Has the Real Estate Market Leveled Out?
Lake Tahoe real estate statistics show that for Areas 1-10 (total north shore areas), the number of single family sales has been steadily increasing, whereas the median price is still falling, but appears to be beginning to converge. What this means is that there are buyers out there, and from practice, there will be competition on properly priced properties. Advice for buyers is that on some properties there will be multiple offers and within a short amount of time, so be ready. Advice for sellers is to price the property below competition right out of the gate, and not to chase the market.
Market Statistics for Lake Tahoe 2004-2011
Take a look at the detailed Lake Tahoe market statistics from 2004 through 2011, for individual areas, Lake Tahoe condos, and Lake Tahoe luxury homes.
CB Lake Tahoe -Truckee Annual Real Estate Market Statistics 2004-2011
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