Posted in the last blog was a summary of North Tahoe/Truckee real estate sales activity for the first half of 2013 in comparison with the first half of 2012. What do those numbers mean if you are contemplating buying or selling.
A few key points:
The average and median prices were up 16% in the first half of 2013, while total sales were up only 5.7%.
The median days on the market was only 37 days in 2013…a drop of 44% from the number of days it took to sell a home in 2012. The average days on the market in 2013, however, was significantly higher, 92 days, just 19% faster then 2012.
Remember, median is the 50th percentile. To compute the average, you take all the sales, add up the total price or days on the market and then divide it in half. The average may be higher than the median when several very high numbers are reflected in the average.
What accounts for the significant differences between median and average when it comes to the days on the market, and number of sales?
Perhaps it is a sign of two markets:
The first market is one of well maintained homes that are priced competitively. Buyers are ready, willing and able to jump on these puppies as soon as they hit the market. These buyers are driving up the average and median prices, and driving down the median days on the market. The lack of homes that fit this description is why even though the buyers are there, the homes that meet their needs are not.
The second market is composed of a large supply of homes that need work and are priced too high. Some of these homes were purchased at the height of the market, and the sellers are not able to sell the properties at a lower price. And some are listed for sale by those who are only motivated to sell if they can get “the right price.” This market is reflected in the high average days on the market. What accounts for a median days on the market of 37, with an average of 92? A lot of homes that sit on the market for six months or a year or more before they finally sell…usually after several price reductions.
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Spring is upon us in the mountains (or what passes for spring here), which means this may be one of the last opportunities this year to go for a moonlight snowshoe. If you have never done this before, it is one of those beyond words experiences to remember! Should the sky be clear, the moon lights up the snow as if from a fairytale dream, negating the necessity of flashlights. (But bring one just in case).
If you prefer your athletic endeavors in the daylight, there are also many day snowshoe events as well.
Dress warm, pack a hot beverage of your choice, and keep your nose to the wind for the smell of ‘s’mores‘ wafting in the air. Always a good time.
Here are some local areas that are offering snowshoe tours this month.
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Moonlight on Squaw Valley. For more events at Squaw Valley, visit their website on the link below.
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http://www.squaw.com/things-to-do/events-calendar/guided-moonight-snowshoe-tours
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Guided Moonlight Snowshoe Tours – Squaw Valley
Explore Squaw Valley under a full winter moon. As the moon lights the way our experienced guides will lead you on a snowshoe tour along Siberia Ridge. Lake Tahoe glows under the winter moonlight and you feel like you are on top of the world. Fun for all ages, cost includes snowshoe rentals (you must supply your own poles if needed). Dress appropriately and wear sturdy winter boots.
For reservations – call 800-403-0206
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MARCH 22-23
Snowshoe Social & Race Series – Northstar at Tahoe
Join us for the Northstar Snowshoe Social & Race Series taking place December 22 (USSSA National Championships Qualifier), January 27 (Tahoe Rim Tour & Race), and March 23 (Truckee Tahoe Humane Society Fundraiser). The December and March races will feature a 5k, 10k and kid’s races while the January race, in conjunction with the Tahoe Rim Tour & Race, will be a point-to-point 21K snowshoe from the North Tahoe High School to the Northstar Cross Country, Telemark & Snowshoe Center. The third race will be a fundraiser for the Truckee Tahoe Humane Society and we will allow dogs on the cross country trails that day only. There will be fun for all ages at the finish of each race. During the December and March race dates we’ll have live music at the finish along with snacks, beers and sodas, 10k awards and a raffle for all. During the January race there will be a chili lunch, awards and a raffle. For more info:
http://www.northstarattahoe.com/info/ski/snowshoe_social_race_series.asp
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MARCH 23
Winter Wildlife snowshoe – Mount Rose Tahoe Rime Trail Association and Tahoe Institute for Natural Science host a Winter Wildlife Survival Snowshoe at Tahoe Meadows at 10am. Enjoy a snowshoe trek and learn about winter ecology and survival strategies of wildlife. For the entire family. Moderate, 2-3 miles. Bring equipment and dress appropriately.
Register at http://tahoerimtrail.org/
Sunset Snowshoe – Area Venue
Tahoe Adventure Company hosts a Sunset Snowshoe every Saturday through April featuring natural history discussions, hot drinks and snacks. No experience necessary. $65, includes equipment. Reservations (530) 913-9212
Full Moon Snowshoe – Tahoma
West Shore Sports hosts a Full Moon Snowshoe at Sugar Pine Point State Park. Benefits Sierra State Parks Foundation. $20, ($5 kids), includes snowshoes and parking. Reservations (530) 525-9920
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MARCH 24
Snowshoe Hike – East Shore
Tahoe Rim Trail Association hosts a snowshoe hike to Marlette Lake. 7-10 miles, difficult. Bring equipment, dress appropriately and bring water and food. Free. Register at http://tahoerimtrail.org/
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MARCH 26
55+ snowshoe – Incline Village
IVGID hosts a snowshoe and lunch for 55+ with a light to moderate hike to various locations at 10 a.m. After, enjoy a buffet lunch at Sierra Nevada College. $16, $13 with IVGID pass, includes transportation. Register at (775) 832-1310
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MARCH 27
Full Moon Snowshoe – Area Venue
Tahoe Adventure Company offers a full moon snowshoe trek from 6:30 to 9:30 pm featuring professional guides, natural history discussions,, hot drins, trail snacks and searching for animal tracks. $65 includes gear. Reservations (530) 913-9212 or tahoeadventurecompany.com
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MARCH 31
Family Snowshoe Tours – Northstar at Tahoe
Grab the kids and join us for our Family Afternoon Snowshoe Tours taking place at Northstar California this winter season. These tours are a wonderful way to introduce your little ones to the great outdoors in a fun, unintimidating, friendly atmosphere. The tours are open to all ages and will be an easy snowshoe for the whole family.
Tours will begin at the Cross Country, Telemark & Snowshoe Center at 1:00 p.m. and will last approximately 3 hours. Your guide will lead you on a snowshoe adventure through some of our easier trails to a historic red caboose set in an alpine meadow for hot chocolate, cookies, and snow play!
For more information:
http://www.northstarattahoe.com/info/ski/family_snowshoe_tours.asp
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For more events in the area, visit The Weekly website (featuring North Lake Tahoe and Truckee):
http://theweeklymagazineonline.com/
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And don’t forget to check out the websites of the other ski areas in town. They often offer more events than just skiing!
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Here is what’s coming up in the week ahead in the Truckee/Tahoe area….
The annual Women’s Wellness Weekend is Nov. 10 and 11. Take some time for yourself – be inspired, relax and learn. To learn more please go to http://www.granlibakken.com/wellness.php
Ski Swaps
You may have miss the North Tahoe Ski Swap in October, but here are a few others coming up in November.
Truckee Ski Swap at the Truckee Community Recreation Center is TOMORROW, Nov. 3rd from 11 – 4.
UNR Ski Swap at the Reno Sparks Convention Center is Nov. 9, 10 and 11. This is a huge ski swap.
Tahoe Cross Country Ski Swap for Nordic gear is at Tahoe Cross Country Center in Tahoe City on Nov. 17th at 10 am.
For more information please see http://www.tahoe.com/2012/10/15/tahoe-ski-swaps/
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