The past few weeks have been outstanding in terms of snowpack for the Tahoe Basin. The region received ~23 feet in the last two weeks. Ski conditions are, without exaggeration, absolutely perfect. The recent storms made travel to the area daunting, and at time impossible due to road closures. The forecast this week is more forgiving with 6 inches expected Wednesday through Thursday morning. Cold temps have preserved the base ensuring a long spring ski season.
All industries including the local real estate market have felt the effects of the recent weather pattern. Anticipate potential buyers to re-engage for the latter half of the first quarter. The absence of a major precipitation event paired with high levels of contagious enthusiasm on Tahoe’s winter wonderland may help drive transactions.
Notable for the first half of February is the 3 residences that traded for $6.6M in Northstar’s Big Springs neighborhood. Additionally Mountainside at Northstar saw it’s first, brand new, Boulder’s Residence enter contract. There are several new listings in TMR’s resort communities that have come to market as well. Below are my top picks for distinct Tahoe resort estates.