Here are the sales stats for December 2011 – March 28, 2012 December 2011 Total Sold 61 Short Sales 14 REOs 19 January 40 ... [Read More]
Here are the sales stats for December 2011 – March 28, 2012
December 2011 Total Sold 61 Short Sales 14 REOs 19
January 40 8 20
February 33 7 15
March 41 7 10
The current inventory of available single family homes in the City and County areas sits at 219. It has been many years since we’ve seen inventory that low. I mentioned in a previous blog that, as the inventory and interest rates remain low, the prices continue to fall, however slowly, and those facts defy the principal of supply and demand. I have personally been in multiple offer situations over the past weeks while representing sellers and buyers which tells me that the consumer confidence is beginning to rise. The wild card in this mix is the inventory of upcoming bank owned properties and short sale homes. The market is good for sellers who want to sell and buyers who want to buy. We are not at the bottom of this market yet, we are close enough that if you are looking for Tahoe home and plan to keep it over the long haul, get in the mix and buy something.
After a long dry Autumn, we have snow. It was a great thing to see it snowing right on the heals of a devastating mid-January wildfire in Reno that two of my sons were fighting. Although the economy would have been better with snow before now, it was a banner year for ice skating ... [Read More]
After a long dry Autumn, we have snow. It was a great thing to see it snowing right on the heals of a devastating mid-January wildfire in Reno that two of my sons were fighting.
Although the economy would have been better with snow before now, it was a banner year for ice skating as the photo of Lower Echo Lake testifies (I took the other photo on the trails behind our house today). I did enjoy the lack of snow by hiking and mountain biking as skiing on ribbons of man made snow began to feel a bit confining. Hope you can come up and enjoy Winter in Tahoe at your favorite snow sport area very soon.
Image via Wikipedia The numbers for November continue to amaze me. With closed sales down from the previous month at 46 and a remaining inventory of 255, that makes the absorption rate 5.54 months for single family homes in the City and County areas. The really amazing factor is the continuing decline in prices. Even with low inventory, low ... [Read More]
Image via Wikipedia
The numbers for November continue to amaze me. With closed sales down from the previous month at 46 and a remaining inventory of 255, that makes the absorption rate 5.54 months for single family homes in the City and County areas. The really amazing factor is the continuing decline in prices. Even with low inventory, low interest rates there is still a lack of consumer confidence. I say again, if you are thinking of investing in Tahoe Real Estate, this is the time to buy.
Image by RenoTahoe via Flickr On mostly man made snow Heavenly Valley Ski Area is scheduled to be open this week, November 18. Their hours and terrain are sure to be limited, but they will be open nonetheless. Sierra-at-Tahoe is waiting for natural snow to open their resort and Kirkwood, which has 35-39 inches, has no opening date ... [Read More]
Image by RenoTahoe via Flickr
On mostly man made snow Heavenly Valley Ski Area is scheduled to be open this week, November 18. Their hours and terrain are sure to be limited, but they will be open nonetheless. Sierra-at-Tahoe is waiting for natural snow to open their resort and Kirkwood, which has 35-39 inches, has no opening date scheduled. Here comes another winter, I wonder if it will be unending, bottomless powder skiing like last year. I’ll let you know in the Spring.
Image by Getty Images via @daylife The listing inventory of single family homes is 291 (City and County areas). That means if escrows keep closing at 60 per month like the last 30 day period, we will be out of listings in less than five months if no new listings come on the ... [Read More]
Image by Getty Images via @daylife
The listing inventory of single family homes is 291 (City and County areas). That means if escrows keep closing at 60 per month like the last 30 day period, we will be out of listings in less than five months if no new listings come on the market. An absorption rate like that takes me back to the market of 2004. The difference now is that prices are on the way down. If you were ever considering a purchase in Tahoe, it is a great time to buy.
