Lake Tahoe Real Estate and Truckee Real Estate is Trending Up

Whereas even a year ago, the speculations about Lake Tahoe real estate and Truckee real estate market turning around were just speculations, this time the Lake Tahoe MLS numbers are on our side!

The lowest Lake Tahoe real estate and Truckee real state inventory in 4 years, as well as diminishing Lake Tahoe foreclosures and short sale inventory has finally created buyer competition in the Lake Tahoe real estate and Truckee real estate. Nearly every Lake Tahoe foreclosure has multiple cash offers, which will eventually drive the prices up. We have seen nearly every Lake Tahoe foreclosure lately sell for over the asking price.

The regular Lake Tahoe real estate and Truckee real estate lack of inventory is making it so that shelf days are lower for nearly all listings sold.

Throughout the last few years many of my clients were waiting for Lake Tahoe real estate and Truckee real estate to bottom out, and I am happy to report that the moment has finally come; however, the competition from cash  investors, foreign and local alike, is fierce. There is still time to purchase Lake Tahoe real estate or Truckee real estate at rock bottom prices, but buyers may have to compromise, and have to act fast!

Call Olja Mihic, Your Lake Tahoe Realtor for latest Lake Tahoe MLS listings!