The sky didn’t fall but it certainly had an altitude change! After experiencing an amazing up-turn in the market in the 1st half of the decade we got a heavy dose of reality in the form of pricing declines in the 2nd half. I’m cautiously optimistic
to report that the industry leaders at CAR and NAR are predicting that during the next year we will experience modest increases in median home price with continued increases in home sales as well. In the forecast for the Lake Tahoe South Shore: Stabilization & slight increases of median home prices; steady increase in home sales; and improving consumer confidence will be felt in response to the news that the “bottom of the market” is behind us.
For the same reason that Lake Tahoe and resort and 2nd home real estate has enjoyed the spotlight historically, we expect a “new normal” market to appear this 2013. The following bullet points are fueling stabilizing values and driving the infusion of qualified home buyers, investors & vacation lifestyle buyers:
*Value Pricing coupled with low interest rates
*Diversification of portfolio to tangible investment
*Quality of life and life style desires
*Attractive Investment property opportunitywith ROI
*Revitalized Resort Community with 4 seasons to enjoy
Whether buying or selling, your timing may be perfect as the market has compelling offerings!
As we enter 2013, Deb Howard & Co, is recomitted to providing stellar customer service and up to date relevant real estate analysis enabling us to navagate the ever changing markets on your behalf. Our passionate team of specialists possesses cutting edge market knowledge and tools that deliver results that are “above and beyond”.
Thank you again for the opportunity to work with you and we wish you and yours a wonderful New Year filled with health, happiness and goodwill. Be looking for our client appreciation invites and updates!