homes for sale in Lake Tahoe
South Lake Tahoe Homes Sales and Median Prices Continue to Rise in July
Submitted by Anonymous on Mon, 08/05/2013 - 3:04pm
We are still seeing a lot of action in the South Lake Tahoe real estate market! The July, 2013 figures were just released and they continue to show that interest in buying a home in Lake Tahoe is still growing. During the last year we saw home buyers flock to Lake Tahoe for a few reasons: low interest rates and an increased interest to buy something before they felt it was too late. When we saw more home listings enter the market this summer we saw the sales frenzy subside a bit.
Lake Tahoe Real Estate Market Review for April
Submitted by Editor on Sat, 05/11/2013 - 11:09pmMedian 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.
Pending home sales through the roof
Submitted by Editor on Wed, 05/01/2013 - 9:49amThere was a story in this week's USA Today that caught my interest and made me research facts here in Lake Tahoe. The article said that the number of signed contracts to buy homes in the U.S. rose in March to the highest level in 3 years.
Lake Tahoe closed sales
115 homes are currently in escrow on the California side of Lake Tahoe and 37 homes are in this status on the Nevada side. The Lake Tahoe California figures are 10% higher than last year at this time and the Lake Tahoe Nevada figures are up 60%!
What price range of homes for sale in Lake Tahoe has the largest inventory?
Submitted by Editor on Fri, 03/29/2013 - 10:53am
When looking at the entire state of California the average price of a home for sale is $307,600. In Nevada you have a huge spectrum of home values due to the diversity of cities, therefore the average sales price is only $145,400.
Tough Lake Tahoe Real Estate Market For Buyers
Submitted by Editor on Wed, 03/27/2013 - 1:14pmThe current Lake Tahoe real estate market is a tough one for buyers because it has turned into a big seller's market for homes priced under $500,000. Homes are selling so quickly that the moment a buyer sees a home they are interested in it's already in escrow.
Six Reasons Housing Inventory is declining
Submitted by Editor on Mon, 03/25/2013 - 3:56pm
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 than 10 million home owners are in this position in the US.
Lake Tahoe Real Estate Buyer's Market turns Seller's Market
Submitted by Editor on Fri, 03/08/2013 - 5:56pm
I'm watching our Lake Tahoe Buyer's market turn to a Seller's market as I write this blog. The recent actions of Lake Tahoe home owners indicates to me that we are at beginning of a seller's market. In the last 30 days, 12 California homeowners withdrew their Lake Tahoe homes for sale off the market. On the Nevada side of Lake Tahoe, 4 homeowners pulled their homes off the market during the same period.
Median Price Going Up
Lake Tahoe Real Estate News for February
Submitted by Anonymous on Tue, 02/19/2013 - 12:59pm
We have had a strong start to 2013 in Lake Tahoe. Homes continue to sell at a strong pace and now the median price is starting to rise. With a continually reducing inventory of homes on the market and the interest rates still at an all time low, I believe we'll continue to see strong sales.
Lake Tahoe Real Estate Figures for September 2012
Submitted by Anonymous on Mon, 10/01/2012 - 11:38pm
In Lake Tahoe real estate, each month brings better news than the month before. When comparing September to the month and year before there were more closed sales, fewer homes on the market, fewer new listings, and a new category - increasing median sales price!
Lake Tahoe Home Sales: Is it a Buyer's Market or a Seller's Market?
Submitted by Anonymous on Wed, 09/19/2012 - 10:43pmThe median home prices of California homes sold reached a 4-year high in August according to the California Association of Realtors. In their August sales report released this week, CAR reports that home sales fell off slightly for the month but are maintaining a strong pace with 5 straight months of year over year sales gains. They also reported that inventory of homes for sale continues to be an issue with inventory at a 6 year low. You will notice similar trends in Lake Tahoe as I explain in more detail below.
Closed sales of South Lake Tahoe homes continue to rise in August
Submitted by Anonymous on Thu, 09/06/2012 - 12:10pm
The August real estate figures are in for South Lake Tahoe and there are no surprises. We continue to see increased sales, decreased new listings and decreased number of homes on the market. The only thing that really isn't following the expected pattern is the median home price of homes sold in the area.
Increased Sales of Tahoe Homes
South Lake Tahoe Real Estate Figures for June 2012
Submitted by Anonymous on Mon, 07/09/2012 - 12:25pm
It appears that the recovery trend of real estate in South Lake Tahoe is continuing, based on figures just in for the month of June. Closed home sales saw a dramatic increase, both over last year's sales figures as well as those from last month. In June of 2012 there were 81 closes home sales, the highest figure in over 6 years. If you break apart the figures and look at sales in the different price ranges, the homes which sold at $300,000 or less saw a 54 percent gain in sales over last year.
