Wednesday, November 14, 2012

N. Tahoe Market Update - Martis Camp and Beyond


Weekly North Lake Tahoe Real Estate Update

The snow and cold temps have made this week in early November feel much more like December. We would like to think this early season base from Mother Nature is the beginning of a much-needed epic Tahoe winter. Are we making up for lost time?
This week I have had many conversations with buyers and sellers alike on the state of the Tahoe market, people seem to be wondering about Martis Camp specifically as the beacon for the area.
The success in the resale market at Martis Camp has been remarkable this year and has also solidified once again TMRRE’s position as not only the leading brokerage for referrals for new developer sales, but also as the leading brokerage for resale transactions. TMRRE has been responsible for successfully listing and/or selling about 40% of the 21 resale deals to date in 2012, far more then any other brokerage.
As a point of comparison, there were a total of 14 resale transactions in 2011 so we continue to trend up year by year.
The final developer release of cabin sites continues to be another huge success with over 42 of the 58 sites being spoken for to date. No doubt, this is a reflection of the ongoing demand for the overall lifestyle and amenities that Martis Camp offers families year round.
I expect that this winter we will see an increase again in resale activity as the inventory for the new cabin release that the developer has is dwindling and many of the available properties closer to the amenities under the $850K price range are resales (of the current 24 active resales, there are 6 under $850K) . We may also see some more new developer inventory hitting the market in the next few months.
Furthermore, TMRRE has several attractive listings for Martis Camp properties. For example, an elegant and secluded grand estate on Olana Drive is located in the heart of Martis Camp and it’s unlike anything else you will find in this community (photo above). Its design which has a cozy rustic feel is complemented by a European style. For more information about this property, click here.
TMRRE’s strong ongoing mutual relationship with the Martis Camp team has been invaluable in finding the best balance and right property for our clients, whether it is a developer site, resale site, or custom home.
In other areas, some recent notable transactions/developments include:
Northstar Village:
Contingent: Catamount 8204 2 BR/2.5 BA (short sale) list price $780,000 (TMR)
Contingent: Big Horn 7307 2 BR/2.5 BA list price $859,000 (TMR)
Reduced: Great Bear 4201 4 BR/4.5 BA to $1,899,000 (TMR)
Martis Camp resales:
Sold: Lot 185 for $741K (TMR)
Sold: Lot 95 for $640K (TMR)
Old Greenwood:
Just listed: 12466 Caleb Drive 4 BR/4.5 BA home (short sale) $879,000
Sold: Villa #4 3 BR/3.5 BA townhome (short sale) $675K (TMR)
Sold: Villa #7 3 BR/3.5 BA townhome $745K (TMR)
Gray’s Crossing:
Contingent: 11022 Meek Court 4 BR/4.5 BA home (short sale) list price $1,100,000

Tuesday, November 13, 2012

Northstar's opening day is tomorrow!

Northstar opens tomorrow!

All the buzz around town is about Northstar’s early opening tomorrow, originally scheduled for Friday.  And it isn’t just about getting out to ski on one run that is barely covered in snow…Northstar is opening a lot of terrain! Four lifts will be spinning (Big Springs, Arrow, Vista and Big Easy) with access to ski or ride on 6+ runs. All this thanks to Mother Nature’s cold temps and Northstar’s unsurpassed snowmaking team.

Normally at this time the Village scene is usually consistent with what you would expect from a sleepy week in November. Today, the Village has been transformed into a bustling whirlwind of preparation for opening and people rushing to pick up their season passes. If you can’t make it to buy your pass before tomorrow, never fear.  You can purchase a lift ticket for opening weekend and the Season Pass office will credit it towards the purchase of your season pass. Go to for more details.

There is some great energy here, make sure you come check it out! Hope to see you on the slopes tomorrow or this weekend enjoying the regions best conditions.

Thursday, November 8, 2012

Huge reduction on Great Bear Lodge at Northstar

Here is a dont-miss property!
There has just been a huge $100K reduction on the only 4 BR available in the exclusive Great Bear Lodge in the heart of the Northstar Village! Seller is motivated. This luxury 2,780 sf residence is in like-new condition and has never been rented. Ready to move in now prior to the ski season! The central and convenient location in Great Bear is perfect for skiers and non-skiers alike. This is an end-unit so is very bright and has direct views of the stage and ice skating rink for winter and summer entertainment. Private elevator access, underground heated parking, ski storage and more. If you haven't seen this property and are in the market, make sure you take a look. The ultimate in hassle-free ownership in Northstar. For more information including photos and a floorplan, you can email me at or call 530-277-1012.