lake tahoe real estate market
Lake Tahoe real estate market news
Submitted by paula on Wed, 03/13/2019 - 7:01pm
PREP IT, PRICE IT and GRAB THE MARKET
The appreciation rate for Lake Tahoe real estate has stabilized to a more moderate rate from past years and is currently being driven by limited supply. If you are considering selling your home soon; take advantage of the season by prepping the interior through de-cluttering, cleaning, painting where necessary and look at your floors to be cleaned or replaced. These are some very cost-effective applications which will show your home in the most favorable of conditions. It also budgets your time for the Spring yard work that will lend curb appeal.
Lake Tahoe real estate market news
Submitted by paula on Wed, 02/06/2019 - 11:39pm
“Sales volumes and prices are down”
“Facing another bubble?”
“Millennials aren’t buying”
The headlines are intimidating if not scary. But let’s compare the market data for single-family residences to discover the real story:
South Lake Tahoe & County
....................4th. Quarter ‘17........4th. Quarter ‘18
Active listings..........unavailable.................71
Pending Sales............unavailable.................12
Units Sold...................183....................153
Median sales price.........$449,000...............$455,000
Lake Tahoe real estate market news
Submitted by paula on Fri, 01/04/2019 - 9:16am
Looking at the economic news is enough to give you pause with rising interest rates, stock market volatility and real estate experiencing declining sales numbers and the reduction of appreciation. Our market (Lake Tahoe) will see a small negative impact from interest rates as they affect affordability but the last item, equity growth, will impact our market the greatest. The public is staying in their homes for a longer period historically and supported through the increase in remodeling, appliance and flooring sales.
Chase International shows off luxury Lake Tahoe real estate at London show
Submitted by paula on Tue, 11/22/2016 - 1:10pm
Sue Lowe of Chase International was recently in London to showcase the luxury Lake Tahoe real estate market, just a handful of agencies asked to take part in the show which attracts affluent buyers from throughout Europe, the Middle East and Asia.
Number of homes for sale rising in South Lake Tahoe
Submitted by paula on Sun, 08/02/2015 - 9:13pm
Now that July has drawn to a close, the South Lake Tahoe real estate figures are in.
The number of people deciding to sell their Tahoe homes rose slightly in July, with an increase of 4.6% in new listings, while the total number of homes on the market has risen 8.9% in the past 12 months. Also on the rise is the median sales price. In July, the median price for closed sales was $346,000. In July of 2014, it was $339,000.
Pending sales were also on the rise while closed sales stayed even from last year, though up from May and June.
So, what does this mean?
Closed Sales of Homes Sold in South Lake Tahoe on the Decline
Submitted by paula on Fri, 08/08/2014 - 3:50pm
After the frantic pace of home sales in South Lake Tahoe over the past two years, things are starting to slow down to a more level pace. Home sales in South Lake Tahoe, California dropped 13% in the month of July, mainly due to the fact that there is a lower inventory of homes priced under $300,000. Homes priced between $435,000 and $650,000 actually saw a rise in closed sales, up 20.5%. There was a huge surge in home sales from 670 a year in 2012, to a peak of 790 for the year ending in May of 2013, back to 678 for the past 12 months.
Strong South Lake Tahoe Real Estate Market Continues
Submitted by paula on Sun, 11/10/2013 - 5:18pm
The real estate market in South Lake Tahoe continues to show strong numbers, no matter which set of figures you look at. What was especially high in October was the median price of homes sold.
Median Sales Price Continues to Rise
Median Sales Price of Homes in South Lake Tahoe Rose Again in September
Submitted by paula on Sun, 10/06/2013 - 9:44pm
The median sales price of homes sold in South Lake Tahoe rose for the 14th straight month in September, 2013. Almost all other figures moved in a positive direction as well.
Median Sales Price Continues to Rise
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%!
Is now the time to invest in Lake Tahoe?
Submitted by Editor on Mon, 04/22/2013 - 11:50amNow is a great time to invest in Lake Tahoe, whether it's a vacation rental, long term rental, multi-units/apartments or retail buildings. With the continued low interest rates and property prices still considered low, now is the time to pull the trigger before it's too late. I advise my clients that waiting will not help their situation. The biggest challenge is the lack of homes for sale. The key to to watch for new listings as they get posted to the MLS system.
Lake Tahoe home prices jump in first quarter
Submitted by Editor on Fri, 04/05/2013 - 3:03pmThe Lake Tahoe real estate market is off to a strong start in 2013, experiencing a 34 percent increase in median home price and a 53 percent leap in average price. Sales volume around the lake is up 61 percent, primarily due to a 133 percent jump in homes sold for more than $1 million. The figures were part of a quarterly report released by Lake Tahoe-based real estate company Chase International.
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.
The Figures are in: Find out what happened in Lake Tahoe real estate in February
Submitted by Anonymous on Thu, 03/07/2013 - 1:28pm
Lake Tahoe real estate had seen a steady down trend in home sales over the last few years, and the last 9 months has seen a steady upward climb. In February of 2013 buyers seemed to be on a buying frenzy and sellers were deciding not to sell and hold on for a higher sales price in the future. The big topic of conversation among Lake Tahoe Realtor's is the lack of homes for sale and how sellers are pulling their homes off of the market.
Closed Sales of South Lake Tahoe Homes
South Lake Tahoe Real Estate 2012 Wrap Up
Submitted by Editor on Thu, 01/10/2013 - 5:39pm
We saw a lot of home buyers in Lake Tahoe during 2012, setting the stage for another strong year in real estate.
South Lake Tahoe Homes Listed and Sold last week
Submitted by Anonymous on Mon, 10/08/2012 - 4:43pmThe South Lake Tahoe real estate market continues to see a lot of action. During the week of October 1-8, 13 homes entered the market while 6 left the market since they closed escrow.
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!
South Lake Tahoe Homes Sold Last Week
Submitted by Anonymous on Sat, 09/15/2012 - 10:07pmTwenty homes closed escrow in South Lake Tahoe during the week of September 4-11, 2012. Homes are continuing to sell at a very rapid pace!
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.
Real Estate: Tahoe Keys Neighborhood - Facts and Figures
Submitted by Anonymous on Tue, 07/03/2012 - 7:38am
South Lake Tahoe Real Estate is comprised of homes for sale in some fantastic neighborhoods. The Tahoe Keys is one of those and has long been known as home to upper scale houses with boat docks in the back yard, fantastic views of the lake and a very appealing place to call home. Built in the late 1950s and early 1960s, this 740 acre development at the mouth of the Truckee River was created with lakefront living in mind with its 11 miles of backyard waterways.
Lake Tahoe real estate market starting to stabilize
Submitted by Anonymous on Tue, 01/10/2012 - 5:10amYearend home sales at Lake Tahoe are holding steady compared to 2010 with some indicators on the rise according to a quarterly report released by Lake ...www.laketahoenews.net/.../lake-tahoe-real-esta...
East Shore real estate market outperforms rest of basin
Submitted by Anonymous on Sat, 10/15/2011 - 8:37pmThe East Shore continued to outperform the rest of the Lake Tahoe real estate market, which saw home values fall overall during the third quarter. The median price for a single-family home in Lake Tah...
Lake Tahoe home values slump by 10 percent; East Shore on the positive
Submitted by Editor on Wed, 10/12/2011 - 2:58pmThe East Shore continued to outperform the rest of the Lake Tahoe real estate market, which saw home values fall overall during the third quarter. The median price for a single-family home in Lake Tahoe fell 10 percent to $370,500 from July to September, according to Chase International’s latest housing report.
