Price increase continues for 5th month in a row

South Lake Tahoe, single family properties increased 8.1% to $389,000 from this same time period last year…however, inventory has not increased from last month and is stagnant with 236 active, single family listings as of 8.19.16, this number is very low compared to other years with 350 active on all of the California side of the South Shore.

Condo prices continue to decrease, as they have for many months…down 3.6%, to $265,000.

My personal observation…lender rules, qualifications, and their process in general can be frustrating, even for the seasoned real estate buyer., so it’s important to work with a real estate professional who can help guide you to a successful conclusion.

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