Lower Priced South Lake Tahoe Homes Selling Quickly
March 29, 2009
The bargain hunters have jumped off the fence and are buying up the lower priced homes in South Lake Tahoe. I’ve seen a flurry of homes in the high 200′s and low 300′s go pending this past month. Most of these homes are the bank owned and short sales but not all. If you have been waiting for the bottom of the market to invest in a vacation home in South Lake Tahoe you are running out of time. Not just the lower priced homes are starting to get absorbed but well priced homes in all price ranges are starting to get purchased. We are seeing the larger newer homes that that have stagnated during the down cycle get gobbled up when price reductions reach the $225.00 per sq. ft. range. That seems to be the magic number if you want to sell your home quickly.
Contact Chuck Stanley, (530) 318-8830 or email chuckstanley@sbcglobal.net.
South Lake Tahoe Market Up-Date
February 19, 2009
South Lake Tahoe Homes Market Up-Date-Evidence that the buying activity is increasing, five offers were submitted on one property this past weekend. The property was located off North Upper Truckee and yes it was priced to sale and yes it had a great setting, but 5 offers shows a very active market. House was dated and covered with snow but still attracted a lot of investors. Lots of low end vacation homes are available in South Lake Tahoe. I finally feel confident in saying that the absorption phase of the market will be in full gear this spring and summer. Now is the time to buy property in South Lake Tahoe. There is a Ski Run condo on the market for $229,000-wow, great price and in good condition. You can now buy Ski Run condos for the price of the Wildwood condos down the hill off Pioneer Trail.
Contact Chuck Stanley, (530) 318-8830 or email chuckstanley@sbcglobal.net.