What’s the current condition of the Lake Tahoe real estate market? This question is asked of real estate agents every day. Here’s the short answer: if you’re looking to buy there are some outstanding values in the market right now. Smart sellers and their agents are pricing their properties correctly and there are some very special properties for sale. By special I mean homes with views, large lots, and in great neighborhoods.
Take a look at these very revealing Lake Tahoe real estate numbers:
· 2010 YTD sales : 239 vs. 165 same time frame in 2009
· 2010 number of houses for sale: 449 vs. 474 in 2009, 600 for sale in 2006
If you’re selling your property now in the Lake Tahoe area, many people are seeing the current market as a window of opportunity to buy real estate in one of the most beautiful places in the world. So people are definitely buying. Again, if your property is priced correctly, it will sell and you’ll most likely get near or maybe even above what you’re asking for it.
The mistake many people make when pricing their property for sale is that they price it way above what the current market will bear and in today’s world, with very educated buyers and all the tools available to them, this strategy just doesn’t work. In fact, houses that are over-priced tend to sit on the market much longer and actually sell for less than if it was priced correctly from the beginning.
Since there are fewer properties on the market right now than usual, it does take a little more digging and patience to find the home you’re looking for in Lake Tahoe. The keys to finding your jewel in the pines is to plan and decide what you’re looking for, research, and to ultimately take action.
Focused on happy families, not just real estate. I’ll help you find your jewel in the pines.
Wally Johnson
CA Buyers Specialist
CA License # 01848595
Deb Howard & CO
530-277-5687 Cell
530-542-2912 Office
530-542-8657 Fax
laketahoebasinhomes.com