Are you excited for ski season? We are! This week the mountains received their first dusting of snow signaling the start of snowmaking at many resorts. With snow on the peaks and cooler temperatures in the forecast the anticipation of the return of winter is palpable! Ski areas are gearing up for opening day, and the countdown is officially on!
Market Snapshot
This seasonal transition is not only about winter sports—it's also a pivotal time for real estate. The intersection of eager buyers and motivated sellers creates a real estate "perfect storm."
For buyers, it's a chance to snag your dream home potentially at a reduced price. Many buyers are fatigued by the uncertainty and hassle of a ski lease or rental and are seeking the security of homeownership. This is the perfect time to get serious about locking-in a mountain house for the upcoming season.
For sellers, it's an opportunity to capitalize on the urgency of buyers, ensuring a smooth transaction before winter's peak. Sellers are gearing up for an active market. We've noticed a surge in both price reductions and new listings in recent weeks. Many sellers aim to close deals before the peak of winter hits, presenting potential buyers with fantastic opportunities.
Whether you're in the market to buy, sell, or simply explore your options, we are here to guide you every step of the way.
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THE TAHOE 23/24 SKI SEASON OPENING DATES
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Could it be Another Big Winter?
With El Nino in the forecast for the 2023-2024 winter season, there is curiosity about how much moisture and snowfall the Western United States will receive. I recently read the report linked below from OpenSnow that looks at how El Niño affects Atmospheric Rivers (ARs) during the winter and what that could mean for the upcoming ski season.
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