Old Greenwood

Sandwiched between highway 267 and Highway 80, on Airport Flats, this community which is part of East West Partner’s Tahoe Mountain Community Development is composed of custom homes, sites, luxury villas, cabins and town homes.  Also included are practical and luxurious, fully equipped fractional ownerships.  The property includes a beautiful Jack Nicklaus public golf course. 

Ownership at Old Greenwood includes membership in the Tahoe Mountain Club which boasts unsurpassed amenities including on-mountain amenties at Northstar-at-Tahoe with ski valet, members’ Alpine Club in the heart of the village and a mid-mountain restaurant; a swim, tennis, fitness and spa facility at Old Greenwood; golf privileges at Old Greenwood and Coyote Moon and fine dining Lakefront at Lake Tahoe at the Wild Goose, a privately owned restaurant.

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Pumpkins and Fall In the Sierras

I took a little ride with my friend Melinda a week or so ago and enjoyed the Apple festival at Apple Hill near Placerville, CA.  We found tons of pumpkins, apples, crafts and even some wine at the La Cava vineyard.  The drive was nice and we managed to get out of there only having consumed one carmel apple apiece and a couple of donuts. 

While it is a quaint tradition, the festival has become quite crowded with many cars and busses jockeying for parking places.  The weekend makes it impossible except for younger people who have a lot more patience.  Still, it brings back memories to me of the apple festivals I attended in my native Michigan every fall.  We were after cider, not really apples, as I remember it, but the sentiment was much the same:  the end of the summer with the harvest of the fruit and the iminent expectation of cold, wintry weather. 

Sure enough, a couple of days later the snow poles went up on my driveway, put there by my snow removal contractor in anticipation of the white stuff.

Everyone have a happy Halloween and watch out for all of those little ghosts and goblins!!!

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Halloween in the High Sierra

Travelling home on Hwy 89 the other day,  we came upon what at first I thought were a couple of my son’s buddies, turns out there just a few die hard ski hooligans waiting for the snow to fall.

Happy Halloween!

   

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Avoiding Foreclosure

I found this really interesting post on twitter that I thought would be worth having on my website.  It is written by someone from Colorado Springs but the information seems topical for everywhere.

Avoiding Foreclosure

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The Truckee Tahoe Real Estate Market

Comments on the Truckee – Tahoe Market:  Well, the sky has not really fallen in here in North Lake Tahoe and Truckee.  Real Estate is still pretty popular, especially with the second home market.  People are shopping for homes because they know that the houses that are on the market now have sellers who are really motivated and need to sell.  It is true that there are a lot fewer of these buyers out there right now but they are there.  For example, in the Tahoe Donner Subdivision there are currently 163 single family residences on the market and, 25 homes in escrow and, believe it or not, 29 homes in that subdivision sold over the past month.  That doesn’t sound too bad does it?  Only about a 6 month turnover time. 

 

The full time homebuyer, however, is in short stock.  The full time markets here in Truckee include predominately Sierra Meadows, Ponderosa Palisades, Prosser and Glenshire.  There track record over the same period of time (September 11 through October 11, 2008) is as follows:  Leaving out the way upper end (homes in Lahontan, Old Greenwood, Gray’s Crossing, Timilick etc.) there are currently 135 homes for sale, 10 in escrow and only 12 have sold over the past month.  A turnover time of 11.25 months.  Not so good for these sellers.

 

Gone are the sellers who are just “testing the market.”  They have become scared of the reality that their competition includes people who HAVE to sell!!  The Truckee Tahoe area is not immune to short sales and bank owned properties and these sales are taking their toll on the appraised values of their neighbors.  But honestly, a quick look at our multiple listing services tells me that out of 969 single family homes that are for sale in our Tahoe Truckee area, only 39 of them are short sales.  It would be much more difficult to track the bank owned properties but this kind of gives us some perspective.

 

 

 

 

 

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