Matty’s Minute: Atmospheric River Is Coming
RIder: TMR Agent Greg Carlton /Photo: Andrew Miller
I am extremely excited for Northern California to finally get the much need moisture to help end yet again another record breaking fire season. If the models are right, the Tahoe Region is destined to get significant moisture, mostly in the form of rain through next Monday... however, the second storm through the weekend is expected to deliver large amounts of snow to the tune of 25"+! You may see photos of us making pow turns like the one above on next week's blog.
You can feel the energy around town with murmurs of winter chatter in coffee shops while local shops are diligently getting ready and stocking their shelves with new winter product.
If the forecasters are correct, this will be an amazing start for our snowpack, giving our resorts an incredible jumpstart for their respective opening days. Remember to help support our beloved Tahoe region and shop local this year!
Storm #2 River
TAHOE DONNER IS SO HOT RIGHT NOW....
You can feel the energy as well in the marketplace as consumers begin shifting focus to winter-centric property in the hopes of lining up something for the upcoming holiday season. As inventory has ticked up a little, still at or just under 2 month's supply...buyers are still willing to pay premium pricing to lock in their spot.
Often referred to as the bell-weather of our marketplace, while outside of what we call our Core-Communities...you simply cannot ignore the velocity of Tahoe Donner Sales over the last year and a half.
Comprised of over 6000 properties, Tahoe Donner has always produced ample transactions, however, the most notable change being that Tahoe Donner now is the only player in town that can deliver a robust amenity package to homeowners while having pricing consistently under the $2M mark.
YTD Tahoe Donner consists of over 21% of all the transactions in the Tahoe Sierra MLS with 251 deals just under $300,000,000 in total sales.
Historically overshadowed by newer communities like Gray's Crossing and Schaffer's Mill, Tahoe Donner is now arguably the only place where $1-1.5M gets you a nice mountain home in Truckee with high quality amenities.
Consumers, recognizing this scarcity in the marketplace are paying on average 108% of the asking price to secure their sale, or roughly on average, $80K over ask and in many cases still in a multiple offer situations from our early pandemic frenzy.
View all the Core Community listings below...
Martis Camp
Lahontan
Gray's Crossing
Old Greenwood
Schaffer's Mill
Northstar
As always, please contact me for a deeper dive into current market dynamics and/or to schedule a tour or a listing consultation today.
Pray for snow,
-Matty