7.30.21

The free, weekly concert series that began in 2012 is back after a year and a half, and will host five total events that’ll conclude around Labor Day.

The event is sponsored by the city of South Lake Tahoe, Tahoe Wellness Center and On Course events.

“After a year and a half of not being able to produce concerts for our community, it’s a beautiful thing to see live music making a comeback,” said On Course Events Director of Marketing Leslie Shultz. “The support we’ve received from our event sponsors and vendors has made this short season of events possible. We’re so grateful for this community and excited to provide free shows on the beach once again.”

Join Us Virtually August 19th!

Join us for the 25^th annual Lake Tahoe Summit on August 19, 2021 hosted by Senator Alex Padilla.

The theme for this year’s Summit is “Celebrating 25 years and looking ahead to the next generation of Lake Tahoe.”

This one of a kind bi-state summit brings together elected officials, policy makers, federal agencies, the private sector, and locals to collaboratively address environmental problems facing the Tahoe Basin. The partnerships forged through the Lake Tahoe Restoration Act and the Tahoe Environmental Improvement Program have been critical to the development of sustainable regional environmental planning, land use and restoration, aquatic invasive species protection and eradication, transportation planning and implementation, and forest health and management.

The live event will begin streaming virtually at 10 a.m. on Wednesday, August 19th. To register, click here.

Making a Deep Difference: Lake Tahoe’s Largest Underwater Clean up

On a sunny Friday morning in May, 11 scuba divers clad in trilaminate dry suits and thick rubber wetsuits walked to the water’s edge near Edgewood Tahoe’s 17th hole. The group was on a mission: scavenge the bottom for garbage and debris, and return it to the surface for proper disposal. They spent hours under the 50-degree water and pulled up old tires, discarded concrete, old beverage containers and other trash from the sand.

It was hard work, a dive that would wear out even those accustomed to physical challenges underwater. But for this group, it was just the beginning…READ MORE HERE.

South Shore Stats

Active Listings

$797,900 median home price

$551.00 price per sq ft.

Pending Listings

$769,000 median home price

$494.00 price per sq ft.

Sold Listings

$740,000.00 median home price

$478.00 price per sq ft.

Absorption rate of 2.3 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!!

Mortgage rates just dropped to a six-month low, and refinances shoot higher

The popular 30-year fixed mortgage rate fell back to the lowest level since February last week, and the 15-year fixed set a record low. That sent borrowers to their lenders, looking to save money on their monthly payments.

Applications to refinance a home loan jumped 9% last week from the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index. They were still 10% lower than a year ago. The refinance share of mortgage activity increased to 67.2% of total applications from 64.9% the previous week…READ MORE HERE.