Market Outlook: August
The first signs of autumn are here with fallen leaves and pine needles.
Temps are colder at night and leaving windows open may lead to a quick crank of the heater in the morning. It seems too early for summer to end since August hasn’t yet turned the page but alas, schools have started and nature seems to be following suit that it’s time for transition. The good news is the trails are open, there is plenty of room on the beaches and you may not need a reservation at your favorite restaurant. I love this season most of all as it provides the best of both worlds with summer access on a lower volume.
Today our Truckee schools begin. If you drive down Donner Pass Road across from our office, you will see major construction happening at our elementary and high school (including almost all district public schools) thanks to Measures E and U. Please reach out to any of us to discuss the different school options in town. Our public schools have fantastic ratings, as do our private and charter schools in the area. We just received an updated 24 page brochure from Tahoe Truckee Unified School District. If you would like a PDF copy, just sent an email to firstname.lastname@example.org.
The market has been hot all spring and summer with the peak of listings in July. We are now dropping down in inventory, but still have a healthy balance between supply and demand. Some of you who watch the market closely may have noticed some price reductions. We haven’t seen many of those since this time last year. There are some great options to buy out there but if you don’t see something you like, we anticipate there will be more listings coming for the next month. Tahoe Donner is always a good indicator for us because it is such a large subdivision that is both a vacation and primary home market. The Tahoe Donner low inventory mark for single family homes was 17 this spring with a high of 75 in July and a current count of 67.
A Couple of Our Favorites Available Now
Old Greenwood - Shared
A highly sought after summer week at Old Greenwood, Lake Tahoe's premier four-season resort and home of Jack Nicklaus Signature Golf, just perfect for the golf season. Property is 1/17th share with primary week 28 (July 13-20) plus two flex weeks. Ownership includes membership to the Tahoe Mountain Club with pool, fitness center, tennis, Northstar's Alpine Club and Schaffer's Camp restaurant. Endless recreational opportunities surround this luxurious community just minutes from historic downtown Truckee
Beautiful Mountain Retreat
If privacy is your passion you will fall in love with this beautiful mountain retreat located on a quiet cul-de-sac. Enjoy the expansive back deck that overlooks the forest & extensive greenbelt. Completely remodeled by Mark Tanner Construction. The rustic great room features a dramatic stone hearth, soaring post and beam ceilings and hard wood flooring. The gourmet kitchen will satisfy the discerning chef. Spacious dining, bonus loft, workshop and generous guest rooms and new baths complete the home.