The Tahoe/Truckee region is buzzing with excitement from the recent storm that dropped a foot of fresh powder in the mountains. The late start to the season has allowed buyers to continue to tour potential properties, unlike 2016 when several second homes were inaccessible until late spring due to snowfall.
This week our core communities saw significant action. Notably, Martis Camp and Lahontan have had homes enter escrow. A $4.9M estate entered contract at Martis Camp, a $1.79M mountain retreat, and three home sites are pending sale at Lahontan. The recent sales of vacant land indicate that regardless of the increasing cost to build, Northern California continues to have affluent buyers that can absorb the expense.
Regarding new inventory, Old Greenwood introduced 13043 Lookout Loop. The 5 bedroom 5.5 bath residence boasts unobstructed views of Northstar. The home has been meticulously maintained and never rented. Enjoy entertaining in the outdoor kitchen in the summer, and stay warm in the winter by cozying up to one of the homes three fireplaces.
The week ahead looks promising for winter sports. Precipitation is expected Wednesday evening through Thursday with 10-18 inches predicted at higher elevations. The coming storm should allow for more terrain to open and keep skiers and boarders stoked.
13043 Lookout Loop | $2,450,000 | Old Greenwood
5 bed | 5.5 bath | 4,981 sq.ft.