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7.23.21

July 31, 2021 by southtahoerealestate Leave a Comment

 
July 23rd, 2021
 
 
In this issue…
 
News Links
See what’s happening this week…
 
· Tamarack Fire Update
 
· Family copes with losing home in Tamarack Fire
 
· Explore the Hellman-Ehrman Mansion – a Lake Tahoe Lakefront Legacy
 
·Lake Tahoe Basin Prosperity Plan 2.0
 
·Home-Builder Confidence Wanes Amid Ongoing Shortages of Workers and Materials
 
·American Spending is Up- and So are Prices
 
·Lumber Prices Are Way Down—But Don’t Expect New Houses to Cost Less
 
·What is the Maximum Price I Can Afford for a House?
 
· Pandemic Migration Patterns a Boon in Vacation Home Market
 
·Tahoe Fund Advances Local Environmental Projects with Bently Nevada as Newest Corporate Community Partner
 
· Sample the Sierra returns revamped; Limited tickets available
 
Local News Links
 
  • Tahoe Institute of National Science
 
  • Tahoe Quarterly Magazine
 
  • South Tahoe Now News
 
  • What’s Happening At The TRPA 
 
  • South Lake Tahoe Events 
 
  • LTUSD Community News  
 
  • Tahoe Weather – The weather is perfect in Tahoe! 
 
  • Lake Tahoe News- Tahoe Daily Tribune
 
South Shore Stats
 
Active Listings Median:
$729,000
$527/sq ft.  
 
Pending Sales Median:
$769,000
$499/sq ft. 
 
Sold Listings Median:
$729,000
$506/sq ft. 
 
Absorption rate of 2.24 months of inventory; This is definitely a sizable improvement on the buy side pressures of past limited inventory albeit, still a seller’s market.
 
We’ll continue to keep an eye on the inventory increases that is being seen in the market as predicted. This will allow for a more balanced market and for a more diverse inventory to appeal to the buyer’s needs. Sellers are still in the driver’s seat with less than 2 months active listings on the market.
 
3-5 months inventory is considered the range for an equal playing field when buyers and seller negotiate, providing additional options for buyers to consider when making an offer with a bit more leverage. This is a good sign considering the buyer exhaustion experienced over the past year which has soured the buying experience.
 
Welcome back to the market where you are encouraged to come take a look and see what new and exciting homes are available. Or, if you’re new to the market we’ll bring you up to speed and get you on the right path to your Tahoe home ownership!!
 
 
Lake Tahoe Wildlife Care Celebrates Opening of New Outdoor Learning Center at New Campus
 
Lake Tahoe Wildlife Care (LTWC) celebrated the opening of their Outdoor Learning Center today, the first public component of their new $6 million campus. Thanks to a $30,000 contribution from Tahoe Fund donors including the Mathman Family and a $15,000 match from Tahoe Blue Vodka, the public will now have the opportunity to see and learn about some of the animals in LTWC’s care. A porcupine, an eagle, Kestrels and owls are a few of the animals the center will use for educational purposes… READ MORE HERE.
 
Covid Market Update
 
Housing continues to show signs of normalizing in California as high prices and a competitive, gradually healing economy continue to bring more sellers back into the market. In addition, C.A.R. reported last week that June was another double-digit month for both sales and prices in the state. COVID cases have started to rise again and buyer fatigue continues to push sales down from 15-year highs. However, rates have started to ease modestly and that may combine with slightly more inventory in coming weeks to fuel a rebound in potential homebuyers…READ MORE HERE.
 
Fun Fact
 
Tamarack Fire
 
The Tamarack Fire started as a lightning strike in the Mokelumne Wilderness on a rocky ridgetop with sparse fuels and natural barriers to fire spread. Friday, July 16 high winds caused rapid downslope fire spread. With this change in the fire, resources were quickly dispatched to the site. Additional resources were ordered, including very Large Air Tankers (VLAT), Single Engine Airtankers (SEATS) and helicopters. 
 
The Type 2 Great Basin Incident Management Team #3 assumed command of the fire on Sunday, July 18 at 6 a.m. transitioning to the Rocky Mountain Type 1 Incident Management Team on Tuesday, July 20. Many Federal, State, and Local government agencies as well as organizations and businesses are cooperating to make progress on the fire.
This is a full suppression fire. Public and Firefighter safety is the number one priority. Minimizing impacts to local communities, private property and structures, natural resources, highway corridors, and recreation improvements are key considerations. Our intent is to keep you fully informed on the fire’s activities and our suppression efforts as the incident progresses. READ MORE HERE.
 
Open Houses
 
 
1076 Deer Cliff Drive
$2,099,000
New Listing!
 
Saturday, July 24th from 11:00-1:00pm
Hosted by Shannon Witt
READ MORE
 
 
1142 San Bernardino Avenue
$597,900
New Listing!
 
Saturday, July 24th from 11:00-1:00pm
Hosted by Nicole Ladd
READ MORE
 
 
1226 Margaret Avenue
$495,900
New Listing!
 
Saturday, July 24th from 11:00-1:00pm
Hosted by Bret Howard
READ MORE
 
 
2913 Springwood Drive
$797,900
 
Saturday, July 24th from 1:00-3:00pm
Hosted by Deb Howard
READ MORE
 
Featured Listings
 
 
2249 Helen Avenue
$985,000
 
  • Jubilee Kids Academy
  • Licensed Preschool/Daycare
  • Well Established
  • 2,656 Square Feet
  • 0.254 Acre Lot
READ MORE
 
 
1975 Osage Circle
$563,500
 
  • 2 Bedrooms
  • 1 Bathroom
  • 910 Square Feet
  • Beautifully Landscaped
  • 10,019 Square Foot Lot
READ MORE
 
 
721 Julie Lane
$589,000
 
  • 3 Bedrooms
  • 2 Bathrooms
  • 1,540 Square Feet
  • 1 Car Garage
READ MORE
 
 
1105 Sierra Boulevard
$645,000
 
  • Duplex
  • Unit A: 2 Bed, 1 Bath
  • Unit B: 2 Bed, 1 Bath
  • 1,708 Square Feet
  • Centrally Located
READ MORE
 
 
1648 Sherman Way
$549,000
 
  • Vacant Land
  • Views of Lake Tahoe
  • 0.45 Acres/19,602 Square Feet
  • Ski in Ski Out Access
  • Surrounded by Forest Service Land
READ MORE
 
Just Sold
 
 
2645 Knox Avenue
$585,000
 
  • Buyer’s Agent: Shannon Witt
  • 3 Bedrooms
  • 2 Bathrooms
  • 1,816 Square Feet
READ MORE
 
RSPS logo
Thank you for being our valued client!
Deb Howard & Company | realtordeb.com
(530) 542-2912
CA#01302763  •  NV#B.0052501
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Filed Under: South Lake Tahoe Real Estate Update

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