March 2010
Nicholls Real Estate Group

Truckee Update
From The Nicholls Real Estate Group 

 
Life in the Mountains
 

Some of you may not be aware that Norm (with a smidge of help from Alan)writes a biweekly article for the local newspaper, "The Sierra Sun".  In the most recent edition he told a nice narrative about what drew him to Truckee, how the town has changed, but ultimately how it has remained "the greatest place on the face of the earth."  Following is the unedited article . . .

 
Upon returning from So. Carolina, I read several letters to the editor which included conversation over living here, feeling welcome, quality of life, etc. It is always interesting to see people's perspectives and reasons for wanting to live in the area.

 

I first became acquainted with the Truckee/Tahoe area in 1964 when I first came up here to learn to ski.  Besides spending weekends and holidays skiing in the winter, I would also come up several times each summer. Although a city boy from Oakland, I fell in love with the country.

 

In those days the population sign by the Donner Pass Rd. exit of east bound Interstate 80 read under 1000.  I imagine that was based on the census in 1960. The numbers have grown substantially since.

 

When my wife Alice and I decided we would like to attempt to live up here full time, this community was very dependent upon tourism, construction, our lumber mill, the railroad, utility workers and service related jobs.  Blue collar jobs were much more abundant than white collar jobs. Even then, we had a quality hospital and well respected doctors who took care of our broken legs and other maladies. We also had a couple of grocery stores, shops and restaurants downtown, and (of course) multiple gas stations with expensive gas! There was not a single traffic signal or fast food restaurant to be found.

 

The draw to the area was the environment, the skiing, the lakes, and a slower, happier, pace of life.  Everyone knew your name, or at least your face. People worked together and played together.  Much of the population consisted of people from 25 to 50 years old. At the time the area was not considered to be especially appealing to retired people.

 

With time and the increase in population, our community has changed and become more diverse.  We have rich people, poor people, middle class people, super seniors, and a multitude of second home owners. White collar jobs have definitely increased while the number of blue collar jobs related to construction and service has drecreased starting with the closing of the lumber mill and, in more recent years, due to the downturn of the economy, the housing bubble, cost of living, and "probably" the result of over development in the past 10 years. (Don't shoot me fellow Realtors!). 

 

What has stayed consistent over the years is that what you receive from living in this beautiful area is dependent upon what you seek out.  There are no welcome wagons, so to speak, or neighbors knocking down your door looking to borrow a cup of sugar.

 

If you wish to be a recluse, you can.  If you wish to be involved in your community, you certainly can. There are numerous clubs, organizations, non-profits, schools, youth organizations, churches, senior services, etc. looking for people who would like to get involved with them to help enhance their causes and the quality of our community.  The more involved one gets the more people you meet and friendships formed.

 

We also have multiple special districts that are managed by "elected" board members, as well as the Town of Truckee and the various counties with elected positions.  So, for those wanting to be a politician and/or a policy maker, there are many opportunities.

 

The cost of living up here is still high, jobs are harder to find, and we continue to have inherent "growing pains."  But, to coin the words of a good friend, Bob Colquhoun, "this is the greatest place on the face of the earth!"  So if you are new to the area, find your niche, get involved, meet people and enjoy this piece of paradise many of us call home.

 
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TruckeeDreamHomes.com just had a major upgrade to it's property search function, called My Property Manager. 
 
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Local Market Update
 

 

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The real estate market slowed slightly in February, but activity was still solid.  Early March returns have been even stronger.  Here are the neighborhood by neighborhood details.
 
 
Tahoe Donner:  14 homes went into escrow for the month with a noticeable focus on the lower half of the market.  All of the homes had asking prices of $815,000 or lower.  3 of the homes had asking prices under $400,000.  Here are the pictures and descriptions: 
Tahoe Donner Real Estate Activity
 
Martis Camp:  The Martis Camp development continues to see strong activity while vacant land in other areas goes unsold.  15 more parcels have gone into contract since the beginning of the year.
 
Old Greenwood/Gray's Crossing:  In early February, East West Partners, the developer of these neighborhoods, filed for Chapter 11 bankruptcy protection.  We are keeping an eye on the details of the restructuring of debt to see exactly how it will effect these neighborhoods and the Tahoe Mountain Club.  Interestingly, there was still some activity in Gray's Crossing with 2 homes going into contract.  One was a short sale, and the other a bank owned property:
 
Northstar:
   There weren't any new escrows on single family homes, but 5 condos went into escrow for the month:  Northstar Real Estate Activity 
 
Donner Summit and Serene Lakes:
  In one of the busiest months since last summer, 5 homes went into escrow including 3 in Serene Lakes: 
Donner Summit and Serene Lakes Real Estate Activity
 
Lahontan:  2 homes went into escrow, both with asking prices over $1.5 million: 
Lahontan Real Estate Activity 
 

Glenshire/Sierra Meadows/Prosser/Donner Lake:  For only the second time in the last year, these core Truckee neighborhoods fell short of 20 transaction.  It was a very close miss however, with 19 homes going into contract.  Not bad for an off month! 

 

Squaw Valley/Alpine Meadows:

Condo activity around these ski areas has been outstanding the last few months.  In February 10 condos went into escrow as well as 2 single family homes.  Squaw Valley and Alpine Meadows Real Estate Activity 
 

North Lake Tahoe

:  Activity remained strong with 25 homes going into escrow.  The activity was noticeably focused on the lower end of the market as 22 of the homes had asking prices under $800,000:  North Lake Tahoe Real Estate Activity

Contact us 

Al and Norm
Alan Nicholls
530-550-5005
 
 
 
Norm Nicholls
530-550-5035