Archive for January 2013

Getting ready for Snowfest!   Leave a comment

P1010278The first week of March in the Tahoe-Truckee area means Snowfest! Ten days of fun events including ski races, eating contests and of course a few home town parades, make Snowfest a fun time to experience Tahoe.

Here are a few event favorites to look for:

March 1st-The Grand Opening ceremony at Squaw Valley includes the coronation of the Snowfest Queen, a Laser light show, fireworks and torch light skier parade down the slopes of Squaw. Speaking of the Snowfest Queen competition, the contest is based on an interview, resume, and who can sell the most Snowfest Raffle Tickets. The proceeds from raffle ticket sales are split between the Snowfest organization and a worthy non-profit that the girls are supporting. The contest winner gets a scholarship, so please buy tickets to help a hard working girl and our local community.

March 2nd and 9th-The Parades. The first, is in Tahoe City on March 2nd and then the following weekend on March 9th Kings Beach puts on their show. Look for kids marching, fire trucks wailing, Snowfest Queen and court waving, Old Man winter, and plenty of fun home town kitschy touches.

March 2nd-Garwoods Polar Bear Swim. After the Tahoe City parade, a few hearty folks swim all the way to the end of the Garwoods pier in water that can only be described as really, really cold. Hopefully the chill is lessened by the crowds of people cheering them on, or the alcohol they consumed before entering the water.

New this year, Sugar Bowl is hosting the Jack London Commemorative Sierra Sled Dog Derby on March 3rd and 4th. The event attempts to capture the classic sled dog races of old.

At Snowfest there are lots of fun events happening every day. Check out the choices at
http://www.tahoesnowfestival.com, or call 530-583-7167.

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2012 Tahoe-Truckee Real Estate Summary: The Times they are a changin’   Leave a comment

photo

A quiet ski at Donner Lake

  

There are lots of statistics to analyze what happened in the Tahoe-Truckee Real Estate Market last year but these are the most important:

The last time we saw a year with this many real estate sales in the Truckee-Tahoe area was 2004.

There were 16% more sales in 2012 than in 2011.

The median real estate sales price went up 1.5% last year from $399,000 in 2011 to $405,000 in 2012.

The average price went up 12% last year from $535,460 in 2011 to $600,806 in 2012. Much of this increase was due to a whopping 32% increase in the sale of properties over $1,000,000 in 2012.  On the other end of the market, there were also fewer distressed sales (REO’s or short sales).

The end of the year inventory of homes on the market was down 29% from a year ago.

What does it mean: Finally, after the market has taken it in the shorts for a few years, sales are increasing and prices are beginning to increase. There is an old saying about the real estate market. You never know when you’ve reached the bottom of a downturn until it has already started going back up. Guess what, it has started going back up. But there are still great values out there and interest rates are fabulous.

Interested in what is going on your neck of the woods? Let me know, I can give you the latest sales information for your specific area.   If you want to look at the numbers please click on the  “market stats”  line above my photo.

YOUR FRIEND IN HIGH PLACES

Lynn Richardson . Coldwell Banker Real Estate . Lake Tahoe & Truckee

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