SUMMER IN TAHOE
As the summer season comes to a close here in the Tahoe Truckee region, we are beginning to see the market pick up momentum following a grim and smoky August. With the evacuations spanning from South Lake Tahoe to the West Shore, and overwhelming smoke levels from the Dixie and Caldor fires, the market took a pause for the beginning of September.
Seasonally, we see a slowdown in August as schools start and second home owners return to primary residences. This year, the extreme conditions with the fires caused this typical slowdown to extend a couple of weeks more than normal. Visitors were encouraged to leave or stay away from the Tahoe area by local authorities; paired with the wildfires, this caused days on market for listings to increase, with fewer listings hitting the market in early September.
Many buyers are considering how the fires and local evacuations will impact the future of the market. We are once again seeing the historic up-tick in buyer interest as we head into the final busy season of the year. Newly released exemptions in the Short-Term Rental Moratorium in Placer County are providing buyers with both good and bad news. Homeowners with a valid STR permit can sell their properties but the STR permit will not transfer to the new owners. There is a current moratorium in place for new applications for STR permits. For specific inquiries, see the link below or reach out to us here at The Riedel Group for guidance.
LAKE TAHOE LAKEFRONT
6259 NORTH LAKE BLVD
NORTH LAKE TAHOE, CARNELIAN BAY, CA
4 Beds | 3.5 Baths | 2,168 SqFt
Offered for $3,850,000
Lake Tahoe living: this is the quintessential lakefront retreat with panoramic lake views from every room, shared private pier, two deeded buoys, large entertaining deck, guest quarters with kitchen, and nearby access to ski resorts, Tahoe City, and Truckee. The main residence features an easy indoor / outdoor living design, a large dining room that opens onto the outdoor deck, and a breathtaking view master with ensuite bath and outdoor balcony.
SPACIOUS SKI HOME
NORTHSTAR, TRUCKEE, CA
378 SKIDDER TRAIL
5 Beds | 4 Baths | 3,298 SqFt
Offered for $1,850,000
Wonderfully light and bright Northstar home on Skidder Trail with plenty of elbow room. Master suite enjoys a gas woodstove, private balcony, built-ins, soaking tub and filtered views over the Martis Valley towards the Sierra Crest. Entertainer’s kitchen with a mahogany butcher block island, a family sized breakfast table and access out to the rear patio and natural seating area amongst the trees. The main living area with coffered ceiling and solid hardwood floor opens to the private front deck area.