MATTY’S MINUTES BLOG
Matty’s Minute: An October Market Update
Demand for mountain real estate has been propelled by a vast multitude of variables to unfathomable heights over the last 18 months. Such variables, many of which are non-economic, have begun to take a personality of their own in defining the performance of the local market…
Matty’s Minute: The Market Must Be Slowing Down…Right?
As of this past week, the Tahoe Truckee region just surpassed $2,000,000,000 in residential sales, only the second time ever this has happened... and it's still just Q3.
Matty’s Minute: A Rainy Day Update
I was woken up last night by my dog's loud breathing in my face. A typical occurrence, however, this time was different as several flashes of lightning, followed by large booming thunder got her attention. I slept horribly, filled with anxiety that these dry lightning strikes would start a new fire here in our town….
Matty’s Minute: A Tahoe Wildfire Update
Much like in March 2020 when the emergence of COVID rendered so many to shelter-in-place, the fires on either side of Lake Tahoe and Truckee have had an understandably similar impact…
Matty’s Minute: Clearing Skies In Truckee
The recent wildfires within close proximity to the Truckee/Tahoe area, most notably, California's largest fire in history, the Dixie Fire, has burned 699,666 acres and as of today is now 35% contained…
The Barracuda Championship Is Here
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….
Matty’s Minute: A July 4th Weekend Update
The current velocity of the real estate market will ultimately prove unsustainable, but few signs of erosion are present. Today’s consumer is well calibrated to the realities of the market; including a keen awareness of buying into a peaking market…
Matty’s Minute - A May Market Update
May often represents the pinnacle of listing season as homeowners evaluate the utility of second homes relative to use and maintenance. There will undoubtedly be an increase in listing activity as compared to the early months of 2021…
Matty’s Minute - An April Market Update
The most prolific first quarter to any year in Tahoe Truckee real estate was capped by the month of March in which multiple records were toppled. Driven by a remarkable $31,000,000 sales of a lakefront estate on Tahoe’s West Shore…
Matty’s Minute - A March Market Update
Rapid absorption of new supply has kept the Tahoe-Truckee real estate market active at historical levels while standing inventory remains implausibly tight. 108 residential transactions in February are 24% above the same period…
Matty’s Minute - 2020… We Made It
While we are obviously still dealing with the same issues of 2020...it does feel good to turn the page and vitally important to celebrate the positivity that did come out of last year. For me, it solidified the importance of…
Matty’s Minute - A December 2020 Market Update
As 2020 has gone, every “shock” event whether shelter-in-place orders, civil unrest, wildfires or otherwise has created a surge in demand for mountain real estate. The reality…
Matty’s Minute - How to Survive a Tahoe Storm
Over the next 10 days, forecasters are expecting consistent snowfall with Wednesday-Thursday of next week perhaps delivering us the heaviest amount of precipitation. The most optimistic gossip is calling for 100-200" potentially…
Matty’s Minute - A Lifestyle Edition
One of the most remarkable characteristics of our current market is just how little inventory we've managed to have while still shattering historical records month after month. Throughout much of 2020 and early 2021…