2017 Lake Tahoe/Truckee Region Winter Season Fun Facts!

2017 Lake Tahoe/Truckee Region Winter Season Fun Facts!

img_5558

This year we broke a 95 year old record! This record is for the most rainfall in one year. Our area has recorded 89.7 inches for the year which breaks the record from 1982-83 season of 88.5 inches!

lake

Lake Tahoe water level is projected to record the largest single-year rise in history! Once the snow melts, the water level is expected to rise 6 1/2 feet to its legal limit of 6,229.1 feet above sea level. The record from 1995 was a 6 foot rise in water level. Current lake elevation = 6,220 + Current gage height. USGS Current Levels

squaw

Squaw Valley also set a record in January 2017 for the most snow in one month. A grand total of 282” of snow which is over 400% of its average for January snowfall. March 2011 was the record surpassed, the one month total of 202”.

acms

Mixed feelings about the Truckee Tahoe Unified School District having to cancelled school 12 days this year due to snow! The students and faculty had 10 snow days in January! TTUSD’s snow day record dates back to the 80’s for having the most cancelled school days due to snow in one year.

snow removal

A report from the Central Sierra Snow Lab on Donner Summit said that it received 100% of its annual average precipitation total on January 18, 2017. The CSS Lab precipitation tracking season runs from Oct. 1st to Sept. 30th most years. Being only 110 days into the year, the Snow Lab reached its annual average.

unnamed

Now on to Summer!

Squaw Valley Alpine Meadows is proud to host the Audi FIS World Cup on March 9 – 12, 2017.

This marks the return of World Cup ski racing to California for the first time in 19 years.

by Squaw Valley | Alpine Meadows
Athlete: Anna Goodman

Audi FIS World Cup at Squaw Valley Alpine Meadows

Squaw Valley Alpine Meadows is proud to host the Audi FIS World Cup on March 9 – 12, 2017. This marks the return of World Cup ski racing to California for the first time in 19 years. Events held will consist of a Women’s Giant Slalom on Friday, March 10 and Women’s Slalom on Saturday, March 11. Olympic champions like Squaw Valley’s own Julia Mancuso and Mikaela Shiffrin will compete on the legendary Red Dog run, which also played host to the 1969 World Cup and 1960 Winter Olympics.

VIP tickets are still available. Free standing room viewing will be available near finish arena as well as skier spectator viewing on looker’s left of Red Dog Face. Live stream viewing will also be available at dining locations in The Village at Squaw Valley including KT Base Bar Sun Deck and [email protected]

Check the website for a full list of events, free concerts and other celebrations!

http://squawalpine.com/worldcup

If you are going to be in the Tahoe/Truckee area this weekend, let me know!

As the winter and ski season approach, it is time to figure out lodging for those epic ski days! The Lake Tahoe and Truckee area offers a plethora of options for lodging in the basin. From Motels and Hostels to towering Casino hotels. The area offers quaint cabins to rent, mansions for holiday gatherings and every size in between. However, to have the best of both worlds, owning property in the basin is by far the best way to go! Ski Resorts are bountiful in our area and you can literally take your pick on where to ski each year. Being centrally located between ski resorts and our mountain towns is the goal of most enthusiasts.
img_5558

Welcome to 223 Vista Pines in Tahoe Vista on Lake Tahoe’s North Shore!

vistapines4
Bring your family for full-time living or friends for a luxury vacation. Close to the beach, restaurants, shopping, ski resorts, with easy access year-round. Located in a small newer enclave of 8 lovely Tahoe homes. This property is the second one in from the road on the west side of the street which allows for good southern sun exposure.

Walk to Moon Dunes beach in the Summer or take the shuttle to Tahoe City X-Country, Northstar, Squaw/Alpine, or Homewood Ski Areas.​

1-4

​This home has a simple, yet effective floor plan. The main level has foyer with slate flooring which leads you to the Great Room and kitchen. Vaulted ceilings in the Dining area which has access to a deck and the fenced in back yard.

_mg_9556

​A powder room for guests and the Master Suite are on this entry level. The Master Suite features a light and bright bathroom with his and her sinks, jetted tub and walk in shower.

_mg_9610

The Master Suite also has access to the back and front yard.

_mg_9709

Up to the second floor. An open loft or game area with a foose ball table and room for the imagination. A quaint TV or sitting room sits in between the second master suite, a guest bedroom and a shared bathroom.

_mg_9640

​A secret cove for that special place for a “get-away” nap.

_mg_9652

This home is ready for occupancy and has rental income projections for when you are not able to use it! Off set the expense by having it on a rental program! For more information or to view this home please go to www.223VistaPines.com or call 530-582-0722

_mg_9481

copy-216477-1450804483_0a0a0a_240_150_PrsMe_

HAPPY NEW YEAR!  What are you doing to celebrate???

Here are New Year’s Eve Events!

Fireworks!!!
7 p.m. | Squaw Valley
9 p.m. | Village at Heavenly
9 p.m. | Village at Northstar

 

Torches at Tahoe Donner
Tahoe Donner Downhill | Truckee

Kids ages 10 and older who can ski intermediate runs unassisted are invited to participate in the annual Torchlight Parade at Tahoe Donner at 6:15 p.m. Enjoy a DJ and snacks before the parade. | tahoedonner.com

All ages invited to Squaw Creek
Resort at Squaw Creek | Olympic Valley
Ring in the New Year at the Resort at Squaw Creek with something for the whole family. The New Year’s Eve Grand Celebration is tailored to the 21 and older crowd, while Kid’s Night Out is geared toward children ages 4 to 12 and the Teen’s Night Out focuses on ages 13 to 20. Each party features dinner, live music, party favors and entertainment. | squawcreek.com

Fire and Ice at Northstar
Enjoy ice skating and s’mores around the fire before settling in for a fireworks extravaganza at 9 p.m. Start the evening with the Mountain Table Dinner Series on mountain. | northstarcalifornia.com

Wine and Dine at West Shore cafe
West Shore cafe | Homewood
Head to the West Shore cafe to taste the five-course chef’s tasting menu including sweet and savory delights starting with a poached lobster crème brûlée followed by pan-seared black sea bass and grilled lamb chops. Enjoy live music by Ike & Martin throughout the evening and ring in the New Year with a champagne toast. | westshorecafe.com

New Year’s Eve Stella Truckee
Stella at The Cedar House Sport Hotel offers its pop up winter dinner series with one menu and one seating from 6 to 8:30 p.m. Diners are encouraged to ask questions of the kitchen staff, join in conversations and savor the tasting menu. Each course is served with brief comments about ingredients or technique. $227 | RSVP cedarhousesporthotel.com

New Year’s Eve celebrations
The Ritz-Carlton | Northstar
The Ritz-Carlton hosts a buffet of seasonal delights followed by an evening of live music, ice-skating and fireworks to ring in the New Year in the Village at Northstar at 9 p.m. Afterwards enjoy music and dancing in The Living Room. | ritz-carlton.com

Dine at High Camp
Squaw Valley | Olympic Valley
After a day on the slopes head to the Village Events Plaza Stage for après and live music with Chi McClean from 2 to 4 p.m. followed by a New Year’s Eve dinner at High Camp from 6 to 9 p.m. The festivities really begin with a fireworks exhibition in The Village at 7 p.m. followed by a late night party at the Olympic House from 9 p.m. to 2 a.m. | squawalpine.com

New Year’s Eve party
Hacienda del Lago | Tahoe City
The Reggae Ambassadors invite you to celebrate New Year’s Eve from 10 p.m. to 2 a.m. with reggae, hip-hop, electronica and remixes featuring DJ Ramone, Dub Fyah, live performance by Winstrong plus a champagne toast at midnight. 21 and older only. $10 cover. | hacdellago.com

Winter festival life at SnowGlobe
Lake Tahoe Community College | South Lake Tahoe
The SnowGlobe Music Festival returns for the third year from Dec. 29 to 31 with a stellar line up of headliner DJs and producers including Jack U, Dillon Francis and Chet Faker. Find new treasures from local vendors and watch athletes compete in a big air exhibition. Read more about SnowGlobe in this issue. | snowglobemusicfestival.com

Watch the gondola drop at Heavenly
Heavenly Village | Stateline, Nev.
Fire and Ice meet for a night of celebration in the Heavenly Village. The Fire Groove Dancers will be twirling hoops of flame along to live music from the LA All Stars. Meanwhile the Fear No Ice sculptors fire up their chainsaws for an ice sculpting exhibition. The grand finale includes the Heavenly Gondola Ball Drop at 9 p.m. followed but a fireworks display. | skiheavenly.com

*Information provided by www.tahoeweekly.com

New Year’s Eve FREE Shuttle Truckee North Tahoe 2016

NYE Flyer FINAL

2015 3rd Quarter Real Estate Market Statistics

2015 3rdQuarter STATS_SLT 2015 3rdQuarter STATS_IV 2015 3rdQuarter STATS_TD 2015 3rdQuarter STATS_TRK 2015 3rdQuarter STATS_ES 2015 3rdQuarter STATS_TC 2015 3rdQ_STATS SQV Resorts_TOTALS 2015 3rdQ_STATS LT_TOTALS 2015 3rdQ STATS RNO_TOTALS

What's New for Winter 2015-16
What's New for Winter 2015-16

FOR IMMEDIATE RELEASE

Media Contacts:
Liesl Kenney
Squaw Valley | Alpine Meadows
530.452.7111
[email protected]

Alaska Airlines Announces New Daily Direct Flight from Orange County to Squaw Valley | Alpine Meadows

With 106 nonstop flights to 15 destinations, getting to the snow and sun at Squaw Valley | Alpine Meadows is more convenient than ever

[Olympic Valley, Calif.] November 3, 2015 – Getting from Southern California to the ski slopes just got easier: Alaska Airlines will add new nonstop service from Orange County’s John Wayne Airport to Squaw Valley Alpine Meadows via Reno-Tahoe International Airport starting on March 16, 2016.

“These daily nonstop flights on Alaska Airlines to Squaw Valley Alpine Meadows provide all of our customers in the Southern California area unparalleled convenience and ease of access. We are thrilled to welcome even more nonstop flights into our mountain resort as part of a long-term strategy to make our destination one of the most easily accessed mountain resorts in North America,” said Andy Wirth, President and CEO of Squaw Valley Alpine Meadows. “Squaw Valley Alpine Meadows is just a 45 minute drive from Reno-Tahoe International Airport on all-weather Interstate 80, with convenient shuttle service available door-to-door.”

Squaw Valley Alpine Meadows is home to over 6,000 acres of skiing and riding on the crest of Lake Tahoe, with a bustling village and slopeside lodging at The Village at Squaw Valley®.

Alaska is offering introductory one-way fares to Squaw Valley Alpine Meadows starting at $79* each way, operated by Horizon Air using 76-seat Q400 aircraft. Beginning March 16, 2016, flights will depart Reno at10:15 a.m., arriving in Orange County at 11:37 a.m. Flights will depart Orange County at 2:45 p.m., arriving in Reno at 4:05 p.m.

Visit alaskaair.com to find great savings and purchase tickets.

About Squaw Valley | Alpine Meadows
Squaw Valley Alpine Meadows is an internationally renowned ski resort in North Lake Tahoe that spans over 6,000 skiable acres. The resort features 42 lifts and 270 trails, as well as the European-inspired Village at Squaw Valley featuring nearly 60 bars, restaurants, boutiques and art galleries. Snowfall averages 450 inches, providing one of the longest ski and snowboard seasons in Lake Tahoe, and establishing Squaw Valley Alpine Meadows as a top destination for spring skiing and boarding. Squaw Valley Alpine Meadows also boasts one of the region’s only mountain-top beginner areas and several intermediate skier havens including Shirley Lake and the newly renamed Pacific Crest Bowls. For more information about Squaw Valley Alpine Meadows, visit squawalpine.com.

About Alaska Airlines
Alaska Airlines, a subsidiary of Alaska Air Group (NYSE: ALK), together with its partner regional airlines, serves more than 100 cities through an expansive network in the United States, Canada, Mexico and Costa Rica. Alaska Airlines ranked “Highest in Customer Satisfaction Among Traditional Carriers in North America” in the  J.D. Power North American Airline Satisfaction Study for eight consecutive years from 2008 to 2015. Alaska Airlines’ Mileage Plan also ranked “Highest in Customer Satisfaction with Airline Loyalty Rewards Programs” in the J.D. Power 2014 and 2015 Airline Loyalty/Rewards Program Satisfaction Report. For reservations, visit www.alaskaair.com. For more news and information, visit Alaska Airlines’ newsroom at www.alaskaair.com/newsroom.

About Reno-Tahoe International Airport
Reno-Tahoe International Airport currently offers 106 flights per day to 15 destinations on eight commercial airlines and proudly serves 3.4 million passengers each year. Learn more at renoairport.com.

*General terms and conditions for the fare sale: Seats are limited and may not be available on all flights or all days. Some markets may not operate daily service. Fares are nonrefundable, are priced in U.S. dollars, and include all applicable taxes, fees and charges based on one-way travel. A ticket purchased at an Alaska Airlines airport location or through one of our reservation call centers will cost $15 more per person than the advertised fare. Differences in fare and taxes, fees and charges apply to any changes made after ticketing. A $125 change fee per person applies to changes made within 60 days of ticketed travel. Other restrictions— such as day of week, blackout dates and advance purchase requirements — may apply. Additional U.S. taxes may apply to itineraries involving more than one stopover or a stopover lasting more than 12 hours. Bag fees apply for checked baggage. See alaskaair.com or call Alaska Airlines reservations at 1-800-ALASKAAIR for complete fare rules, checked baggage policies and more information.

###

tc

October 3rd

ww

 

12th annual, Downtown Truckee Wine, Walk & Shop

a favorite that brings locals and tourists to historic downtown Truckee to sip wine, taste scrumptious food samples and enjoy shopping. From noon to 4 p.m. Attendees will receive a commemorative wine glass to sample wine at 30+ venues, five food tickets and a program with a map to all participating venues. truckeewinewalk.com

 

 

October 3rd & 4th

spThe Reebok Spartan Race World Championship

This event will take place at the legendary Squaw Valley.  The world’s best athletes will collide on the course with a shared goal: to be the Spartan Race World Champion. The most anticipated obstacle racing weekend of the year will feature three Spartan Race distances to choose from over two days of racing. 7:30am – 7:30pm. Spartan.com

 

October 8th – 11th

wh

American Whiskey Weekend!

Join bourbon experts, chefs, barmen (women) for a three-night bourbon and culinary-focused getaway. We are excited to be partnering with Four Roses who was recently awarded American Whisky Distiller of the Year by Whisky Magazine and has received the honor four times in the last five years since 2011. Plumpjacksquawvalleyinn.com

 

 

 

October 10th

ffJoin us for the 6th annual Fall Festival!

One of our biggest events of the year! There’s something for everyone at our harvest festival from arts and craft vendors, our annual doggie dip, live music, seasonal beer offerings, a carnival area for kids with arts, crafts, games and food.  11 am – 5 pm TahoeDonner.com

 

 

 

October 16th and 17th

hhCome celebrate local legends and history with highly entertaining and spooky twists.  During the walking tour, small groups are guided to interesting sites where they will be immersed in engaging tales performed by talented characters.  The tour skillfully weaves together dramatic, downright haunting and laugh-out loud funny stories. VIP Thursday tour. 5 pm & 6 pm truckeehistorytour.org

 

October 17th

fe

Tahoe City Harvest Festival

From 10 am – 2 pm. Fall has come and pumpkins are ripe for the pickin’. The Fall Festival has something for all members of the family. Food, games, hay rides, petting zoo, and much much more! Don’t miss out on all the fun.  Cost is $15 All Inclusive Wrist Band visittahoecity.org

 

October 18th

 wa

20th Annual Truckee River Day!

Join us for a day of river, meadow and wetland restoration. You will be working side-by-side with other volunteers to plant restoration sites with seedlings and willows, remove invasive vegetation, compost and mulch sensitive areas, remove garbage and more. Projects start at either 9:00 a.m. or 11:00 a.m. and end between 2:00 pm and 3:00 p.m

 

 

October 24th

sw

52nd Annual North Tahoe Ski and Sports Swap

Winter season is approaching!  Get geared up at the ski and sports swap! Great deals to be had by all! Located at the North Tahoe High School from 9am -3 pm.

Story09_ARTour_09022015 Story03_FoamFEST_09022015 Bocce2015-facebook-cover Art_and_Soul_MoonshineInk_300x250_web_v1 Squaw Valley Neighbourhood Oktoberfest 300x250 1509_1

chase logo 2

Media Contact:  Katie Shaffer

East River Public Relations

530-214-8790

[email protected]

For Immediate Release

Tahoe Home Prices Continue to Rise

ZEPHYR COVE, Nev. (July 7, 2015) – The Lake Tahoe real estate market continued to see an uptick in median home prices this quarter, up 14 percent to $525,000. Overall sales around the lake dipped slightly from this time last year, with Incline Village seeing decreases across the board and Tahoe City seeing healthy improvements.

The figures are part of a report released by Lake Tahoe-based real estate company Chase International, and compare the prices and closings from January 1 through June 30, 2015 to the same time period from 2014. Most changes were minor – a four percent and one percent decrease in lake-wide sales volume and units sold, and a one percent and ten percent drop in units sold under and over the $1 million mark (respectively).

“There is only one Lake Tahoe,” said Sue Lowe, senior vice president of Chase. “And people want to experience the amazing lifestyle and buy here. Our continued lack of inventory keeps our prices moving up.”

The median price of a home rose 14 percent on the East Shore ($767,500) and the South Shore ($386,000), and seven percent in Tahoe City ($560,00). Incline Village saw a four percent drop, to $850,000. Incline also experienced a drop in sales volume (23 percent), units sold (15 percent), and homes selling for more than $1 million (24 percent).

Tahoe City saw the biggest improvement with an eight percent increase in sales volume, 14 percent jump in units sold, and 18 percent surge in homes sold for under $1 million.

Nearby Truckee saw a ten percent drop in sales volume and six percent decrease in median home price ($548,000). Homes selling for more than $1 million faltered, falling 36 percent, and homes selling for less than $1 million was up eight percent.

About Chase International:  Headquartered in Lake Tahoe, Nevada since 1986, with nine offices in the region (Zephyr Cove, Glenbrook, Incline Village, Tahoe City, Squaw Valley, Truckee, South Lake Tahoe, Carson Valley and Reno) and one in London, England, Chase International and its exclusive affiliations handle a large share of the country’s property. With 310 professional Realtors® boasting an array of industry certifications, Chase International is the regional leader for three years running as reported by Real Trends, a communications and consulting company considered to be the leading source of analysis and information on the residential brokerage and housing industry.  For more information about Chase International, visit www.chaseinternational.com.

 ###

2015 2ndQ_STATS LT_TOTALS 2015 2ndQ STATS _TC 2015 2ndQ STATS _ES 2015 2ndQ STATS _SLT 2015 2ndQ STATS_IV 2015 2ndQ_STATS SQV Resorts_TOTALS 2015 2ndQ STATS _TRK 2015 2ndQ STATS_TD

Squaw Valley Wanderlust 2015 July 17th – 20th

unnamed

Squaw Valley’s breathtaking mountain scenery and positive energy makes for a truly unique and inspiring place to practice yoga. Squaw Valley was the original birthplace of the Wanderlust Festival, which has now expanded to seven locations around the world. A dedicated yoga studio is a natural, exciting extension to the original festival that is still held here every year.

Unique to Squaw, some classes incorporate the extraordinary landscape, taking the practice outside on the mountain as well as classes that start in the studio and wrap-up with a hike, bike ride, run, swim in Lake Tahoe or, come winter, skiing and riding on the mountain.

Through Squaw’s partnership with Wanderlust, the studio offers classes taught by some of the most recognized yoga instructors both regionally and nationally, as well as multi-day retreats incorporating yoga, activities and accommodations.

Wanderlust’s core mission is to create community around yoga & mindful living. The opportunity to do this on a 365-day basis in Wanderlust’s birthplace is beyond exciting. The integration of a yoga program with all of the outdoor activities and natural beauty of Squaw Valley creates a totally unique experience for local residents and guests.  http://squaw.wanderlustyoga.com/

Wanderlust is a one-of-a-kind festival bringing together the world’s leading yoga teachers, top musical acts and DJs, renowned speakers, top chefs and winemakers, and much, much more — all in a setting of breathtaking natural beauty.  We’re talking about fun in the sun and dancing under the stars. Hiking on peaceful trails and gettin’ your down dog on at the top of the mountain. Sipping poolside cocktails with your friends, and then enjoying a tasty farm-to-table dinner with views of the surrounding mountain peaks. Early morning meditations and all-night chakra spinning musical performances — it’s an all-out ecstatic celebration in the most awe-inspiring locations in the world.Wanderlust Map July 2015

Saturday & Sunday, May 23rd – 24th, 2015

11 am – 7 pm on 5/23 and 11 am – 5 pm on 5/24

http://squawalpine.com/events-things-do/made-tahoe-festival

A unique celebration of all things local! From talented artists to passionate entrepreneurs and philanthropists, the Made In Tahoe Festival celebrates Lake Tahoe’s talented and inspiring creators. Shop for locally made products, sample local food, enjoy live music and performance art. For the full Tahoe experience, take a trip up the Aerial Tram and enjoy panoramic views of the Lake Tahoe and the Sierra Nevada mountains.

Made in Tahoe Saturday Music Schedule

Music

Time

Location

Richard Blair

11am-1pm

Events Plaza Stage

Brad Perry

11:30am-1pm

First Street Stage

Guitar Town

1:30-3pm

First Street Stage

Rapplesauce

2-4pm

Events Plaza Stage

Paul Covarelli

3:30-5pm

First Street Stage

Peter Joseph Burtt & The Kingtide

5-7pm

Events Plaza Stage

Made in Tahoe Sunday Music Schedule

Music

Time

Location

Special Guest

11-11:30am

Events Plaza Stage

Bias & Dunn

11:30am-1pm

First Street Stage

Matt Axton & Purple Curtain

12-2pm

Events Plaza Stage

Tim High & The Mighty

1:30-3pm

First Street Stage

Groove Foundry

3-5pm

Events Plaza Stage

Rak Kandy

3:30-5pm

First Street Stage

Also Featuring: Tahoe Flow Artists entertainment & workshops throughout both days
Plus: Special local live performances on the Community Stage both days.

Made In Tahoe Vendor Map 2015

 

2015 1stQuarter STATS_TRK 2015 1stQuarter STATS_TD 2015 1stQuarter STATS_TC 2015 1stQuarter STATS_SLT 2015 1stQuarter STATS_IV 2015 1stQuarter STATS_ES 2015 1stQ_STATS LT_TOTALS 2015 1stQ_STATS SQV Resorts_TOTALS 2015 1st Quarter STATS RNO_TOTALS

Chase ‘N Around Lake Tahoe February 2015

Chase ‘N Around Lake Tahoe
February 2015

Photo by: Julie Wight
THE MONTH OF LOVE…
WOW, January flew by in a blink of an eye! Here in the Lake Tahoe region we rely on the weather gods to bring us rain in the fall and snow in the winter. Well, we haven’t received much of either but are optimistic that this month will be the one! The one to remember.  In the meantime, be and do what you LOVE!

MARKET UPDATE & INTERESTING ARTICLES:

Tahoe Home Prices Continued to Rise in 2014 More Growth Expected in 2015

Lake Tahoe real estate continued to climb last year, as median and average home prices increased seven and four percent (respectively), throughout 2014.Sue Lowe, corporate vice president for Chase International, attributes the decline in sales to availability, that there are simply fewer homes available for buyers re-entering the market. “We like slow and steady improvement,” Lowe said. “It’s a sign of a stable and healthy market. Sales will catch up and further increase home values.”

Read the Full Article

 5 Cities Poised To Be The Next Silicon Valley Tech Hub

 Los Altos, CA, in the heart of Silicon Valley, had become the most expensive market in the U.S. with a median sale price of $2.3 million. This has also spiked rental costs, which commonly exceed $2,000 per month for a one-bedroom.  Which Cities are on the List?

FEATURED PROPERTYCALIFORNIA


An Estate to Estivate

A sanctuary in the trees! This estate w/ 3 beautiful acres, a 5000+ sq. ft. home, a sport court, and just enough of a peak of Lake Tahoe to remind you what lies beyond. Ground level holds an in-law suite with small kitchen area and own access, wine room, and storage. 2nd floor is where you will find a spacious great room w/ full bath; 2 guestrooms w/ shared bath, and laundry. The top floor holds an expansive open concept kitchen, dining, master and living room w/ access to deck and views! Offered at $2,500,000

FEATURED PROPERTY – NEVADA

507 Driver, Incline Village
507 Driver, Incline Village
Get in the Driver’s Seat

Location, acreage, style. Prestigious east slope with south and west panoramic lake view. 2+ acre lot. Easy all year access. Magnificent F.L.Wright like with timeless design: old world craftsmanship, in-laid floors, use of extensive rough granite, contemporary kitchen motif, junior master on living level, mammoth master bedroom with sitting area and two baths, extensive decking for outside entertaining. Offered at $3,895,000

TOP PICKS – WHAT TO DO

Feb 14th – Saturday

Valentine’s at High Camp

Spend Valentine’s Day with your special someone at Squaw Valley’s Terrace Restaurant. Take a spectacular
Aerial Tram ride to 8,200′ and enjoy and exquisite course prefixed menu that welcomes both couples and families alike. Squaw.com

February 21 & 22
The Rahlves’ Banzai Tour is racing in it’s purest form. Big mountain freeride meets ski / boarder-cross action! Taking place at three Lake Tahoe, CA resorts it’s head to head action four at a time, top to bottom, down a wide open course over natural terrain and snow conditions. Rhalves Bonzai Tour – Alpine Meadows

February 26th – March 8th

Pray, think, dance for snow this season and we’ll have a white-out winter for SnowFest! All the snow-reliant events will be in full-effect: The Naughty Dawg Pull, Whacky Human Bowling, Snow Sculpting, etc. Come and joint the winter white fun for this year’s SnowFest!
SnowFest Events Calendar

 

It’s time to fall in love.

Chase International is renown for our heart-centered approach to building relationships and dreams.  A large part of our success is in matchmaking; finding the right person to love your home and finding a home that you will fall in love with.

Give me a call so I can help you find that warm and cozy place for your next romantic dinner. Until then, take your sweetheart to one of our favorite restaurants around the lake.

 

 

 

STAY INFORMED

SquawAlpineGet the latest lift status, weather conditions, lodging deals, events and more at Squaw Valley/Alpine Meadows by signing up for the Tahoe Ski & Ride Report. Plus, you’ll be entered in the weekly drawing to win 2 Adult lift tickets!

SquawAlpine.com *bottom right hand corner

 

A select group of Tesla Model S drivers have a new option for recharging on the long road from San Francisco to Los Angeles – battery swapping. Off the I5, drivers can pull in and let an automated system pluck out their car’s battery pack and replace it with one that’s fully charged. The whole process takes 3 minutes. Read More

* Chase International will have Tesla charging stations at our offices!  Coming Soon!

Mayfair International Realty

From Our London Office….

A London Eye on the Market
 

Nick Churton of Chase International’s UK office in London takes a look at the year ahead in the international real estate market and finds a great deal to be optimistic about. This is a great time to take stock, look at the months ahead and keep a weather eye on international indicators. Like never before the health of local real estate markets – especially in the luxury sector – is linked to the health of the global real estate community as a whole.   Read More 

 

 

 

 

 

 

 

 

Trinkie Watson, CIPS CLHMS

Regional Lake Tahoe Broker

530 582 0722  800 783 0722

BRE# CA 00326518  NV  001022  

 

“A Boutique Broker with Premiere Properties for Discerning Buyers”

www.TrinkieWatson.com
Selling Lake Tahoe Luxury for Over 30 Years!

Call me for an update on the Lake Tahoe regional market for yourself or your clients!

RECENT SOLD PROPERTIES

4784 N Lake Blvd

    4784 N Lake Blvd                           4000 W Lake #21                  11550 Bottcher Loop
         $2,201,000                                     $2,275,000                              $1,200,000

2014 1stQuarter Stats SQUAW TOTALS2014 4th Quarter Stats LakeTahoe TOTALS2014 4th Quarter Stats RNO_SPKS TOTALS2014 4th Quarter STATS.ES2014 4thQuarter STATS_TRK2014 4thQuarter STATS_IV2014 4thQuarter STATS_TC


Media Contact:  Katie Shaffer
East River Public Relations
530-214-8790
[email protected]

For Immediate Release

Reno Home Prices Continues to Climb

RENO, Nev. (July 7, 2014) – Home prices jumped 15 percent throughout Reno and Sparks, pushing the median home price to $234,900. The increase in prices bumped sales volume up 13 percent, while the total number of homes sold stayed relatively flat, according to a quarterly report released by Lake Tahoe-based real estate company Chase International.

The report, which accounts for all sales in the region from January 1 through June 30, and compares them to the same timeframe of 2013, showed that Sparks experienced the bigger increase to sales volume (21 percent) as well as median home price (19 percent to $225,000). The median price of a home in Reno is $240,000 (up 12 percent).

“The Reno-Sparks area has just been quietly rising through the ranks,” said Susan Lowe, corporate vice president of Chase International. “Some markets have had setbacks and surges, but home values here have been rising steadily. The city itself is really flourishing and establishing itself among big businesses and tech companies in the West, and that has a positive effect on real estate in the region.”

Carson Valley also saw a rise in median home prices (ten percent to $265,000) but with a seven percent decline in sales volume.
About Chase International:  Headquartered in Lake Tahoe, Nevada since 1986, with ten offices in the region (Zephyr Cove, Glenbrook, Incline Village, Tahoe City, Squaw Valley, Graeagle, Truckee, South Lake Tahoe, Carson Valley and Reno) and one in London, England, Chase International and its exclusive affiliations handle a large share of the country’s property. With 260 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.

Truckee River Lodge Home

8440 River Road, Hwy 89, Bridge Eleven – Squaw Valley/Truckee

Family Memories Start Here…

Nearly 4,000 visitors are expected to attend the second annual Made In Tahoe Festival at Squaw Valley this weekend.

The festival showcases local businesses, artists, organizations and performers.

“Tahoe is home to so many talented entrepreneurs, philanthropists and artists that bring endless enthusiasm and passion to our region,” said Sean Kristl, marketing manager for Squaw Valley and Alpine Meadows, in a press release promoting the event. “It’s exciting to host an event that celebrates our local businesses and talent, while also helping them expand their reach.”

This year’s festival features live performances by Tahoe Flow Arts; a studio that specializes in aerial arts, dance and yoga; and music from One Track Mind, Jeff Jones, Ben Fuller, JT Chevallier and Chi McClean.

Visitors can also sample local cuisine from numerous Tahoe eateries at the festival.

Festivities run from 11 a.m. to 7 p.m. Saturday and Sunday.

The Made In Tahoe Festival also kicks off summer operations at Squaw Valley. The resort’s Aerial Tram, which provides access to hiking trails and scenic viewpoints, will open Saturday and run through the summer.

Lake Tahoe Action

header_village-exterior-summer_3

Info: http://squaw.com

Tahoe Real Estate Market
Continuing to Show Appreciation
Tahoe Market Home Sale Prices are Up

ZEPHYR COVE, Nev. (April 14, 2014) –The Lake Tahoe real estate market experienced notable increases in both average and median home prices during the first quarter of 2014, which is good news for sellers.  For Tahoe as a whole, which combines the East Shore, South Shore, Tahoe City and Incline Village/Crystal Bay markets, the volume of sales was down nine percent.  Yet the median home price in Tahoe increased 12 percent and the average price climbed 11 percent to $876,611.  The entire region has had record lows in inventory contributing to the decrease in units sold and volume sold.  The one sector at Tahoe where the volume of sales increased, was at the ski resort communities of Northstar, Squaw Valley and Alpine Meadows, by 39 percent.

The most impressive numbers to come out of the region recently were in Tahoe City where sales volume jumped 48 percent over last year at this time, with $53,884,250 in volume sales recorded in 2014’s first quarter.  Tahoe City’s average price increased a whopping 113 percent to $1,314,250, and the median price climbed 51%, from $417,000 last year to $630,000 during this year’s first quarter.

Incline Village showed an increase in average price of 23 percent, to $1,703,476.  The number of units sold in South Shore over $1 million jumped by 100 percent.  And the average price in South Shore increased by 20 percent, to $436,884. The East Shore market was down, due to several large sales that transpired in 2013 and a continued lack of inventory.

These figures are part of a quarterly report released by Lake Tahoe-based real estate company Chase International.

“There continues to be an uptick of interest and sales in the market’s upper end offerings,” said Sue Lowe, corporate vice president for Chase International. “And in the under $1 million market, prices are continuing to climb.”

Lawrence Yun, chief economist for the National Association of Realtors notes that NAR’s forecast for home sales is to be lower by five percent in the first half of this year versus the same period a year ago.  However, Yun predicts that sales are projected to be two to three percent higher in the second half of the year, and home prices, because of a nationwide inventory shortage, will keep marching higher.

The Truckee market posted some impressive gains with a sharp jump in median price of homes sold—up 29 percent to $635,000 and an average home price increase of 24 percent, to $858,304.  However, Truckee sales volume over this time last year was down six percent.

Headquartered in Lake Tahoe, Nevada since 1986, with ten offices in the region (Zephyr Cove, Glenbrook, Incline Village, Tahoe City, Squaw Valley, Graeagle, Truckee, South Lake Tahoe, Carson Valley and Reno) and one in London, England, Chase International and its exclusive affiliations handle a large share of the country’s property. With 260 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.

Tahoe Real Estate Market
Continuing to Show Appreciation
Tahoe Market Home Sale Prices are Up

ZEPHYR COVE, Nev. (April 14, 2014) –The Lake Tahoe real estate market experienced notable increases in both average and median home prices during the first quarter of 2014, which is good news for sellers.  For Tahoe as a whole, which combines the East Shore, South Shore, Tahoe City and Incline Village/Crystal Bay markets, the volume of sales was down nine percent.  Yet the median home price in Tahoe increased 12 percent and the average price climbed 11 percent to $876,611.  The entire region has had record lows in inventory contributing to the decrease in units sold and volume sold.  The one sector at Tahoe where the volume of sales increased, was at the ski resort communities of Northstar, Squaw Valley and Alpine Meadows, by 39 percent.

The most impressive numbers to come out of the region recently were in Tahoe City where sales volume jumped 48 percent over last year at this time, with $53,884,250 in volume sales recorded in 2014’s first quarter.  Tahoe City’s average price increased a whopping 113 percent to $1,314,250, and the median price climbed 51%, from $417,000 last year to $630,000 during this year’s first quarter.

Incline Village showed an increase in average price of 23 percent, to $1,703,476.  The number of units sold in South Shore over $1 million jumped by 100 percent.  And the average price in South Shore increased by 20 percent, to $436,884. The East Shore market was down, due to several large sales that transpired in 2013 and a continued lack of inventory.

These figures are part of a quarterly report released by Lake Tahoe-based real estate company Chase International.

“There continues to be an uptick of interest and sales in the market’s upper end offerings,” said Sue Lowe, corporate vice president for Chase International. “And in the under $1 million market, prices are continuing to climb.”

Lawrence Yun, chief economist for the National Association of Realtors notes that NAR’s forecast for home sales is to be lower by five percent in the first half of this year versus the same period a year ago.  However, Yun predicts that sales are projected to be two to three percent higher in the second half of the year, and home prices, because of a nationwide inventory shortage, will keep marching higher.

The Truckee market posted some impressive gains with a sharp jump in median price of homes sold—up 29 percent to $635,000 and an average home price increase of 24 percent, to $858,304.  However, Truckee sales volume over this time last year was down six percent.

Headquartered in Lake Tahoe, Nevada since 1986, with ten offices in the region (Zephyr Cove, Glenbrook, Incline Village, Tahoe City, Squaw Valley, Graeagle, Truckee, South Lake Tahoe, Carson Valley and Reno) and one in London, England, Chase International and its exclusive affiliations handle a large share of the country’s property. With 260 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.

Queen of Hearts Women’s Fund May 8, 2014 Squaw Valley

logo

“For the Love of Food!  Humble Solutions for a Changing World”

Join us for an evening of intelligent food and
delicious conversation!

May 8, 2014.

5:00 pm  Welcome Reception
6:00 pm  Dinner Begins

Keynote Speaker: Mary Risley

Special Guests:  Susie Sutphin, Tahoe Food Hub
Billy McCullough, Chef
and
local farmers

Please RSVP by April 28th

 

 Keynote Speaker – Mary Risley

            Mary Risley started the highly regarded Tante Marie’s Cooking School is SF over 30 years ago, and was honored as the “Cooking Teacher of the Year” by Bon Appetit magazine in 1997.  She founded Food Runners, a SF based grass roots organization that picks up excess food from businesses and delivers it to agencies feeding the hungry.  She was awarded the “Humanitarian of the Year” by the James Beard Foundation in 1998.  

 

Farm to Table Dinner

Menu created by Billy McCullough and Jason Friendy
Food sourced by Tahoe Food Hub from local farmers.

The Queen of Heart’s Women’s Fund strengthens and inspires women to engage in significant philanthropy, resulting in an improved quality of life in the North Tahoe Region.

As One, We Are Strong.
Together, We Are Powerful.

For More Information Visit  http://www.ttcf.net/give/queen-of-hearts-womens-fund/annual-event/

Lake Tahoe Region Ski Resorts Closing Dates 2014

Tahoe Ski Resorts Closing Dates 2014

Tahoe-Alpenglow-Event

Alpine Meadows: April 20
Boreal Mountain Resort: April 20
Diamond Peak Ski Resort: April 13
Heavenly Lake Tahoe: April 20
Kirkwood Ski Resort: April 27
Northstar California™ Resort: April 20
Sierra-at-Tahoe Resort: April 20
Sugar Bowl: April 20
Squaw Valley: April 27

 

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)

Alpenglow Mountain Festival in Tahoe

Alpenglow Mountain Festival in Tahoe

By Christina Nellemann

 

 

 

 

 

 

 

 

 

 

 

 

 

You know you wanna be here, but take that avalanche safety class first before heading into the snowy hills. Photo by Alpenglow Sports

Finally, the next forecast is predicting about a foot more snow in the Tahoe area. Hallelujah! It looks like those snow dances and prayers worked. This might be your best time to get up into the mountains for some Sochi-inspired extreme winter sports. If you’re already an experienced skier or snowboarder, you know what to do, but what if you’re new to mountain snow sports?

Alpenglow Sports in Tahoe City will be holding a two-week winter sport festival February 14 – March 2 which will feature clinics, classes, natural history lessons and backcountry ski and snowshoe tours at various locations around North Lake Tahoe including Squaw Valley, Page Meadows, Ward Canyon, Emerald Bay and Homewood.

Each event is geared toward aspiring beginner and intermediate winter sport enthusiasts who want to get more exercise in the high mountains.

Alpenglow has teamed up with Nature’s Bakery to offer most of the events for free, but participants are encouraged to register online in advance to ensure they get a spot in their desired clinic or tour.

You can also register for some great giveaways. The events will include guided snowshoe, backcountry and nordic ski tours, cross country skills and wax clinics, AIARE certified field and classroom avalanche safety clinics, and full moon skiing.

Other events will include the Great Ski Race at Tahoe Cross Country, the Wine, Women and Wax clinic, presentations by Mammut athlete Todd Offenbacher and Alpenglow Sports experts on backcountry skiing and avalanche conditions, and a natural history tour with Will Richardson of the Tahoe Institute for Natural Science.

Read more at http://www.7×7.com/tahoe/alpenglow-mountain-festival-tahoe

Reno-Tahoe Tourism At Five-Year High

PHOTO: Tourism in the Reno-Tahoe area is at a five-year high. Photo credit: Douglas County, Nevada.

PHOTO: Tourism in the Reno-Tahoe area is at a five-year high. Photo credit: Douglas County, Nevada.

January 28, 2014

RENO, Nev. – American travelers again seem willing to spend the money to take a business trip or vacation in Northern Nevada.

Chris Baum, president and CEO of the Reno-Sparks Convention and Visitors Authority, says last year was the best tourism year in the region since 2008.

He points out a nearly 10 percent room rate increase generated an additional $25 million in taxable room revenue.

And, he says, more tourism should mean more jobs created.

“When your hotel is running two-thirds full you’re able to keep most of your employees on board and keep them busy and occupied,” he says. “So we’re talking about thousands and thousands of jobs.”

Baum maintains more tourism money also helps restaurants, retail and other businesses in the area.

He says his agency does a lot of marketing and advertising to try to boost tourism, but he says it also seems that many Americans are ready to have some fun after years of recession.

“We also find there’s a lot of pent-up demand in the United States from people who haven’t taken a vacation for a couple of years,” he explains. “Even if they get away for a three-day weekend, that’s still a lot more than they were doing three or four years ago.”

Baum says a lot of people visit Northern Nevada to enjoy Lake Tahoe and the outdoor lifestyle of the area.

He stresses tourists come from all over the U.S., but Northern California remains the top market for Reno-Tahoe tourism.

Troy Wilde, Public News Service – NV

– See more at: http://www.publicnewsservice.org/2014-01-28/budget-policy-and-priorities/reno-tahoe-tourism-at-five-year-high/a37145-1#sthash.pyDSWXED.dpuf

2014 Rahlves’ Banzai Tour Dates Announced

2014 Rahlves’ Banzai Tour Dates Announced

Lake Tahoe’s most popular racing series – the Rahlves’ Banzai Tour – is back, with ski and snowboard racing in its purest form.

The 2014 Rahlves’ Banzai Tour, presented by Bank of the West, will span four weekends at Lake Tahoe resorts – Feb. 8 through March 16. The ski venues will be Kirkwood Mountain Resort, Squaw Valley, Alpine Meadows and the Finals and Super Finals at Sugar Bowl Resort on March 15-16.

The race founder and still a dynamic skier is former World Champion, X-Games Champ, four-time Olympian, Daron Rahlves, a Sugar Bowl Resort Ambassador and Super Final competitor.

“There is no other race like this in the world,” Rahlves said. “What’s so unique about the Banzai is that every-day rippers line up against pro-level athletes to find out what they’re made of, battle for Rahlves’ Banzai titles and an $80,000 purse. When the gate drops, it’s on as four competitors go head-to-head in a top to bottom race over natural terrain”.

Feb. 8-9: Kirkwood Mountain Resort
Feb. 15-16: Squaw Valley
March 8-9: Alpine Meadows
March 15-16: Sugar Bowl Resort

The 2013 Banzai tour was filled with as many highlights as the challenging Banzai races. The tour kicked off with an amazing start dropping into the Wall at Kirkwood, followed by a Men’s Ski Final win by inches at Alpine Meadows.

The Squaw Valleytour stop tested the Banzai spirit when the Sunday finals were eliminated by weather, but rebounded strong with new snow and bluebird conditions at Sugar Bowl, culminating in a spirited weekend of competition on a technically challenging course.

Chelone “Chilly” Miller from Franconia, NH won the Overall Men’s Snowboard title as spectators witnessed his “live free and send it” approach that produced an exciting wrap up to his notorious come from behind wins on the 2013 tour.

Miller, a competitive snowboarder known for his progressive style, was found dead in his van from a seizure in April 2013, the cause thought to be long-term damage from a motorcycle accident in 2005 that had left him in a coma for 11 days. Chilly, the younger brother of Olympic Gold Medalist Bode Miller, had hopes of making the Olympic team, with a recent fourth place finish at the 2013 Spring U.S. Snowboarding Grand Prix at Canyons, Utah, and an overall victory in the Rahlves Banzai Tour.

This year Rahlves has chosen to honor the competitive spirit of Miller by introducing the “Live Free and Send It” award.

“The award will go to the competitor who embodies the free-spirit, skill and love of competition Chilly brought to the Banzai. It will be a yearly tribute passed on at the finals of the RBT,” Rahlves said.

This year’s tour promises to be one of the most exciting thus far. 2013 Overall Champs Johnny Bochenek, Shannon Rahlves, Casey Lucas and $5,000 Super Final winner Kyle Coxon will have tough competition in defending their titles.

It’s quite a mixture of skiers and riders of all levels, including every-day rippers representing their home resorts, to skiers/boarders of all levels coming out for a fun and competitive experience, to competitors making a name for themselves on other tours in racing, ski cross and big mountain.

New addition for 2014 are tour sponsors GoPro and Alaska Airlines along with adding a Men’s Snowboard Super Final with Nate Holland for same Super Final as Men’s Ski of a winner takes all $5,000 purse. Holland is a seven-time X-Games Champ and U.S. Olympic Snowboarder, who signed on as Rahlves’ Banzai Tour Snowboard Ambassador.

GoPro capturing all the action and Alaska Airlines awarding four round-trip flights to any Alaska Airlines destination to each of the four overall Tour winners. They will also offer the “Alaska Airlines Long Flight Award” of $100 Alaska Airlines bucks for best air during the Sunday finals at each Tour stop.

Rahlves’ Banzai Tour Presented by Bank of the West is proud to be associated with Kirkwood Mountain Resort, Squaw Valley, Alpine Meadows, Sugar Bowl Resort, Red Bull, Sierra Nevada Brewing Co., CEP Compression, Wend Wax, Lake Tahoe North, TahoeCenter for Orthopedics, Jagermeister and our newest partners Alaska Airlines and GoPro.

The 2014 Tour will once again be broadcast live on Truckee and Lake Tahoe’s own radio 101.5 FM, which has also partnered with Alaska Airlines to send two winners with round-trip airfare to Cordova as part of station’s annual Points North Heli Ski Giveaway.

If you’re wondering about the tour’s name, Banzai is a Japanese term expressed as an exuberant cheer meaning, “Long Life!” or “Hurray!”

An apt name for a high-spirited downhill ski and snowboard competition, the Silver Belt Race first took place in the 1940s at Sugar Bowl ski resort, ran strong through the 1970s, and was re-introduced with the head-to-head action by Daron Rahlves and Sugar Bowl in 2009.

The race continued with one event for another year, and then Rahlves decided to take the show on the road, officially launching Rahlves’ Banzai Tour and expanding to stops at four of Lake Tahoe’s premier resorts, finishing the tour where it all began at Sugar Bowl.

North Tahoe: Beginners take note

 

Sugar Bowl kid on his way up

Sugar Bowl kid on his way up

While we wait for serious snow, what’s happening by the lake?

Learning, for one. While experts are jonesing for open steeps, beginners have three good reasons for taking to the slopes now.

  1. Lack of experts to terrify you as they zoom past
  2. Lack of crowds to fill classes to the brim
  3. Learn to Ski and Snowboard Month

The National SnowSports Industry Association puts on Learn to Ski and Snowboard Month, and North Lake Tahoe resorts are offering deals at GoTahoeNorth.
Here’s a taste:

Homewood Mountain Resort  Lift ticket, rentals and lesson for $49 online, the day before hitting the slopes. This package is a $40 savings, available Sunday-Friday. Homewood also offers free, daily intermediate and advanced lessons at 10:30 a.m. and 1:30 p.m.

Sugar Bowl  Learn to Ski and Ride development program for $89-$99. This is a full-day event on both sides of the mountain, even on holidays. With a 3:1 student-to-instructor ratio, beginners are sure not to get crowded out.

Boreal Mountain Resort  Take 3, Ride FREE program: Take three lessons now through Feb. 14 and receive a free season pass. Yes, they said Free. Season. Pass. The $129 online-only package includes rental equipment for each 90-minute lesson with a professional instructor.

From now till Jan. 17, Diamond Peak encourages snow play with First Time Beginner and Beginner Group Lesson Packages. The $39 package includes a lesson, rental equipment and an all-day beginner lift ticket. These one-hour-45-minute lessons are for everyone age four and up who have had two or fewer snowsport experiences.

First-timers at Tahoe-Donner Downhill Ski Area receive an all-day lift ticket, rentals and two-hour group lesson for $39, now through Jan. 16.

Learn to ski or snowboard at Squaw Valley and Alpine Meadows every Tuesday, Wednesday and Thursday, Jan. 14-30. For $49, beginners receive a beginner lift ticket, rentals and lessons for adults and kids age 3+.

Granlibakken ski hill has a ski school for first-timers and people looking to fine-tune skills.

Aspiring skiers and boarders looking for deals all season long should head to Mt. Rose Ski Tahoe. The mountain offers an $89 First Timer Package that includes a two-hour lesson, beginner lift ticket and rental equipment for beginners, ages 11+.

For more packages and information on Learn to Ski and Snowboard Month, check out gotahoenorth.com.

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.

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

Home Prices Rebound-Back to 2003 Levels

NEW YORK (CNNMoney) — In another sign of a turnaround in the long-battered real estate market, average home prices rebounded in July to the same level as they were nine years ago.

According to the closely watched S&P/Case-Shiller national home price index, which covers more than 80% of the housing market in the United States, the typical home price in July rose 1.6% compared to the previous month.

It marked the third straight month that prices in all 20 major markets followed by the index improved, and it would have been the fourth straight month of improvement across the full spectrum if not for a slight decline in Detroit in April.

The index was up 1.2% compared to a year earlier, an improvement from the year-over-year change reported for June. While home prices have been showing a sequential change in recent months, it wasn’t until June that prices were higher than a year earlier.

The July reading matched levels last seen in summer 2003, when the market was marching toward its peak in 2006. The collapse of the market after that led to the financial crisis of 2008.

“The news on home prices in this report confirm recent good news about housing,” said David Blitzer, Chairman of the Index Committee at S&P Dow Jones Indices. “Single-family housing starts are well ahead of last year’s pace, existing home sales are up, the inventory of homes for sale is down and foreclosure activity is slowing.”

Record low mortgage rates and a tighter supply of homes available for sale have helped to lift home prices. Lower unemployment also has helped with home prices, although job growth in recent months has been slower than hoped.

Earlier this month, the Federal Reserve announced it would buy $40 billion in mortgage bonds a month for the foreseeable future. This third round of asset purchases by the central bank, popularly known as QE3, is its effort to jump start the economy through even lower home loan rates.

Related: Best home deals in Best Places

Mike Larson, real estate analyst with Weiss Research, said part of the improvement in the housing market is due to investors using the low mortgage rates to buy up homes that are in foreclosure and renting them in a strong rental market.

But he said that he doesn’t think there’s much chance of housing prices forming any kind of new bubble in the foreseeable future.

“Clearly the worst is behind us for this market., but this is not a market that is going to take off again,” he said. “While you have a firming up, you still have tight lending standards and people who have been burned are reluctant or unable to get back in the market.” He predicts it will take several more years before housing prices can gain more than 1% to 2% a year.

Related: Buy or rent? 10 major cities

But that is good news for a housing market that was plagued by plunging home values and high foreclosure rates for much of the last six years. And the good news has the potential to build on itself, said Joseph LaVorgna, chief U.S. economist for Deutsche Bank.

“Housing remains a rare bright spot in an economy that is otherwise muddling through,” he wrote in a note to clients Tuesday. “The price trend for housing is significant, because it provides economic stimulus via stronger household balance sheets.”

Correction: An earlier version of this article incorrectly reported that home prices had reached a 9-year high. In fact, they rebounded to the level last seen in summer 2003, before their peak several years later. To top of page

College Tahoe Super Pass

Great opportunity for College Students to Ski This Winter! Click on the link for more details about the College Tahoe Super Pass.

Squaw Valley and Alpine Meadows Offer a New College Season Pass with No Blackout Dates for $389

[Olympic Valley and Tahoe City, Calif.] September 19, 2012 – New for this winter, Squaw Valley and Alpine Meadows have announced a new college season pass with absolutely no blackout dates. Starting at just $389, the new College Tahoe Super Pass is valid every single day of the winter season at both Squaw Valley and Alpine Meadows. The $389 price is only guaranteed through December 17, 2012.

With access to 6,000 acres, 43 lifts and over 270 trails at Squaw Valley and Alpine Meadows, the College Tahoe Super Pass is Lake Tahoe’s only dual mountain season pass with no blackout dates. College students can even experience both mountains in the same day by taking the free Squaw/Alpine express to take the quick 15 minute ride between the two resorts.

New for the 2012-13 winter season, Squaw Valley and Alpine Meadows are investing nearly $24 million in capital improvements for year two of the resort’s renaissance, bringing the total investment to more than $38 million, to date. New projects for the upcoming ski and snowboard season include significant snowmaking improvements at both resorts; a new high-speed, six-passenger chairlift and improved High Camp beginner experience at Squaw; and a mile-long terrain park at Alpine Meadows as part of both resorts’ continued partnership with Snow Park Technologies (SPT).

In addition to unrestricted access to both Squaw and Alpine, other season pass perks include eight discounted tickets for friends and family, free night skiing, free spring access to the High Camp Pool and Hot Tub, discounts at Whister Blackcomb, and lodging discounts at The Village at Squaw Valley. Click here for a full list of college passholder benefits.

To qualify for the College Tahoe Super Pass, students must be registered as full-time college students (taking 12 credits or more) for the 2012-13 winter season. Students must bring current school photo ID, a copy of course registration, and an official signed letter from school registrar stating full-time status at an accredited college to pick up their season pass.

In addition to the College Tahoe Super Pass – regular Tahoe Super Passes are available starting at $429 for adults, $319 for young adults and $229 for kids ages 5-12. The unlimited Gold Tahoe Super Pass is available for $749 for adults, $569 for young adults and $269 for kids, offering a full season of unrestricted skiing and riding with no blackout dates and other great perks. Prices are slated to go up this fall so skiers and riders can ensure the best rates by purchasing now. See squaw.com or skialpine.com to purchase a Tahoe Super Pass.

About Squaw Valley
Host of the 1960 Winter Olympics, Squaw Valley is a year-round mountain destination offering world-class adventures in every season. Come winter, Squaw is renowned for its legendary terrain that spans 3,600 skiable acres, six peaks and 30 chairlifts including a unique mountaintop beginner area and unrivaled expert steeps, chutes and bowls. In summer and fall, Squaw’s scenic Aerial Tram offers transport to a wide array of mountaintop activities in a spectacular alpine setting and The Village welcomes a full line-up of live music and festivals. For the ultimate slopeside lodging experience, guests can stay in one of The Village at Squaw Valley’s one, two or three bedroom suites, each with a fireplace, kitchen and balcony.

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, 43 lifts and 270+ trails at Squaw and Alpine Meadows on one lift ticket or season pass.

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

Pacific Fine Arts Festival in Tahoe City, Ca.

Pacific Fine Arts Festival returning this summer
August 17-19 and August 24-26

Pacific Fine Arts Fetival
Set on the North Shore of Lake Tahoe, the Tahoe City Fine Arts and Crafts Festival will give visitors a special opportunity to meet with more than 45 artisans and craftspeople showcasing a wide variety of arts and crafts including photography, oil paintings, ceramic vessels, jewelry and much more. Providing a unique venue for patrons to view original handmade creations while enjoying the outdoors, this free event take places over two weekends, August 17-19 and August 24-26 from 10 a.m. to 5 p.m. each day, at the Boatworks Marina Green in Tahoe City, an open grassy area overlooking Lake Tahoe between the Boatworks Mall and the Tahoe City Marina at 760 N. Lake Boulevard right off Highway 28. For more information, contact Pacific Fine Arts Festivals at (209) 267-4394, or visit www.pacificfinearts.com.
PFA Tahoe

Take the opportunity to experience the finest in paintings, drawings, photography, sculpture, ceramics, graphics, and jewelry at a Pacific Fine Arts Festival near Lake Tahoe this summer. Meet more than 45 award-winning artists and crafts people at these free events. Among this year’s premier artists are ceramicist Brand Henry of Truckee, CA; printmaker Laura Morton of Grass Valley, CA; award-winning jeweler Meg Black-Smith of Nevada City, CA; landscape photographer Kathleen Burks of Fernley, NV; nixed-media painter Karen Hale of Jackson, CA; and glass blower Tim Lazer of Sacramento, CA.

Stay with PlumpJack Squaw Valley Inn and Fly High with Virgin America
All reservations booked in 2012 will earn double Virgin America Elevate points (1000 per guestroom, 1500 per suite). As always, with all stays guests enjoy complimentary breakfast and valet parking.

Whether you’re looking to learn the art of fly fishing or looking to refine your skills, Matt Heron Fly Fishing located in the Olympic Valley is one of the most popular and sought after fly fishing schools in the country. The three hour Cast n’ Catch class begins with a private hour and a half of casting lessons, which leads into an hour and a half of guided fishing on the private, stocked ponds.

Package Includes:

• One night accommodations for two people

• Cast n’ Catch Fly Fishing instruction by Matt Heron for two people (can be used in 2012 or 2013)

• Fresh baked pastries or assorted cheese plate provided by PlumpJack Cafe

• Bottle of CADE Sauvignon Blanc in room upon check-in

Farm Fresh to PlumpJack Cafe & A Fresh Guestroom Rate of $159 – Celebrate the last of the summer bounty and the beginning of the fall harvest with a very special evening showcasing Executive Chef Ben “Wyatt” Dufresne’s multi-course menu and Farmer Gary Romano of Sierra Valley Farms’ freshest ingredients. Join us for an evening of creative culinary delights, perfectly paired summer wines, lots of laughter, new friends and a dramatic mountain setting.

Stay with us for an exclusive Fresh Rate of $159

Date: Thursday, September 13th
Time: 6pm welcome, 6:30 dinner
Cost: $50 for four course dinner, $85 paired with wines

Summer Wine Dinners – Our Wine Series is back for the summer. Indulge in the full Wine Dinner Menu with wine pairings in the dining room or enjoy by the glass in the bar or with your dinner.

Stay with us for an exclusive Fresh Rate of $159

Upcoming Winemaker Dinners
Aug 23rd
Honig Vineyard and Winery

Sept 7th
Orin Swift Cellars

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

Squaw Valley 1st Time Home Buyer Speaker Series June 21st!

Come join this informative event!  1st Time Home Buyer Speaker Series with a Real Estate Agent, Title Rep and a Mortgage Broker!

 

My Turn: ‘Do not be fooled’ is right
By Trinkie Watson
Special to the Sun
LAKE TAHOE — Thanks to Mark Miller for his straight-forward and realistic position on the discussion about what’s good for Lake Tahoe. As a long-term Realtor, broker and resident, I personally do not want to see any degradation of our beautiful Lake Tahoe or any part of our glorious United States, including Truckee. No community can endure without progress.

If you know history at all, when the economics of an area fail, so does the area. In past California history, look at our amazing, instant gold mine cities/communities that no longer exist … because the economics failed. In today’s world, look at Detroit and other industry-focused cities that have seriously deteriorated because manufacturing went to another country. Have you seen that email that shows what Hiroshima looks like today after we destroyed it compared to what Detroit looks like today because we discarded it?

No one wants the destruction of Lake Tahoe and our beautiful Sierra. However, people are the most important part of the equation … and they won’t stay here if we allow our communities to deteriorate. We need to come together with a realistic vision and plan so we can all continue to live here and visit here with pleasure.

There are a lot of us that have been here for quite a long time. I’m a newcomer for many, but I moved here from San Francisco in 1966 to live in Squaw Valley … from there to Truckee, to Incline Village and back to Truckee where I’ve been for 23 years. I also have participated in the ‘swells’ event — the League to Save Lake Tahoe’s wonderful Oscar de la Renta (formerly Bill Blass) lunch-fashion show. I am no longer participating because I do not support the league’s continuing use of raised funds to sue every project that’s been vetted for at least three years and approved by all the agencies.

Unfortunately, the negative voice seems to garner most media and agency attention, and that’s because those of us that support a balanced environmental and economic solution don’t jump in when we see that the public feedback is supporting the hearings and decisions of the respective agencies that have approved it. It’s after-the-fact that the naysayers jump in and sue. And, it ends up costing us all a lot of money.

As a Realtor, there’s no question that the escalating values caused many to flee … but they sold at the high and moved to other areas that didn’t cost so much. Today, prices have come down at least 30 percent, enabling more to move in and enjoy our communities, whether permanent or vacation owners. We are a resort area and we depend on our visitors and vacation-home buyers to support all of us in business.

The “Friends of whatever” want no growth and want everything to stay as it is, and that’s not practical or realistic. I love where I live and know that to continue to enjoy the true benefits of our glorious communities, we need to envision the future and support all the great volunteers (our elected representatives included) and agency employees that work very hard to consider all the variables that are included in every project that comes to the table.

Katrine “Trinkie” Breuner Watson is a a long-time broker with Chase International, in both California and Nevada.

Top 10 Turn Around Housing Markets by State

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®.

 

Making Home Affordable Programs – including HAMP, HAFA – Extended and Expanded through December 31, 2013.

The Treasury department recently released Supplemental Directive 12-02 officially extending the term of all Making Home Affordable programs – including Home Affordable Modification Program (HAMP), Home Affordable Foreclosure Alternatives Program (HAFA), the Unemployment Program (UP), and Second Lien Modification Program (2MP) through December 31, 2013. The program extensions come on the heels of the expansion and extension of the Home Affordable Refinance Program or HARP, also through December 31, 2013.

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.

 

###

 

###

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

Ultimate Proof I Believe NOW IS THE TIME TO BUY!

Ultimate Proof I Believe NOW IS THE TIME TO BUY!

by Steve Harney on April 10, 2012

I truly believe that now is one of the greatest times in American history to buy a home whether it is a primary residence, a vacation home, or an investment. Cynics may believe I speak highly of the benefits of owning real estate simply because I am in the industry as a speaker and lecturer. I want to prove that I believe in the advice I have given to our readers.

Yesterday, my wife and I were absolutely thrilled to receive the mortgage commitment on the small condo we are buying in South Beach, Florida. We are looking forward to enjoying our winters in Miami in the future. We are also excited that the condo will be able to be passed down to our children and eventually their children; enhancing our lifestyle and building family wealth at the same time. That’s exciting!!

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.

Ready to Rebound

By JONATHAN R. LAING

After falling 34% over the past six years, U.S. home prices will soon bottom. They could turn back up by spring 2013.

It hit with the ferocity of an Old Testament plague, wiping out large populations of homeowners in the U.S. Five million of the country’s 76 million mortgage holders have lost their homes to foreclosure or lender-ordered short sales since 2006, and an estimated 14 million more owe more on their homes than their properties are currently worth. In all, some $7.4 trillion in homeowners’ equity has been destroyed, according to Mark Zandi, chief economist at Moody’s Analytics, and more than two million jobs in the home-building industry disappeared.

At year end 2011, the S&P/Case-Shiller National U.S. Home Price Index fell to a record low, 33.8% below the boom peak level, recorded in 2006’s second quarter. The descent has been all the more hideous in such once-manic markets as Las Vegas, Phoenix and Miami, which, according to the Case-Shiller 20-City Composite Index, have fallen 61%, 55% and 51%, respectively, from their high-water marks.

Everyone has shared the pain. The negative wealth effect from the price decline both contributed to the virulence of the Great Recession and crimped the subsequent recovery.

At year end 2011, the S&P/Case-Shiller National U.S. Home Price Index fell to a record low, 33.8% below the boom peak level, recorded in 2006’s second quarter. The descent has been all the more hideous in such once-manic markets as Las Vegas, Phoenix and Miami, which, according to the Case-Shiller 20-City Composite Index, have fallen 61%, 55% and 51%, respectively, from their high-water marks.

Everyone has shared the pain. The negative wealth effect from the price decline both contributed to the virulence of the Great Recession and crimped the subsequent recovery.

Everyone has shared the pain. The negative wealth effect from the home-price decline contributed to the virulence of the Great Recession.

Yet as grim as these year-end readings appear to be, there are signs that the long nightmare for American homeowners is in its terminal stage, and that, maybe, just maybe, home prices will bottom and begin to turn by the spring of 2013—if not before. Certainly, the economy is doing better these days—the sine qua non for improved demand for housing. Jobs numbers have been up sharply three months in a row, leading to a jump in consumer confidence of late.

The near-record low in mortgage rates and concomitant slide in home prices has made houses and condos stunningly affordable (although stiff underwriting standards have made getting home loans more difficult). This is captured in the National Association of Realtors Housing Affordability Index, which measures how much purchasing power a median-income family needs in order to buy a median-priced home, using conventional mortgage financing.

This measure stood at 206 in January, which meant that the typical family has more than double the income needed to purchase an average home. That reading is more than twice the 102.7 at the peak of the bubble in July 2006.

MUCH OF THE HOME-PRICE DECLINE in the past six years has been fueled by the distress sales of foreclosed properties, which typically sell at discounts of 30% or more to dwellings in the conventional sales market. Distressed sales, along with vacant houses and condos awaiting a sale, trash property values for all the other homes in the immediate area.

These forced sales have weighed heavily on overall market prices that are typically reported on a metropolitan-area basis that includes cities, surrounding communities and exurbs, which are a good distance from downtown. Within many metropolitan statistical areas, a bifurcated market has developed in which a pricing recovery already is under way in communities and neighborhoods far from the areas still reeling from past excesses of subprime mortgages and predatory lending.

This phenomenon is showing up in the statistical service CoreLogic’s Home Price Index, which nicely separates distressed from nondistressed sales. Indeed, for all of 2011, prices fell 4.7% nationally from the previous year’s level. Excluding distressed sales, however, home prices dropped just 0.9%.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Of greater moment, perhaps, CoreLogic data show that nondistressed-sales prices rose 0.2% month over month in December 2011 and 0.7% in January 2012. Could this be an augur of better times to come?

Absolutely, in the opinion of Karl Case, professor emeritus at Wellesley College and one of the progenitors of the Case-Shiller indexes, launched in 2002. “If you drill down in the numbers by zip code in the Boston area, as I have done, you find that more desirable, affluent neighborhoods like Back Bay and Beacon Hill are doing just fine now—while, say, Fall River is still in the dumps and dragging down the entire Boston Metro area,” he asserts.

This bifurcated market is seen all across the country. While the Nob Hill neighborhood in San Francisco never saw values drop drastically and is now recovering nicely, Stockton, Calif., remains in the dumps. It’s a tale of two cities elsewhere, too. The Santa Monica real-estate market is doing fine, while the desert towns to the east are still suffering. And, in the Miami environs, South Beach is strengthening; Hialeah, Fla., isn’t.

Then there are areas that have been so depressed that the only direction now seems to be up.

In fact, woebegone Detroit was the only place in the latest Case-Shiller National Index to show an annual increase for December. True, the price increase was a skimpy 0.5%, but that was lots better than the 12.8% slide notched by the Atlanta area for 2011. And the only two metro areas that showed month-over-month gains in December were Miami, up 0.2%, and Phoenix, up 0.8%.

TO BE SURE, PLENTY OF headwinds remain for home sales. Unlike the stock market, home prices display much long-term momentum and inertia. Prices, all other factors being equal, tend to move in their past direction, and lenders, chastened by recent experience, remain tight with mortgage credit. Going through the home-loan application process these days is like undergoing a financial colonoscopy. In contrast, during the salad years of the housing boom, banks were shoving money at borrowers, with few questions asked.

The biggest impediment to a turn in the home market remains the so-called shadow inventory of some 3.671 million homes, according to estimates by Mark Zandi of Moody’s Analytics: those that remain somewhere in the foreclosure pipeline. Payments on some are 90-plus days delinquent; others are already lender-owned properties, known as REOs (real estate owned), that haven’t yet been listed for sale.

This inventory sits atop a market for existing-home sales that this January reached an annual pace of 4.5 million units. Moody’s Zandi, for one, finds particularly worrisome the recent $26 billion settlement of charges, alleging malpractice in home foreclosures, reached by 49 state attorneys general and the five largest lenders and mortgage servicers in the U.S. If nothing else, as a result of this, the shadow inventory will hit the home market far faster than it would have otherwise.

“While I feel better about U.S. home prices than I have in six years, I do think that a pickup in foreclosure and short sales could push U.S. home prices down another 5% this year, before the market bottoms next spring,” says Zandi. (In a short sale, the lender and homeowner agree to sell the home at a loss with the proceeds going to the lender in lieu of an actual foreclosure.)

Others are more sanguine.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Eleven forecasters surveyed this year by the Federal Reserve Bank of Philadelphia predicted, on average, that the Case-Shiller National Index would fall by just 0.2% this year—and that it would rise 1.2% in 2013. Even if the decline were to reach Zandi’s 5% level in 2012, it would be off such a low price base as to be almost imperceptible.

If the market bottoms out early next year, as Barron’s expects, any recovery is liable to be somewhat tepid for a while. Buyer psychology has been shredded by the housing bust: The notion of housing as investment, rather than shelter and a wasting capital good, has been destroyed. Meanwhile, lots of sellers, anxious to downsize or liquidate, remain in the wings, ready to pile into the market at the first sign of a rebound.

A pricing model recently developed by Goldman Sachs predicts a rise in nominal prices of a cumulative 30% over the next 10 years, for a real return of 1% annually, after adjusting for inflation. But if tax changes like the elimination of deductibility of mortgage interest materialize, long-term appreciation in home prices could hew more closely to inflation, with little in the way of real returns.

NONETHELESS, THE POSITIVES these days outweigh the negatives.

Take the daunting 3.7 million homes that Moody’s estimates is in the shadow inventory. Zandi points out that this foreclosure pipeline has been steadily shrinking since its peak of 4.53 million homes in the first quarter of 2010. The decline is primarily a result of a precipitous drop in loans entering the foreclosure channel.

The 30- and 60-day early-stage delinquency rate has been dropping like a stone for several years because of tightened mortgage-underwriting standards.

Likewise, Zandi expects that the shadow inventory could be reduced by at least 700,000, thanks to recent changes in Uncle Sam’s Home Affordable Modification Program to encourage lenders to reduce the principal on loans in early-stage default.

He also expects investment demand from all-cash buyers for homes in hard-hit areas like Nevada, Arizona, California and Florida to take lots of properties out of the shadow inventory. Rising rent rates make the strategy appealing to buyers seeking attractive cash returns while they await a turn in the market.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

The Federal Housing Finance Agency, which regulates Fannie Mae and Freddie Mac, is also encouraging them to make bulk sales to investors of their large portfolios of foreclosed properties.

CoreLogic’s chief economist, Mark Fleming, thinks that the size of the true shadow inventory—the number of homes that will reach the market as distressed sales—totals only about 1.6 million. Such transactions, which accounted for 28% of all existing home sales in December, won’t return to the record 33% they hit in February 2011, he adds.

The demand for housing could pick up markedly in the years ahead, just from population growth, or, in census lingo, household formation.

The Great Recession of 2008-09 sparked a collapse in household formation, as adult children postponed striking out on their own or moved back to their parents’ homes after losing, or failing to find, jobs.

The household-formation rate plummeted to 300,000 during 2008, from more than 1.7 million in 2005. But the Canadian economic research outfit BCA sees the U.S. rate surging to its historic annual average of around 1.3 million in the years ahead, boosting the demand for rental apartments first and then spilling into the housing market. BCA reckons that five million new households will have to be formed simply to return the ratio of households to population to normal levels.

Perhaps no one knows more about residential real-estate price trends then Yale economist Robert Shiller, the co-creator of the Case-Shiller indexes. He has studied prices going back many years, including those in one neighborhood in Amsterdam that has been around for literally centuries.

While he’s reluctant to predict definitively when the U.S. housing bust will end, he points to one leading confidence indicator that appears to be signaling a market turn—the National Association of Home Builders/Wells Fargo Housing Market Index.

This monthly survey seeks to capture shifts in builders’ perceptions of current and future market conditions and buyer traffic. The index has been on a tear of late, rising five months in a row and to its highest level since 2007. Home-builder stocks likewise have blasted off since the October 2011 stock-market low, with Beazer Homes (ticker: BZH) up some 167%, Toll Brothers (TOL), 81%, and the SPDR S&P Homebuilders exchange-traded fund (XHB) up 74%.

This confidence index, Shiller notes, topped out almost seven years ago, in the very month that he boldly predicted in a Barron’s article that the U.S. home market was on the verge of a monumental collapse that would see prices fall an inflation-adjusted 50% (“The Bubble’s New Home,” June 20, 2005).

“It’s amazing how on target that prediction was, since nationally the market is already down 40% in real terms,” Shiller said in a recent telephone interview.

The Yale economist isn’t sure why the builder-confidence reading has been such a good leading indicator. After all, the market for new homes even in strong years never accounts for more than 20% or so of all sales; existing houses and condos account for much more. And lately, the figure has sunk to around 6%. Perhaps home builders have a deeper insight into potential buyers’ psychology—although if their grasp of market conditions were that good, many of them wouldn’t have gone belly-up during the bust.

The Obama administration certainly hopes that housing is on the verge of a turn. So do the host of homeowners anxious to unload their properties. One very positive sign: The inventory of new and used homes is around a six-month supply, a decline from the peak in 2008 of more than 10 months.

That bodes well for continued economic recovery and could win President Barack Obama another four years in the White House. But for baby boomers who once hoped to retire on the proceeds of selling a home, the best advice may be: Don’t quit your day job.

 

 

Brian Sly

 

President

Brian Sly and Company, Inc.

Registered Investment Advisor and Consulting Corporation

73 Scenic Drive  |  Orinda, CA  94563

Click Here to View The 2011 Year End Statistics plus Price Band Charts for Squaw Valley Ski Area

 

Old Greenwood is currently offering exceptional fractional real estate opportunities and for the first time an Annual Golf Pass at Old Greenwood and The Golf Club at Gray’s Crossing.

Fractional Home Offerings

The available supply of homes for sale in the Tahoe region has fallen nearly 50% since this time last year, as many families have taken advantage of remarkable deals in local real estate.

Similarly, 76 fractional ownership units were snapped up at Old Greenwood in 2011, leaving relatively few remaining properties. However, a small number of remarkable values exist both through the Developer and on the secondary market, offering an extraordinary opportunity to own in Lake Tahoe’s premiere year-round resort community.

Take advantage of this limited opportunity by purchasing one of only seven remaining two-bedroom townhomes from the Developer and pay only $10,000. Choose your primary use period from available weeks in January, February, or March.

As an additional bonus, each of the next ten buyers to purchase directly from the Developer will be entered into a drawing to win $10,000 cash – that is a 1 in 10 chance at $10,000!

Please contact Old Greenwood for details and availability at (530) 550-7060 or info@oldgreenwood.com.

 

Enjoy Unlimited Golf at Lake Tahoe

For the first time, Tahoe Mountain Club is offering an Annual Golf Pass to play unlimited golf at Old Greenwood and The Golf Club at Gray’s Crossing. The Golf Pass is available to the Public or as an upgrade to Tahoe Mountain Club Membership.

2012 Annual Golf Pass Rates Individual – $2,950 / year for Public — $1,500 / year for TMC Member Couple – $3,950 / year for Public — $2,000 / year for TMC Member Family – $4,950 / year for Public — $2,500 / year for TMC Member

Annual Golf Pass holders enjoy the following benefits: Unlimited Golf at Old Greenwood and Gray’s Crossing (cart fee only) Unlimited practice at Old Greenwood Member rates for up to 7 accompanied guests Bag storage at Old Greenwood or Gray’s Crossing Day use locker at Old Greenwood 20% discount on private lessons, adult golf schools and clinics at The Golf Academy Special Passholder events NCGA Membership/handicap *3 Free Early Season Guest Rounds when Pass is purchased by March 15th

 

 

National Geographic hails Truckee as one of world’s best ski towns

Sierra Sun

 

TRUCKEE, Calif. — Truckee has found itself in good company sitting among the world’s best ski destinations, earning a distinguished accolade from the editors of National Geographic Adventure as one of the world’s top 25 ski towns.

The article, which was published this month, breaks down what constitutes a classic ski town. Truckee is celebrated as “an inviting mountain burg steeped in ski heritage, amenities, and culture.”

Truckee is heralded as being a relaxed town where locals live. Squaw Valley, famed for its extreme terrain, is referred to as Truckee’s “alpha mountain,” and calls out Northstar, Sugar Bowl, Tahoe Donner and Soda Springs reflecting the variety of terrain and opportunities nearby.

The article has some fun exploring what makes a place really tick by asking local luminaries for insider tips. Truckee’s own Daron Rahlves, four-time Olympian, 15-year member of the U.S. Ski Team stepped up to answer the journalist’s questions, recommending his picks of where to stay, play, and party.

Visit http://adventure.nationalgeographic.com/adventure/trips/best-ski-towns-photos/ and scroll along for Truckee.

“This article provides the reader with a sense of Truckee’s colorful history and authentic charm, and also makes it clear that we sit right in the midst of many world-class ski resorts,” said Lynn Saunders, president and CEO of the Truckee Donner Chamber of Commerce. “Truckee’s mountain culture and fun-loving lifestyle are a draw for people who live here, visit here, and for those who decide that they want to be part of our remarkable community, by moving here.”

Other ski towns making the elite list include Telluride, Colo.; Stowe, Vt.; Park City, Utah; Jackson, Wyo.; Ketchum, Idaho; Girdwood, Alaska; Chamonix, France; Zermatt, Switzerland; Niseko, Japan and Wanaka, New Zealand, among others. *******************************************************************************

 

About Truckee

Truckee is 40 miles from the Reno-Tahoe International Airport, two hours from Sacramento and three hours from San Francisco directly off Interstate 80. Contact the Truckee Donner Chamber of Commerce at 530-587-2757 or visit www.truckee.com for more information.

Truckee, California

Photograph by Hank deVre, Squaw Valley

Best For: Families with aspiring ski or rider rock star kids; also, ski and rider rock stars

In the Sierra Nevada north of Lake Tahoe, between Reno and South Lake Tahoe, the old logging and railway town of Truckee has bloomed into a ski mecca, with no less than eight different ski areas within 15 miles. The first recorded ski lift in the U.S. was a Truckee steam-powered tobaggan lift in 1910, and the burg still maintains much of its Old West character, with wooden walkways in its historic downtown and a still active, clapboard train station (Amtrak service twice daily). Its population of 16,180 is growing fast, but the relaxed town has managed to eschew the glitz of the larger Tahoe resort scene. This is where the locals live.

With many of its ski areas receiving some of the highest average snowfall totals in the country—more than one ski area ran lifts on the Fourth of July this past year—it’s easy to understand why the locals choose to live here. Famed for its extreme terrain and appearances in countless ski movies, Squaw Valley is Truckee’s alpha mountain, with six distinct peaks, a superpipe, and plenty of bleached hair and mirrored goggles. It’s called “Squallywood” for a reason. A recent merger with neighboring Alpine Meadows, a family favorite, will, when connected, create the one of the country’s largest ski areas. Northstar, six miles southeast of town, is an intermediate’s paradise; Sugar Bowl has steeps that rival Squaw but with fewer crowds; Tahoe Donner, right in town, and nearby Soda Springs are perfect for beginners.

Ask a Local

Daron Rahlves—four-time Olympian, 15-year member of the U.S. Ski Team, and current Sugar Bowl ski ambassador—moved to Truckee with his family when he was 19 and is now raising his own children there. Here are his recommendations.

Best Digs

Budget: The historic Truckee Hotel

Swank: Resort at Squaw Creek is ski-in, ski-out at Squaw

Best Eats

Cheap: Tacos Jalisco, a classic taqueria

Gourmet: Cottonwood Restaurant and Bar, in a former ski lodge overlooking downtown

Best After-Ski Party Spot

Pastime Club is a happening dive bar.

Best Rest-Day Activity

Take a dogsled ride at Sugar Bowl or jump in Lake Tahoe.

Truckee’s Classic Ski Run

Rahlves’ Run at Sugar Bowl

Press Releases

Trinkie Watson and David Gemme Rejoin the Exclusive Haute Living Real Estate  Network

PRWeb

SFGateMarch  8, 2012 04:00 AMCopyright  SFGate. All rights reserved. This material may not  be published, broadcast, rewritten or redistributed.

Thursday, March 8, 2012


Trinkie Watson and David Gemme, prominent real estate agents in the Lake  Tahoe market, have rejoined the prestigious Haute Living Real Estate  Network.

Lake Tahoe, NV (PRWEB) March 07, 2012

Trinkie Watson and David Gemme, prominent real estate agents in the Lake  Tahoe market have rejoined the prestigious Haute Living Real Estate Network.  This exclusive circle of leading real estate agents is invited to bring opulent  estates and luxury properties to Haute Living readers. With over a combined 50  years of Lake Tahoe sales, Trinkie Watson and David Gemme specialize in selling  water front properties in Lake Tahoe, California, and Nevada. Haute Living  Magazine will feature Watson and Gemme as exclusive Haute Living real estate  professionals.

Read more about the duo here. www.hauteliving.com/luxury-real-estate/agent-Trinkie-Watson-+-David-Gemme/573

###

About Haute Living Real Estate Network Haute Living Real Estate Network  specializes in selecting top real estate professionals, creating the most  prominent directory for exclusive listings. The network website is an online  destination for all things real estate-related and features daily blog posts  providing up-to-date news on affluent markets and real estate developments.  Access all of this information and more by visiting www.hauteliving.com/hlrn.

About Trinkie Watson and David Gemme Watson and Gemme have spent a  combined 50-plus years selling in Lake Tahoe. The pair is focused on finding  exceptional properties for their clients. They embrace abundance, integrity and  fulfillment of each client’s dreams.

 

For the original version on PRWeb visit: www.prweb.com/releases/prweb2012/3/prweb9263559.htm

Read more: http://www.sfgate.com/cgi-bin/article.cgi?f=/g/a/2012/03/07/prweb9263559.DTL#ixzz1oYKa8KeQ

North Lake Tahoe Snowfest March 2nd – 11th 2012

Celebrating 31 years of Family Fun in North Lake Tahoe!

Make plans to be here for another great celebration!

Every spring since 1982, North Lake Tahoe comes alive with ten fun-filled days and nights, jam packed with events and activities for all ages. This year, the annual favorites will be back, along with a host of great new ones! On and off the mountain, at North Tahoe’s numerous resorts and vibrant lakeside neighborhoods, there’s something for everyone. Enjoy on-snow events at resorts like Squaw Valley USA, Alpine Meadows, Homewood, Diamond Peak, and Northstar-at-Tahoe; Participate in special events, parades, races, parties, concerts, theater; and of course, there’s plenty of wining and dining to be had at North Lake Tahoe’s fine restaurants and lively establishments.

Join in and celebrate the fun and frolic of winter! There’s no better time to be in North Lake Tahoe. Snow conditions in early March are some of the best of the season. http://www.tahoesnowfestival.com

Rhalves’ Bonzai Tour 2012~Stop at Squaw Valley March 2nd & 3rd!

Squaw Valley USA will host the Rahlves’ Banzai Tour with the KT-22 Banzai on the opening weekend of North Lake Tahoe SnowFest. The iconic KT-22 chair accesses Squaw’s most epic terrain and RBT gets a piece of the action. Start location and route will be off the top of KT hooking a right into GS Bowl, funneling into Schimmelpfennig and motoring to the bottom of Julia’s Gold. The upper section can have some airs in play depending on speed and tactics of competitors. The best seat in the house will be on the KT-22 chair as heats battle down the mountain, on corner at top of Extrabitchin’ Chair and at the base area finish. Rahlves’ Banzai Apres Party, hosted by High Fives Org will be at The Loft Bar in Le Chamois. The local watering hole where the good times roll. http://rahlvesbanzai.com/

Squaw Valley Prom 2012

Squaw Valley Prom 2012

Saturday, February 25, 2012 – 18:00

Get out that 80’s attire and dress for success! Back for its 8th year, the biggest party of the season is taking us back to ’88. You know what to do… book your appointment to get that perm, and men start growing that mullet today.

This event does sell out, so get your tickets today: http://squawvalleyprom.eventbrite.com

Village at Squaw Valley Proposed Master Plan….What’s to Come?

Markets with largest percentage-based price declines in Q4 2011

NAR: 29 metros with double-digit percentage declines on a year-to-year basis
BY INMAN NEWS, FRIDAY, FEBRUARY 10, 2012.
Inman News®

Home prices falling image via Shutterstock.

The Boise City-Nampa, Idaho, metro area led the nation with a 20.2 percent drop in its single-family existing-home median home price in fourth-quarter 2011 compared to the same quarter in 2010, the National Association of Realtors reported this week.

Metros with double-digit percentage-based price declines (Q4 2011 vs. Q4 2010)
Rank U.S. metro % decline
1 Boise City-Nampa, Idaho -20.18%
2 Binghamton, N.Y. -19.44%
3 Allentown-Bethlehem-Easton, Pa.-N.J. -17.78%
4 Atlanta-Sandy Springs-Marietta, Ga. -17.03%
5 Springfield, Mo. -15.63%
6 Mobile, Ala. -15.08%
7 Edison, N.J. -14.92%
8 Rockford, Ill. -14.16%
9 Milwaukee-Waukesha-West Allis, Wis. -14.09%
10 Trenton-Ewing, N.J. -13.84%
11 Dover, Del. -13.30%
12 Akron, Ohio -13.20%
13 Norwich-New London, Conn. -12.22%
14 Pittsfield, Mass. -12.07%
15 Reno-Sparks, Nev. -12.05%
16 Beaumont-Port Arthur, Texas -11.82%
17 Gainesville, Fla. -11.58%
18 Deltona-Daytona Beach-Ormond Beach, Fla. -11.52%
19 Bridgeport-Stamford-Norwalk, Conn. -11.50%
20 Virginia Beach-Norfolk-Newport News, Va.-N.C. -11.46%
21 Chicago-Naperville-Joliet, Ill. -11.19%
22 Tallahassee, Fla. -11.13%
23 Gulfport-Biloxi, Miss. -11.08%
24 Tucson, Ariz. -10.59%
25 New Orleans-Metairie-Kenner, La. -10.51%
26 Providence-New Bedford-Fall River, R.I.-Mass. -10.26%
27 San Francisco-Oakland-Fremont, Calif. -10.23%
28 Phoenix-Mesa-Scottsdale, Ariz. -10.20%
29 Cleveland-Elyria-Mentor, Ohio -10.11%
Source: National Association of Realtors.

And 29 of 149 metros tracked in the quarterly price report experienced a double-digit percentage decline year over year in fourth-quarter 2011.

Three of 10 metros with the largest year-over-year price decline in the fourth quarter are in New Jersey, and one is in New York.

Metros with double-digit percentage-based price declines (Q4 2011 vs. Q3 2011)

Rank U.S. metro % decline
1 Bridgeport-Stamford-Norwalk, Conn. -20.64%
2 Trenton-Ewing, N.J. -16.72%
3 NY: Newark-Union, N.J.-Pa. -16.15%
4 South Bend-Mishawaka, Ind. -15.51%
5 Saint Louis, Mo.-Ill. -14.65%
6 Chicago-Naperville-Joliet, Ill. -12.47%
7 Peoria, Ill. -12.22%
8 Allentown-Bethlehem-Easton, Pa.-N.J. -11.71%
9 Champaign-Urbana, Ill. -11.68%
10 Boston-Cambridge-Quincy, Mass.-N.H. -11.61%
11 Cumberland, Md.-W.Va. -11.46%
12 Springfield, Mass. -11.14%
13 Atlanta-Sandy Springs-Marietta, Ga. -11.09%
14 New York-Wayne-White Plains, N.Y.-N.J. -10.84%
15 Birmingham-Hoover, Ala. -10.59%
16 Rockford, Ill. -10.53%
17 Pittsfield, Mass. -10.05%
18 Columbus, Ohio -10.04%
Source: National Association of Realtors.

Bridgeport-Stamford-Norwalk, Conn., had the largest quarterly price decline, NAR reported, falling 20.6 percent from third-quarter 2011 to fourth-quarter 2011.

Illinois and New Jersey accounted for Seven of 10 metros with the highest quarterly percent-based price drops from third-quarter 2011 to fourth-quarter 2011, and 18 markets experienced double-digit percentage declines on a quarter-to-quarter basis.

The National Mortgage Settlement-An Article by The KCM Blog


National Mortgage Settlement: What You Need To Know

by The KCM Crew on February 13, 2012

Last week, the Federal government and 49 state governments (Oklahoma being the exception) agreed to a $25 billion settlement regarding robo-signing and the challenges it created in the foreclosure process. We want to give a synopsis of the settlement and some perspective on what effect it will have on the housing market in 2012.

The Basics

The $25 billion in funds will be dispersed as follows:

$17 Billion National Commitment to Foreclosure Relief Efforts
The servicers collectively agree to commit a minimum of $17 billion directly to borrowers through foreclosure relief effort options, including principal reduction for qualifying borrowers, short sales, anti-blight measures, and enhanced homeowner transition programs.

$3 Billion National Commitment to Underwater Mortgage Refinancing Program
The servicers collectively agree to commit $3 billion to refinance “underwater” homes (when a homeowner owes more on a mortgage than a home’s current market value). To qualify, borrowers must be current on their mortgage payments on a mortgage owned by one of the five banks.

$5 Billion Payment to States and Federal Government
The servicers’ $4.25 billion payment to the states includes $1.5 billion for payments to borrowers who lost their home to foreclosure by one of the five servicers…$750 million of the state-federal payment will go to the federal government to resolve federal claims.

For further details on the settlement you can go to the official website.

Will the Settlement Have a Major Impact on a Housing Recovery?

Probably not. Though it is a step in the right direction, it may be too little too late. Here are some opinions on the settlement:

IHS Global Insights

“Like many previous plans to stem foreclosures, this agreement will help at the edges. The problem is too big for it to have a large impact, however…This agreement will help the housing market move ahead in 2012 in a small way. But it is hardly a game changer.”

HSH.com

“While there is no doubt some benefit to formalizing and organizing the process of foreclosure and better monitoring of the process, the fact is that the settlement changes little.”

Capital Economics

“While it is good that the settlement has been finalized and will offer principal reductions and refinancing schemes to borrowers, the bigger picture is that the settlement is not large enough to dramatically alter the outlook for the housing market or the wider economy.”

What about Foreclosures Moving Forward?

The settlement did bring clarity to one major issue – foreclosures. Banks have been holding off the foreclosure process on millions of homes over the last 18 months as they waited for the particulars of the settlement. They now know how they can move forward without penalty. The result will be an increase in foreclosures coming to the housing market.

Housing Wire

“It will speed up processing, and perhaps mean that foreclosures that have been waiting around since robo-signing came to light in 2010 will now gain legitimacy.”

Calculated Risk

“It does appear the number of completed foreclosures will increase following this settlement – especially in some judicial states with large backlogs – so there will probably be more REOs (lender Real Estate Owned) for sale.”

Bloomberg News

“The $25 billion settlement with banks over foreclosure abuses may result in a wave of home seizures…Lenders slowed the pace of foreclosures as they negotiated with attorneys general in all 50 states for more than a year over allegations of faulty and fraudulent paperwork used to repossess homes. With yesterday’s agreement, banks are likely to resume property seizures.”

Wells Fargo

“Mark Vitner, a senior economist at Wells Fargo Securities, said the settlement helps the housing market in the long run because it allows banks to proceed with millions of foreclosures that have been stalled. Many lenders have refrained from foreclosing on homes as they awaited the settlement.”

What Happens When You Walk Away From Your Home?

What Happens When You Walk Away From Your Home?

It was just last summer that Charlotte Perkins made the hardest decision of her life as she and her husband Jim were caught in the vise of the housing bust.

Wanting to downsize their lives as they headed toward retirement, they bought a new house in Mesa, Arizona, before they sold the old one, also in Mesa. Their previous home had been appraised at nearly $400,000 at the height of the market, but as the housing crisis ravaged Arizona, they were told they’d be lucky to get $200,000 for it.

They were carrying a loan of $260,000 on their original home alone, meaning they were well ‘underwater,’ owing much more than it was worth. Combined with the mortgage on the new house, their housing payments had become an “anchor around our necks,” she says, threatening to gobble up all their retirement savings and leave them with nothing.

The couple made a difficult call: They would do a ‘strategic default,’ and simply stop paying the old mortgage. “We really had to wrestle with it,” said Perkins, 60. “We had worked all of our lives to build good strong credit, and we’re proud people. But it came down to, ‘Can we keep doing this?’ We had to say ‘No.'”

As the housing bust drags on, many homeowners are thinking like Perkins. Almost 11 million homes are now underwater, says financial information provider CoreLogic. Around 3.5 million homeowners are behind in their payments and another 1.5 million homes are already in the foreclosure process, according to online marketplace RealtyTrac.

As banks start to work through their backlog of distressed properties, the New York Federal Reserve estimates that 3.6 million foreclosures will take place during the next couple of years.

So, the question is: Does it make sense to keep paying a massive mortgage, knowing that it might be decades before a home regains its prior value? Or is that akin to – as columnist James Surowiecki recently wrote in the New Yorker – “setting a pile of money on fire every month”?

“I constantly get the saddest e-mails from people saying, ‘I’ve exhausted all my life savings, my retirement is gone, and now I have to default,'” said Jon Maddux, CEO of YouWalkAway.com,

a foreclosure agency that helps clients with strategic default (and charges a fee for it). “But if they had seen the writing on the wall a couple of years earlier, stopped paying the mortgage and stayed in the home throughout the whole process, they would be in a much better financial position.”

Moral Quandary

There’s a moral component to that decision, of course. People naturally feel embarrassed about breaking a contract and not paying their bills; no one wants to be branded a deadbeat. But remember that companies default on their obligations when it makes financial sense for them to do so, via the bankruptcy process. Even the Mortgage Bankers Association itself, in a flourish of irony, arranged for a short sale of its Washington headquarters.

It’s not personal; it’s business. So think of strategic default as a business decision, and do a cold-eyed cost-benefit analysis of whether it makes sense for you, advises Carl Archer, an attorney with Maselli Warren in Princeton, New Jersey.

[Also see: Small Money Missteps That Can Cost You Big]

“People think it reflects on their integrity, and say ‘I wasn’t raised this way,'” said Archer. “But the more businesslike attitude is to say that there’s a contract, there are penalties for violating that contract, and sometimes it just makes financial sense to break it.”

The penalties largely revolve around your credit record, which admittedly gets blown up in the near-term. For a few years you can likely forget about qualifying for a mortgage or a car loan. When lenders are ready to take a chance on you again, you’ll have to pay for the privilege, with stiff interest rates due to your default history.

What Happens to Scores

Charlotte Perkins watched her credit score go from a pristine 800 to 685, dropping every time she missed a payment. Credit-scoring firm FICO estimates that someone with a 680 score would see that number sink between 85-100 points after a strategic default, and someone with 780 could crater 140-160 points.

Not desirable, of course, but not the end of the world either. For Perkins, for instance, she already had a loan on her Ford Escape, and the mortgage on her new house, before she even started the default process. She hasn’t seen any changes on her credit cards since, in terms of limits or interest rates.

Now that the previous home was auctioned off in December, she can start slowly rebuilding her credit, a process that should take about seven years.

Strategic default isn’t a decision to be taken lightly, of course. If everyone did it, the housing market — and the banks — would be in much worse shape than they already are.

The following are some of the issues to keep in mind:

1. Look to it as a last resort, not a first option. Your financial troubles could be alleviated with a simple refinancing, especially since 30-year mortgage rates are near record lows of below 4 percent. If the banks are hesitant to rework your loan, look into the number of government programs designed to keep you in your home, which can be researched at MakingHomeAffordable.gov.

2. Location, location, location. Each state has its own rules and regulations regarding foreclosures, which affect both the length of the process and what you could be liable for in the end. In so-called ‘non-recourse’ states like Arizona, California and Texas, a lender cannot come after you for any deficiency (for instance, if your mortgage was $300,000 and they’re only able to sell the property for $200,000). In other states they can pursue the difference, in theory – which is why some homeowners opt to file for bankruptcy, to free themselves from those potential obligations as well.

3. Use the interim to save like a demon. If you’re in a state like New York or Florida, which require a judicial review of every foreclosure, it might be a couple of years before you actually have to pack up. In the meantime, be extremely disciplined about stockpiling cash. That will help you with a down payment for a rental, to pay for a car in cash if you need to, or to clear up other debts you might have. “Save money as if you were still paying the mortgage,” says Archer. “If you don’t, then you’ll run out of both time and money, and then you’ll be in a real tough spot.”

4. Know the tax implications. Historically, if you have a debt that’s forgiven, the canceled amount is considered taxable by the IRS. In the wake of the housing bust, though, the Mortgage Forgiveness Debt Relief Act was drafted to spare you those taxes. That legislation expires at the end of 2012, though – so if it’s not extended, you could potentially face a tax bill for the difference.

5. Talk to a professional. A bankruptcy or real-estate attorney can help you through a very tricky process. The National Association of Consumer Bankruptcy Attorneys, for instance, has a searchable database of lawyers at www.nacba.org.

“Strategic default is not an easy decision, and there’s a cost either way,” said Gerri Detweiler, director of consumer education for Credit.com. “Would you rather be $200,000 underwater, or would you rather have seven years of damage to your credit report? It depends whether you’re finally at the point where enough is enough

By Chris Taylor | Reuters

Comparing Real Estate to Other Investments

You can’t compare gold to real estate as an investment as gold is a very liquid asset and it would take more time and effort to sell a house. We were not trying to make the case for real estate vs. gold as an investment in our blog. We were just showing that all investments go through cycles and that the best time to buy any investment may be when everyone is saying not to.

However, since the subject of comparing real estate to other investments has come up, let’s take a closer look. There are two major advantages to investing in a home of your own rather than another option:
You Can’t Live in Your IRA
When you buy your own home you are not taking available dollars away from another investment. You are replacing one housing expense (rent) which has no potential for a return on investment with another (mortgage payment) that does give you an opportunity for a return. We realize that there has been research showing that over the last 30 years renting has been less expensive than owning. That research also says that if you invested the entire difference between the rent payment and mortgage payment you may have done better financially. There are two challenges with this conclusion:
1. Today, in the vast majority of the country, renting is actually more expensive than owning a home.
2. History has proven that tenants DO NOT invest the difference in their rent and mortgage payments.
Today, study after study shows that owning a home is no more expensive than renting a home. However, even if this wasn’t the case, history shows that owning a home creates greater wealth.
Paying a mortgage creates what financial experts call ‘forced savings’. The Joint Center for Housing Studies at Harvard University released a study last year titled America’s Rental Housing: Meeting Challenges, Building on Opportunities. In the study, they actually quantified the difference in family wealth between renters and homeowners:
“[R]enters have only a fraction of the net wealth of owners. Near the peak of the housing bubble in 2007, the median net wealth of homeowners was $234,600—about 46 times the $5,100 median for renters. Even if homeowner wealth fell back to 1995 levels, it would still be 27.5 times the median for renters.”
There Are Tremendous Tax Advantages to Investing in a Home
There is no doubt that selling an investment such as gold is easier than selling your home. However, this liquidity comes at a price. The price is called capital gains. That is the tax you pay on any financial gain you receive from the investment. This tax doesn’t apply the same way when you sell your primary residence:
Theresa Palagonia, a CPA and the Accounting Manager for the firm G.S. Garritano & Associates, was good enough to explain the Home Sale Exclusion Rules:
“You may qualify to exclude from your income all or part of any gain from the sale of your main home.
Maximum Exclusion
You can exclude up to $250,000 of the gain on the sale of your main home if all of the following are true:
• You meet the ownership test.
• You meet the use test.
• During the 2 year period ending on the date of the sale, you did not exclude gain from the sale of another home.
If you and another person owned the home jointly but file separate returns, each of you can exclude up to $250,000 of gain from the sale of your interest in the home if each of you meets the three conditions listed above.
You may be able to exclude up to $500,000 of the gain on the sale of your main home if you are married and file a joint return and meet the requirements. (Special rules apply for joint returns.)
Ownership and Use Tests
During the 5 year period ending on the date of the sale, you must have:
• Owned the home for at least 2 years, and
• Lived in the home as your main home for at least 2 years
Certain exceptions exist in which you may qualify for the exclusion without satisfying the tests listed.”

Bottom Line
Every investment has pros and cons. That is why there is such an assortment of great opportunities. Real Estate has been, is and always will be one of those opportunities.

by The KCM Crew

2011 Year End Sold Stats for Lake Tahoe

Here are the 2011 year end stats for sold properties around Lake Tahoe.

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

How To Be On Top…Real Estate 2012

How To Be Top

As we enter a New Year Nick Churton of Mayfair international Realty takes a look at what may lie ahead for the real estate market.

Although mature real estate brokers and agents are apt to say that they have seen it all before, this time it is different. No one has seen this market under this set of national and international financial conditions before. But what is rather refreshing is that the uncertainty now cuts down the speculation aspect of a home purchase and strips the requirement to buy down to the real and age-old essentials. This makes for easier choices.

Le Corbusier, the pioneering architect, stated that, “The requirements for a house should be to provide a shelter against heat, cold, rain, thieves and the inquisitive”. He didn’t add that a home should also provide its owner with an investment return of seven per cent year-on-year.

For the first time since, perhaps, the 1960s property investment can take more of a back seat in the home buying mindset and, instead, fundamental life requirements can come back to the fore. Of course with other financial instruments providing so little in the way of return, real estate is a natural arena in which to invest. But with little or no indication about if or when the market will return in any zest we are left with simpler decisions and choices – does a home suit our requirements in size, location, style and price?

It is although our needs have been simplified in the way they may have been fifty years ago. With less frenzy and greater choice, for a while at least, this may be a very good time to choose a primary or secondary home for all the very best lifestyle reasons.

We quickly learn to expect that there is an investment opportunity to be gained from property purchase in a rising market. But we are rather slow to appreciate the reverse is likely in a poor market and/or in particularly adverse economic circumstances as we have now.

2011 was a hard year in property and this year may not be much better. We may have new US, Russian and French presidents, more ructions in Europe and the Middle East, and greater privations at home before we see greater improvement. But still there is a reassuring level of market activity that has more to do with need than discretion. This is the market we have and this is the market we have to deal with – and deal with it we will.

But real estate buyers and sellers should not be deterred. Indeed they should be encouraged as the more life there is in the real estate market the more life there is in the economy. But those still insisting on the sort of financial profit they may have achieved several years ago should perhaps think again and get real. It will be the enlightened that get to the top of the property class in 2012, not those in denial.

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.

Chase The “PUSH” Fundraising for Grant Korgan

TAHOE, Calif. — Adaptive athlete Grant Korgan took his first sit-ski push on frozen Antarctic ground Jan. 7. Korgan is attempting to become the first adaptive athlete in history to reach the South Pole. He hopes to achieve this goal on the 100-year anniversary of Captain Robert Falcon Scott’s Terra Nova Expedition arrival. Korgan estimates it will require 250,000 arm pushes to reach the pole.

“For me, each stroke is a full-on exhausting muscle recruitment and utilization. I can propel myself approximately 2 feet per stroke. To go 100 miles to reach the Pole, I am going to need to do 250,000 total push. I’ll be pushing 10 hours a day, for 10 straight days,” Korgan said.

On Saturday, Jan. 14, Gallery Keoki and Chase International are hosting “Chase the Push” from 6-8:30 p.m., fundraising for the expedition and its affiliate nonprofit foundation, High Fives Nonprofit Foundation. The program, hosted by the Push team’s film director Steven Siig at Gallery Keoki in Squaw Valley, includes a live satellite phone call from the team in Antarctica just days before they reach to the south pole. Cuts of Siig’s upcoming full-length documentary film will be previewed. Food and drinks will be served.

The Push is selling $10 “push” donations, with the mission to reach 250,000 supported pushes. Online donations are available at www.southpolepush.com. To attend the “Chase the Push” event, please RSVP to info@gallerykeoki.com.

“The Push” is in support of the High Fives Foundation, a California-based 501c3 non-profit organization whose mission is to help winter athletes suffering life-altering injuries get back on their feet, and ideally, back to their sport. Learn more at www.HighFivesFoundation.org.

“The Push” is also in support of The Reeve – Irvine Research Center, a science research facility at University of California, Irvine devoted to the study of repair, regeneration and recovery of function after spinal cord injury. Learn more at www.reeve.uci.edu.

To learn about sponsorship opportunities and follow “The Push” journey visit www.southpolepush.com.

Is the Real Estate Market Getting Better in 2012?

People Are Buying Homes AND GETTING MORTGAGES!

by The KCM Crew on January 11, 2012

Many believe that very few houses are selling and that almost no one can get a mortgage. We want to let everyone know that neither of these assumptions is true. Recently, the National Association of Realtors (NAR) released their Existing Homes Sales Report. According to the report there are, on average, 12,109 homes selling in the United States EACH and EVERY DAY! That means that approximately 12,000 houses sold yesterday, approximately 12,000 will sell today and approximately 12,000 will sell tomorrow. So the thinking that homes aren’t selling just isn’t true.

Another interesting fact in the report was that 72% of these transactions were accompanied by a mortgage. That means that approximately 8,719 people qualify for a mortgage on a daily basis in this country.

There are over 12,000 homes sold and over 8,000 mortgages granted every day. The real estate market is doing better than many believe.

CHASE The PUSH: Fundraising Party This Saturday at Gallery Keoki

Chase the PUSH! A South Pole Adventure

The Resort at Squaw Creek

Resort at Squaw Creek

Ranked among the top 50 best ski resort hotels in North America by Conde Nast Traveler magazine, the spectacular Resort at Squaw Creek™ offers luxurious Lake Tahoe vacation lodging, gracious hospitality and full-service amenities. Studio and one bedroom units with fireplace and kitchenette available for sale and rental.

What Will 2012 Bring to Luxury Real Estate?

strong>Our annual look at the prospects for U.S. luxury real estate in the coming year sees a fragmented recovery, with steady improvement at the high end.

By Camilla McLaughlin

In an increasingly uncertain world, real estate is emerging as one of the few sure things. We’ve seen a growing reversal of sentiment regarding real estate. Scarcely two years ago, buying real property seemed the biggest gamble in town. Today, especially for the wealthy, real estate is emerging as one of the few sure things. Prices at historic lows translate into once-in-a-lifetime buying opportunities, whether computed by dollars or the ability to acquire a platinum residence in a prized location. Tired of watching and waiting, with a keen eye toward value, a growing number of affluent consumers are ready to jump back into the market. In 2011, a number did, and these fundamentals, along with uncertainty in both the stock market and global economies, make the outlook for luxury real estate in 2012 at least as good as — but perhaps better than — 2011.

Affluent buyers are viewing real estate as a good long-term investment at current prices and an attractive alternative to the volatility of the stock market, observes Rick Turley, president of Coldwell Banker Residential Brokerage for Northern California.

“While affluent consumers are watching to see what will happen with the global economic situation, many seem concerned that they will miss out on low prices and low interest rates and they are tired of putting purchases on hold,” says Laurie Moore-Moore, founder and CEO of The Institute for Luxury Home Marketing. “Some are still shifting dollars from other investments into residential real estate in the belief that long term it will be a good investment.”

LOOKING BACK
Blockbuster sales such as the $85 million Spelling Manor in Holmby Hills, Calif., or the $100 million mansion in Los Altos Hills, Calif., generate headlines, but the real story of luxury real estate in 2011 can be seen in high-end markets all over the country. In Sarasota, Fla.: “Our inventory is at record low levels, down to pre-2005 levels,” observes Michael Saunders, founder and CEO of Michael Sanders Company. In Atlanta: $1 million-plus sales increased by 24 percent in the third quarter while days on market went down 26 percent. In the Hamptons: Homes priced at $5 million or up sold at pre-recession rates.

“While total U.S. home sales fell about 13.7 percent in the first half of this year, activity declined less or even increased in many high-end ZIP codes,” reports San Diego-based DataQuick, which tracks home sales nationally. “Nearly 45 percent of a group of affluent ZIP codes, those with a median sale price of $800,000 or more in the last two years, saw sales rise in the first half of this year compared with last.”

More than a few properties closed well above the $20 million mark in a range of locations. More importantly, what occurred was a steady — sometimes slow, sometimes not so slow, depending on the location — rise in the number of overall sales, particularly above $3 million.

“Looking back, 2011 has really been a better year for us,” says Philip White, president and COO of Sotheby’s International Realty Affiliates. “Our sides are up significantly year over year. Prices are relatively flat compared to last year. Last year (2010) was a notable year in terms of the higher end market, but that was coming off a bad year. Statistically, 2010 was up over 2009 because 2009 was so bad.”

In an Institute for Luxury Home Marketing survey of U.S. agents in the $1 million-plus market, 77 percent reported an increase in luxury activity in 2011 over 2010. Internationally, sales are up as well, according to a recent Christie’s International Real Estate survey. Roughly, 67.5 percent of member brokerages responding reported an increase in buyer activity for the first eight months of 2011.

Sellers coming to grips with the realities of the current market became the tipping point in many places. “You can’t put a strategic price on a property that you are going to move down from. You’ve got to be very sensitive to what brokers are telling you it should be,” advises Robert Borden, chairman of the board and chief residential advisor at LandVest.

Miami showed substantially more growth than any other market in 2011, but by fall, other Florida locations were beginning to show signs of revival. “The Florida population is increasing, unemployment is decreasing and we are seeing more corporate group moves. Real estate unit sales are up, including $1 million plus,” observes Betty Graham, president of Previews International for Coldwell Banker NRT.

RIGHT NOW
Speaking about the 2011 market at the National Association of Realtors annual conference, NAR Chief Economist Lawrence Yun underscored the contradictions in the current market. Although homes are more affordable than at possibly any other time, there has been no appreciable uptick in overall sales. “The Fed wants to stimulate lending, but it’s hard to get loans approved,” he observed. Consumer confidence still registers at low levels, although jobs are picking up. The litany of positives for real estate, according to Yun, include a slowing of price depreciation, a decrease in the inventory of newly foreclosed homes, and, in many areas, the number of for-sale properties is trending down.

In some places, including those hardest hit by the downturn, inventories are approaching lows that haven’t been seen for years. Add to that a growing understanding among consumers, especially high-net-worth individuals, that the time to buy is now. “The smart money is coming back to the market,” says John Turco with Prudential Florida Realty of Naples, Fla. “I have never seen the Naples market take off like it has. Our market started to improve about five months ago. Our inventory is off by at least 60 percent from last year.”

In Paradise Valley and North Scottsdale, Ariz., the number of homes for sale holds steady while per-square-foot prices are trending upward, reports Tom Pelliteri with RE/MAX Excalibur Realty. In Houston, Keller Williams Realty agents see money on the sidelines beginning to venture back into the market and a pent-up demand for homes in the $1 million to $1.5 million range. And in Miami, “The market has definitely been on an upswing. We are closing $250 million this year,” says Jill Eber, with The Jills Team at Coldwell Banker Residential Real Estate.

At year-end, a growing number of reports such as these from luxury enclaves all over the country paint a picture of high-end markets stabilizing and, in some instances, improving. Not only are luxury properties selling in more locations but brokers tell us they have even more sales pending. “Big properties are under negotiations now,” says Eber.

“High-end deals are coming together in a lot of the major urban markets,” observes Paul Boomsma, president of Luxury Portfolio International and COO of Leading Real Estate Companies of the World.

Seattle broker John Brian Losh, who is also the publisher of LuxuryRealEstate.com, acknowledges increased sales, but also notes reduced prices. “Transactions started to happen pretty consistently throughout the year, but prices are much lower. Properties are selling, but at bargain prices.” Moore-Moore agrees. “Luxury buyers relish the art of the deal. They are value conscious and are looking to buy future profitability by buying smart.”

INTERNATIONALLY
The big story for the high-end market in 2011 was foreign buyers. They only account for approximately 5 percent of U.S. sales, but as prices and the rarity of a property increase, so too does interest from buyers outside the U.S. Also important is the appeal of an area. In Florida, 25 percent of all sales from June 2010 to June 2011 were to foreign buyers, particularly Canadians, Brazilians and Venezuelans.

The hottest markets are global destinations such as Beverly Hills and New York that attract international and domestic buyers. Foreign buyers buoyed Miami’s record year. Here, cash transactions, favored by foreign buyers, accounted for 43 percent of single-family and 77 percent of condominium sales in October. Nationally, only about 29 percent of sales are all cash.

“International buyers look to the U.S. as stable politically, a safe haven for money, offering a desirable lifestyle, and on sale! They will continue to invest in U.S. luxury homes,” says Moore-Moore.

This year, other places including San Antonio, Vail, Atlanta and Chicago report growing interest from outside the U.S. Houston, according to Bruce Kink at Keller Williams Metropolitan, has seen an increase in buyers from Latin America, China, Japan and Russia.

There are no indications that this interest will slack off in 2012. “So far we’re seeing great things happen. We’re so busy showing things it’s hard to keep up. We have people coming from out of the country and not just in the summer time now,” Beverly Hills agent Jade Mills said in early December. Mills, with Coldwell Banker Previews International, is ranked as the No. 2 real estate agent in the world. Particularly notable, she says, is the number of buyers from Russia, China and Indonesia looking in Los Angeles’ famed Westside neighborhoods.

And rather than putting a damper on sales, the economic turmoil in Europe is only enhancing the cachet of U.S. properties. “No one really knows what’s exactly going on in Europe and that’s disconcerting, but on the other hand that makes U.S. real estate more attractive,” says Losh.

“A lot of people in the world are still more confident about our economy overall than their own,” says Boomsma. “Most of the world still sees the U.S. as a safe haven for investment, for property rights and ownership.”

LOOKING AHEAD
Still, assessing the market — and even categorizing the recovery — continues to be complicated. Many local markets continue to struggle, which means that in spite of promising indicators, crystal balls this year are apt to be a little fuzzy. “The country and the luxury space are becoming more fragmented so it’s harder and harder to make not only a global statement, but to make a national statement,” comments Boomsma.

“In 2011, the luxury market continued its recovery overall, although each market continued to deal with its unique situation,” says Kathy Neu, president of Luxury Homes by Keller Williams. “Based on what we hear from industry experts and our associates, this trend will continue in 2012 as buyers take advantage of the opportunities in the recovering market.”

Looking ahead, Graham sees more positives for Florida, including, “expectations that the widening of the Panama Canal will increase commerce.”

John Tuccillo, former NAR chief economist and current chief economist for the Florida Association of Realtors, cautions, “The recovery will be long, but it is a recovery. I think that we are past the bottom, but the slope up is not very steep — or won’t be until we can create more jobs.”

Looming for 2012 also are a number of potential bumps along the road to recovery. One is the presidential election, which Losh describes as the proverbial elephant in the room. “Traditionally, election years are good for business. I think activity will remain the same if not pick up. But this is an extraordinarily long recession, so that could change things,” he says.

Other wild cards include potential changes in tax laws, including potential cuts to the mortgage interest tax deduction. The lower end of luxury, under $2 million, has not experienced the same uptick as the higher prices. This is the price bracket that is also most affected by constraints from lenders and from changes to loan limits for conforming loans that took place earlier this year.

Don’t be surprised to see more distressed sales of high-end properties, says Moore-Moore, as more owners lose upscale homes and others choose strategic default as an option. “As of the fall of 2011, 2.3 percent of homes in foreclosure were $1 million property. Expect this level to hold for 2012,” she says. However, these sales might also offer an opportunity for new luxury buyers to move into the market, shares Rob Aigner with Keller Williams Beverly Hills.

Will 2012 end better than it started? “I’m betting we’ll see the number of luxury home sales going strong at the end of 2012,” concludes Moore-Moore. “Prices will still be under pressure as we work through high-end short sales and foreclosures. Will 2012 be a good time to buy upper-tier homes? Absolutely. Qualified prospects will find plentiful inventory and good value.”

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.

Squaw Valley Tavern Inn Condo Litigation is Over!

Tavern Inn condos at Squaw Valley have been in litigation and it is over! Great news for the condos.

Officially over and the end result is in favor of the homeowners of the Tavern Inn condos. The board president as said that the litigation papers have been released (by the court) and it will be possible for homeowners to refinance their loan. For buyers; to obtain a loan to purchase a unit at Tavern Inn in Squaw Valley. Squaw Valley now offers several different ownership options when it comes to a condo.

Olympic Heritage Celebration Week at Squaw Valley USA

>
Hot Off the Press
> As a result of over 1,800 comments submitted during the Draft Environmental Impact Statement review process, Homewood Mountain Resort made key adjustments to the master plan such as reducing the project size, moving the location of several buildings within the resort, and adding additional environmental monitoring requirements over the next 20 years to ensure the project terms are honored.
>
> During the hearing, TRPA’s Governing Board heard nearly 70 public comments which were more than two-to-one in support of approving the Homewood Mountain Resort project.
>
> “Today the public process worked for the benefit of Lake Tahoe,” said Norma Santiago, TRPA Governing BoardChair. “After thousands of comments, four hours of public testimony, and a rigorous analysis of the environmental impacts of the project over the last four years, the final Homewood project will be better for the lake and the community.”
>
> “The environment and the economy go hand in hand,” said Renee Koijane, a full-time Homewood resident and mother of two, “and this project embraces both.”
>
>
> A huge, huge thank you to all who came out last night and to other hearings to speak as well as to those who sent in letters.
>
> We did it!

Squaw Valley USA Ski Resort Opening Day November 23rd 2011!!

The Big Day
November 23, 2011

Fresh snow from Mother Nature and our own snow
making system have added up to give us enough of the white stuff to open Red
Dog, Exhibition and the magic carpets for the kiddos. The weather is forecast to
stay clear for opening day, and after that it looks like we’ll see some more
snow. www.squaw.com

 

Our 1st Snow of the 2011-2012 Winter Season in Lake Tahoe!

Mother Nature gave a taste of winter yesterday and today when an Arctic blast brought the first snow of the season to the region, resulting in a dusting of snow around the lake and in the mountains. There are mixed feelings across the area….do you want more warm weather or are you ready for winter?  It seems as though we are going to skip the fall season but with higher temperatures forecasted for later in the week it should feel more like fall this weekend.  Nevertheless, it is a great reason to get that ski season pass locked in or the ski lease/vacation rental deposit in!  If you need assitance located a ski lease this year let us know and we can help you out.

Here is a link to Squaw Valley USA webcam http://www.squaw.com/base-cam?WT.mc_id=fs_10.5

Alpine Meadows Ski Area and Squaw Valley USA Together!

Squaw and Alpine Join Forces

Today we are excited to announce something that season passholders have long dreamed about. Squaw Valley and Alpine Meadows are combining operations. Now, with the 2011-12 season pass you purchased for Squaw Valley, you can also ski and ride Alpine Meadows.

If you know someone who still needs to buy a pass, tell them about the Tahoe Super Pass. It’s a tremendous value starting at $439 for both resorts. Additionally, those who purchased Alpine Meadows passes will be able to ski and ride Squaw Valley with their Alpine Pass. To make it easy to access both mountains we’ll be providing a regular daily shuttle between them.

Like many of you, I have stood at the top of KT-22 and looked at Alpine Meadows thinking how incredible it would be if the two resorts were combined. The idea of combining Squaw Valley and Alpine Meadows is a long time coming, but the actual transaction originated, very fittingly, on a chairlift.

It was on a spectacular California bluebird day when I happened to be riding a chairlift with Todd Chapman, President and CEO of JMA (the owners of Alpine Meadows). We were talking about what an amazing winter we were all enjoying and lamenting that we didn’t have more time to get out and enjoy the snow.

As the chairlift ride came to an end the talk turned to the obvious concerning our two mountain resorts. In the end, this was an effort forged in a passion for the mountains, snow, skiing, and riding. I’m honored to lead the new company that has been formed as its President and CEO.

I know I’m not the only one who is looking forward to skiing both resorts with one pass. Our customer research showed that the number one choice of Squaw Valley skiers and riders, when not skiing or riding Squaw, is Alpine Meadows. The number one resort frequented by Alpine Meadows customers, after Alpine, is Squaw. It’s not surprising since both resorts offer incredible terrain and breathtaking natural beauty.

I am truly thrilled to be making this announcement today and hope you will join me in celebrating as, together, we make history.

Best Regards,
Andy

 

Andy Wirth, President & CEO

 

We couldn’t be more excited about the merger of these two resorts!

 

Here is a link to another article on this topic.  http://www.google.com/hostednews/ap/article/ALeqM5j75XO1H6DnEQHhcx7eD5UEyxpaMw?docId=ae0f624d4a22458283c11a1d70048410

Squaw Valley USA Summer Outdoor Movie Series

Outdoor Movie Series 8:30 – 10:30pm

Village at Squaw Valley. Families and friends can snuggle up under the stars while enjoying new releases and family classics on the big screen in the Events Plaza at The Village at Squaw Valley. A different FREE movie shows every Thursday in July & August. All movies start at 8:30pm, weather permitting. Blankets and warm clothes are recommended.

July 7 – Despicable Me (rated PG, 95 min)
July 14 – How to Train Your Dragon (rated PG, 98 min)
July 21 – The Karate Kid (rated PG, 140)
July 28 – Wanderlust Festival Programming / TBD
August 4 – Tangled (rated PG, 100 min)
August 11 – Thor (rated PG-13, 114 min)
August 18 – Toy Story 3 (rated PG, 93 min)
August 25 – Tron Legacy (rated PG-13, 127 min)
September 1 – Bonus Movie! Pedal Driven, a new bikeumentary. Brought to you by Biking for a Better World.

www.squaw.com