AT HOME IN TAHOE
With most areas now going to a hybrid school system or full distance learning for the 2020-21 school year, our Bay Area clients are now making the decision to call the Truckee and Tahoe area home. With nearly 100 new kids enrolling at the Truckee High School alone for this coming fall, we will begin to feel the growth on all levels of our local infrastructure. The demand for homes and land to develop continues to soar; multiple offers are placed on most listed homes and many are selling within 72 hours of hitting the market. Home buyers who purchased their house during the years 2005-2008, have seen their home values rise again to meet or exceed the purchase price at the height of the market at that time. For these particular buyers, we are urging those considering selling to move forward as the market values are high and continuing to rise, this is a great time to consider your return on investment.
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MARKET GUIDE
INMAN: Homes Continue to Sell Fast Amid Low Inventory
Homes continue to sell at record pace but inventory remains scarce.
INMAN: Single Family Home Sales Soar to Highest Rate in 13 Years
New single family home sales were up nearly 14% year over year this past month. The surge is likely caused by a pandemic halt of sales earlier in the year.
KEEPING CURRENT MATTERS:
A Historic Rebound for the Housing Market
Chief Economist with Nat, Lawrence Yun: “This has been a spectacular recovery for contract signings and goes to show the resiliency of American consumers and their evergreen desire for homeownership…This bounce back also speaks to how the housing sector could lead the way for a broader economic recovery.”
INMAN: Silicon Valley Wants to Reimagine Multifamily Housing
Reimagining the “cities of tomorrow”, the arrival of construction startup Juno highlights the ways that Silicon Valley and its deep-pocketed investors are increasingly looking to real estate for the next big idea.
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FEATURES
DONNER SUMMIT
DEVELOPMENT OPPORTUNITY
16400 DONNER PASS ROAD
DONNER LAKE, TRUCKEE, CA
62 Acres | Offered for $2,800,000
Rare opportunity: a 62 acre, build ready, piece of paradise overlooking Donner Lake. Ideal for that dream family compound, or can be subdivided into three 20 acre home sites. It represents the only remaining residential estate property in Donner Summit Canyon. Nestled between Donner Lake and the world renowned Donner Summit area, the property features fantastic views, and seasonal creeks and springs.
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UNDER CONTRACT
9293 HEARTWOOD DRIVE
SCHAFFER’S MILL, TRUCKEE, CA
Overlooking two fairways within Schaffer’s Mill Golf Community with views of the sunset along the Carson Range. Two master bedrooms located on the main floor of the home; all of the four bedrooms are en-suites. Five full bathrooms; custom bunk area with trundle beds. Spacious office. Oversized two car garage with an electric vehicle outlet. Beautiful outdoor living area with rear and side patios including a fire pit and built in BBQ area.
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FEATURED LAND
TAHOMA COMMERCIAL LAND
7069 WILSON AVENUE
TAHOMA, CA
MIXED USE LOT
Offered for $340,000
Great Mixed uses Commercial land opportunity in the heart of Tahoma. With 25% coverage this lot has many potential uses. Community Commercial Zone, provides for residential, retail sales, office and other mixed uses. Located within the Tahoma commercial core area very conveniently located next to Homewood ski resort.
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DONNER SUMMIT
0 OLD DONNER SUMMIT ROAD
NORDEN, CA
27.6 ACRES
Offered for $1,950,000
In the heart of Donner Summit lies a rare 27.6 acre development opportunity. Embrace adventure in your own backyard in this unprecedented location. Adjacent to Sugar Bowl Resort, on the Pacific Crest and Emigrant trails there is something for everyone. Ski, hike, run, bike, climb or simply explore the Sierra’s from your mountain estate. Build your very own family compound or develop an exclusive mountain community catering to like minded adventure seekers. Possible Seller financing and joint venture option.
SQUAW VALLEY
325 SQUAW VALLEY ROAD
OLYMPIC VALLEY, CA
29.6 ACRES
Offered for $15,000,000
Private and sheltered-for those desiring a pristine retreat from the world-but who also want to be close to world renown Squaw Valley skiing, hiking, biking and Lake Tahoe’s recreation, arts and entertainment. This rare opportunity to craft and define the last and most significant landholding in the heart of Squaw Valley may never come again. This exceptional 29.6 acre assemblage offers a custom home, multiple development sites and opportunities for conservation.
DONNER SUMMIT
0 OLD DONNER SUMMIT ROAD
NORDEN, CA
10 ACRES
Offered for $595,000
In the heart of Donner Summit lies a rare opportunity. An unprecedented location, right next to Sugar Bowl Resort, Royal Gorge and the Van Norden Meadow, on the Pacific Crest and Emigrant trails there is something for everyone. Ski, hike, run, bike, climb or simply explore the Sierra’s from your mountain estate. Build your very own family compound or develop an exclusive mountain community catering to like minded adventure seekers. Possible Seller financing and joint venture option.
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AUGUST MUST READS
• Huckberry: Living in a Boeing 727
• Car & Driver: The Greatest Cars of All Time
• Medium: The Road to Self Renewal, One of the Most Influential Businessmen
• Wallstreet Journal: Podcasts to Cure Stuck at Home Syndrome
• The Undercover Economist: Taking Control of your Smartphone
• The Art of Manliness: How to Declutter Your Work Life
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THINKING ABOUT SELLING YOUR HOME IN 2020?
Reach out to us to see what you’re able to do now to prepare for the right time…