Tahoe Donner Real Estate Update January 9 - 15
It feels like it has been awhile since we had a "normal" business week in Tahoe Donner real estate. Last week, Mother Nature did a number on us, with one of those big storm cycles we see once every 5 years or so. This one was particularly impressive, both in the amount of snow fall, and the amount of havoc it created in the Truckee/Tahoe region. Ski areas reported up to 15 feet of snow over a 10 day period, including one 24 hour period which brought 3-4 feet. We saw 3 to 4 days of all the major roads being closed, 4 days of the major ski resorts being closed, and more power outages than you can count. In fact, some areas were without power as much as 6 days. Norm, who has lived in Tahoe about 50 years, ranked it as the third "wildest" winter storm he has seen.
Even with all that going on, we did find a little bit of time for real estate activity. Four new listings managed to make it onto the market, and 4 homes had price reductions (both low numbers for a week preceding a significant holiday weekend). Two homes managed to go in contract.
From a business perspective, the good news is that the storm (and "havoc") mostly cleared out for the holiday weekend, so there were a lot of showings over the weekend. This, combined with the now phenomenal ski conditions, should bode well for next weeks new escrows. That said, there's a couple more storms in the forecast for the end of this week!
Here are photos and details of last weeks Tahoe Donner real estate activity: