Archive for the ‘The Village at Northstar’ Category
Lake Tahoe / Truckee Home Sales are Up!
LAKE TAHOE & TRUCKEE HOMES SALES ARE UP IN 1ST QUARTER OF 2010
Single Family home sales are up over 50% in the first quarter of 2010 compared to that of the same time last year. In our Tahoe MLS from January – March 2010 we had a total of 198 SF sales compared to 103 sales in the same period in 2009. A majority of the sales in 2010 were based on Short Sale and Bank Owned property.
The median price down in 2010 by almost 30% (contributed to the distressed properties) at a value of just over $500,000. Tahoe home values are what they were in the early 2000s.
Our high-end homes (values over $1,000,000) are still struggling but seem to doing better than last year, up almost 70%.
We are still seeing some great opportunities and will for awhile. So if you have been considering that vacation property in Tahoe, it is a great time to start looking. If you have any questions regarding our real estate market or just what more information about the Lake Tahoe area. Give me a call anytime (530) 448-9830 or go to my new TAHOE BLOG at www.TahoeTruckeeProperty.com.
Happy House Hunting