It’s a good time to be a home seller — homes are selling fast and for a premium — but that doesn’t mean you can jump into the market ill-prepared. Knowing what to expect can position you to make the most of this seller’s market.
Roughly 1 in 6 (or 17%) homeowners plan on selling their home in the next 18 months, according to a new NerdWallet survey conducted online by The Harris Poll among 2,127 homeowners. Those listings will be a welcome sight to buyers currently competing for a limited number of homes commanding top dollar… READ MORE HERE.
Sports and entertainment superstars will take center stage July 7-11, at the American Century Championship in South Lake Tahoe, with fans returning after last year’s attendance restrictions, once again playing a major role in the production. Tickets will go on sale, online beginning Monday, May 17.
Leading roles will be assumed by Justin Timberlake, Tony Romo, Patrick Mahomes, Aaron Rodgers and Charles Barkley, with a star-studded cast of 80 acclaimed celebrities competing for $600,000 at Edgewood Tahoe Golf Course during the 32nd annual edition aired on NBC.
Last year’s tournament was safely conducted albeit without spectators amidst the global pandemic. The entire purse of $600,000 was donated to COVID-19 and social justice charities while the event fulfilled its commitment to promote the Lake Tahoe region in what is the destination resort’s biggest week of the year. This July’s mega-hit anticipates the return to a semblance of normalcy as organizers work with state, regional and health authorities for spectator access – estimated at half the 60,000 fans who typically line the fairways as well as lakeside in boats next to the famed 17th hole…READ MORE HERE.
Fund Fact: No Poop Left Behind
The snow has melted and the hiking boots have come back out, and that’s why we are reviving an oldie but goodie for the fun fact. After a fun time romping with Fido, it’s important to make sure you don’t leave any poop behind. Here’s a fun tip on what to do with your dog’s poop after your hike is over. Thanks for being #1 at picking up #2!
Weekly South Shore Real Estate Stats
Active Median- $1,312,500 at $686.per sq ft.
Pending Median- $685,000 at $498 per sq ft.
Sold Median- $725,000 at $516 per sq ft.
Absorption rate of 1.03 month of inventory; while this is some slight improvement, we’ll continue to keep an eye on the inventory increase that is predicted on the near horizon. This will allow for a slightly more balanced market and for a more diverse inventory to appeal to the buyer’s needs.
However, pending sales continue to outpace the inventory, which predicts the upcoming market as an aggressive seller’s market. Keep an eye on days on market (DOM), along with the list to sales price % which is noticeable at 103% of listing price as an average. Lastly the price appreciation, driven by supply and demand, is continuing to push the price points up and this week over last was a noticeable 5% on an average.
The big question, looming large in everyone minds is how long these prices will continue to appreciate and will they be sustainable.
Supply and demand are the key contributors while interest rate play a huge roll along with employment demands and constraints. All of which indicate that we will continue to see all of the above i.e. increased supple as selling start feeling the urge to move about, demand has continued to surge as the buying public looks for safe, healthy and affordable communities to grow their family, interest rates are suppressed to encourage and stimulate the economy and employers are feeling their way through the remote options for team employees to be productive! This spells a continued high tide for our amazing Tahoe Mecca for the foreseeable. More to follow.
As you drive up to this beautiful property backing to forest and next to Conservancy lots on both sides, you’ll immediately appreciate its well maintained, pride of ownership. The neighborhood and property are serene, yet close to downtown Meyers. Rebuilt in 2003, this stylish chalet features log railings and accents throughout. Come up the stairs from the garage onto the large deck and into the front door. Living room has a stunning gas fireplace and open to the kitchen with gas stove, butcher block and slab concrete counters, and dining area punctuated by a bay window for letting the abundant sunshine come in. 2 bedrooms and 1 bath located downstairs, while the large primary bedroom with deck to take in the views is upstairs along with bedroom #4. Open beam ceilings throughout. Make this stunning property your Tahoe dream today.
Great centrally located duplex with income potential; just minutes away from shops, restaurants and much more! Rent both out or rent one and live in the other! Property boasts a fabulous hot tub, work shed and nice flooring. Room for 4 cars, cute planter boxes in the front yard and a fenced back yard- perfect for your furry friends or summertime barbeques. Pride of ownership shows on this well taken care of property. This is definitely a must-see income property!
This cozy 2 bedroom 1 bath Lake Village unit is the perfect introduction to NV residency. This is an end unit with nice views of the common area. Not too big and not too small- just the perfect size for your Tahoe home. With a bit of upgrading, this property will shine: fixing the ceiling in the bedroom, replacing bottom of vanity cabinet, replacing two doors. The HOA offers a pool, sauna, spa, clubhouse and tennis courts! Across the stress is access to Nevada Beach and great trails at Rabe Meadow. Round Hill shipping center and beaches are just minutes away!
With a little love, this duplex has great income property potential. Centrally located and close to casinos, beaches, shopping, skiing and the only cinema in town. There is a spacious 3 bedroom 2 bathroom unit upstairs and a 2 bedroom 1 bathroom unit with a 1 car garage downstairs. Large driveway that can accommodate numerous cars. Don’t miss out on this unique opportunity! Property to be sold as-is”.
Fantastic Heavenly 5-plex with a view. Location, location, location! 4 roomy 1 bed 1 bath units and a 2 bed 2 bath unit (2nd bedroom is a laundry room). Each unit has a carport & storage unit, separate electric meters, gas is paid by landlord, large deck for outdoor entertaining overlooking Ski Run Blvd with filtered Lakeview’s. Situated on a .23 acre parcel minutes to Heavenly & Lake Tahoe. Stateline gaming, Heavenly Village, dining & shopping and the Gondola are just 10 minutes away. Prime opportunity for future development with capitol improvements- call for consultation.