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Tahoe Update

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October 3, 2024

Tahoe Update

Greetings Fellow Life Travelers:

Well, our beautiful warm October Indian Summer had a bit of comeuppance on Friday with a drop in temps to 73 under semi-cloudy skies and a lot of wind and even a tiny sprinkle.  However, projection for next week back up into high 70s.  This is the nicest fall we’ve had in years, extending our short summer for several weeks.  Sandals and white are still in favor before we jump into turtlenecks and boots.  Now for last week’s action in the biz.

Residential Real Estate – week 09/28 – 10/04

  • Tahoe Sierra MLS – North/West Shores & Truckee.  New Listings – 31; Escrows – 19; Solds – 22
  • Incline Village/Crystal Bay MLS.  New Listings – 8; Escrows – 13; Solds – 10
  • East Shore, NV MLS.  New Listings – 3; Escrows – 0; Solds – 1
  • Reno/Sparks MLS.  New Listings – 130; Escrows – 131; Solds – 103

For Tahoe Sierra, highest escrow this week was $1.7 million, and 10 of the solds were under $1 million.  One lakefront listed at $4.2 sold for $3.85 million.  For Incline/Crystal Bay, a Stillwater Cove 2 BR totally redone unit listed at $4.713 Million is in escrow.  And, the $68 Million lakefront in escrow is scheduled to close on the 15th.  We’re assuming that will be the highest for the year and a record-breaker.  East Shore was wimpy this last week, and Reno marched on steadily.

Lakefronts year-to-date – single family – SOLD.  North-West Shores – 12; Incline/Crystal Bay – 1; East Shore – 3; South Lake Tahoe – 1.  There is substantial lakefront inventory left to be sold, and predictions indicate 2025 will be a more productive year than 2024 in real estate in general. 

Local/Real Estate/Luxe

  • Fleet Week – San Francisco.  October 7 – 14.  A favorite of many!  Tons of activities including the Blue Angels fabulous show!  https://tinyurl.com/3f829nc3
  • Tadao Ando-designed Malibu home that Kanye West bought and destroyed inside has been purchased by a developer who intends to restore it to original state.  West lost about $36 Million in the transaction.
  • Disney is launching its first California Luxury Residential Community – Cotino – in Rancho Mirage, to feature about 2,000 homes and condos starting at $1 Million.  Model homes will be open in November.
  • Devastation in Asheville, NC and surrounding areas is above belief.  Realtors have jumped into action to coordinate transport of supplies to hard-to-reach areas via semi-trucks, airplanes, helicopters. Here is a report regarding two of my colleagues:  Operation Air Drop out of airport in Concord, NC area. In 3 days, there have been 312 flights carrying 200,000 lbs of supplies to those in need in Western NC. Elizabeth Allardice & Leigh Brown are the organizers of this operation which is one of many trying to get supplies to those in need. Donate to www.samaritanspurse.com that is on the scene, and donations are in use immediately with no wait time. 
  • Parking spots at a Manhattan condo building are $500,000 and selling quickly.
  • 75th Celebration of Tahoe Forest Hospital.  Friday, November 1.  Please join us to welcome the next 75 years!  https://secure.acceptiva.com/?cst=ht7kE2
  • Tangerine Bistro in Truckee is celebrating its one-year anniversary on Oct 31.  French Vietnamese pre-fix menu. www.tangerinetahoe.com
  • Aspen is a world of its own.  Highest prices in all the U.S. resorts, and one property is charging $120,000/a month to rent. 

Entertainment

  • My current Vlog on the new buying protocol in real estate:  

TidBits

  • There is nothing better in life than being a late bloomer. I believe that success can happen at any time and at any age. Salma Hayek.
  • I would suggest that the whole imposing edifice of modern medicine, for all its breathtaking successes is, like the celebrated Tower of Pisa — slightly off balance.  King Charles
  • My super power is holding on to junk that will become useful for years and throwing it away a week before I need it.
  • I can’t believe it’s been a year since I didn’t become a better person. 
  • Whoever established the high road and how high it should be should be fired. Sandra Bullock
  • Don’t be so humble.  You are not that great.  Golda Meir
  • How come you never see a headline that says, “Psychic wins Lottery”?  Jay Leno
  • Every day I get up and look through the Forbes list of the richest people in America.  If I’m not there, I go to work.  Robert Orben
  • I choose a lazy person to do a hard job.  Because a lazy person will find an easy way to do it.  Bill Gates
  • People say that money is not the key to happiness, but I always figured if you have enough money, you can have a key made.  Joan Rivers
  • Sometimes it’s OK if the only thing you did today was breathe.  Yumi Sakugawa
  • It is often the small steps, not the giant leaps, that bring about the most lasting change.  Queen Elizabeth II
  • I have to admit that among inventions, the “Undo” button is right up there with the very greatest of all time, yet it’ll never compare to the “Do” button, from which worlds are born.  The Universe
  • Attention is the rarest and purest form of generosity.  Simone Weil
  • What counts is not the things that happen, but what we do with them.  Annie Ernaux
  • Pie can’t compete with cake.  Put candles in a cake, it’s a birthday cake.  Put candles in a pie, it means someone’s drunk in the kitchen.  Jim Gaffigan
  • If I had a bookstore, I would make all the mystery novels hard to find.  Demetri Martin

Read on!  Our current book club selection is West with the Giraffes, historical novel based on bringing 2 Giraffes from Europe to New York, then across the U.S. to the San Diego Zoo.  Have a good week and see you next time!

Best wishes, 

Trinkie