Today there are 113 unsold single family properties in the South Lake Tahoe MLS in the City County areas. 37 homes closed escrow within the past 30 days. That means, if no other homes come on the market, we will be out of inventory within the next 101 days at that close rate. If you are a seller, this ... [Read More]
Today there are 113 unsold single family properties in the South Lake Tahoe MLS in the City County areas. 37 homes closed escrow within the past 30 days. That means, if no other homes come on the market, we will be out of inventory within the next 101 days at that close rate. If you are a seller, this is good news for you. If you are a buyer, hang tough, it won’t always be like this and please be patient with the situation, the right house will come along in time.
I was at an advanced marketing class this week in Reno with Realtors from all over the country and, to some degree, they are all in the same boat with decreasing supply and increasing demand.
South Lake Tahoe, California – USA (Photo credit: AntoMinniti)
I was just driving back from Meyers on Highway 50 and saw the Clean Tahoe truck parked on the side of the road. Half a mile later I saw Lou Graves in his cowboy hat diligently picking up the roadside trash. Did you know that excellent program costs property owners less than $8 per year? ... [Read More]
I was just driving back from Meyers on Highway 50 and saw the Clean Tahoe truck parked on the side of the road. Half a mile later I saw Lou Graves in his cowboy hat diligently picking up the roadside trash. Did you know that excellent program costs property owners less than $8 per year? Yup, it’s only $7.80. I don’t know about you, but I think that is a superior value. Clean Tahoe is a program that picks up trash in both the City and County areas of South Lake Tahoe. I have seen them going down the road with their truck entirely full of trash, couches, barbecues, mattresses and who knows what else. Thank you Clean Tahoe Program I really appreciate what you do for our community!.
I am so happy to report that Realty World – Lake Tahoe has grown by three new sales associates. We are proud to welcome Andria Peldszus, Jim Mathews and John Galea. All three of our friends have lived in South Lake Tahoe for an accumulated total of over eighty years. When that number of years ... [Read More]
I am so happy to report that Realty World – Lake Tahoe has grown by three new sales associates. We are proud to welcome Andria Peldszus, Jim Mathews and John Galea. All three of our friends have lived in South Lake Tahoe for an accumulated total of over eighty years. When that number of years in Tahoe is combined with the Mike, Trish and Joel’s many years, I feel it is safe to say that we are well versed in all things Tahoe. Please drop by and welcome our dynamic new comers and let us know if any one of us can help you with your Real Estate questions.
Nevada – South Lake Tahoe, California – NARA – 543601 (Photo credit: Wikipedia) As I monitor the inventory and the sales stats for our little town, the decreasing levels in inventory of single family homes make things very difficult for buyers. Here are the numbers: Active Listings: 115 Today – Single Family Residences, City County Sold ... [Read More]
Nevada – South Lake Tahoe, California – NARA – 543601 (Photo credit: Wikipedia)
As I monitor the inventory and the sales stats for our little town, the decreasing levels in inventory of single family homes make things very difficult for buyers. Here are the numbers:
Active Listings: 115 Today – Single Family Residences, City County
Sold Listings: 23 (Sold between Jan 1 and today), of that number 2 are REO and 2 are Short Sales.
Pending Listings: 73, of that number 12 are REO and 20 are Short Sales.
To save you the effort of looking back through my archives of blog posts, in November 2011 the inventory was 291, in December 2012, yes that’s last December, the inventory was 150. I have been helping people buy and sell real estate in South Lake Tahoe for 25 years and the inventory has hovered at an average of 300-350 single family homes. There is speculation that banks are holding back the large inventory of homes that have been foreclosed on while the low inventory and low interest rates help the price to rebound a bit. Speaking for myself, I wish they would let a few more dribble onto the market.
Boxing ring (Photo credit: Wikipedia) The number of available single family homes within the City and County areas of our MLS has been hovering around 150. That number is very low considering we generally run about 350. Today the number of active listings are even lower at 134.The number of closed sales within the past 30 days is 50. Out ... [Read More]
Boxing ring (Photo credit: Wikipedia)
The number of available single family homes within the City and County areas of our MLS has been hovering around 150. That number is very low considering we generally run about 350. Today the number of active listings are even lower at 134.The number of closed sales within the past 30 days is 50. Out of that number only 4 (8%) were short sales and 11 (22%) were bank owned(REO), leaving the balance of 35 (70%) as “regular sales”. Last December REO sales made up 31% while short sales comprised 22.9% of the total number of single family homes sold.
Until we see an increase in the number of available properties, or a decrease in the number of buyers, things will stay busy and prices will be pushed in the upward direction. I am currently in a multiple offer situation with a local family attempting to take advantage of the low interest rates on their first home purchase. Unfortunately they will probably not get this one because first time home buyers are routinely getting bested by all cash, investor buyers. I’ll keep fighting for them in this boxing ring called The Tahoe Real Estate Market though.
