Wednesday, June 13, 2018

Alpenglow Sports Mountain Festival - Summer 2018




The Alpenglow Sports Mountain Festival is the ultimate outdoor recreation summer kick-off event in Tahoe.  For a week, the public can choose from an array of activities such as trail running races, running clinics, yoga, wildflower hikes, SUP tours, rock climbing lessons, birdwatching, open water swimming, dog first aid, book signings and special guest speakers and more. The Mountain Festival covers it all. The festival is from June 16-June 24th, and there are several options every day to learn something new or just get out in nature.





The festival opens with the epic Broken Arrow Skyrace, which is a 3 day event drawing elite trail runners and recreational runners alike. Skyracing is a European style of running that is characterized by off-trail scrambling, steep terrain and loose rock descents. The majority of the race will take place above 6,000 feet and all course options (52K, 26K, 10K, Vertical K) have a considerable amount of vertical gain and loss. A true mountain adventure, the Broken Arrow Skyrace is not to be missed for running enthusiasts. Live music, craft beer, food and film will greet runners at the end of the course surrounded by the gorgeous peaks of Squaw Valley.

For those who aren’t ready to participate a race, trail running, swimming, SUP and rock climbing clinics run throughout the week and can provide the foundation to help participants learn the fundamentals of each sport. There is so much to do in Tahoe and so many ways to enjoy nature. The Alpenglow Mountain Festival is an unbelievable opportunity to get out and see what these mountains are all about.


Photos courtesy of Alpenglow Sports and Broken Arrow Skyrace.

Katie Tyler

BRE 01442453
c 530 277 1012 



Wednesday, June 6, 2018

Truckee Thursdays - Summer 2018




Truckee’s most anticipated summer gathering begins next week. Truckee Thursdays, the best street party event in Tahoe will begin on June 14 and then on every Thursday throughout the rest of the summer. From 5PM-8PM downtown Truckee is happening featuring local and regional artisans, food trucks, children’s activities, a craft beer garden and live music. Shopping local and supporting local businesses is encouraged as downtown merchants keep their shops open late and often have sales in conjunction with the event.

Live music outside on a warm summer evening is hard to beat. The lineup for Truckee Thursdays has been posted and there are some great musicians and bands to enjoy.

This is the 10th year that Truckee Thursdays has been the place to be to kick off an epic Tahoe weekend. Each year gets better, and again there will be a shuttle service offered to alleviate parking issues and encourage event goers to enjoy the awesome craft beer responsibly. The shuttle schedule will be posted soon, keep an eye on the Truckee Thursdays website.

Katie Tyler

BRE 01442453
c 530 277 1012 




June, 2018 Tahoe-Truckee Market Update




Despite being in the midst of the quiet season, real estate sales continue at a clip busier than is typical of the season. 168 properties are currently pending sale, 92 of which went into contract within the last 30 days.

While market conditions fluctuate based upon economic circumstances beyond the region, seasonality plays a meaningful role in the performance of real estate in the Tahoe area during cycles good and bad. The challenges of winter, including short days, difficult driving and seasonal leases often leave the market relatively constrained through the first two quarters of any given year. All things being equal, the latter two quarters will outperform the opening half of the year by about 40%.



Thus far, 2018 has been defined by historically tight supply contributing to a lesser volume of transactions which, in turn, have created upward pressure on values.  To quantify, inventory has hovered around 3 months’ supply for much of 2018. Balance in this category is considered to be about 6 months’. This has resulted in a 1% reduction in year-to-date transactions over the same period last year but a 6.5% increase in median price throughout the region. As is often the case, tight supply impacts lower price points more dramatically which gives greater weight to higher-end listings. Correspondingly, average price has surged from $865,000 in 2017 to just over $1,100,000 year-to-date.



Lakefront property sales of $40,000,000 and $7,500,000 have driven this surge.  The next 10 highest-dollar transactions have been homes in Martis Camp ranging from $4.4m - $8.8m. In fact, Martis Camp home sales already stand at 50% of 2017 full-year totals through just 5 months.

While market conditions have been extremely imbalanced for the several quarters, a glut of new offerings have been brought to market in the last 30 days nearly doubling the available supply. In total 263 new listings have been brought to market representing a 34% increase. This load brings the total inventory to 773 properties equal to 5 months’ supply. While still shy of the typical 6 month balance, this provides early summer consumers with a decent selection of product to view.

All of this adds up to market conditions prime for an active summer. Ample inventory, strong demand and quality product are a perfect formula to match the excellent summer seasons experienced in each of the last few years.

Katie Tyler


BRE 01442453
c 530 277 1012


Thursday, May 31, 2018

New Season, New Inventory




Memorial Day brings a strange relationship to the Tahoe Truckee real estate market. While most consider this holiday to be the official kickoff to summer, in the mountains it offers a different dynamic. Tourist activity is generally tempered as golf courses are barely open and the lakes remain rather frigid. In fact, this year’s saw snow on Mt. Rose on Saturday followed by glorious 70 degree temps on Sunday and Monday; a perfect microcosm of May in Tahoe.

A reliable occurrence, however, in good markets and bad, is an influx of new listing inventory. Regardless of the performance of the region, some number of homeowners reach the end of their useful per of ownership; whether driven by the expiration of ski leases or simply other life interests to pursue in different locations. Additionally, the lift and haul of bringing a home to market may be intensified during winter when deferred maintenance projects are difficult to see though. As such, new listings swell as the snow recedes.

While market conditions have been extremely imbalanced for the several quarters, a glut of new offerings have been brought to market in the last 30 days nearly doubling the available supply. In total 263 new listings have been brought to market representing a 34% increase. This load brings the total inventory to 773 properties equal to 5 months’ supply. While still shy of the typical 6 month balance, this provides early summer consumers with a decent selection of product to view.

Despite being in the midst of the quiet season, real estate sales continue at a clip busier than is typical of the season. 168 properties are currently pending sale, 92 of which went into contract within the last 30 days.

All of this adds up to market conditions prime for an active summer. Ample inventory, strong demand and quality product are a perfect formula to match the excellent summer seasons experienced in each of the last few years.

Katie Tyler

Realtor®
BRE 01442453
c 530 277 1012