8/13/21

This past weekend, 14-year-old James Savage became the youngest person to swim the 21.3-mile length of Lake Tahoe and earn Tahoe’s Triple Crown. The swim took 12 hours. Earning the Lake Tahoe Triple Crown involves a series of three different swims, all of them spanning above 10 miles, including the true width, length and Vikingsholm, that traverses the southern portion of the lake.

Wildfire near Lake Tahoe shows we must adapt how we care for our lands — and quickly

Fire officials recently allowed my family to return to our home in Markleeville in Alpine County following evacuation for the Tamarack Fire. The fire, started by lightning on July 4, blew up quickly on July 16. Residents and emergency personnel had very little time to react. While there are questions about the decision to let the fire burn rather than to immediately extinguish it, there also are important lessons for the Lake Tahoe Basin and the rest of California.

Lake Tahoe is a national treasure that welcomes three times as many annual visitors as Yosemite. Yet with its risk of wildfire, millions of visitors, 65,000 residents and abundant public lands, the basin is a microcosm of California. The California Tahoe Conservancy, a state agency, and its partners are actively using the best science, technology and data to help us identify new and creative solutions to climate-related threats, including wildfire, while balancing this with expediency… READ MORE HERE.

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Interior Secretary Deb Haaland to Keynote 25th Lake Tahoe Summit

U.S. Senator Alex Padilla (D-Calif.) announced today that the 25th Annual Lake Tahoe Summit being held virtually on August 19th will feature Secretary of the Interior Deb Haaland as the keynote speaker. This will be the first time since 2008 that a sitting secretary of the U.S. Department of the Interior will serve as the keynote speaker for the Tahoe Summit. The theme of this year’s milestone 25th Summit organized with support from the Tahoe Fund, the Tahoe Regional Planning Agency, and Team Tahoe partners is “Celebrating 25 Years and Looking Ahead to the Next Generation of Lake Tahoe”…READ MORE HERE.

South Shore Stats

Active Listings

$793,450 median home price

$545.00 price per sq ft.

Pending Listings

$750,000 median home price

$472.00 price per sq ft.

Sold Listings

$730,000 median home price

$494.00 price per sq ft.

Absorption rate of 2 months real-estate inventory, as compared to the buying demand based on sales, is once again starting to decline due to a mid to late summer influx of buyers. This, the dog days of summer, is showing very strong buyer demand however this seasoned crop of buyers are reticent to get involved with multiple offer and over bidding as more inventory enters the market place. The Federal rates are also signaling a consistent low and attractive interest rate, fueling the affordability as prices continue to rise which bodes well for a strong and active late summer and early fall 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.

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!!