It’s not too late to purchase a Lake Tahoe home priced under $400,000, but there aren’t many homes left. Currently, there are 12 homes in this price range for sale on the California side of Lake Tahoe that aren’t already in escrow (as of 7/17/2020).
Condos can make a great alternative for those looking to purchase a property in Tahoe but don’t have a lot of money to spend. There are 11 condos listed under $400,000 currently on the California side of South Shore (as of 7/17/2020).
Below are examples of current homes and condos for sale under $400,000.
South Lake Tahoe, CA Homes
South Lake Tahoe, CA Condos
Why the interest in these lower priced homes?
Many buyers are interested in the homes and condos priced below $400,000 because they are looking to purchase their first home or want a property with income potential. Many buyers are coming to the realization that this might be last time they can afford to purchase a home in Lake Tahoe anytime soon and they don’t mind investing in properties need work or are smaller in size.
Why Purchase a Lake Tahoe home Now?
In our recent blog, we explained that interest in Lake Tahoe real estate is high right now, 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. If you’re interested in buying a home in Lake Tahoe, there is no time like the present to get started on your search.