It looks like we are seeing some positive trends in the Lake Tahoe real estate market! Below are a couple recent articles written by local newspapers explaining what is going on in the real estate market. Click on links below to read entire articles.
Falling Prices Lure 2nd Home Shoppers to Lake Tahoe Area
Published May 1, 2012 by Hudson Sangree & Phillip Reese at the Sacramento Bee.
Overview: Lake Tahoe real estate prices have in the past been much more expensive and out of reach for many second home buyers. Recent drops in listed home prices are allowing more and more Lake Tahoe home buyers to purchase second homes in the area! Lake Tahoe real estate prices are the best they’ve been in years!
Real Estate: Demand up for Lake Tahoe homes under 500K
Published on April 28, 2012 by Yun Long at the Reno Gazette Journal.
Overview: Lake Tahoe real estate prices are becoming more affordable for the first-time home buyer for the first time since 2001, but it’s unlikely to last long. Multiple offer situations on homes are driving home prices up.