Q3 has provided revealing data as to the trajectory of Tahoe Truckee real estate. Activity has tapered, and values have settled somewhat however supply remains modest because a very high percentage of homeowners are enjoying the use of their Tahoe properties. As is always the case, blanket generalizations never tell a complete story as specific micro-markets continue to appreciate while others settle into late 2021 valuations. Similarly, not all [...]
The Village at Gray’s Crossing community has really begun to come to life over these last few months. You can start to see the layout for where the 24 brand new luxury townhomes will soon stand, amongst the pine trees and nestled along the Gray’s Crossing golf course. As it currently stands, 7 townhomes already have reservations, leaving just 10 golf course and 7 village-side homes available. All 3 floor [...]
Greetings; May, 2020 provided perhaps the only 30-day reflection of the impact that quarantine had on our market. And, given the typical lag, the data collected over this period is already irrelevant in the wake of a surging market. In most cases, closings prior to May reflected market conditions when deals were consummated prior to the COVID-19 outbreak. As such, data for March and April generally reflected the robust market [...]
UPDATE: CARTS ALLOWED Individual Carts Available for Opening Day Gray's Crossing (May 22) Based on the State of California guidelines and PGA of America best practices, we are pleased to announce that golf cart and push cart usage will be available for guests at both of our Tahoe Mountain Club courses for opening day! The following updates have been made to our guidelines: YES! Carts will be allowed for [...]
Greetings; April provided the first glimpses of the impact that coronavirus is having on the Tahoe-Truckee real estate market. Absent ski lifts turning for spring break crowds and any allowable tourist activity, the market slowed markedly yet showed very little sign of distress that could lead to meaningful price erosion. An objective view of the year-to-date performance of Tahoe-Truckee real estate, without any context for the moment, would reveal data [...]
Tahoe Mountain Club is excited to confirm that the latest Nevada County Stay-at-Home guidelines released on April 27, 2020 have allowed golf course operations to resume and we are thrilled to prepare our courses to open for the 2020 season! Both of our Tahoe Mountain Club courses are in fantastic shape already, far advanced of what we usually see this time of year. Scheduled opening dates are May 15th for Old Greenwood Golf [...]
Real estate data for the month of March gives a false sense of productivity within our market. Closed sales reflect transactions agreed to 30-60 days prior. As such, March sales data give us an almost perfect snapshot of market conditions before the world changed in an instant. The month saw an identical number of transactions as the prior 30-day period and was a full 22% ahead of the same month [...]
Greetings, Nominally, the Tahoe-Truckee real estate market posted another strong month in February. Total sales units equaled the prior year exactly though sales were generally focused on modestly priced inventory. Closed transactions generally follow 30-60 days from contract thus are a lagging indicator of overall market conditions. The volatility of equity markets in recent weeks have created a level of uncertainty that may have ripple effects in the months to [...]
Greetings - The sun is shining and and the spring like corn skiing is as fun as it gets. It was nice to get a little fresh air and enjoy some backcountry skiing under crisp blue skies with great views of the Lake. My kids have also enjoyed getting out of school early every Friday to end the day on the slopes with their weekly ski program. Skiing is such a fun family experience to enjoy each [...]
Greetings; Tahoe Truckee real estate opened the decade with a strong performance through January. 94 residential transactions exactly equals the average of the last three years’ opening month while an average price just over $1,000,000 has set the tone for another productive year to come. Q1 is often the softest period for closings in our region. A strong January, typically reflective of early season buying activity, is less dependent upon [...]
