Lake Tahoe Real Estate Market news

Lake Tahoe real estate market news

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

“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

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.

Lake Tahoe Real Estate News for February

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.

South Lake Tahoe Homes Listed and Sold last week

The 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.

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