, Reno.   Pops on the River: Nashville to Neon.  July 13 – Glow Plaza Festival Grounds, Reno
• Hottest ten markets, regardless of price – most reflecting good job opportunities:  Manchester, NH; Rochester, NY; San Jose, CA; Worcester, MA; Boston, MA; San Francisco, CA; Springfield, MA; Columbus, OH; Milwaukee, WI; Seattle, WA.  This is reflective of days on market.
• Homewood Resort – Update. Buildout should be complete in 8 years, with a 5-year forecast including the Village core, a gondola, 2 gondola terminals, some housing, parking, commercial, retail and a proposed ice-skating rink.  Contrary to earlier predictions that Homewood would become private, “There’s no plan to intention to privatize Homewood. This project is for residents and visitors alike,” Per Ed Divita, Discovery Land Company partner. Report from recent community meeting.
• New Restaurant!  Wolf by Vanderpump has opened with lots of hoopla at Harvey’s, Stateline, next to Hell’s Kitchen.   In partnership with Caesar’s Entertainment, Wolf is bold, playful and luxurious and features the longest bar in Lake Tahoe.
• Intriguing island for sale:  Black’s Island, off the Florida Panhandle, is 7 acres with 3,700 feet of shoreline.  Named for one of the wealthiest pirates, 18^th century’s Black Sam Bellamy, it is set up as a resort with 26 waterfront bungalows, a clubhouse, cabana and pool.  10 minutes from the mainland, it’s accessible by boat, seaplane or helicopter.  $50 million. (Black Sam went down in 1717 with his ship the Whydah and 4 – 5 tons of treasure off the coast of Massachusetts.  The ship was discovered in 1982 and, so far, some 200,000 objects, including a cannon filled with precious gems and gold, have been recovered.  Many are on exhibit in the Whydah Pirate Museum in West Yarmouth, MA.) 
• Mortgage Rates.  Subject of much discussion especially in the real estate world.  See the chart below showing where we stand today.  Those 2 % – 3% rates are now a vision of imagination, as it’s doubtful we’ll see anything close anytime soon.  I remember 18% when we launched Stillwater Cove in 1980!  We need to get used to the current rates as it doesn’t look like we’ll be seeing any reductions – as earlier expected – in the near term. 

Entertainment

• Amazing Mandolin Orchestra:  J.S. Bach – concert in A Minor  https://tinyurl.com/yvv2r7xa
• O Sole Mio.  The Three Tenors: https://www.youtube.com/watch?v=ERD4CbBDNI0

TidBits

• Acupuncture is a jab well done.
• Behind every husband who thinks he wears the pants is a wife who told him which pants to wear.
• Don’t be mad at lazy people.  They didn’t do anything.
• Teacher:  Give me a sentence using the words defense, defeat and detail.  Student:  When a horse jumps over defense, defeat goes before detail.
• Wife: “There is a problem with the tractor.  It has water in the carburetor.”  Husband: “Water in the carburetor?  That’s ridiculous.”  Wife: “I’m telling you the tractor has water in the carburetor.”  Husband: “You don’t even know where the carburetor is.  Where’s the tractor?”  Wife.  “In the pool”.
• Too many people spend money they haven’t earned, to buy things they don’t want, to impress people they don’t like.
• It only takes one slow-walking person in the grocery store to destroy the illusion that I’m a nice person. 
• I just read a book about marriage that says ‘treat your wife like you treated her on your first date’.  So, tonight after dinner I’m dropping her off at her parent’s house.
• Don’t plan it all.  Let life surprise you a little.
• There was an Old Man with a beard/ Who said, “It is just as I feared! / Two Owls and a Hen/ four Larks and a Wren/ Have all built their nests in my beard.  Edward Lear
• With confidence, you have won before you have started.  Marcus Garvey
• You are your possibilities. If you know that, you can do anything. Oprah Winfrey
• Anyone can do any amount of work, provided it isn’t the work he is supposed to be doing at that moment.  Robert Benchley
• There’s a world out there.  Open a window and it’s there.  Robin Williams
• Dusting is a good example of the futility of trying to put things right.  A soon as you dust, the fact of your next dusting has already been established.  George Carlin
• I just burned 1200 calories. I forgot the pizza in the oven. (For me, it’s hard-boiled eggs on the stove.  That’s a lot of fun.)

Daffodils are bursting with clumps of color all over Town, hopefully not killed off by the rain and crazy bits of snow we had on Friday.  We’re working on getting spring going full blast and plans for a great summer ahead.  Have a great week and see you next time!

Best wishes, 

Trinkie