Peter S. Gerdin, Architect

Peter S. Gerdin, Architect provides Architectural Services for all types of residential and commercial projects, with a strong emphasis toward green energy efficient design, responsive to the unique demands of our mountain climate. Thirty years of experience in the Truckee / North Tahoe area.

Whether you’re planning a new custom home or small addition or remodel, we can provide assistance for all phases of design and planning, as well as construction management.

Licensed Architect in California, Colorado, and Nevada.

Peter S. Gerdin
15695 Donner Pass Rd., #206
Truckee, CA 96161

(530) 587-7513
www.petersgerdin.com

Mark Tanner Construction

Mark Tanner Construction prides itself on quality results for every home improvement project. Updating your home to look better, work better or to be more energy efficient sounds intimidating, but it doesn’t have to be. From kitchen and bath transformations to new custom homes our seasoned professionals offer home improvement ideas and designs tailored for every budget.

Mark Tanner Construction, Inc.
P.O. Box 3913
Truckee, CA 96160

(530) 587-4000
www.MarkTannerConstruction.com

Spirit Interior Design

Spirit Interior Design is a full service interior design studio, gallery and showroom located at 10009 West River Street in Truckee, CA. The owner and principal designer, Cathy Nason has been featured in several national and regional publications including Sunset Magazine, Inside Today’s Home, Tahoe Quarterly, Sacramento Magazine and The San Francisco Chronicle. Additionally the firm was most recently voted “Best Interior Design Firm in Tahoe” in the Best of Edition of the Sierra Sun.

The studio maintains a broad portfolio of projects including residential and commercial design, office planning, hospitality, retail and health care facility design. Cathy Nason and her staff believe in environmentally conscious design, working with Feng Shui influence and the spirit of Tahoe integration.

Spirit Interior Design
10009 west River st. Suite C
Truckee, CA. 96161

(530) 587-0948
www.spiritinteriordesign.com

Market Trends: 3rd Quarter 2009

What a year for real estate here in Tahoe! Buyers are coming out of the woodwork now that we’ve experienced some economic stabilization. Aggressively priced homes, an emerging bank owned property market (with more to follow), owner/seller and bank short sales along with major reductions in square footage prices supported considerable buyer activity.

Tahoe real estate sales activity continues with the majority of units sold during the summer season – June through mid-September. As expected in our market, we’ve experienced a 7% decline in sales prices since mid-June. Based on statistics from 6/22/09 to 12/1/09, Nevada and Placer Counties sales prices declined from$570,208 to $530,229. (Refer to Median Price Sold Chart). The average Truckee home purchase in Q3 of 2009 was $525,719 compared to $639,863 for the same period in 2008, a decline of 18%.

Residential home sales continue! In Nevada and Placer counties alone, 272 homes sold over the summer. (Refer to Units Sold Chart). Improvements in the stock market, substantial reductions in square footage pricing and the rebounding consumer confidence support strong summer results. The luxury market experienced a substantial decline with some excellent buying opportunities in areas such as Lahontan, Martis Camp (lots), Northstar and the North Shore. Mid-market areas such as Tahoe Donner have leveled out and homes in the <1,600 square foot arena have actually increased in price. The four bedroom, larger homes in Tahoe Donner continue to sit at $280 per square foot average.

What to expect in the coming months? A new crop of homes for sale over the winter – aggressively priced, another release of bank owned (REO) properties available to the consumer, more short sales as Option A and ARM loans reset and relatively stable pricing, with a potential dip of 4 – 5% over the winter in certain markets. Of course, there is always that “deal” if one moves quickly, can close within a very short period and is a cash buyer. Today, “cash is king” as they say!

Elder Group Tahoe Real Estate watches the market carefully. Feel free to call Alison Elder to discuss your real estate goals and objectives in this very unusual market in the very beautiful Tahoe region.

Alpine Meadows Neighborhood Profile

Alpine Meadows, a local’s favorite, offers skiers access to exceptional snowfall—more than 400 inches during the winter ski season. Check out Virtual Tahoe.com for access to great terrain and panoramic views of Lake Tahoe and surrounding resorts. Located between Tahoe City and Squaw Valley nestled off the Truckee River, this delightful area enjoys high snow fall and a central location. Beautiful homes, condos and a plethora of vacation rentals are accessible year ‘round.

The area also offers ease of access to all four seasons and outdoor activities including fly fishing along the Truckee River, biking, hiking, rafting, kayaking and snowshoeing.
Contact Alison