FOR IMMEDIATE RELEASE

Contact:
Amelia Richmond
Squaw Valley | Alpine Meadows
(530) 452-7111 or
arichmond@squaw.com

 

Melissa Brouse
Squaw Valley | Alpine Meadows
(530) 452-7105 or mbrouse@squaw.com

 

Squaw Valley and Alpine Meadows Offer Season Passholders Free Skiing and Riding at Sugar Bowl for 2014-15 Winter Season

Squaw Valley/Alpine Meadows passholders will now be able to ski and ride at Sugar Bowl Resort in addition to Sierra-at-Tahoe and the eight Mountain Collective resorts

[Olympic Valley and Alpine Meadows, Calif.] March 7, 2014 – Squaw Valley and Alpine Meadows have partnered with Sugar Bowl to give their passholders skiing privileges at Sugar Bowl and Royal Gorge Cross Country for the 2014-15 season. The partnership represents a new era as independent resorts continue to partner to offer incredible value for their season passholders.

The new partnership with Sugar Bowl gives Squaw Valley/Alpine Meadows season passholders access to four resorts in the Lake Tahoe area: Squaw Valley, Alpine Meadows, Sierra-at-Tahoe, and now Sugar Bowl. Combined, this means skiers and riders can experience 9,650 acres, 69 lifts and 419 runs across 13 legendary Sierra Nevada mountain peaks.

Squaw Valley/Alpine Meadows Gold passholders will receive four free days at Sugar Bowl and/or Royal Gorge. Silver passholders will receive two free days. All tickets will be redeemable any day of the 2014-15 winter season except for Saturdays and during holiday periods. If tickets are used for Royal Gorge, North America’s largest cross country ski resort, cross country ski rental equipment will be included free of charge.

Sugar Bowl Resort offers 1,650 acres of exceptional skiing and riding across four mountain peaks, and averages the most annual snowfall in Tahoe at 500 inches per season. In addition to their superb beginner and intermediate terrain, Sugar Bowl offers coveted big mountain terrain and gate-accessed backcountry skiing.

“We are constantly striving to provide more value to our loyal season passholders,” said Andy Wirth, president and CEO of Squaw Valley and Alpine Meadows. “Two years ago, we added value through our partnership with Sierra-at-Tahoe and the Mountain Collective – and we’re continuing that mission now by adding access to Sugar Bowl’s incredible terrain.”

“The spirit of Sugar Bowl is very much aligned with the soul of our mountains,
continued Wirth. “We think the partnership is a terrific fit, and we know our passholders will really enjoy Sugar Bowl and Royal Gorge.”

With the new addition of Sugar Bowl, Squaw Valley/Alpine Meadows passholders now have access to a total of twelve resorts in North America. The Tahoe Super Pass will continue to offer access to Sierra-at-Tahoe, as well as to Alta, Snowbird, Aspen Snowmass, Jackson Hole, Mammoth and Whistler Blackcomb through the resort’s Mountain Collective partnership.

About Squaw Valley
Host of the 1960 Winter Olympics, Squaw Valley is internationally renowned for legendary terrain that spans 3,600 skiable acres, six peaks and 29 chairlifts, and ranges from an expansive mountaintop beginner area to unrivaled expert steeps, trees and bowls. Off the mountain, families relax in The Village at Squaw Valley around the cozy fire pits or enjoy a host of restaurants, bars, boutiques and art galleries. Guests can stay in one of The Village at Squaw Valley’s newly upgraded suites, each with a fireplace, kitchen and balcony, for the ultimate slopeside lodging experience.

About Alpine Meadows
Alpine Meadows’ seven powder bowls, summit-to-base groomed slopes, and authentic hospitality are among the many attributes that have made the resort a favorite of the local community and visitors alike. Alpine Meadows offers skiers and riders access to more than 100 trails across 2,400 skiable acres serviced by 13 lifts. With its high annual snowfall of 450 inches, the resort boasts one of Tahoe’s longest skiing and boarding seasons.

Squaw Valley and Alpine Meadows joined forces in November 2011, bringing the two ski resorts under common ownership. Skiers and riders can access 6,000 skiable acres, 42 lifts and 270+ trails at Squaw and Alpine Meadows on one lift ticket or season pass.

SnowFest is returning to North Lake Tahoe for its 34th year! Sponsored by the North Lake Tahoe Resort Association, SnowFest is ten days of fun-filled activities from February 28th to March 9th. The events are designed for people of all ages and interests. The most popular events from previous years will be repeated, and there are always new events to provide some variety. There will be snow related events, and non-snow related events, including wining and dining, races, parades theater and concerts.

This year’s theme: Bringing Back The 80s

SnowFest Event Not-to-Miss #1

Kickoff Party at Garwoods
When: Thursday, February 27th from 5-8pm
Where: Gar Woods, of course

The Complete SnowFest Event List

Thursday, February 27th
5pm  Kickoff SnowFest Party (at Gar Woods)
It’s a fundraiser and costs $25 at the door, which includes beer, wine, Wet Woodys and heavy appetizers. There will also be a substantial auction.

Friday, February 28th
6:00pm   SnowFest Queen Coronation (in Squaw Valley)
6:30pm   Laser Show & Torchlight Parde (in Squaw Valley on the mountain in the KT Base Bar area)
7:00pm   Fireworks on the mountain (in Squaw Valley near the KT Base Bar area)
7:30pm   Opening Ceremonies After Party (at Squaw Valley Plaza Bar)

Saturday, March 1st
7:00am   North Tahoe Firefighters Pancake Breakfast (at the North Tahoe Fire Station #51 on Fairway Drive in Tahoe City)
11:00am   Blue Agave’s Parade Central (at Blue Agave in Tahoe City)
11:00am   Rosie’s Parade Watching Party (at Rosie’s Cafe in Tahoe City)
11:30am   Tahoe City SnowFest Parade (downtown Tahoe City from Safeway to Save-Mart)
12:30pm   Pete n Peter’s Post Parade Party (at Pete n Peter’s in Tahoe City)
12:30pm   Paint The Bear (at North Tahoe Arts 380 North Lake Boulevard in Tahoe City)
1:00pm   Stohlgren Brothers Ice Cream Eating Contest (at the Tahoe City Fire Station)
2:30pm   Gar Woods Polar Bear Swim (on Gar Woods’ Pier, which includes complimentary appetizers)

Sunday, March 2nd
12:00pm   Tahoe City Golf Course Dog Pull (behind Bank of America)
1:00pm   Granlibakken’s Gone Bonkers Kids’ Ski Race (in Tahoe City)
3:00pm   Tahoe Mountain Man Contest (Homewood Mountain Resort in the North Lodge)
4:00pm   Sunnyside’s Annual Luau (at Sunnyside Resort)

Monday, March 3rd
4:00pm   Zano’s Godfather Pizza Challenge (at Zano’s Family Italian and Pizzeria on Donner Pass Road in Truckee)
8:00pm   Margarita Races and 80s Onesie DJ Party (Boatworks Mall in Tahoe City)
9:00pm   3rd Annual Grid Glow in the Snow (in Kings Beach)

Tuesday, March 4th
5:30pm   Meet the Squaw Rescue Dogs, our 4-legged heroes (at Tahoe City Visitors’ Center at the Y)
7:00pm   Pete n Peter’s Bar Game Olympics (at Pete n Peter’s) Pool, shuffleboard, dice and fooseball.

Wednesday, March 5th
1:00pm   Truckee River Winery Wine and Ice Competition (at Truckee River Winery Tasting Room)
6:00pm   Girls Night Out “Bunco Bash” (at North Tahoe Event Center in Kings Beach)

Thursday, March 6th
6:00pm   Unofficial Thursday Grand Prize Giveaway (at Hacienda in the Boatworks Mall, Tahoe City)
9:00pm   The Grid 80s Glow  (in Kings Beach)

Friday, March 7th
Mid-day   6th Annual Bridgetender Rib Fest

Saturday, March 8th
9:00am   Rahlves Banzai Tour (at Alpine Meadows)
10:00am   Dress Up Your Dog Contest (at North Tahoe Event Center in Kings Beach)
11:30am   Kings Beach SnowFest Parade (in downtown Kings Beach)
12:00pm   The Grid’s Floating 80s Parade Party (in Kings Beach)
12:30pm   Caliente After Parade Party and Raffle (in Kings Beach)
1:00pm   Snow What? Snow Building Contest (at Kings Beach Library)
2:00pm   Hacienda Tortilla Toss (Boatworks Mall in Tahoe City)
6:00pm   Lunafest Film, Food and Wine (at Olympic Village Lodge in Olympic Valley)
9:00pm   Lakeside’s Pink Party (in Tahoe City behind Safeway)

Sunday, March 9th
Rahlves’ Banzai Tour (at Alpine Meadows)
8:30am   Arctic Paddle Race (at Waterman’s Landing in Carnelian Bay)
12:00pm   River Ranch Snow Sculpture Contest (corner of Hwy 89 & Alpine Meadows Rd)
1:00pm   Tahoe Donner Ididarun (at Tahoe Donner Downhill Ski Area)
8:00pm   Fine n Funky Fashion Show (at Hacienda in the Boatworks Mall in Tahoe City)

This year is ending on a high note with some very good news for REALTORS® and California homeowners and home buyers as I informed you earlier.  Good news bears repeating, so let me recap the good news again.

Late last month, the Federal Housing Finance Agency (FHFA) announced it will keep the 2014 maximum conforming loan limits for mortgages acquired by Fannie Mae and Freddie Mac at $417,000 on one-unit properties in most areas and a cap of $625,500 in high-cost areas.  C.A.R. applauds the FHFA for acting lawfully in making the only decision they could by retaining the existing Fannie Mae and Freddie Mac conforming loan limits.  Retaining the higher loan limits is critical to providing liquidity in today’s housing market and is essential to a full housing recovery.  Earlier this year, the FHFA announced its intention of lowering the loan limits.  Since then, C.A.R. and the NATIONAL ASSOCIATION OF REALTORS® (NAR) aggressively fought to prevent a reduction in the loan limits.  C.A.R. and NAR both have long advocated for retaining the higher conforming loan limits, and as a result of our combined efforts, Congress kept permanent the maximum conforming loan limits at $625,500.

On a related note, in early December, the Federal Housing Administration (FHA) announced it was reducing the loan limit for FHA-insured loans from $729,750 to $625,500 beginning Jan. 1, 2014.  As part of the Housing and Economic Recovery Act (HERA) of 2008, loan limits for high-cost areas were temporarily raised to $729,750, which C.A.R. and NAR lobbied to maintain.   In connection with the loan limit reduction, FHA also reset its metropolitan statistical area (MSA) median home prices used to calculate loan limits.   Since 2008, FHA has based its MSA median home prices on the highest median home price for a county over time (which for many counties has meant 2007 home prices, when prices were at a peak).  According to FHA’s announcement, FHA believes it must use 2008 price levels.  If an area’s median home price has increased since 2008, FHA will use the higher median price.  However, home prices in many areas are still below 2007 levels, which have resulted in the drastic reduction of FHA’s MSA median prices.  In California, it has resulted in reductions of an average of more than $100,000 statewide.

This is an unprecedented action by FHA.  FHA has historically held an area harmless when that area’s median home price declined.  While FHA was required to lower maximum loan limits and reduce high-cost area calculation beginning January 1, 2014, C.A.R. does not believe it was required to reset MSA median home prices.  C.A.R. is working with NAR to fight the resetting of MSA median home prices.  View FHA’s announcement and the new FHA median home prices.

California homeowners who lost their home in a short sale will not be subject to federal or state income tax liability on debt forgiveness “phantom income” they never received, thanks to recent clarifications by the Internal Revenue Service (IRS) and California Franchise Tax Board (FTB).  In November, in a letter to California Sen. Barbara Boxer, the Internal Revenue Service (IRS) recognized that the debt written off in a short sale does not constitute recourse debt under California law, and thus does not create so-called “cancellation of debt” income to the underwater home seller for federal income tax purposes.  Following the IRS’s clarification, C.A.R. sought a similar ruling by the California FTB, with the help of the Board of Equalization (BOE).   Now with the FTB’s clarification, underwater home sellers also are assured that they are not subject to state income tax liability, rescuing tens of thousands of distressed home sellers from California tax liability for debt written off by lenders in short sales.  We thank Sen. Boxer and BOE member George Runner for their leadership in obtaining this guidance from the IRS and FTB.  Distressed California homeowners can now avoid foreclosure or bankruptcy and can opt for a short sale instead, without incurring federal and state tax liability, even after the Mortgage Forgiveness Debt Relief Act of 2007 expires at the end of this year.

While C.A.R. will not be pursuing SB 30 on the phantom income/debt forgiveness short sale issue, it will explore whether state and/or federal legislation is necessary in connection with loan modifications and certain foreclosure actions.  Thanks very much to the thousands of REALTORS® who fought for their clients by responding to C.A.R.’s Red Alert on SB 30.

Lastly, C.A.R. recently has held a number of high profile events to help educate and keep you at the top of your game.  Under our Thought Leadership program, which helps C.A.R. position itself as a leading housing organization, we convened an executive roundtable with four leading economists and finance experts to share their insights on market conditions, the financial recovery, mortgage finance, and other housing policy issues.  C.A.R. CEO Joel Singer was joined by Professors Janice Eberly, Edward Leamer, David Min, and Richard Green for this private event, and the resulting executive report, “The Future of Housing Finance: Economic and Policy Insights,” is available here. 

C.A.R. also gathered some of the brightest minds in real estate for a one-day symposium last month that featured cutting-edge real estate and economic presentations from leading experts in the field.  Titled, “Real Estate Voices—The Past, Present and Future of the Real Estate Industry,” the event represented a variety of related disciplines, with 18 presenters providing their insights on the future of the housing market, banking, mortgage finance, the economy, demographics, and more.  The fast-paced, “TED Talk-styled” event provided an opportunity for a thought-provoking exchange of ideas and information.  Obtain event materials and view videos of the presentations.

Before I close, I want to tell you how excited I am to serve as your President in 2014.  I hope you will join me and get involved with C.A.R. next year.  I look forward to working with you!

Have a very safe and joyous holiday and a Happy New Year.

Sincerely,
Kevin Brown
Kevin Brown
2014 President
CALIFORNIA ASSOCIATION OF REALTORS®

Chase ‘N Around Lake Tahoe December 2013

 
Chase ‘N Around Lake Tahoe
December 2013
 

In This Issue
 

Area Real Estate Market Statistics

Real Estate Articles and Information 

Luxury California Property For Sale

Luxury Nevada Property For Sale

Recent Sold Property Ca or Nv 

Tahoe/Truckee, Incline Village Nv. Events

Property and Neighborhood  Videos 

The Market has received a boost from all cash buyers…

lighted-jacuzzi.jpg
The number of people who bought existing U.S. homes in November declined for the third straight month. Higher mortgage rates have made home-buying more expensive, while the lingering effect of the October government shutdown might have deterred some sales. Still, the Realtors’ group predicts that total sales this year will be 5.1 million. That would be the strongest since 2007, when the housing bubble burst. But it’s still below the 5.5 million generally associated with healthy housing markets.

Read More Here

Tahoe Sales Surge: duplex penthouse sells for $5 million


   

In another sign of a resurgent high-end real estate market around Lake Tahoe, a $5 million duplex penthouse at The Ritz-Carlton Residences, Lake Tahoe, has been sold to an unnamed buyer.

The sale of the 3,407-square-foot penthouse – featuring four bedrooms, three and a half bathrooms, a theater and spectacular views of Northstar Mountain and the surrounding area from an altitude of about 7,000 feet

By Mark Glover Sac Bee

Hollywood’s Ski Getaways:
Luxe Real Estate in Peak Markets Aspen Co and Tahoe Ca and Nv

 

Don Henley’s former estate is part of a $27.5 million spread in Colorado, while Larry Ellison’s massive compound takes shape in Nevada and California — with nary a bear rug in site.

Modern design is going straight to the top of some of the country’s hottest ski resort towns, where right-angled contemporary homes — with plenty of out-there amenities — are keeping company with traditional-style cabins.

The Sun N Sand Motel  

Rare commercial opportunity. Create your legacy with this Lakefront motel on the North Shore of Lake Tahoe. 75′ of sandy beach and lake frontage. Panoramic lake views with 26 rooms and a management suite.  
Offered for $3,500,000


Featured Luxury Property

Prestigious Fleur du Lac Estates
 


Privacy yet steps from fabulous clubhouse, yacht club, your own protected boat slip, tennis court, pool, gym, bocce court! Level property of 22 spacious and gated condominiums with on-site security/office. Private patio with BBQ, large great room with living area, pool table, dining area, kitchen; separate bar room; wood burning fireplace & gas fireplaces. Bring your sports equipment, ride bikes out the gate. Take your boat to lunch at west and north shore restaurants; have a picnic in Emerald Bay. Concierge services at your phone call. Lovely landscaping, updated clubhouse with owner cabinets, beautiful catering kitchen (original historic building on property). Property’s claim to fame is film location for parts of Godfather II

 


Featured Luxury Nevada

Summertide, Crystal Bay

Once owned by billionaire Howard Hughes, Summertime, his Crystal Bay, Nev., estate, has only been owned by one other owner since Hughes. The 2,518-square-foot main house has five bedrooms and four bathrooms , while a 1,343-square-foot guesthouse offers extra living space for visitors.

 

Featured SOLD Property


A True “Tahoe” Cabin, Carnelian Bay Ca 

  

3 bedrooms, 2 baths, lake view deck, buoy and shared pier with lift.      Sold for $2,487,500

    

Holidays in Tahoe

Dec 21st kicks of the Winter Season!

Here are events into the New Year 2014!

 

VIDEOS

7170 N Lake Blvd Lakefront Ski Lodge in Tahoe Vista Ca North Shore Lake Tahoe Trinkie Watson

7170 N Lake Blvd Lakefront Ski Lodge in Tahoe Vista North Shore Lake Tahoe CA

 

 

 

Trinkie Watson, CIPS CLHMS

Luxury Lake Tahoe Broker

530 582 0722  800 783 0722

CA #00326518   NV #001022  
TrinkieWatson.com 

Stay Connected

Like me on Facebook   Follow me on Twitter   View my profile on LinkedIn   Find me on Pinterest

This Information Deemed Reliable But Not Guaranteed. Please, Do Not Consider This A Solicitation.

Copyright © 2013. All Rights Reserved.

The healthiest housing markets are in California and other areas in the western United States.

The top five markets with the healthiest index readings were San Jose (Index of 9), San Francisco (8.9), Los Angeles (8.6), San Diego (8.4), and Denver (8.1). The next five markets were Boston, Pittsburgh, Portland, New York, and Sacramento.

The study reveals home values in the leading market, San Jose, have increased 19.6 percent compared to one year ago, with a median selling price of $731,500. Home values in San Francisco, the second healthiest market, actually increased 24.1 percent.

Zillow’s chief economist Dr. Stan Humphries explained the benefits of the robust situation in these areas, and added a bit of caution: “Rapid home value appreciation in the West, particularly California, is currently having a very positive effect on a number of other factors, including negative equity, foreclosure activity, and the overall financial health of local homeowners. But that same rapid

appreciation may cause affordability issues in the future in these markets, leading to potentially unhealthy conditions,” he said.

“The housing market is complex, and while individual statistics can be useful in describing a single aspect of a given market, one number on its own can’t tell the full story,” Humphries continued. “As markets continue to evolve and recover, the Market Health Index will reflect these changing trends, offering consumers a valuable tool on which to base their decisions.”

Zillow’s Market Health Index measures different metrics on a scale from 0 to 10. Its purpose is to illustrate the current health of a region’s housing market compared to similar markets nationwide. It is calculated monthly to compare market trends by ZIP code, neighborhood, city, county, metro, and state levels. The findings include all single-family residences, condominiums and cooperatives.

Among the 10 categories Zillow measures are:

  • Changes in home values
  • How long homes stay on the market
  • Foreclosures
  • Delinquencies
  • Negative equity

A low Market Health Index score does not necessarily mean a market is performing poorly across all categories, but simply that other markets are performing a bit better in terms of increasing home values or fewer foreclosures.

 

Chase ‘N Around Lake Tahoe November Monthly E-Newsletter

 
Chase ‘N Around Lake Tahoe
November 2013
 

In This Issue
 

Area Real Estate Market Statistics

Real Estate Articles and Information 

Luxury California Property For Sale

Luxury Nevada Property For Sale

Recent Sold Property Ca or Nv 

Tahoe/Truckee, Incline Village Nv. Events

Property and Neighborhood  Videos 

California Housing Market Is Expected to Be Up in 2014
With the value of discounted properties continue to appreciate, investors are paring their purchases of distressed homes as their profit margin narrows.  As investors take a step back, inventory will likely improve slightly in the upcoming year.  Meanwhile, the increase in home prices will also encourage more homeowners to put their houses up for sale. The housing supply will grow and should gradually climb back from under three months in 2013 to about four months in 2014.

Read More Here

5 Reasons to Sell before Spring


  Many sellers feel that the spring is the best time to place their home on the market as buyer demand increases at that time of year. However, the fall and winter have their own advantages. Here are five reasons to sell now. 
By KCM blog


Million Dollar Housing Markets

Home sales of $5 million or more are common in these wealthy zip codes across the United States. Surprisingly enough Lake Tahoe zip codes did not make the list

River Ranch is For Sale!

One of Lake Tahoe’s older properties is up for sale for the first time in more than 40 years. The River Ranch hotel and restaurant/bar located on the Truckee River at the base of Alpine Meadows Road! The two-acre property encompasses a 19-room lodge, restaurant and bar with a total of 12,500 square feet.

The asking price is $5 million.


Featured Luxury Property

Just Reduced! Panoramic Lake Views in Carnelian Bay Lake Tahoe
 


Fabulous panoramic Lake Tahoe views from the private deck and expansive windows. Having an abundance of natural light, this home is warm and inviting. Designed for large or small gatherings, offering the main living area, master suite & additional bedroom at street level. An additional 3 bedrooms; en suite on lower level. A remodeled kitchen, enormous workshop and additional unfinished room add to the versitile use of this property. Centrally located in Carnelian Bay just minutes from Tahoe City and Kings Beach. 


Featured Luxury Nevada

Elusive Elements Meet    

Located on almost 3/4 of an acre, with lake views, privacy, and the 6th green of the Incline Village championship golf course in your backyard. Elegant luxury living amongst 5900 sq ft. with custom stone and woodwork throughout. Amenities include Hydronic heating, sauna, 3 decks, 3 fireplaces and a seasonal creek.  Room to grow with 6 bedrooms, 6 baths and a 5 car garage.

 

Featured SOLD Property


Tahoe Donner, Close to X-Country 

   

 

3 bedrooms, 2 baths, bonus room, 2 car garage

Sold for $490,000

 

   

Thanksgiving Feast!
Tahoe Donner
Join us from 2-7:30 p.m. on Thursday, Nov. 28, for our special Thanksgiving holiday meal tahoedonner.com

Northstar California
3:00 – 8:00 p.m. Come enjoy a bountiful Thanksgiving Day Buffet at Tavern 6330′

11:00 am – 5:30 pm Gather with family and friends and create new holiday memories over Thanksgiving Dinner.

Tahoe City
3pm-8pm Enjoy sweeping views of Tahoe and leave the cooking and cleaning to Jake’s at the Lake & Chef Yorkey

 

November 30th

Light up the Night at Tahoe Donner


Santa and holiday activities at the annual Tahoe Donner Light Up the Night event

tahoedonner.com

December 5th & 6th



Noel Nights at Northstar California

Noel Nights taking place the first 3 Thursdays of December from 5:00 – 8:00 p.m. The Village at Northstar will be festive winter wonderland with a decorated 35-foot tree, ice skating until 9 p.m., fire pits to warm you, holiday carolers, shopping deals, and much more!

northstarcalifornia.com


Please join Santa and Mrs. Claus for the annual Holiday Tree Lighting Ceremony. Enjoy a cookie swap, photos with Santa, complimentary soup and cocoa, arts and crafts stations and Friends of Kings Beach Library book sale!

Opening Day!  Are you ready?!

Mammoth Mountain Ski Area – OPEN
Heavenly Mountain Resort – OPEN
Boreal Mountain Resort – OPEN
 Northstar California – OPEN

Squaw Valley USA – Nov 27th
Sugar Bowl Ski Area – November 27th
Tahoe Donner Ski Area – Dec 13th
Alpine Meadows Ski Resort – Dec 13th
Kirkwood Mountain Resort -Soon

VIDEOS!

Lake Tahoe Luxury Estates Trinkie Watson

Lake Tahoe Luxury Estates Trinkie Watson

 

 

Trinkie Watson, CIPS CLHMS

Luxury Lake Tahoe Broker

530 582 0722  800 783 0722

CA #00326518   NV #001022  
TrinkieWatson.com 

Stay Connected

Like me on Facebook   Follow me on Twitter   View my profile on LinkedIn   Find me on Pinterest

This Information Deemed Reliable But Not Guaranteed. Please, Do Not Consider This A Solicitation.

Copyright © 2013. All Rights Reserved.

Price Reduced in Alpine Meadows, CA! $309,000 1640 Upper Bench

I wanted to share with you an exciting announcement that is being released this morning regarding Squaw and Alpine’s participation in The Mountain Collective. See the release below and the link to a video describing this new pass: http://www.themountaincollective.com/

This is a new pass that includes Alta; Aspen/Snowmass; Jackson Hole; and Squaw Valley/Alpine Meadows. I know that you will help us spread the word about this new product that offers passionate skiers and riders four of the premier resorts in the U.S.

Starting with my original conversation with Aspen’s CEO, Mike Kaplan at Aspen this past winter, the evolution of this product, like all of the mountains involved, has been remarkable. Supported by extensive guest research, analysis and our collective passion for the mountains, this portfolio of mountains, represents without question the resorts customers in North America and around the world dream about. I’ve already received an inquiry from some friends of ours involved in the ski business over in China, so it’s clear that the message and interest is resonating at a global level.

We’re proud to continue leading and the advancing of Squaw Valley and Alpine Meadows on the North American and the world stage!

Best regards,

Andy

Andrew D Wirth

Interim Chairman

Lake Tahoe Winter Games Exploratory Committee Board of Directors

– – –

President and Chief Executive Officer

Squaw Valley Ski Holdings LLC

Alpine Meadows & Squaw Valley

530.584.6210

Post Office Box 2007 | Olympic Valley, California 96146

For Luxury Real-Estate, the ‘Year of Capitulation’

By: Robert Frank
CNBC Reporter & Editor

Carpinteria, California mansion
Source: luxuryportfolio.com

Once for sale at more than $22 million, a California beachfront compound with a guest villa, tennis court and swimming pool is going for $14.9 million.
Even the rich aren’t immune to the pressures of the housing market.

Prices for homes priced at $1 million or more have fallen a 20 percent this year, according to RealtyTrac. The average sale price for top-tier real estate has fallen to just over $2 million, from $2.5 million in 2011.

Those prices cuts stand in stark contrast to the broader housing market, which is seeing early signs of price stability and even price increases for the first time in years.

All that price-chopping at the top, however, has sparked a wave of sales as buyers scoop up deals and sellers accept the new reality of lower prices.

The number of transactions for homes priced at $1 million or more has jumped 18 percent this year, one of the strongest increases since 2008, according to Realtytrac.

Brokers for luxury real estate are already calling 2012 the “The Year of Capitulation” for wealthy sellers.

Robert Frank
Robert Frank
CNBC Reporter
& Editor

“I think sellers are now resigned to today’s prices and what’s actually selling,” said Paul Boomsma of the Luxury Portfolio, a marketing group for luxury homes. “ People who are serious about selling are ready to make a deal now, where maybe they weren’t a year ago.”

There are several factors behind the price drops. The high end of the market didn’t fall as much or as early as the broader market, since there weren’t as many distressed sellers that were forced to sell. Those wealthier sellers have hung on to their properties, waiting for prices to approach 2008 levels.

Now that they see that the prices of 2008 aren’t likely to return anytime soon, many are deciding to drop their prices just to get a deal. The increase in sales has itself spurred sales, as wealthy sellers see a larger number homes in their neighborhoods trading at lower prices.

“There is now a critical mass of data so sellers can say, ‘Well, this is the new reality,’” Boomsma said.

Of course, bargains are all relative in the mega-mansion market. And homes priced at $1 million or more represent a tiny slice of the overall market, with high concentrations in New York and California.

Yet some mega-mansions have seen price cuts of 30 percent or more in recent months.

A private beachfront-compound in Carpinteria Calif., has sliced $7.2 million from its price tag and is now being offered for $14.9 million, according to Luxury Portfolio. The property includes a six-bedroom main house, guest villa, tennis court, swimming pool, spa and 95 feet of beach frontage.

A historic estate in the horse country of Bedford, N.Y. has been reduced by $3.5 million. The estate was built for the Harriman family in the early 1900s and features an equestrian center and 100 acres of gardens, ponds and rolling hills. The new sale price: $26.5 million.

South Florida has seen a huge boost in luxury home sales driven by buyers from Latin America. But prices are falling there as well. An oceanfront palace in Delray Beach, with 15,000 square feet of living space, has been reduced by $4.4 million and is now available for $19.5 million.

“These sellers are capitulating,” said Daren Blumquist, vice president of RealtyTrac. “They are pricing to get these properties sold.”

Blumquist said many sellers may also be motivated to do a deal this year in anticipation of possible tax changes in 2012. If the Bush tax cuts expire, capital gains rates could rise from 15 percent to more than 20 percent. That added tax bill can grow to the millions of dollars when selling a mega-mansion.

“Election years bring uncertainty, so they might want to close a deal now,” he said.

-By CNBC’s Robert Frank
Follow Robert Frank on Twitter: @robtfrank

Big money. Big deals. Watch CNBC’s exclusive access to the Secret Lives of the Super Rich: Mega-Homes.
© 2012 CNBC.com

MORTGAGE BOND/RATE ALERT!
Mortgage bonds are down big within the last 45 minutes. We are LOCKING all in progress or floating clients immediately. This is a heads up that this is significant enough that we WILL see mid-day rates sheets re-price for the worse, across the board. Rates tomorrow should again be higher.

Moreover, this is primarily happening because of two things: 1) European Central Bank announcing plans to purchase debt in Spain & Italy (really only a short term solution), and 2) Fed Chairman Bernanke & indications he’s giving as to whether or not the Fed will do a 3rd round of Quantitative Easing (QE3).

See the live snapshot of conforming mortgages bond chart attached (last 3 months). Reminder that higher bond prices = lower rates, and vice versa. As you can see, today is a significant drop. Estimating rates could be ~.25% – .375% higher tomorrow morning, depending on how the rest of the day shapes up.

Odette Mortgage-Ephraim Schwartz

Now May Be Best Time To Buy A House In Two Decades
Purchasing a home may be more affordable now than it has been in more than 20 years. Almost 78% of homes sold during the first quarter of 2012 were affordable to people earning the U.S. median income of $65,000, according to a report released Wednesday by the National Association of Home Builders and Wells Fargo. Home prices nationwide have fallen about 36% from their peak, while median income has risen by about 10%. At the same time, mortgage rates are below 4%. There is one catch for home buyers, however: mortgage availability. Lending conditions are still tight. Without this significant issue, the housing and economic recovery could be proceeding at a much stronger pace. Indianapolis was the most reasonably priced housing market in the U.S. In fact, 96% of all homes sold in the metro area could be easily afforded by the typical family, according to the report. Wages in Indianapolis are reasonably high with the median family income at $66,900, about $2,000 above the national median. Meanwhile, the median price for homes sold there during the first three months of 2012 was $102,000. Other major markets that ranked high on the most affordable list included Dayton, Ohio, where 94% of homes sold could be purchased by a typical family; Lakeland, Fla., with a 93% affordability score and Modesto, Calif. at 93%. In contrast, New York City’s housing market was ranked as quite expensive, where only 31% of homes sold were affordable to median income families, who earned $69,200. The median home price in the metro area was a whopping $400,000. Other least affordable large markets included San Francisco (40%), Honolulu (48%), and Los Angeles (50%).
http://money.cnn.com/2012/05/17/real_estate/affordable-home/index.htm?iid=SF_E_R
iver

 

 

Brian Sly

President

Brian Sly and Company, Inc.

Registered Investment Advisor and Consulting Corporation

Please click on the below link to access the resort sales stats

Western Mountain Resort Alliance 1st Quarter stats for 2012

The Western Mountain Resort Alliance is composed of boards of REALTORS® of destination ski resorts in the Mountain West. The alliance was formed in January of 1996 at a meeting in Vail, CO with the presidents of the various boards or REALTORS® attending. At this meeting, the various presidents discussed and came to the realization that geographic boundaries were no longer as important as the common bond that we share as resort REALTORS®.

Demand for Lake Tahoe Homes under $500k up!

Homes at Lake Tahoe are becoming more affordable for the first-time home buyer for the first time since 2001, but it’s unlikely to last long.

Homes in the lower-priced segment of the Tahoe market are in demand, a first-quarter existing homes sales report by Chase International shows.

“Lakewide, the units in single-family homes are up by 15 percent from the same time last year,” said Sue Lowe, senior vice president and corporate broker for Chase International. “We are just seeing little to no inventory in homes under $500,000 around most of the lake.”

 

 

Click this link to read the full article in the Reno Gazette Journal.

http://www.rgj.com/article/20120429/BIZ02/304290014/Real-Estate-Demand-up-Lake-Tahoe-homes-under-500K?odyssey=mod%7Cnewswell%7Ctext%7CBusiness%7Cp&nclick_check=1

Luxury Housing Markets Heat Up

Luxury Housing Markets Heat Up

April 13, 2012

While many markets continue to languish with more price declines and  so-so sales, one real estate sector is red hot, and you might be  surprised at which one it is.

Even with the economy just starting  to pull out of the doldrums, the luxury market has come roaring back in  recent months according to experts, and that could signal good things  ahead for U.S. real estate.

“There is very little inventory,  which is driving a lot of activity,” says Richard Smith, president and  CEO of Realogy Corp., a global provider of real estate and relocation  services. “You’re getting multiple offers and quick sells. It’s not  uncommon in New York City to see a co-op or an apartment go on the  market and two days later it’s gotten 10 offers and it’s sold. That’s  becoming pretty typical of New York City.”

[See today’s best photos.]

Other  high-end markets in Boston, Greenwich, Conn., the Hamptons, and Miami,  Fla., are seeing increased activity as well, Smith says.

Even  far from the hustle and bustle of major city centers, real estate  watchers have seen luxury markets heat up. In Bozeman, Mont., ERA broker  owner Robyn Erlenbush has already seen the same number of closings and  pending sales three months into 2012 as she did halfway through 2011.

“There’s great energy in our market,” she says.

Why  are buyers suddenly scooping up more high-value properties? Lack of  selection does play a role, but sellers have also become savvier when it  comes to pricing their properties. On the flip side, would-be  buyers have become more realistic about prices as well, sensing that they aren’t likely to drop much farther.

“These are  high-end buyers that have been sitting on the sidelines for long enough  and pricing is not going to get any better,” Smith says. “These are  people who are smart enough to know that you can’t really call the  bottom of the market—you can get close, but if you miss it, prices start  escalating pretty quickly.”

[Read: Michelle Obama Remains Consistently Popular.]

The  uptick in buyers plunking down mega-bucks for mega-mansions could bode  well for the broader market, Smith adds. While it’s not likely the  average Joe looking to buy a $200,000 home in Columbus, Ohio, will take  his cues from multimillionaires purchasing second homes in the Hamptons,  it could give more credence to the idea that the housing market could  be on the mend.

“If I’m in a market and I see the very  high-end buyers grabbing the headlines, it tells me that people who are  astute investors—when you’re buying a $30 million property, you’re  probably pretty astute—think things are starting to improve,” Smith  says. “Is there a bleed-over effect? Probably.”

Foreign  buyers have given some luxury housing markets such as Miami a shot in  the arm, Smith and other experts say, with healthy interest hailing from  locales as diverse as Russia, China, Canada, and Brazil.

[See the latest political cartoons.]

“We  have an influx of Russians because it’s like their winter Riviera,”  says Coldwell Banker Realtor Jill Eber, who specializes in luxury real  estate, adding that current “bargain” prices have given foreign buyers  incentive to move into the American housing market, especially popular  vacation spots such as Miami.

Her colleague, Realtor Jill  Hertzberg agrees. “Many of them are buying very big properties. You  can’t buy a single-family home in the middle of Moscow on a gorgeous  waterway,” she says.

And Hertzberg doesn’t think the  resurgence of activity in the luxury market is a flash in the pan. “I  think it’s going to sustain,” she says. “It’s definitely continuing.”

mhandley@usnews.com

Twitter: @mmhandley

 

 

Media Contact:  Katie Shaffer

                                                                                          Switchback PR + Marketing, Inc.                                                                                                                                    530-550-2252

                                                                                                katie@switchbackpr.com

 

For Immediate Release

 

Chase International Reports

Market Beginning to Rebound

~Significant Improvement seen in lower-segment of Tahoe market~

 

Zephyr Cove, Nev. (April 9, 2012) – First quarter home sales at Lake Tahoe show an improved market compared to last year’s numbers for the same period, according to a quarterly report released by Lake Tahoe-based real estate firm Chase International.  One noticeable and positive statistic was an impressive 15 percent increase in units sold around the lake, with the lower end of the market jumping 18 percent.

 

“The inventory in the lower segment of the market is disappearing around the lake,” said Susan Lowe, corporate vice president for Chase International.  “Even though the average and median price has gone down from the first quarter last year (which saw many lakefront sales during that 2011 period and which we have not seen this year), the market is showing signs of recovery because the supply is vanishing.”

The Chase International 2012 first quarter report also shows dips around the lake overall in regard to sales prices from one year ago, which is reflected by the median price of a home in Lake Tahoe which is now $317,000 and the average home price which is $623,645, down 25 percent and 31 percent respectively.

Truckeeis showing signs of recovery overall but especially for real estate sales over the $1 million mark.  Specifically, theTruckeemarket stats report a whopping 175-percent increase in units sold over $1 million from four sales at this time last year, to a notable 11 sales this year.

 

The condominium market aroundLake Tahoeexperienced declines for all segments of the Tahoe market.  The number of total condo units sold was down 18 percent.  Average prices are down 35 percent and the median price is down 7 percent.

 

 

Headquartered in Lake Tahoe, Nevada since 1986, with eight offices in the region (Zephyr Cove, Glenbrook, Incline Village, Tahoe City, Squaw Valley, Truckee, South Lake Tahoe and Reno) and one in London, England, Chase International and its exclusive affiliations handles a large share of the country’s property. A recognized leader in the world of real estate, Chase International continues to grow.  With 240 professional Realtors® boasting an array of industry certifications and the highest volume per sales agent in the area, Chase International successfully represents homes at all price levels.  For more information about Chase International, visit www.chaseinternational.com.

 

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Click Here for the 2012 1st Quarter Stats for Squaw Valley

Click Here for the 2012 1st Quarter Stats for Truckee 

2012 1st Quarter Sold Stats for All Areas Around Lake Tahoe

Click Here for the 2011 Top Company Comparison charts

BREAKING: BOREAL TO PURCHASE SQUAW, ALPINE; VAIL TO BUY INCLINE VILLAGE….Just read on Tahoe Quarterly; Boreal, backed by Utah-based Powdr Corp., completed an 11th-hour deal last night to assume ownership of Alpine Meadows and Squaw Valley from previous owner KSL. Buoyed by excellent snowmaking, Boreal was positioned to move in on two of the jewels of the Sierra. The deal-making wasn’t done with …Squawlpineal, though. Early this morning, Colorado-based Vail Resorts purchased the rights to Incline Village, it’s third large purchase in the Tahoe area in as many years. “Vail is pleased to bring in a town, not just a resort, where our customers can feel completely at home from day 1. This is a turnkey deal for us, no vagrant hippies to price off of our property or scare our clientele. Incline is ready to go,” according to a press release issued by the company, which already owns Heavenly, Northstar California and recently purchased Kirkwood.

Is the Housing Market Actually Recovering?

Is the Housing Market Actually Recovering?

by The KCM Crew on March 13, 2012

Everyone wants to know if the housing market is truly showing signs of a recovery. There are conflicting headlines every day. One day, we hear sales are up. The next day it is reported that prices are down. Is the real estate market coming back? The answer is ‘yes’ and ‘no’.

There are two aspects that must be evaluated: house sales and house prices. They will not recover at the same time. Sales are already increasing rather nicely while prices will still soften in many markets through 2012.

Home Sales

The National Association of Realtors (NAR) issues a Pending Home Sales Report each month. We can see by the graph below that sales have been increasing nicely over the last twelve months. Real estate professionals across the country are reporting that activity has increased compared to last year. The sales side of the recovery is starting to show great promise.

Home Prices

Many price indices have shown that national home prices are continuing to stumble. Even with demand increasing, we must look at where the supply of housing stock stands. Though ‘visible’ inventory (homes currently on the market) is shrinking, there is still a large overhang of ‘shadow’ inventory (foreclosures about to come to market as a result of the National Mortgage Settlement). This increase in inventory will outpace the increase in demand and thereby cause prices to continue to soften in many parts of the country.

Bottom Line

Housing is coming back. However, sales will come back before prices. We will not see prices appreciate until we work through the oversupply of homes on the market.

Homesites at Squaw Creek in Squaw Valley USA


Homesites at Squaw Creek was established in 1990 as a private exclusive community along the South side of Squaw Valley. There are 48 residential parcels, 12 of which front the Robert Trent Jones Jr. designed 18 hole golf course. This subdivision has ski area and mountain views. Resort at Squaw Creek amenities are available too. A great place to invest. There is currently only one property available in this subdivision.

Offered at $2,350,000

Grand Opening Today! Village at Squaw Valley from 3 – 7 pm

A Private Gated Community in Squaw Valley USA~Hidden Lake

Hidden Lake Subdivision in Squaw Valley USA

Hidden Lake is a planned private gated community established in 1988. Enjoy views ofSquaw Valley ski area along with southern exposure. Community offers private roads, a spring fed “HiddenLake”, and 2 tennis courts. In the winter months the lake freezes due to being only 6-8 ft deep. HiddenLake has 35 parcels with two additional parcels annexed into the community. Currently there is only 1 active listing in the subdivision.

Creekside Estates Squaw Valley USA EST. 2004.

A private community. East end of Squaw ValleyUSAand is bordered by Squaw Creek. There are 24 residential parcels in which there are 4 listed single family properties for sale ranging from $2,450,000 – $3,900,000 and only 1 lot for sale at $395,000.

The Village at Squaw Valley opened with its first phase in February of 2002 and second phase in December of 2003. The Village consists of approximately 300 one, two and three bedroom condominium suites, six restaurants, 20 retail shops and a full service spa. It offers slope side condominium suites located next to the world renowned Squaw Valley USA Ski Resort. Condos are available for purchase and rental. Let us know if you would like more information.

Snow Gods Ball Squaw Valley USA

Snow Gods Ball. Saturday, December 17 Put on your best retro outfit and get your party on. Proceeds from the Snow Gods Ball goes to the Avalanche Education Fund. You’ll not only be having a good time, you’ll be supporting a good cause. Tickets are $15 in advance or $20 at the door. Come on out and dance to live music by Love Fool. Squaw Valley!

California has a 7.4% Home Sales Increase

Home Sales Increase Across the Country

The National Association of Realtors recently released their 2011 3rd Quarter Housing Report. In the report, they showed that combined sales of single family homes, condos and co-ops increased in EVERY state as compared to the 3rd quarter of last year. Here are the state-by-state numbers. 

The next time someone says houses aren’t selling, ask them which state they live in and show them the chart.

The NEW Tahoe Super Pass gives you access to Squaw Valley and Alpine Meadows

Introducing the all new Tahoe Super Pass, the ultimate dual mountain Tahoe pass that provides access to some of the most remarkable, expansive terrain in all of North America. Starting at just $439, The Tahoe Super Pass is good at Squaw Valley and Alpine Meadows, providing access to over 6,000 acres, spread across eight Sierra Nevada mountain peaks.

These prices are only guaranteed through November 30, 2011.

Gold Silver Bronze Super Six**

Squaw Midweek
Adult 23-64 $799 $599 $439 $399 $379
Young Adult 13-22 $529 $409 $349 $299
Child 5-12 $199 $149
Senior 65-75 $529 $409 $349 $299
Super Senior 76+ $199 $149
College* $349
Blackout Dates None Dec. 26-31, 2011
Jan. 14-15, 2012
Feb. 18-19, 2012
Dec. 26-31, 2011
Jan. 14-15, 2012
Feb. 18-19,
2012
All Sat. in Jan. & Feb.
None
6 unrestricted days.
Dec. 26-31, 2011
Jan. 14-15, 2012

Feb. 18-19, 2012
Valid Mon-Fri

The age old question….Buy or Rent???

Rent or Buy? The Research Is In!!

  •  Today, we are again honored to have Ken H. Johnson, Ph.D. — Florida International University (FIU) and Editor of the Journal of Housing Research as our guest blogger. To view other research from FIU, visit http://realestate.fiu.edu/. Dr. Johnson was one of the top speakers at NAR’s Conference and Expo in Anaheim earlier this month. He is sharing his presentation with us today – The KCM Crew
Click for Presentation

Should individuals buy or rent? What is the evidence on this question? What is the present condition of the U.S. housing market? Relatively speaking, how affordable is housing today? Is the market turning around or are we headed for another dip? These and other questions are answered in the attached PowerPoint presentation.

I recently shared this information at the National Association of REALTORS® annual conference in Anaheim, CA. If you are a practitioner, the presentation should assist in your daily practice. If you are a consumer (buyer, seller, renter or landlord), the information contained within should prove to be very informative. If you are a policy maker, the presentation presents several findings that should influence current housing policy.

Please feel free to use this presentation and redistribute to others. The goal is to create an aware and thinking market place. To download the presentation, go to http://realestate.fiu.edu/buyer-or-renter-nation.html.

 

The KCM Crew: Dr. Johnson was quoted and his research highlighted in a Wall Street Journal article this past weekend: Making a New Case for Home Buying

Ready to Snow Ski or Snoboard? Many Resorts Are Already Open!

Projected Opening Dates (weather dependent):

Boreal Mountain Resort – OPEN

Northstar – November 18

Heavenly – November 18

Squaw Valley USA– November 23

Sugar Bowl Ski Resort – TBD

Mt. Rose Ski Tahoe – November 23

Kirkwood- November 25

Tahoe Cross Country – November 25

Alpine Meadows – December 10

Diamond Peak Ski Resort –December 15

Sierra-at-Tahoe – TBD

Homewood Mountain Resort – TBD

Thanksgiving 2011 Dinner Around Lake Tahoe

THANKSGIVING DINNER

Northstar. Ritz-Carlton
Lake Tahoe hosts a harvest buffet from 11 a.m. to 8 p .m. with holiday
favorites. $85 adults, $35 ages 4 to 10, free under 4. Reservations (530)
562-3000.

Olympic Valley. Squaw
Valley USA
hosts Thanksgiving dinner at High Camp from 11:30 a.m. to 3:30 p.m. $27 adults,
$17 12 and under; does not include Cable Car ticket. Reservations abarker@squaw.com.

TahoeCity. North Shore Hawaiian Grill hosts a
free traditional Thanksgiving turkey meal with all of the fixings from noon to
4 p.m. Donations accepted for Project MANA. Reservations appreciated. (530)
583-8000.

KingsBeach. The first Tahoe Community
Thanksgiving is from 1 to 5 p.m. at North
Tahoe Event
Center to bring people
together to enjoy food, fun and friendship, and the true spirit of
Thanksgiving. Volunteers needed. Bring something to share. (775) 230-1066 or www.tahoecommunitythanksgivingcelebration.blogspot.com.

InclineVillage. Lone Eagle Grille at the Hyatt
Regency offers seatings for its Thanksgiving buffet from 1 to 8 p.m. with live
music from pianists, a special kids’ buffet, and arts and crafts for kids. $70
adults, $33 ages 5 to 12, free 4 and under. Or, dine in Sierra Café from 2 to 8
p.m. with a buffet for $42 per person. Reservations (775) 886-6899.

CarnelianBay. Gar Woods hosts a special
three-course Thanksgiving dinner from 1 to 9 p.m., with the regular dinner menu
also available. $24.95 adults, $15.95 under 10. Reservations (530) 546-3366.

Alpine Meadows. River Ranch
hosts a three-course traditional Thanksgiving Dinner starting at 2 p.m. $24.95
per person. Menu at www.riverranchlodge.com. Reservations (530) 583-4264.

Tahoe Donner. The Lodge at
Tahoe Donner hosts a Thanksgiving dinner with seating from 2 to 7 p.m. $37.95,
$19.95 12 and under. Menu www.tahoedonner.com. Reservations (530) 587-9455.

TahoeCity. Jake’s On the Lake hosts a
Thanksgiving dinner from 3 to 8 p.m., as well as the regular dinner menu.
$22.95 per person. Menu at www.jakestahoe.com. Reservations (530) 583-0188.

Olympic Valley. Resort at
Squaw Creek hosts its Thanksgiving Buffet from 3 to 8 p.m. in the Grand Sierra
Ballroom. Children 12 and under diner half-price with a paying adult from 3 to
3:30 p.m. $46 adults, $26 ages 4 to 12, free 3 and under. Reservations (530)
581-6615.

TahoeCity. Dockside 700 is offering a
four-course Thanksgiving dinner. $24.95, $12.95 12 and under. Reservations by
Nov. 18 (530) 581-0303.

CrystalBay. Crystal Bay Casino hosts a
Thanksgiving Day special three-course menu at the Steak & Lobster House
from 5 to 9 p.m. The regular menu also will be available. $32, $28 10 and
under. Reservations (775) 833-6333.

 

Squaw Valley USA and Alpine Meadows Ski Area Merger is Complete!

Squaw Valley Alpine Meadows Merger is complete!

 

As we prepare to welcome more snow, cold temperatures, the completion of many of the $50 million Squaw Valley Renaissance projects and the excitement of a new season, I’m proud and genuinely thrilled to inform you that the transaction announced on September 27, 2011 uniting Squaw Valley and Alpine Meadows has been completed.

The completion of this transaction perfects our goal to afford skiers and riders access to Squaw Valley and Alpine Meadows’ 6,000 acres, 44 lifts and over 270 trails on one lift ticket or season pass. The two resorts will be connected by complimentary shuttles that will provide convenient transportation between the two resorts. So far the feedback we have received about the joining of forces has been overwhelmingly positive – and we hope you are as excited as we are about this opportunity to experience these two incredible mountains, each with their own unique spirit and character.

It is important to note that our team remains committed to supporting the unique brands and spirits of both resorts. We intend to offer an unmatched resort experience to the guests at Alpine Meadows and Squaw Valley in every way – and a large part of this will, in fact, be maintaining the distinct character of both resorts.

With the joining of Squaw and Alpine, we also recognize the increased importance of being an active and supportive member of our community. In that light, we are pledging $25,000 to the Tahoe Truckee Community Foundation’s Community House project. The money will help to secure long term space for non-profits providing critical core services for families in Kings Beach, enabling them to live with dignity and opportunity in our community.

Finally, the closing also marks the 14 day countdown for skiers and riders to purchase a Tahoe Super Pass at the current reduced rates. Through November 30, starting at just $439, the Tahoe Super Pass is the first pass in ski resort history to offer season-long, interchangeable access to both Squaw Valley and Alpine Meadows. The all new Tahoe Super Six is also available for $399 for adults and provides six unrestricted days of skiing and riding at both resorts for the 2011-12 season. Both the Tahoe Super Pass and the Tahoe Super Six are on sale now and additional information can be found at www.squaw.com or by contacting Squaw Valley at 1-800-403-0206. Purchase by November 30th before prices go up.

On behalf of the proud members of the Alpine Meadows and Squaw Valley teams, thank you for your support and interest in our mountains. We look forward to welcoming you this season.

Warm but snow-filled regards,

Andy Wirth
President & CEO
Squaw Valley Ski Holdings LLC

www.squaw.com

www.skialpine.com