Douglas County Commissioners on Thursday once again approved a moratorium or temporary suspension on the issuance of new vacation rental permits within the Tahoe Township till their next meeting in 4 weeks while they reviewed the current ordinance. At issue was whether to establish a cap on the number of rentals and if this should be done annually. Measures to control rental density, and radius analysis was also delayed.
Last month in South Lake Tahoe, the TRPA Governing Board approved a 248-unit workforce housing project south of the “Y” on surplus land donated by the California Tahoe Conservancy. The collaborative project brought together the developer and the non-profit St. Joseph Community Land Trust with the Conservancy, the City of South Lake Tahoe, and El Dorado County.
Nevada’s Governor announced a plan to commence all in-person showings and open houses of single family and multi-family residences currently occupied and on the market for sale, effective at 12:01 a.m. on October 1, subject to the following limitations:
- Showings and open houses of properties may not take place with the occupant present.
- Showings of properties are limited to one prospective buyer and one real estate professional for both the seller and prospective buyer at a time. For the purposes of this provision, “a prospective buyer” includes the buyer and the buyer’s spouse, domestic partner, business partner, or family members.
- Sellers conducting an open house are responsible for ensuring that there will not be more than one prospective buyer viewing a property at any given time. This may require having an individual present to properly meter prospective buyers entering an open house.
- Sellers are encouraged to utilize appointments for in-person showings and open houses to the greatest extent practicable.
- Real estate professionals are encouraged to utilize three-dimensional interactive property scans, virtual tours, and virtual staging to the greatest extent possible.
- Real estate professionals are encouraged to avoid in-person transactions and services to the greatest extent practicable.
- Real estate professionals must require all participants at in-person showings and open houses to wear face coverings at all times pursuant to Directive 024 and must follow CDC guidelines for in-person showings and open houses.
Some additional guidelines recommended by the CDC and Nevada REALTORS® are as follows:
• All visitors maintain 6ft;
• Real estate professionals have available gloves and hand sanitizer for use and remind clients to not touch surfaces when viewing property as well as wipe down surfaces as frequently as possible.
I was asked recently about the percentage of sales at South Lake Tahoe that had sold above the seller’s asking price in the last 30 days. Based on a total of 137 single family home sales the numbers I saw caught my attention. Especially when compared to last years numbers.
Forty percent of the properties sold in the last month were above the asking price which was to be expected with the lack of current inventory. 43% were sold below the asking price. Further research showed most of those properties had been on the market for over 60 days or were homes priced over $1,000,000.
Only 17% were sold at the asking price. Regarding properties priced over $1,000,000 only 2 of 16 residences sold above the asking price.
Looking back on 2019 as a reference there were only 62 single family sales during the same time period. That was 55% less than this years sales during the same time period. Plus there were only 6% of the properties sold above the asking price as compared to 40% in 2020. 81% sold below the seller’s asking price, and 13% sold at the seller’s asking price. Who knew? Now you do.
September 13, 2020
Contributions from Vail Resorts’ EpicPromise guest donation program helped meet funding gap required to complete new multi-use trail accessing Fallen Leaf Lake and Desolation Wilderness
TAHOE CITY, Calif. (Nov. 19, 2019) – Thanks to a triple match from Vail Resorts’ EpicPromise guest donation program at Northstar, Heavenly and Kirkwood, completion of the Lily Lake Trail will be a reality in 2020. Earlier this year, the planned 2.1-mile multi-use trail designed to provide new access to Fallen Leaf Lake and Desolation Wilderness faced a $75,000 funding gap. The nonprofit Tahoe Fund mobilized its supporters, and within a few short months, secured funding commitments from Vail Resorts EpicPromise, the Mathman family and other contributors to ensure the trail can be completed next summer by the US Forest Service and Tahoe Area Mountain Biking Association.
“Our goal has always been to help environmental and sustainable recreation projects like this one achieve completion in the Tahoe Basin,” said Katy Simon Holland, Tahoe Fund board chair. “This effort truly demonstrated the incredible power of philanthropy – among our partners in both the public and private sectors – and the support our community has for projects that enhance sustainable recreation and access to our public lands.”
“Those who visit our resorts are passionate about the outdoors,” said Tom Fortune, vice president and general manager of Heavenly Mountain Resort. “It’s important to Vail Resorts that we provide opportunities for our guests to give back and support projects like this in the mountain communities where we operate. Lending support to aid in the completion of the Lily Lake Trail, a new trail I myself look forward to using, aligned perfectly with the intent of our guest donation program.”
Once complete, the Lily Lake Trail, designed to connect to the newly built trail system on Angora Ridge, will feature stunning views of Desolation Wilderness, Fallen Leaf Lake and Lake Tahoe, reduce traffic on narrow roads, and offer new access to hikers and mountain bikers who want a car-free way to enjoy Fallen Leaf Lake, Glen Alpine Springs and Desolation Wilderness. The trail will be comprised of aspects unique to the Tahoe trail repertoire — slickrock, boulder traverses, and an expansive view of Fallen Leaf Lake on the edge of a 75-foot cliff.
Construction started in 2018; however, due to the challenges of building through dense vegetation and unforgiving talus, and the requirement of funding that has now been achieved to pay for professional engineering and building crews, completion isn’t expected until late 2020.“Without the active support of the Tahoe Fund and Vail Resorts’ EpicPromise triple match, construction of the Lily Lake Trail simply wouldn’t be possible,” said Scott Brown, Tahoe Area Mountain Biking Association board member and crew leader. “It’s incredibly inspiring to know that when we put out the call for help, this community is willing to step up and make it happen.”
Learn more about the Lily Lake Trail project at www.tahoefund.org.
Robert was extremely helpful in getting our house in South Lake Tahoe. He made sure the process was easy and understandable. Since we are from out of town, Robert made himself available to meet with inspectors or anything else we needed while we were not in town. We would highly recommend Robert, he is AWESOME!