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 ... [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 interest rates there ... [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 scheduled. ... [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 market. An absorption ... [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.
Image by Diana Parkhouse via Flickr
PAST THREE MONTHS SALES STATS
360 Active Listings, of those listings 82 are either REO or Short Sale listings comprising 23% of the total. As usual, these calculations are made on sales activity of single family homes in the City – County areas of the South Tahoe Area Realtors MLS data.
135 Sold listings in the ... [Read More]
Image by Diana Parkhouse via Flickr
PAST THREE MONTHS SALES STATS
360 Active Listings, of those listings 82 are either REO or Short Sale listings comprising 23% of the total. As usual, these calculations are made on sales activity of single family homes in the City – County areas of the South Tahoe Area Realtors MLS data.
135 Sold listings in the past three months with distressed properties making up 46% of those homes closed. 41 – 30% REO Listings 21 – 16% Short Sale Listings
Pending listings are made up of 58% of either REO or Short Sales.
An interesting number is the increase in short sale closed escrows. Short sale lenders have improved the process and, if not easier, at least it is possible to close more short sales.
