The new entries to the Lake Tahoe MLS range from a 4 bedroom fixer upper cabin in Meyers listed for $159,000 to a 3 bedroom waterfront home in the Tahoe Keys for $1,299,999. The 7 homes listed this week will bring the total number of homes available for sale on the South Lake Tahoe MLS to 188. This number has been shrinking every week for some time now. There were 201 homes for sale just last week and 212 the week before!
Addresses of Newly Listed South Lake Tahoe Homes for Sale:
Why Purchase a Lake Tahoe home Now?
In my recent blog, I explained that interest in Lake Tahoe real estate is up, sales are up and inventory is down. Since there are so few homes on the market, those that are for sale are seeing lots of interest and activity. Inventory of homes for sale is tight throughout the west and Lake Tahoe is no different. The recent monthly Lake Tahoe real estate figures explain the situation as well.
The October real estate figures have been posted for South Lake Tahoe. There were slightly more new listings placed on the market last month, with 68,which is 7 more than October, 2011 but 13 less than October, 2010. From looking at other recent months, we should see fewer listings, increased sales and a decreased inventory in the next few months.
Lake Tahoe Foreclosures and Short Sales
Buyers interested in the Lake Tahoe real estate market need to look beyond short sales and foreclosures if they’re looking for good value in a home. Since there are so few of distressed sales (just one listed this week) remaining on the market, traditional sale homes are now the popular homes for sale people are looking at.
Last week we did see a few more bank owned homes enter the market than expected but this week’s list has just 2 foreclosed homes. Foreclosures have been down state-wide even though real estate experts were expecting to see a surge in bank owned homes on the market due to the pending California Bill of Rights for homeowners. We’ll watch and see what happens over the next few weeks.
Keep informed about Lake Tahoe real estate
I will be blogging about new homes on the market each week but you can be the first to know about homes for sale in Lake Tahoe the moment they come on the market. Sign up for instant email notification. You can look at all home sales in South Lake Tahoe for the last year. Another way to keep up on what’s happening in South Lake Tahoe real estate is to sign up for my blogs. You’ll get them emailed to you as soon as published. You can also sign up for my informative monthly newsletter.
Request more information on real estate in Lake Tahoe by contacting Dan Spano directly.