Were you lucky enough to experience last weeks 22″ of dry “Utah-esque” snow that fell Thursday night, giving way to a perfect blue bird pow friday morning that storybooks are made of? If not, sorry to rub it in but it was easily the best turns of the season, making me eager for the next storm as it’s days like these that reinforce why I made the decision to call this magical place my home. View the video below to hop on board with me if you weren’t able to have the experience for yourselves last weekend.
The current winter conditions are all time, giving way to amazing visitation for the region and unseasonably strong market activity. This is what we call the “goldilocks scenario”…a perfect blend of weather, strong but not overheated economic conditions and favorable inventory across both summer and winter centric property.
In the latest news…Northstar’s newest additions, Village Walk Skyline and The Boulders at Mountainside each experiencing high viewing activity over the holiday, have transcended the typically sluggish nature of presale activity in Tahoe. Buyers typically want to see a finished product before making a purchasing decision, however, when the product and price points are this good…it moves.
In only one month after release, Village Walk Skyline now has 4 of the 8 available Phase 1 offerings reserved, while Mountainside just announced its first Phase 2, 3 bed townhome going into contract.
With roughly 3 months supply collectively for the region, good inventory, priced well is moving, best exampled by the recent surge of luxury golf community transactions as 14 homes either pending or sold YTD, just edging out last season by one transaction. This diversity of activity across all spectrums of the market further enforces that truly the market is over-riding the seasons and consumers that have been wanting to finally have a place to create memories with friends and family are deciding to act so they don’t miss a future bluebird Tahoe pow day.