Summer is offically here and it is a beautiful time to visit Lake Tahoe.

Here is a link to many activities going on over the July 4th celebrations and throughout the summer months.

Sign up now for the I Can Run/Walk over July 4th and stake out your spot at Ski Beach which will be open to the public for fireworks. We traditionally go over early in the morning and layout blankets and chairs for the evening firework spectacular! They place a barge on the lake in front of the Hyatt and set off a fabulous display around 9:00 PM. Not to be missed!

Shakespeare at Sand Harbor- another annual event with Lake Tahoe as the backdrop for shakespeare performances and additional entertainment throughout August!

Hiking, biking, sailing, golfing it is all waiting for you right here at Lake Tahoe. The local golf course has special offers to take advantage of so check out the link.
It is nice to see the village filled with activity bringing in our summer season- they Hyatt hotel is 90% filled which is always a positive indicator.

The Lake is calm and the sky is crystal blue so book your trip to escape to paradise at Lake Tahoe!

Looking for the right buy at Lake Tahoe? This is the time to buy! Don’t limit yourself to short sales or foreclosures, there are plenty of motivated seller’s and you won’t have to wait 4 months to close the deal.

After reviewing residential sales, year to date and found the highest number of sales fall between $500-$750,000 with 7 closings. This is followed with 5 closings under the $500,000 price range.

Here is a breakdown of listings and solds year to date:

Active     Solds                       Price ranges

5            5                               0-$500,000

30          7                               $500,001-$750,000

35          3                              $750,001-$1million

26         3                                $1 Million-1.2 million

23         1                                $1.2M-$1.5Million

38         3                                $1.5 Million-$2 million

18          3                               $2 million-$2.5 million

16          2                                $2,5 million-$3million

12          1                                $ 3 million-$3.5 million

16          3                                $3.5 million-$4 million

8            1                                $4 million-$5 million

8            0                                $5 million-$6 million

17          1                                $ 6 million+

Bank owned or short sales totaled 13 of the 33 sales.

What number are cash buyers versus buyer’s securing financing- 17 out of 33 sales involved loans.

Cash buyers make up about 60% of buyer’s especially over the $1 million price.

There are 11 residents under contract of sale with 6 under $750,000 the highest under contract is listed at $1,650,000.

This has been an unusual June with overcast sky’s every day. The good news is the pine pollen which usually leaves a yellow cloud of dust everywhere for 2 weeks has been washed away by afternoon showers. It is great weather for hiking! It has put a damper on boating with the threat of afternoon thunder showers.

The real estate market is starting to see an upswing in activity. Our office had 15 showings scheduled for today and we will be closing on 347 Burgundy Hill,  tomorrow a beautiful lake view condominium on one level.

A snap shot of the market:

 Property           Active        High                Median            Low             Under contract     sales

Residential       238           $39 Million       $1,595,900     $408,000         10                      31

PUD’s                62            $2,450,000      $ 998,500        $299,000         7                         6

Condo’s            177           $3,850,000      $495,000         $174,500        10                       18

Our pricing has finally hit the affordable level for buyers at all price points.

How are 385 agents surviving in this market- carefully! Very carefully! Lakeshore Realty is holding its own right now and we have an optomistic outlook as activity increases.