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Tahoe Update

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November 10, 2024

Tahoe Update

Greetings Fellow Life Travelers:

Now that the election is over, it will be interesting to see what takes place in the real estate world.  Will we see a big uptick in action before the end of the year?  Will there be new activity as we move into 2025?  Pundits predict 2025 will be much better than the weak 2024 that, so far, has reflected the lowest number of residential sales in the U.S. since 1995.  Despite a few significant sales for Tahoe this year, overall activity has been rather lackluster.  Now we Realtors work on business plans for 2025, reassessing how we’re doing business, what we can change and modify. I personally am grateful for a good year and look forward to an even better one next year.  So, let’s see how we did this last week.  

Residential Real Estate – week 11/2 – 11/8

  • Tahoe Sierra MLS – North/West Shores & Truckee.  New Listings – 12; Escrows – 15; Solds – 16
  • Incline Village/Crystal Bay MLS.  New Listings – 5; Escrows – 6; Solds – 7
  • East Shore, NV MLS.  New Listings – 1; Escrows – 3; Solds – 3
  • Reno/Sparks MLS.  New Listings – 81; Escrows = 129; Solds – 73

Tahoe Sierra had a new North Shore lakefront come on at $5.95 Million, complete with nice pier.  Biggest sale so far this year is Martis Camp’s home listed at $25 Million and sold this week for $23.6 Million.  Hard to believe an off-water property surpassed our North and West Shore lakefronts so far this year. Incline had a 1978-built lakefront with pier come on at a very ambitious $49 Million.  We’ll see how that goes!  And, East Shore had a newer Skyland lakefront listed at $15.988 Million go to escrow.  

Local/Real Estate/Luxe

  • Downtown Truckee Ladies’ Night:  Discounts and festive atmospheres in select stores will be open Friday, November 15 from 5 – 8PM.  Included is a raffle for $450 worth of downtown gift cards, proceeds of which will go to support MAP (Mountain Area Preservation) and its mission and current land use and conservation campaigns. 
  • Removal of a pair of AT&T’s old, lead-sheathed telecommunication cables is under way in Lake Tahoe, hopefully to be completed by the end of November. Tahoe Fund
  • For train buffs, the Truckee Donner Railroad Society is building a sectional train model of Truckee and the surrounding areas, capturing railroads, buildings, and scenery from 1927.  Started in spring 2023, there are six modelers working on Phase 1, the Truckee, and Truckee River Canyon.  Check out www.tdrrs.org
  • Retail spaces becoming harder to find.  Landlords are replacing small businesses with major tenants able to pay higher rents.  This is contrary to the vacant office space dilemma across the country.  WSJ

Entertainment

TidBits

  • Our ultimate freedom is the right and power to decide how anybody or anything outside ourselves will affect us.  Stephen Covey
  • Everything happens for a reason.  Sometimes it’s because you’re stupid and make bad decisions.
  • Disappointed because you haven’t done anything on your bucket list?  Change the B to F and you’ll feet a lot better about it. Mother of Heathens
  • Wealth consists not in having great possessions, but having few wants.  Epictetus
  • Signs:  1) Everett Vacuum – Everything we sell sucks.  2) In the forests and mountains, animals do not leave trash.  Humans do. Please behave like animals.  3) A car’s weakest part is the nut holding the steering wheel. 4) Crystal Methodist Church: Adultery is a sin.  You can’t have your Kate and Edith too.
  • Hugh Hefner became a multi-millionaire staying home in his pajamas.  I’m not having the same result.
  • 10% of women think their ass is too skinny.  30% of women think their ass is too fat. 60% say they don’t care. They love him. He is a good man and they wouldn’t trade him for the world.
  • Being able to respond with sarcasm within seconds of a stupid question is a sign of a healthy brain.
  • Don’t compare your life to others. There’s no comparison between the sun and the moon.  They shine when it’s their time.
  • Marriage tip:  If you need a new can opener, just get a new one.  Don’t give one to your wife for Christmas.
  • One day you’ll find someone that’s obsessed with you.  It’s probably going to be a dog. It is what it is.
  • I’m not saying I order from Amazon a lot, but I just received a wedding invitation from one of their drivers.
  • They say 40 is the new 30 and 50 is the new 40.  All I know is that the older I get the more 9PM is the new midnight.
  • Sometimes you meet someone and you know from the first moment that you want to spend your whole life without them.
  • Don’t tell secrets in the garden.  Potatoes have eyes, corn has ears and the beanstalk.
  • The biggest troublemaker you’ll probably ever have to deal with watches you from the mirror every morning.
  • Gawd, when people tell me I’m going to regret that in the morning, I sleep ‘til noon because I’m a problem solver.  Mother of Heathens
  • Just as the graveside service finished, there was a distant lightning bolt accompanied by a tremendous burst of rumbling thunder.  The little old man looked at the pastor and calmly said, “Well, she’s there and it’s his problem now.”
  • My family asked me, “What are you having for Thanksgiving?”  Apparently 4 Margaritas and a joint before you get here wasn’t the answer they were looking for.  Mother of Heathens

So, happy planning!  Doesn’t look like we’ll have any major precip this next week – maybe a little snow on the mountains – so Open Snow is looking to the 3rd week of the month for more activity.  Mt. Rose opened – first one so far.  Have a great week and see you next time! 

Best wishes, 

Trinkie