July 2019

Found 3 blog entries for July 2019.

Summer Means Music in Tahoe

With Free Concerts almost Every Day of the Week

Concerts at Commons Beach (Sun 4-7 pm) 400 N Lake Blvd, Tahoe City

Bluesdays (Tues 6-8:30 pm) The Village at Squaw Valley

Music in the Park (Wed 6:30-8:30 pm) Truckee Regional Park 1500 Brockway Rd

Truckee Thursdays (Thur 5-8:30 pm) Downtown Truckee closes to cars and opens to live music, local artisans

Music on the Beach (Fri 6-8:30 pm) Kings Beach

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What happens now?

Home sales at Lake Tahoe are down 20 percent over last year at this time. But the median sales price inched up 2 percent, continuing a trend that has sustained upward pricing momentum since 2013, when overall home values began rebounding from recession-era pricing. 

While that might signal that the market is in for a correction, we’ve seen similar numbers at the lake in past years without a drop in value.  The mid-year numbers in 2014, for example, looked a lot like today. Sales were down 18 percent from the year before, but the median sales price was up 3 percent.  Prices might have been expected to cool, but on the contrary, the median sales price shot up 13 percent the following year, and 2016 was a banner year, with home values

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The growing popularity of short-term rentals has sparked a homeowner backlash in the Tahoe region, leading to restrictions in some parts of the Basin and even new home developments in Reno. So far, those restrictions do not seem to have had a dampening effect on the real estate market.

From South Lake Tahoe, which found itself in court after trying to phase out short-term rentals, to Washoe County, which is considering regulations that could affect Incline Village and parts of Reno, public officials are grappling with the same question: Should you be allowed to buy a home or condo and run it like a motel?

Back in the days before “Airbnb” became a verb, that question never really entered the public arena.

Short-term rentals (STRs) have long

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