MARKET REPORTS Category
We continue to see increasing home sales in South Lake Tahoe on both sides of the state line. I wrapped up May's sales figures on the California side in a article earlier this week so now it's time to look at just the Lake Tahoe Nevada sales report. Closed Home Sales on the Rise In May of 2013 there were 24 closed sales of homes. This is up from last year when 17 homes sold. It is even more obvious of how...Continue Reading!
Median price of homes sold continues to increase The median sales prices for homes sold in the month of May of 2013 rose 11% from May of 2012 to $272,500. The median price for the last 12 months was $265,000, the same as last month and an 11.8% increase over the previous year. Closed sales rise There were 74 closed sales in May of this year, up 7.2% over May of last year. Over the last 12 months there were 783 closed sales...Continue Reading!
Median price of homes sold continues to increase The median sales prices for homes sold in April of 2013 rose 48% from April of 2012 to $334,500. When analyzing the figures in more detail, you see some interesting things. I have set up four price ranges for South Lake Tahoe Real Estate Sales: 1) homes priced under $299,887, 2) homes priced @299,888 to $434,999, 3) $435,000 to $649,999 and 4) $650,000 and above. The median sales price of homes in the...Continue Reading!
Real Estate in Lake Tahoe continues to amaze me. We have an increasing interest from buyers who want to own a home in Lake Tahoe on both sides of the state line. It would be great if we could find a home for everyone looking, but that's not the case. Our inventory of homes for sale is at an all time low.This has created a market where there are a lot of cash offers and many multiple offers. Those that...Continue Reading!
If you've been following my blogs and articles you'll find the South Lake Tahoe real estate figures for the month of March as expected, but if you haven't been reading you may say "WOW!" Median Price of Lake Tahoe Homes Sold We had seen a big dip in the median sales price in South Lake Tahoe, CA during the last 2 years. The median of homes sold in March was $349,000, exactly $100,000 more than March of 2012! This is also the...Continue Reading!
According to a recent article in the Wall Street Journal there are 6 reasons why there is a declining inventory of homes for sale in the United States. These 6 reasons also apply to Lake Tahoe, on both the California side and Nevada sides of the Lake. Their 6 reasons why housing inventory is declining 1. Many homeowners are underwater (owe more than their home is worth) so they are unlikely to sell until home values rise more than they have already. More...Continue Reading!
The demand to purchase homes for sale in Lake Tahoe seems to be increasing at a furious pace. That is evidenced by another home in Lake Tahoe going into escrow this month. After my clients looked at available homes for sale, this home in Tahoe Island Park neighborhood located at 735 Jeffery Street. was an easy decision. Last year at this time there were 419 homes for sale in South Lake Tahoe. Today, there are just 231. The rapidly reducing inventory,...Continue Reading!
Many home buyers are not experienced in the process of buying a Lake Tahoe home in Lake Tahoe nor are they confident in the procedure. This is where your local real estate agent or broker comes to the rescue! We are continuing to see a lot of interest in Lake Tahoe real estate and with the increasing demand and decreasing inventory, buyers need to know how and when to buy a home. 8 easy steps to purchasing a Lake Tahoe...Continue Reading!
It's not too late to purchase a Lake Tahoe home priced under $200,000, but there aren't many homes left. Currently there are 9 homes in this price range for sale on the California side of Lake Tahoe and 5 homes on the Nevada side that aren't already in escrow. Below you will find Lake Tahoe homes for sale between $100,000 and $200,000. South Lake Tahoe, CA Homes 3709 Larch Avenue, Bijou Neighborhood, $104,900 1160 Tata Lane, Y Area Neighborhood, $139,000 3535 Lake Tahoe Blvd....Continue Reading!
The South Lake Tahoe real estate figures are in for the California side for the month of November and they continue to prove that the desire to purchase real estate is back and it's strong. South Lake Tahoe Home Real Estate Sales Since February of this year the median sales price has been climbing, from a low of $197, 500 to this past month's figure of $300,000. This is a 31% increase from November, 2011 sales. This is the highest figure the...Continue Reading!