November 2010
Nicholls Real Estate Group

Truckee Update
From The Nicholls Real Estate Group 

 
Is This Heaven??!!
 



For the last few weeks I've had no idea what to write about for this months newsletter.  Then, mother nature came along and made it easy for me . . . SNOW!!!!  That's what I'm going to write about!!!

 
In case you've been hiding under a rock, or are just in denial because you don't particularly like cold weather, winter has arrived in grand fashion.  The sierra's got hit by an outstanding early season storm cycle over the last 5 days.  In a matter of 1 week I went from deciding which mountain bike ride to take, to skiing in waist deep powder with a HUGE smile on my face. 


Storm totals haven't been finalized, but most of the ski areas are reporting 6 to 8 feet of snowfall in the last week.  We went from uncertainty about whether the ski areas would be able to open a couple chairs for Thanksgiving to wondering if they might be able to open all their chairs.  Regardless of the details, you can rest assured that this is the best November skiing we have seen since the November of '97.  Half the time (including the last 2 years) resorts aren't able to open at all for Thanksgiving.  This year most will be open for top to bottom skiing.  Don't get me wrong, there will still be obstacles to keep an eye out for, but you can rest assured that the quality of snow conditions will feel like mid winter.  If you're not pulling your skis out of the closet right now, you're missing out!!!


Mother natures early gift is great news not only for skiers and ski areas, but for the Lake Tahoe and Truckee economies as a whole.  Historically, the Christmas holiday has been considered a make or break period for most local businesses.  In other words, they rely on big revenues for that two week period to carry their profits for the year. If there isn't any snow on the ground (which sometimes happens) people start cancelling their reservations and making plans to go elsewhere and it hits our local businesses hard.  I've heard some business owners state that they make 20 to 25% of their revenue during the two weeks surrounding Christmas.  Those are big numbers to grasp, but you can trust that those business owners have big smiles on their faces right now.  When there's snow on the ground, you can be assured that people will be here to visit (and spend money!).  Not only has confidence gone way up for a good Christmas Holiday period, but there's a chance businesses will see the bonus of a good Thanksgiving Holiday (not usually a significant period for Lake Tahoe tourism).
 
 
On this Thanksgiving we are truly thankful about where we live and thankful for the early season gift mother nature has brought us.  We hope all of you have a wonderful Thanksgiving holiday and that we see your smiling faces up here soon!


 




 



Local
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Warning!!  Our BLOG
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Getting Ready to ski?  Find links to the best weather reports and all the local ski areas on the local links page of our website:
 
Check Out Our Website
 
TruckeeDreamHomes.com just had a major upgrade to it's property search function, called My Property Manager. 
 
My Property Manager is a FREE and easy to use account that gives you the ability to save and manage multiple properties displayed on TruckeeDreamHomes.com. Think of this as your own private manager that allows you to search, track and save properties listed in the MLS, all in a private, password protected account. 

In addition to all the organizational tools you will have access to, you can even customize special email alerts so that you receive the latest listings that you are specifically looking for, as soon as they are added.
-Save unlimited properties to compare or show others
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Local Market Update
 

 

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Tahoe Donner:  Strong activity continues, especially in the lower end of the market.  28 homes went into contract for the month of October, 19 of which had asking prices under $600k.  Tahoe Donner is our core market place, in light of this, and in light of the regularity with which clients ask questions about activity and values in the neighborhood, we will be posting weekly Tahoe Donner real estate activity on our blog.  Here are the pictures and details for the new escrows in October:  Tahoe Donner Real Estate Activity .

Martis Camp:  As other newer developments struggle, Martis Camp continues to carry great momentum. 47 homesites (average price of $700k) and 3 custom homes have sold so far in 2010.  This article, by Jay Stuller of the A Position, is a great overview of the community and all the things which have made Martis Camp so successful. 

Old Greenwood/Gray's Crossing:  Just 1 home went into escrow in October for these 2 neighborhoods.    Gray's Crossing and Old Greenwood Real Estate Activity .

Northstar:   3 homes and 1 condo went into escrow for the month of October.  For pictures and details, follow this link: Northstar Real Estate Activity .

Donner Summit and Serene Lakes:  After a strong summer season, things slowed slightly in October with just 2 homes going into escrow.  Both homes had asking prices under $300k.  Here are details:  Donner Summit Real Estate Activity.
 
Lahontan:  For the 3rd month in a row, no homes went into escrow in Lahontan.

Glenshire/Sierra Meadows/Prosser/Donner Lake:  After a slow early summer, things have picked back up with 30 new escrows in September and 22 in October.  There was a nice balance throughout the price ranges with 9 of the homes having asking prices over $500k.  Here are pictures and details:  Truckee Real Estate Activity.


Squaw Valley/Alpine Meadows:  People must be excited about the prospects of these 2 ski resorts because activity has been outstanding ever since early summer.  In October 14 properties went into escrow:  Squaw Valley and Alpine Meadows Real Estate Activity .

 

North Lake Tahoe:  The outstanding 2010 activity continues with another 23 homes going into contract in October.  Here are the details:  North Lake Tahoe Real Estate Activity.

Contact us 

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