Greetings Fellow Life Travelers:
More hot, hot weather then finally a bit of cool-down and breeze….at least for a few days. Those of us without A/C (who even thought of it a few years ago?) complain, but the influx of visitors belies any complaints. Imagine we’ll see A/C added to forced air systems and mini-splits to various rooms. I just bought a portable unit to cool the guest room for the summer. Fires popped up north of Truckee, so many who work in the area and live in Portola were evacuated for a couple of days. My colleague, Cheryl and her family, plus bunny, cat, birds and dog, took their trailer to the local RV park to wait it out. Scary, for sure. On the bright side, attended the annual Tahoe Fund Founders Circle Summer Celebration on the beach in Tahoe Vista. Gorgeous evening with great food, drink and upbeat music! Tahoe Fund has done and is doing amazing things through its fund-raising efforts to improve the Lake Tahoe environment. Hard not to answer the call to re-up level of Stewardship Circle. So now let’s check the level of real estate action this last week.
Residential Real Estate – week 7/20 – 7/26
- Tahoe Sierra MLS – North/West Shores & Truckee. New Listings – 33; Escrows – 24; Solds – 30
- Incline Village/Crystal Bay MLS. New Listings – 12; Escrows – 7; Solds – 5
- East Shore, NV MLS. New Listings – 5; Escrows – 3; Solds – 3
- Reno/Sparks MLS. New Listings – 148; Escrows – 135; Solds – 98
Tahoe Sierra had a West Shore lakefront listed at $18.45 Million go to escrow along with a Split Lakefront of mine listed at $4.2 Million. And, a West Shore lakefront sale listed at $11.9 Million sold for $11.85 Million. On the East Shore, a nice Chase listing at $4.395 Million went to escrow. Crystal Bay had a new off-water listing at $15 Million. The Lakefront count for Actives stayed the same as last week. Will have a 6-month year-to-date recap next week.
Local/Real Estate/Luxe
- The Week has a big article on the challenges of over-tourism in some of the popular places in Europe, something many US resorts, including Tahoe, are facing. Many are becoming vocal about who they want. On the yes list: tourists who spend money in local shops, boost the local economy and behave respectfully. On the no list: boozy tourists – often Brits – who behave badly, disrespect local traditions and negatively affect local lives and lifestyles. Pretty much sums it up, so now how to implement?
- Homes sales rose 74% year-over-year in the Hamptons, second quarter. Median price hit $1.896, a 30% increase. Long Island Business News
- Interesting stats: Some of poorest states have the highest home ownership, even with lower average income. West VA, Delaware. Mississippi, Maine and Wyoming range between 74.5 and 77% (West VA). California has 55.8% ownership and Nevada 61.2%. Realtor.com
- Reno Phil plays Tina Turner on Saturday, Aug 3. J Resort’s Glow Plaza. Tix start at $25. www.renophil.com
- Seen at Raley’s, Truckee: Deep purple Cybertruck. Much more fun than the plain old grey metal.
- Summer vacation rental needed? www.tahoegetaways.com Check out their offerings, at the lake and in the area.
- Housing market in general: Even with increased but limited inventory, prices are showing some softening, depending on the home and location. Interest rates are still up with maybe a drop in the fall. Buyers aren’t rushing to buy in most areas, but markets are not dead. Tahoe region is selling, settling back into a ‘more normal’ situation (whatever that really means). A drop in interest rates should show increased action; we’ll just have to wait and see.
- Book Club. We’re reading Covenant of Water, that I just finished. Discussion will be Aug 5. So far, hearing mixed feelings about it. Powerful and amazing writing, no question. If you’ve read it, what’s your take?
Entertainment
- All that Jazz: Goldie Hawn & Lisa Minelli. https://tinyurl.com/4ewuzzyt
TidBits
- As the Captain of your ship, you get to decide who you bring on the journey. Matthew Ferry
- If my book is open, your mouth should be closed.
- “Don’t think of it as dying,” said Death. “Just think of it as leaving early to avoid the rush.” Terry Pratchett
- Having one child makes you a parent; having two makes you a referee. David Frost
- Why don’t kids understand that their nap is not for them, but for us? Alyson Hannigan
- I feel that we’re all lighthouses, and my job is to shine my light as brightly as I can to the darkness. Jim Carey
- The informality of family life is a blessed condition that allows us all to be our best while looing our worst. Marge Kennedy
- If your actions create a legacy that inspires others to dream more, learn more, do more and become more, then you are an excellent leader. Dolly Parton
- I told my wife I’m going to buy a boat. She said, “Are you sure? I thought the Titanic taught us something.” Paul Lynde
- Response to quiz question: You can lead a horticulture, but you can’t make her think. Dorothy Parker
- Hollywood Squares: Historians say that King Henry the 8th had Ann Bolin beheaded because she couldn’t do one particular thing. A. Convince Henry the 8th he was Henry the 1st. Paul Lynde
- I want my children to have all the things I couldn’t afford. Then I want to move in with them. Phyllis Diller
- If by ‘crunches’ you mean the sound bacon makes when you eat it, then yes, I do crunches.
- I’ve entered the snapdragon part of my life. Part of me has snapped and the other part is draggin’. Maxine
- Kids in the back seat cause accidents, but accidents in the back seat cause kids. LocGlin.com
- Soup with tomatoes and soup with noodles….those are a pair of my favorite foodles. New York Tribune, 1921
- Spring is the time of year when it’s summer in the sun and winter in the shade. Charles Dickens
And summer is summer in the sun and in the shade! Don’t think we’ve ever had so many evenings with no need for a sweater. Have a great week and see you next time!
Best wishes,
Trinkie