SVPOA spring `15 newsletter final - Squaw Valley Property Owners

Squaw Valley Property Owners Association
P.O. Box 2003, Olympic Valley, Ca. 96146 Spring, 2015
www.squawvalleypoa.org
Sally Brew
Elizabeth Danel
Mary Jones
Andrew Lange
Treas Manning
Tamara McKinney
Michael Willette
Tuck Wilson
As in years past, a lively silent auction will be held
after the meeting with unusual items donated from
members. Call Patty Heck (530-581-3841) with items
that you wish to donate. Drinks and appetizers will
liven the auction. All property owners are encouraged
to come to meet and greet their neighbors as well as to
find out what is going on in Squaw Valley.
SQUAW VALLEY PROPERTY
OWNERS ASSOCIATION NEEDS YOU
AS A MEMBER
Photo: © 2015 Patty Robbins, Robbins Design
Last Ski Day on the Mountain, April 26
MEMORIAL DAY WEEK-END NOT TO
MISS
A long-standing tradition in Squaw Valley on
Memorial Day week-end begins with breakfast put on
by our firefighters. On Saturday, May 23, all property
owners and their families in Squaw Valley are invited
to the fire station for a delicious breakfast of pancakes,
bacon, fruit, pancakes, and sausage. After coffee and
socializing, everyone picks up bags, signs up for a
street to clean, and heads out to pick up trash
accumulated over the winter. The breakfast is at 8:00
and the clean-up begins at 9:00. Volunteers drive
trucks around to pick up the bags during the morning.
To be noted that earlier in the week, students from the
Creekside Charter School picked up trash along Squaw
Valley Road.
The annual SVPOA meeting begins at 2:00 in the
Squaw Valley Lodge Ponderosa meeting room.
Speakers will give short presentations on issues
pertinent to Squaw Valley property owners. Speakers
will include John Johnson, President of the Mutual
Water Company, Mike Geary, General Manager of
PSD, Pete Bansen, our fire chief, David Stepner on SV
Parks and Recreation. Of special interest will be Troy
Caldwell, White Wolf Owner, who will speak on
proposed gondolas from Squaw Valley to Alpine
Meadows.
In 1957, Wayne Poulson organized the Squaw Valley
Property Owners Association, Inc. The intent was to
"engage in the establishment, implementation, and
enforcement of comprehensive planning and land use
in Placer County of improvements and facilities now or
hereafter existing therein to the end that the natural
beauty of the area should be protected, defended,
preserved and maintained as a recreational winter and
summer mountain area for the benefit of both private
property owners in the area and the general public."
Now the Squaw Valley Municipal Advisory Council
(MAC) and Placer County provide the residents with
the laws, entitlements, and ordinances needed as
envisioned by Wayne. Thus the original SVPOA
mission has changed over the years into now providing
information to Squaw Valley property owners.
Two newsletters are sent out during the year. To cover
the costs, the SVPOA asks for annual membership dues
of $30, the main source of income for the organization.
Although e-mailing of the newsletter would greatly
reduce the cost of the newsletter we would need
property owners' e-mail addresses. We are also
organizing programs during the year documenting the
history of Squaw Valley through speakers who have
lived in the valley early on. Unless we have your email address you will not receive information on these
programs as well as other significant events in Squaw
Valley during the year.
The dues also cover the costs of the SVPOA
contribution for plowing the bike path in the winter as
well as room rentals for events. (See the form at the
back of newsletter.)
Of the approximately 1400 property owners in Squaw
Valley, only about 540 are full-time residents. Whether
you live in or out of the valley, we plan to send to you
information either in the newsletter or by e-mails on
changes and events.
Many changes are ahead,
especially with the Squaw Valley Ski Holding plans for
development, which may influence you and your
property. Our mission is to keep you informed through
our newsletters, programs, and e-mails of events,
development plans and other changes in Squaw Valley.
By Sally Brew, President, SVPO
Photo by Treas Manning
Roger Pierucci, a long-time SV resident and SVPOA
member at the annual Firefighter's breakfast, Memorial Day weekend. Roger is one of many SV residents who, as a volunteer, have
contributed to keeping our Squaw Valley the beautiful place it is to
live and play
ADOPT-A-HIGHWAY
SVPOA provides cleanup along Highway 89, north of
Squaw Valley Road, three times a year. Andrew Lange
is asking for one hour of your time to help with these
clean-ups. The proposed cleanup dates are Tuesday
June 2, 2015, 9:00 A.M, Tuesday August 11, 2015,
9:00 A.M; and the special BBQ Clean Up on Saturday,
October 10 beginning at 4:00 P.M. and after which
SVPOA provides a picnic for all volunteers. Beyond
the satisfying sense of well being developed from
giving back to your community, this volunteer work is
a great opportunity to learn about your neighbors and
north Tahoe residents from the valuable articles they
donate to the roadside.
Please call Andrew Lange at 530-583-3402. Or E-mail
Andrew at [email protected] to sign up. We meet to
distribute safety and cleanup equipment at the Squaw
Valley Park parking lot at the time indicated
above. Thank you for your help By Andrew Lange
THE VILLAGE AT SQUAW VALLEY
Recent weeks have brought about many changes at
Squaw Valley Real Estate. Parks and Recreation
negotiations are on-going with Placer County. The
applicant team recently hosted a meeting with Andy
Fisher, Joe Flannery from the United States Forest
Service, as well as Eric Poulson and a number of other
key constituents to discuss the future trail
enhancements in Olympic Valley. The proposal has
been further refined to not only include a
comprehensive trail restoration, but also a new Shirley
Falls loop trail. Visitors will begin their adventure on
the new consolidated Granite Chief and Shirley Lake
trailhead. Once the trail splits, hikers will navigate their
way over a footbridge south of the falls, allowing for
safe and easy access to the Shirley Lake trail. From
there, hikers will have the option to continue hiking up
to Shirley Lake or back down to the base area.
In addition, new employee recreation amenities have
been added to the East Parcel, including a fitness
center, barbeque pits, picnic tables and horseshoe
areas. Circulation patterns on the East Parcel will also
be enhanced, allowing our employees and guests to
safely access the existing Class 1 bike path. The East
Parcel will provide affordable housing for employees,
employee parking, recreational opportunities for
employees, resort shipping and receiving facility, a
community market, as well as overflow day-skier
parking. There will be up to 50 housing units,
accommodating up to 300 employees. The majority of
these units will be dormitory style, integrated with
some studios for couples.
The Water Supply Assessment amendment is slated to
be released early to mid-summer and will be available
via the Squaw Valley Public Service District’s website
http://www.svpsd.org/documents?order=title&sort=asc
The 30-scale architectural model at Base Camp is
currently being updated to reflect our April 2015
Specific Plan and is anticipated to be online in the
coming weeks. Base Camp will be open by
appointment only during the summer months. For
continued updates on the Village at Squaw Valley,
please visit Base Camp located on First Street, in the
Village. To schedule an appointment, please email
Katie Lazzari at [email protected].
The April 2015 Draft Specific Plan and the Draft
Environmental Impact Report (DEIR) will be
published for public review in mid-May, commencing
a 60-day public review period. Both the Specific Plan
and DEIR will be available via the Placer County
website. Please direct all comments to Alex Fisch at
the Placer County Planning Department.
By Katie Lazzari, Community Relations Specialist , SVRE
SQUAW VALLEY MAC
The Squaw Valley Municipal Advisory Council
(MAC) continues to be engaged with the Village at
Squaw Valley Project. Over the course of the last
six months, the Council has reviewed the Park and
Recreation Plan, the planned use of the East Parcel
(across from the fire station) for employee
housing, employee parking facilities, shipping,
receiving and distribution and a convenience store,
the Traffic and Circulation Plan, and the Stream
Restoration and Open Space Plan.
On other projects, in a unanimous vote, the
Council recommended against the rezoning of the
current Squaw Valley horse stables site from
Forest Recreation to Low Density Residential for a
project that would have allowed for four single
family residences. Subsequently, the project was
withdrawn. The Council did approve of the Siberia
Lift Replacement which was then approved by the
Placer County Planning Commission. In another
action, the MAC sent a letter to the Planning
Director in opposition to granting “Exceptions” to
the Variance process for setbacks and height limits
on parcels with certain physical constraints.
There were various presentations over the
winter/spring on the Tahoe Area Regional Transit
(TART) Branding, results of the Tahoe Residential
Trash and Wildlife Survey, Transient Occupancy
Tax Audit and Communications Strategy, and the
North Lake Tahoe Resort Association Tourism
Master Plan.
The MAC formed a Parks and Recreation SubCommittee to look at what park and recreation
amenities the community would be interested in. A
public workshop followed on May 4th. The MAC
also continues with a Shirley Canyon Trails SubCommittee. Of interest to the community, the
Placer County Sheriff’s office has set up a
program to register skis and snowboards. Contact
is Melinda Mahler at 581-6382.
Finally, on bringing fiber optic to Squaw Valley
for High Speed Internet, at the May 7th meeting,
Suddenlink reported that they have an approved
plan for crossing the Truckee River near Tahoe
City Lumber. The infrastructure is in place along
Highway 89 and into Squaw Valley. One last
approval is needed from the Lahontan Water
Board and that is expected within 30 days.
Construction should take 6 to 8 weeks.
By Steve Kastan, Field Representative District 5
THE SVMWC PUSHES FOR DROUGHT
READINESS In an effort to reduce water consumption the Squaw
Valley Mutual Water Company is pushing for 100%
user connection to the new water meter system. The
Mutual Board is asking all members to be connected to
the meters by August 15, 2015. (The prior date was
October 15th, 2015.) The early date will give the
Mutual the ability to abandon the old back lot water
mains before next winter. The meter connection also
gives the company the ability to monitor for over use
and leaks. With the State mandates in place for a 25%
reduction in consumption this push means even more.
The SVMWC board election will be on Saturday,
Labor Day week-end, September 10th at 10AM. At this
annual meeting, in the PSD Community Room, new
board members will be elected. Anyone interested in
being a Board member please contact any of the
present Board members to be nominated or contact
Daniel Collin, Office Manager, 530-583-3674 for more
information. Ballots will go out July 1st, 2015.
Current Officers and Board Members
President: John Johnson – term expires 2016
Vice President: Hans Burkhart – term expires 2016
Secretary: Tim Matthies – term expires 2015
Treasurer: John Coyle – term expires 2015
Directors:
Liz Day – term expires 2016
Patricia Guilford – term expires 2015
Julee Rosa – term expires 2015
The new SCADA system is up and operating. SCADA (supervisory control and data acquisition) is a
system operating with coded signals over
communication channels so as to provide control of
remote equipment (using typically one communication
channel per remote station). A key ingredient for
operating and monitoring any water system is the
SCADA. The Mutual installed and is using the new
system to detect problems with the water supply
system with 24/7 access. The operating system for the
SCADA is a Cloud based system accessed from any
PC or Smart phone. The Operators have the required
control to make adjustments remotely, de-bug
problems, and react as needed for any emergency. This
system brings the Mutual into the 21st century while
saving time and money.
By John Johnson President, SVMWC
THE PUBLIC SERVICE DISTRICT
SERVES THE BEST TASTING WATER
IN CALIFORNIA!!
The SVPSD Board of Directors is excited to announce
that the water served to your tap by the PSD won a
blind taste test for Best Tasting Water in the state of
California at the 2015 South Lake Tahoe Expo. The
District was awarded the distinction of best by the
California Rural Water Association in April. So in
celebration – DRINK UP!!!
But not too much; drink responsibly because in other
(more discouraging) news, the worst drought in
California’s recorded history is persisting in 2015,
causing the State and the District to respond with
unprecedented measures to conserve water. Governor
Brown issued an Executive Order and the State Water
Resources Control Board followed by adopting
emergency regulations mandating reductions in water
use.
The PSD extended its Stage II Water
Conservation Restrictions which can be found at our
website: www.svpsd.org.
The District monitors
groundwater levels in the community’s aquifer for
impacts from the drought on a daily basis and we
expect aquifer levels to drop earlier than normal this
year due to less than average recharge this spring and
summer from upper elevation snowpack. Although we
are not experiencing a water supply shortage at this
time, we all need to do more to save water.
The Village at Squaw Valley Specific Plan continues to
progress through the planning process with the PSD
and Placer County. In response to the historic drought,
the Water Supply Assessment (WSA) for the project is
being amended and is expected in July 2015. The
assessment will be peer-reviewed by an independent 3rd
party hydrogeologist. The PSD is also participating in
the EIR review and negotiations of a development
agreement with the developer.
Valley depends on where ignition takes place and the
wind and climatic conditions in effect at the time: there
will be fires, of that we can be sure.
So - what can we do to protect our homes and
community in the face of a heightened threat? It’s
really no different than what we emphasize every year,
but this would be an excellent year to do a little better
job with defensible space - clear a little farther, prune a
little more aggressively, replace flammable, native
vegetation with fire resistant plants. Start early and
repeat as needed through the summer!
Here are a couple of excellent informational links:
http://www.readyforwildfire.org/
http://www.preventwildfireca.org/
You may have already received our annual defensible
space letter and self-inspection checklist, accompanied
by our document on wildland fire evacuation (nothing
sinister intended in that juxtaposition - just efficiency
and saving some money on postage). In the event of
fires in the region, we will again use Nixle to
communicate current information and links. If you
have not yet subscribed, text 96146 to 888-777 on your
smart phone to be automatically updated with
information for Squaw Valley. We will also use the
Placer County community notification system in the
unlikely event of an evacuation. In the event of a fire
in the region, please utilize accurate, timely
information from official sources rather than relying on
rumor or supposition from social media!
On June 9th, as part of our region-wide preparation for
fire season, we will be hosting a training exercise with
our partners from all of the firefighting agencies (local,
state and federal) in the region. Please don’t be
alarmed - this is how we practice working as a team to
protect you - but be watchful and aware as fire
apparatus will be driving and operating.
By Pete Bansen, Chief - Squaw Valley Fire Department
In other news, the District is planning for its 2nd year of
providing operations and maintenance services to the
Mutual Water Company on a contractual basis, Phase
III of the Redundant Water Supply / Preferred
Alternative Evaluation is scheduled for completion in
December 2015, and the valley’s sewer collection
system is in its 4th year of television inspection.
By Mike Geary, General Manager, PSD
FIRE SEASON - 2015
It is hard to forecast how 2015 may differ from last
season, but with drought conditions becoming more
severe and forest fuels of all types becoming even
drier, wildland fires will ignite more readily and, once
burning, will enlarge more rapidly and burn with
greater intensity. How that will affect us in Squaw
Squaw Valley Creekside Charter School Students After Clean-up of
Squaw Valley Road on Monday, April1
SQUAW VALLEY AND ALPINE
MEADOWS ANNOUNCE PLANS TO
CONNECT RESORTS VIA BASE-TOBASE GONDOLA
Squaw Valley Ski Holdings, LLC has reached an
agreement with the owner of private land located
between Squaw Valley and Alpine Meadows to create
a base-to-base gondola connection between the two
iconic mountains. The gondola would make it easy for
skiers and riders to explore both mountains with a
single lift ticket or season pass, without travel by car
The planned gondola connection between the two
mountains is the result of a partnership between Squaw
Valley Ski Holdings and Troy Caldwell, the owner of
the private land dubbed “White Wolf,” located between
Squaw Valley and Alpine Meadows. The estimated
completion date of the project will be subject to Placer
County and US Forest Service approvals once
applications are submitted. Plans to connect the two
mountains include the possibility of the lift to be
constructed as a high-speed, detachable gondola that
would operate between the base of Squaw Valley and
the base of Alpine Meadows, traveling over the KT-22
Peak. There are no plans currently being contemplated
to allow skiing or other non-skiing activities along the
lift route or on the White Wolf terrain.
Squaw Valley Ski Holdings and Troy Caldwell will
work with mountain planners at SE Group to design
and construct the gondola connection to ensure good
stewardship of the high alpine environment whose
natural beauty is integral to the overall Squaw Valley
Alpine Meadows experience. The planned base-to-base
gondola will be carefully designed to minimize the
overall footprint and potential visual impacts to the
adjacent Granite Chief Wilderness, as well as maintain
the scenic beauty of the area.
To accomplish this, design elements include
minimizing the number of lift towers and eliminating
the need to construct access roads. The result of these
efforts would significantly reduce necessary timber
removal and vegetation clearing for construction, and
would minimize impacts on watershed, soils and
natural resources throughout the planned lift corridor.
Recognizing the visual sensitivity of the surrounding
area – particularly the adjacent Granite Chief
Wilderness, measures will be implemented to minimize
the potential for adverse visual impacts from the
perspective of design, materials and equipment
selection, and operational practices. In addition, it is
anticipated that the operation of the gondola will
substantially reduce both resort shuttle service and
guest vehicular traffic between the two resorts, leading
to a reduction in overall vehicular emissions.
By Michael Radlick, SVSH Public Relations, Cinch PR & Branding
IOV EFFORTS CONTINUE ON
IOV (Incorporate Olympic Valley) has been meeting
with experts on Municipal Law and administration of a
city. A Placer County based agency called LAFCO has
the responsibility to decide whether an applicant can be
qualified to become a town. This is a complicated
process. Analysis of the cities potential revenues and
expenses is being conducted by a private consultant
(RSG) assigned by LAFCO and paid for by
IOV. These reports are subject to many assumptions
and conclusions vary depending on the assumptions
made. A draft will be issued and a hearing held by
LAFCO to review the assumptions, statistics and
conclusions. Then LAFCO will issue a final report on
fiscal feasibility.
The benefits of incorporation would include local
decision making, administration, and direction of room
taxes to local projects. These taxes will increase with
development of projects in Squaw Valley and a town
would direct where these funds are used. IOV has
agreed to continue to support the North Lake Tahoe
Resort Association funding for projects in the North
Lake Tahoe area. These include bike trails and other
infrastructure projects.
At the request of Squaw Valley Ski Holdings attorneys
LAFCO has required IOV to pay for an EIR at a cost of
$146,000. Selection of a consultant for this task has
been completed by LAFCO.
Placer County by law is entitled to have any new
incorporation pay the county an amount of money that
will keep the County from losing money as the result
of incorporation. This results in what is called a
revenue neutrality negotiation. An analogy is often
made to the town divorcing the County and the town
then has to pay alimony. Although there is no precise
formula for this transaction the idea is that Placer
County should not be worse off because of the
Incorporation.
IOV is researching comparable data on issues of
revenue sources, most efficient staffing of the Town,
costs for contract services like law enforcement and
snow removal, planning and parks and recreation. IOV
is preparing position papers for issues that may have to
be debated before LAFCO.
IOV is committed to the best possible community
for residents, visitors and developers for this unique
and beautiful valley.
By Bob Barnett, new member of the IOV Board
NEW COURTS AHEAD FOR
PICKLEBALLERS
HANS BURKHART, LONG-TIME
SQUAW VALLEY RESIDENT
This summer's pickleball activity is in the hands of
Placer County and Auerbach Engineering. The Placer
County Board of Supervisors has approved the funds
for the construction of three dedicated pickleball
courts......the nearest other dedicated courts are in the
Folsom area.
Hans knows Squaw Valley mountain operation
probably better than most anyone who has lived in
Squaw Valley. Born in 1935 in a small town in the
mountains of Germany, he early on was fascinated with
the ski lifts in his home town. He knew when he was
hired by a Swiss Company in 1958 to work on building
a gondola in Banff that building mountain lifts would
be his life-time passion.
Design work is well underway and we hope for
construction to begin ASAP. In the meantime, the net
is up (has been for weeks) and folks are playing. When
construction begins, play is available at Truckee Rec
Center (indoors), Kilner Park (courts being re-surfaced)
near Sunnyside, Tahoe Vista Regional Park and
Granlibaaken (hours to be determined) in Tahoe City.
Players are looking forward to the new courts and the
poetential for more organized play, instruction for
newbies and perhaps even round-robin tournament play.
In the mean time, all are invited to join the
pickleballers on the present courts in the SV Park on
Saturday and Sunday mornings. By John Sproehnle
SQUAW VALLEY CHAPEL SUMMER
CONCERTS
Squaw Valley Chapel, United Church of Christ, 444
Squaw Peak Road, has schedules three summer
concerts to which all are welcome.
* At 4 PM, Friday, June 19, 2015, Soughdough
Slim, who has been in concert at Carneige Hall as well
as County fairs and Cowboy gatherings all over the
country, will share his many talents in the
Chapel sanctuary. Admission is $10/ person.
*At 3 PM, Sunday, July 12, 2015, Sondre Hoymer,
Norwegian classical guitarist, top prize winner of the
International Sierra Nevada Classical Guitar
Competition will perform, Admission by donation.
*At 2 PM, Sunday, August 23, 2015, The Classi-Gals
(Marha Damon O'Neill, flute; Elaine Courtney, piano;
Rita Whitaker Haun, cello) will perform in the Chapel
with a reception on the lawn to follow. Admission by
donation.
*Worship at the chapel begins every Sunday at 10 AM
and all faiths are welcome.
After returning back to Germany, he was invited by
Stein Erickson to come to Aspen Highlands where he
taught skiing for two seasons. He was hired in '60-'61
after the Olympics to come clean up the sawdust left in
the parking lots. (Early residents of SV probably
remember the piles of sawdust left at the edge of the
meadows.) In 1962 Hans came to Squaw Valley,
invited by Alex Cushing, to build the gondola which
took skiers up to Gold Coast. Next Hans managed the
building of the tram in '68
following a route chosen by
Alex. Building the tram
required making a road to
build the towers.
Since 1978 other lifts and
trams that Hans worked on
were at Snowbird, Mt.
Bachelor, Jackson Hole and
Telluride. He also built zip
lines in Los Vegas. However
Alex kept bringing Hans back to work at Squaw. Hans
was Mountain Manager in the 70's. He became
General Manager, under Nancy Cushing, in 2002 to
2003 in which he was running 32 different
departments. He decided after that experience he much
preferred working on lifts on mountains.
When asked what he was most proud of in his work,
without hesitation he said the current Funital. He was
asked by Alex to build a state-of-the-art lift that would
take people up to Gold Coast even in high winds. The
Funital, a complicated system to build, is the only one
in the United States. With the old gondola, days of
operation in the ski season were 40. With the Funital,
skiers were able to get to the upper mountain 160
days…a great improvement. Hans worked literally 14
hour days with his crew to finish the Funital in 17
months to be ready for skiers in the winter , December
18, 1998.
By Art Domingue.Minister
Hans laments the fact that the pictures and information
about Alex Cushing have been taken out of all places
including in the tram building. Alex was the dreamer
who initiated the building of Squaw to be the ski area it
is today. Hans is now retired from working on lifts. He
enjoys living in his beautiful Squaw Valley home
which he built in 1982. His three daughters and son,
who all grew up in Squaw Valley, now live near-by.
Currently Hans volunteers his expertise as one of the
Directors of the Squaw Valley Mutual Water
Company. Hans is clearly a mountain man who has
contributed greatly in making Squaw Valley a firstclass mountain for skiers to access the greatly varied
terrain. By Sally Brew
SVPOA PROGRAM ON TRAM
ACCIDENT
On April 12, SVPOA sponsored a program on the 1978
tram accident. The panel of speakers were either on the
tram or a rescuer. Dean Hall was in the lower tram.
Bobby Carter, Ken Volz, and Larry Lawrence were
rescuers. Dale Cox was in the upper tram which was
sliced by a cable. On the upper tram 4 people died and
26 were injured. The ski patrol, instructors, and
hundreds of others in Squaw Valley were involved in
the rescue during the terrible cold and snowy night. An
edited video of the presentation will be available on
the SVPOA website in a few weeks.
RECREATION AND PARK FACILITIES
IN SQUAW VALLEY
If funds were available, what would you as a property
owners like to see in the valley for enhanced parks and
recreation facilities??? At a recent community meeting
on Parks and Recreation, Squaw Valley attendees were
asked to rate what amenities they would like to have
within the valley. In consideration were more sports
facilities, a swimming pool, a children's enhanced
playground, picnic tables and benches, a "barn" with
movie theater, exercise room, games. A committee is
proposing to send a questionnaire to all property
owners to (1) find out what would be desired, and (2) a
willingness to raise property taxes for amenities and for
how much. Think about what your answer might be.
Any thoughts/ideas you have now can be sent to Ed
Heneveld, doced@att.
******************************
THE SVPOA BOARD ASKS YOU TO PAY FOR SVPOA
MEMBERSHIP NOW!!!
NEW/RENEWAL MEMBERSHIP REPLY FORM
ANNUAL DUES ARE $30 FOR TWELVE MONTHS, DUE MAY, 2015. If dues are paid later in the
year, you will receive an annual notice to pay at that time.
Thank you, members, for your continued support. To those Squaw Valley property owners who
have not become paid members, won’t you consider joining now? SVPOA is a valley-wide
association that any property owner may join. Your membership will ensure that you will keep
informed of all important issues in Squaw Valley. Your dues make possible mailing our newsletter,
plowing of the bike path, and community events. One can also renew membership on the SVPOA
website, www.squawvalleypoa.org.
NAME ______________________________________________________
DATE ________________
MAILING ADDRESS:_______________________________________________
SV ADDRESS: ________________________ PHONE NUMBERS:___________________
E-MAIL ___________________________________ _____________ I am no longer a Squaw
Valley Property Owner. Please take my name off the mailing list. _____
Mail Checks payable to SVPOA, P.O. Box 2003, Olympic Valley, Ca. 96146
Squaw Valley Property Owners
P.O. Box 2003, Olympic Valley, Ca. 96146
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US Postage
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96145
Granite Chief Trail in January
SQUAW VALLEY REAL ESTATE MARKET UPDATE:
Single Family Residence Sales:
5/13- 5/14
23 sales Median price: $1,750,000
5/14- 5/15
8 sales Median price: $1,082,500
Squaw Valley Condomium Sales:
5/13-5/14 50 sales Median price: $452,500
5/14-5/15 29 sales Median price: $600,000
Single Family Residence News:
The current MLS inventory shows 30 homes listed for sale and 2 properties in escrow. The highest price of homes for sale is
$15,000,000. (Squaw Valley Homestead / the Poulsen estate / acreage) The lowest priced home is $489,000.
The highest priced sale for the 2014- 2015 period was $4,000,000. *The large drop in the single family residence median price was
caused by the 2013 sale of 258 Granite Chief Rd. for a Squaw Valley record price of $8,500,000, which skewed the 2013-2014
median sale number. The average days on market (DOM) for single family residences that sold in the time period from 5/13- 5/14
was 184 days. The DOM for the single family residences that sold in the time period from 5/14 -5/15 is 210 days.
Condominium News:
Interest and activity are increasing this spring in the condominium market. There were 29 condominium sales since 5/14; 9 of which
have occurred in the 1st quarter of 2015. Currently there are 63 condos on the MLS and 3 in escrow. Condominium sales’ DOM for
5/13- 5/14 were 299. The DOM for condos from 5/14-5/15 were 252.
Summary:
“Honesty is the Best Policy”
The hot market that San Francisco and the Bay Area have experienced this past year caused a bit of over-enthusiasm in some of the
list prices in and around Squaw Valley. This enthusiasm, along with another lean snowpack season caused sales’ numbers to
decrease in the last year.
Whether you are interested in selling your home or buying, the market is definitely telling us that the “honest” list priced properties
are selling. (Homes priced in the market and not above it.) There are also great opportunities out there for buyers as well if you know
where to look.
MARKET UPDATE PROVIDED BY TAMERA MCKINNEY, SIERRA SOTHEBY'S INTERNATIONAL REALITY