Here's the latest stats for the current period as compared with year over year stats.
 
1) We have seen 1 year of "year over year" increases in pending sales and
 
2) we are finally we are seeing the units solds category increase (year over year).
The prices have undeniably declined at approx 20-25% since the peak in May of 2006-
Will they go lower, perhaps some, probable. But we are near or at the bottom of this market cycle as demonstrated by the increases in pending and closed escrows.

3) Inventory has stayed relatively stable, another good sign of recovery as we have no new development to effect the supply and demand ratios. I won't go so far as to thank TRPA for their building restrictions, but at this juncture it is a good dynamic (certainly the environmental consideration is a good thing).
 
I'm hearing from investor/ buyers that they are looking to real estate to diversify their ( diminished albeit) financial portfolio and real estate is becoming once again the preferred vehicle; enjoyment of use, income and deductibility.
 
I would encourage investors and buyers to consider their long term life style investment, family enjoyment and I hope they will consider Lake Tahoe Rea Estate.
 

Best Wishes,

Deb Howard
Deb Howard & Company
Lake Tahoe's Real Estate Resource
866-542-2912 toll free
530-542-8657 fax
deb@realtordeb.com
www.realtordeb.com
3599 Lake Tahoe Blvd. Ste A
South Lake Tahoe, CA 96150