Archive for the ‘Lake Tahoe Real Estate’ Tag
Posted in the last blog was a summary of North Tahoe/Truckee real estate sales activity for the first half of 2013 in comparison with the first half of 2012. What do those numbers mean if you are contemplating buying or selling.
A few key points:
The average and median prices were up 16% in the first half of 2013, while total sales were up only 5.7%.
The median days on the market was only 37 days in 2013…a drop of 44% from the number of days it took to sell a home in 2012. The average days on the market in 2013, however, was significantly higher, 92 days, just 19% faster then 2012.
Remember, median is the 50th percentile. To compute the average, you take all the sales, add up the total price or days on the market and then divide it in half. The average may be higher than the median when several very high numbers are reflected in the average.
What accounts for the significant differences between median and average when it comes to the days on the market, and number of sales?
Perhaps it is a sign of two markets:
The first market is one of well maintained homes that are priced competitively. Buyers are ready, willing and able to jump on these puppies as soon as they hit the market. These buyers are driving up the average and median prices, and driving down the median days on the market. The lack of homes that fit this description is why even though the buyers are there, the homes that meet their needs are not.
The second market is composed of a large supply of homes that need work and are priced too high. Some of these homes were purchased at the height of the market, and the sellers are not able to sell the properties at a lower price. And some are listed for sale by those who are only motivated to sell if they can get “the right price.” This market is reflected in the high average days on the market. What accounts for a median days on the market of 37, with an average of 92? A lot of homes that sit on the market for six months or a year or more before they finally sell…usually after several price reductions.
Share this: Lynn Richardson, Your Friend in High Places
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It’s our country’s birthday. Time to celebrate. Hit the beaches, hike a trail and/or fire up the BBQ’s! Good Food, Good Friends, Good Wine! Then watch the fireworks at your favorite venue of choice. Kings Beach flames up the firecrackers tonight, July 3rd. Tahoe City and Truckee leave the sparklers until the actual 4th. Enjoy! And be safe out there!
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And to help you celebrate, here is a recipe for a tasty, patriotic treat. You’ll be the hit of the party!
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Berry Patchwork Tart
For the recipe, and more holiday desserts, go to Better Homes and Gardens:
Share this: Lynn Richardson, Your Friend in High Places
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The 4th of July is soon upon us, which officially kicks off the summer season here at Lake Tahoe.
There is a lot to do and see in these brief, but glorious months, so best be marking your calendars to fit these cultural and/or summer fun events into your schedules.
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Photo from Shakespeare Festival Website.
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Back again, as always, is the Lake Tahoe Shakespeare Festival at Sand Harbor. A night out under the stars watching the finest from the bard of Avon is a local staple. Last year they expanded their repertoire to include the ballet Giselle, which was a wonderful addition to the theatrical menu. We sat next to out of town guests who had never been to our local favorite venue, and marveled at our picnic ‘spread’ of gastronomic delights. If you’ve never done any events at Sand Harbor before, pack a gourmet picnic, (although you can buy food and drink there as well) a low back chair, warm clothing, and yes, even some rain gear…just in case. A bottle of vino or two is permitted, but the events prefer you put it in something unbreakable. Broken glass, bare feet and sand is a really bad combination.
And don’t forget to pack a FLASHLIGHT! It’s hard navigating your way back to your car in the dark…just sayin’…
This year’s production is A Midsummer Night’s Dream. The season starts on July 12th and runs through August. On Mondays are other theatrical productions including ‘Broadway on the Beach’, The Reno Chamber Orchestra and the ballet ‘Coppelia’, along with much more.
http://www.laketahoeshakespeare.com/
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If you’re a boat aficionado, the 41st annual Concours d’ Elegance is August 9 & 10 at Sierra Boat Company in Carnelian Bay. Featuring vintage wooden boats from a bygone era, this event is a veritable museum of maritime vessels.
http://www.laketahoeconcours.com/
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Ehrman Mansion at Sugar Pine Point State Park
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The Lake Tahoe Summer Music Festival is back with several concerts around the north shore, including Sugar Pine Point State Park, Tahoe Tree Company, The West Shore Café and a private residence. For more information, go to their website:
http://tahoemusic.org/
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In nearby Reno, don’t forget ‘Artown’ (July- celebrating the local art scene) and ‘Hot August Nights’ (vintage cars, poodle skirts and that old time rock and roll…), along with top name entertainment from the likes of the Steve Miller Band, Steely Dan and Rascal Flatts to name but a few.
http://www.visitrenotahoe.com/reno-tahoe/what-to-do/events/concerts
ARTOWN
http://www.renoisartown.com/
HOT AUGUST NIGHTS
http://hotaugustnights.smugmug.com/
Share this: Lynn Richardson, Your Friend in High Places
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