The Barracuda Championship Is Here
The Beautiful 18th Hole at Old Greenwood.
There is a beautiful buzz in the air this week here at Old Greenwood as the grounds crews continue to work tirelessly around the clock to get the course ready for the long awaited Barracuda Championships.
It has been truly an honor and a humbling experience to play the course as it's quickly evolving to PGA calibre tournament conditions. Deep rough, fast greens, tough pin locations and beautiful striped fairways will be the norm, as the best players in the world battle for the top spot. The scoring format is a Modified Stableford, unique to your typical tournament, rewarding players to take risks and go for eagles and birdies. Click the link above to learn more about this cool format.
Formerly called the Reno/Tahoe Open and held in previous years at Montreux in Reno, Old Greenwood has signed a four year contract as the host for this exciting tournament. Last year was the first year in t's new location, however, due to Covid restrictions, spectators were not allowed to attend. This year the PGA is allowing for spectators to once again line the fairways and we couldn't be more excited to host this event.
With a $3.5M prize purse and much needed FedEx Cup points up for grabs, many notable PGA professionals have committed to playing next week. some of the most recognized names include Matt Kuchar, Jimmy Walker, Gary Woodland, Brandt Snedecker, 2016 Master's Champion Danny Willett, John Daly and Rickie Barnes among others. Click Here to get your tickets, as all children under 12 are free!
Hole 15, a Monstrous Par 3 over water and into the wind. This will be a must watch hole this weekend.
If you are here and are roaming the grounds and want to see your favorite realtor at work, come catch me announcing the first tee on Friday from 12-2pm!
Also, don't forget to stop by our Tahoe Mountain Realty vendor tent green-side of hole 18 as well as our Open House in Cabin 20 on Hole 9, a wonderful place to view the action. Our Open House will begin on Friday at 1pm-4pm and Saturday and Sunday from 10am-4pm. The vendor tent on hole 18 will run from Thursday- Sunday, 10am-6pm. Come say hi, hang out, find out whats goin on in the market and get some cool Tahoe Mountain Realty Swag!
9625 Dunsmuir Way- Martis Camp: $5,995,000. Photo By: Martis Camp Realty
Real Estate Update
As you may have noticed, and what is customary for this time of year, we are starting to accumulate a little more inventory than the prior months past. As of right now we have approximately 258 listings equating to 6 weeks supply of inventory. To put this in perspective, a typical balanced market sits at 6 months supply of inventory, hence, we are still experiencing a heavily weighted seller's market and extreme velocity for the region.
However, it does feel to me that buyers have perhaps reached their limit as we've seen a delta of 36% between median asking price ($1,295,000) and the resulting median sales price ($950,000.) This median sales price is still an alarming 38% increase YOY.
Newer properties are still selling either before or within days of going live on MLS, where buyers may now have a sliver of opportunity with typically older listings that have accumulated more days on market. I will continue to work hard to find new off-market opportunities for you to get you a jump start on the competition.
Here's whats currently listed in our Core Communities...
Martis Camp
Lahontan
Gray's Crossing
Schaffer's Mill
Northstar/Mountainside
Lakefronts
Please Contact Me for more information about a specific listing and/or to schedule a tour or a listing consultation today.
See you at the Barracuda,
-Matty