Greetings - The temperatures have been cold and the skiing is excellent. It looks like the snow storms are lining up for that nostalgic white Christmas to create a magical experience up in the mountains. I have a few days of backcountry skiing under my belt and my 8 year old son has even joined me for a few adventures. I look forward to seeing you in Truckee/Tahoe enjoying the holiday [...]
Greetings - We awoke to cold temperatures and snow on the ground this morning which is a very welcome sight with Thanksgiving approaching and many visitors and locals alike ready to hit the ski slopes. Northstar Opening Day Northstar has pushed out opening day with the dry weather we have been experiencing, but there is no doubt this little storm and cold temps will help with snow making. That should help keep the new scheduled opening day for Friday, November 29th for skiing & [...]
Greetings - On its surface, the Tahoe-Truckee region has lagged behind the performance of 2018 by meaningful amounts. When heavy snowfall caused road closures throughout much of February, many would-be real estate consumers were forced to delay purchasing decisions creating a fairly sizeable Q1 lull for real estate transactions. Inevitably, some of these visits were perishable, lost until next winter while others were simply deferred into Q2. In May, total [...]
Greetings - After keeping pace with previous years over the first several months of 2019, March saw a precipitous drop in real estate activity throughout the Tahoe Truckee area. Several factors including overwhelming snowfall throughout early winter and limited access to the region combined with an unusual scarcity of available property leading to this statistical drop. In all, 256 residential properties traded in Q1, 17% fewer than over the same [...]
Greetings; Abundant snowfall has impaired the ability of many would-be consumers to visit the region deferring purchasing decisions to spring. This may cause a slower than usual March; a time when winter sales often find their greatest stride before a shoulder season lull. Regardless, large snowfall typically casts a prominent light on slopeside real estate. Northstar currently shows 6 properties pending sale including 3 in the Mountainside neighborhood. Squaw Valley [...]
Greetings - As the endless winter continues we are very excited to welcome all of the visitors to Truckee/Tahoe for President’s week and look forward to sharing this winter wonderland. Skiing is one of the few sports that you can do as a family together and my family has been enjoying some crazy powder days out in the elements. I couldn’t think of a better day than a few family [...]
Greetings; 2019 is off to singular, and statically misleading, bang for the Tahoe Truckee real estate market. An otherwise very typical January was punctuated by a $37,000,000 lakefront acquisition completing what appears to be a remarkable accumulation of waterfront property. This acquisition of 5.69 acres is paired with the adjacent 3.5 acres transacted in December to the same entity for $22,000,000 creating a remarkable 9-acre lakefront estate on Tahoe’s West [...]
Greetings, In 2018, real estate in the Tahoe Truckee region capped a bull market streak dating back to Spring, 2011 with highest ever annual figures for total dollar volume, average price and quantity of transaction above $1 million and $10 million. Inspired by a record number of premium transactions, the region totaled just under $1,700,000,000 in real estate sales, a number greater than any single year in history. 386 transactions [...]
Greetings - For the first time in recent memory, seasonal conditions are aligning with the real estate market to create a Goldilocks beginning to the winter season. After nearly a decade of winter starting too late or coming in too heavily, a series of storms from Thanksgiving into early December have created mid-winter conditions to start the season. Combined with continued strong real estate conditions, a perfect storm for mountain [...]
Greetings – The third quarter of 2018 was record setting for real estate in the Tahoe Truckee region by every measure but for one. Total sales volume and average price hit all-time highs while median price equaled the 2006 market peak. Only the total number of sales units fell behind the same period last year due, in part, to a supply constrained market. Total sales volume from July through September [...]
