January/February 2012 Newsletter

Happy New Year! 

Happy New Year to you and yours! We're very optimistic about the year ahead for real estate. We have run across a great article that we would highly suggest you take a look at. It's from CNBC, discussing the resurgence in second home sales, particularly in California. Take a look! http://video.cnbc.com/gallery/?video=3000064473

Sales Stats 

As we begin a new year, there are some indices to pay attention to as we look ahead. While year-over-year home price measurements notched down in 2011, prices are expected to see a slight uptick in 2012, according to *Clear Capital (based here in Truckee). Should the valuation company's predictions ring true, it would be the first time since 2006 that the change in annual home prices has landed in positive territory. Data released by Clear Capital on January 9th shows year-over-year, national home prices dropped 2.1 percent in 2011. For 2012, the company projects a slight gain of 0.2 percent. Not much, but headed in the right direction!

(Click the graph images below to see popup windows with larger images.)

Community News

The big news around here is the merger of Alpine Meadows and Squaw Valley USA. This was announced in December. It's been rumored for years, and now, season passes and lift tickets will work at both ski resorts starting this winter.

The deal allegedly was initiated last winter on the chairlift, in what started as a conversation between Squaw Valley president and CEO Andy Wirth and Todd Chapman, president and CEO of JMA Ventures, the company that owns Alpine Meadows. More info can be found at Tahoe Super Pass information.

Check Us Out Online

Visit us online to get the latest Truckee-Tahoe news, events, listings and more. We are thrilled to share with you, our followers and friends, our love and compassion for the Truckee-Tahoe community. You’ll find a complete monthly list of local events and activities, blogs from our agents, an extensive list of the beautiful neighborhoods that we represent and direct links to all our agents. We invite you to check it out and let us know what you’d like to see. Send along your comments via email.

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