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Tahoe Update

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Tahoe Update

Greetings Fellow Life Travelers:

Summer come-uppance this week with a blast of Autumn weather and night temps into the 30s with huge winds and chilly days! And a bit of rain.  Sorry weekend for those outdoor weddings, but that’s the Sierra for you.  Put the heat on for the first time since early June.  Definitely a hug-the-bed Saturday morning!  Some new action in the market this week, so let’s take a look.

Residential Real Estate – week 8/17 – 8/23

  • Tahoe Sierra MLS – North/West Shores & Truckee.  New Listings – 38; Escrows – 32; Solds – 21
  • Incline Village/Crystal Bay MLS.  New Listings – 9; Escrows – 10; Solds – 7
  • East Shore, NV MLS.  New Listings – 6; Escrows – 5; Solds – 4
  • Reno/Sparks MLS.  New Listings – 130; Escrows – 127; Solds – 74

Tahoe Sierra had new presentation for the Andrews property in Brockway, combining all 4 lakefront parcels at $38.25M, or 2 of the 4 at $24.75M and the other 2 at $14.5M.  Martis Camp had two properties listed at $12.545M and $11.994M go to escrow.  One small lakefront in Meeks Bay listed at $3,675M went to escrow.  For Incline/Crystal Bay, the lakefront listed at $50M sold for $47.5M, same price it sold for three years ago. And, Stillwater Cove had a 2 BR condo list at $4.713M.  On the East Shore, Chase listed three parts of the Shakespeare Ranch, one at $18M, one at $21M and one at $35M.  A lakefront in Skyland sold for $10.55M.  In the Carson Valley, John Asquaga’s beautiful ranch listed by Chase at $15M sold over-asking at $18M.  

Lakefront report: North and West shores – 22 active, 4 in escrow, 0 sold this week.  Incline – 6 active, 0 escrow, 1 sold this week.  East Shore – 11 Active, 0 in escrow, 0 sold this week.  South Lake Tahoe – 2 active, 3 in escrow, 0 sold this week.

Local/Real Estate/Luxe

  • Hottest zip codes in US this year:  Gahanna, OH, Ballwin, MO, Salem, MA, Basking Ridge, NJ, Rochester, MY, Mount Lauren, NJ, Leominster, MA, Westfield, MA, Highland, IN, Macungie, PA.  Average days on the market – 13 vs 45 days nationwide. Mansion Global
  • Upcoming concert:  Tahoe Music Alive presents The Telegraph Quartet on Saturday, September 7, 7 – 9, North Tahoe Hebrew Congregation Community Center.  www.tahoemusicalive.org
  • Music in the Park, Truckee, will relocate to the Downtown Park as of Sept 4 each Wednesday through Oct.16, 6 – 8 PM.  www.tdrpd.org/musicdowntown
  • Earth suits:  new tech for keeping people cool in the increasingly hot outdoor weather.  IcePlates, that are rotated in freezers, fit into vests cooling those who are working in extreme conditions.  WSJ
  • Rate cuts.  Needless to say, we’re all pretty excited about pending rate cuts that should come about in September.  This, in addition to price reductions we’re seeing, should stimulate escrows and hopefully get the real estate markets moving forward. 

Entertainment

TidBits

  • I don’t feel like spring.  I feel like a hot red autumn.  Marilyn Monroe
  • You will be guaranteed new knees and hops, if you live long enough!  Retired Friend, Airborne
  • Highway sign:  Cats have 9 lives.  You are not a cat.  Buckle Up
  • Sign on Septic Truck:  Straight Flush beats a Full House.
  • I was out on a date recently and the guy took me horseback riding. That was kind of fun, until we ran out of quarters. Susie Loucks. 
  • The future belongs to those who believe in the beauty of their dreams.  Eleanor Roosevelt
  • I’ve been on so many blind dates, I should get a free dog.  Wendy Liebman
  • Vince the Sign Guy:  1) Taking steps to overcome my hiking addiction.  I’m not out of the woods yet.  2) Women’s roofing expo this weekend.  All the shingle ladies will be there.  3) The doctor said I have high nitrates, so I’m switching to day rates.  4) My wife told me to put ketchup on the shopping list.  Now I can’t read anything. 5)  When the dentist married the manicurist, they fought tooth and nail.  6)  I have a black eye in karate.
  • Hollywood Squares:  Q.  What’s the cause of itching in old folks?  A. Eating shredded wheat in bed. Paul Lynde
  • It’s not so much what we have in this life that matters.  It’s what we do with what we have.  Mr. Rogers
  • With confidence, you have won before you started.  Marcus Garvey
  • Never put all your eggs in one basket, especially if you’re clumsy.
  • Be true to your teeth and your teeth won’t be false to you.
  • When you reach the end of your rope, tie a knot, and hang on for dear life.
  • Always admit your errors before somebody else exaggerates them.
  • Tequila: Helping women to lower their standards for years.
  • Q.  Don’t you think men prefer intelligent women? Johnny Carson   A.  No man has ever put his hand up a woman’s dress looking for a library card. Joan Rivers

Oh well.  Back to this month’s read for book club!  Have a great week and see you next time! 

Best wishes, 

Trinkie