DEB
HOWARD'S
State of the State of Lake Tahoe Resort Real Estate-
Spring
'09
1) Prices decline!
The Lake Tahoe South Shore California market has experienced
a continued decline in prices since May of 2006. The
decline from the peak is about 18.5 % per the South Tahoe
Assoc of Realtors (STAOR) (end of Feb stats) for sfd
homes. This is paltry compared to the statewide average
of reported price declines of 50% as per the CA Assoc.
of Realtors (C.A.R.) (as of early Mar).
The price declines in the South Shore market place have
lessened to a 8.4% decline this past month as compared
to the previous month and is verging on a lessening of
the decline trend. We look for any bright news. The decline
while not a steep as many other markets, is attributable
to the toxic loans that have generated foreclosure san
short sales, yes even in our resort market trend.
2) Sales Increase!...
3) Time to buy? Pending sales are up dramatically....
Much More |
