Greetings –

Market Update:
With the majority of schools back in session and Labor Day approaching we will start to see more focused real estate tours as we enter the heart of our selling season. As mentioned a few weeks ago, we typically see up to 35% more sales in the second half of any given year. July reported a total sales volume of ($109,304,945) which was the first month this year to crest nine figures at an average sales price of ($815,708) with year-to-date highs for total sales at (134).

With many of these sales taking place in resort communities I am often asked the question regarding rental potential to help defer some costs of ownership. InvitedHome is an exciting new vacation home rental company that has entered the Tahoe Truckee market and offers a great option for homeowners looking to enter the rental market. This company was founded in Boulder, CO and has been recognized in Inc. Magazine’s ‘500 list of fastest growing private U.S. companies in 2015.

Its’ portfolio of homes, chosen for their breathtaking attributes, typically range from $1-10 million in value, and are set in some of the country’s most enviable resort destinations: Breckenridge and Telluride, Colorado; Santa Barbara and Lake Tahoe, California; Maui, Hawaii; and the Emerald Coast of Florida.

Here is a great article that talks about the company and their vision: InvitedHome works to solve vacation-rental guesswork

Pick of the week:
In the resort community of Old Greenwood there is a development opportunity with 40 acres broken up into 4 separate parcels. It is fully entitled with underground utilities, zoning and CC&R’s completed. With only 7 re-sale homesites available on the market, and a total of 99 in the entire community, this land is very desirable in my opinion. It is called the Woodlands and is located adjacent to the 18th hole overlooking Northstar and the Carson Range. The property is unique as it allows potential for horses as well as being within walking distance from the Old Greenwood pavilion which can be accessed with a Tahoe Mountain Club membership. Here is a link to the listing: Click Here to View Listing