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Lake Tahoe Real Estate Short Sales and Foreclosures Slowing

This decade has been full of ups and downs in the Lake Tahoe real estate market.  Around 2008, we saw short sales and foreclosures like we never had in North Lake Tahoe real estate.  There were more homes for sale on the market, than there were buyers.  Today, we are dealing with a much different market.  Luckily, the market has come back since it started to drop in 2006 / 2007.  We saw the number of sold short sales and foreclosures start to decline in 2012 and 2013.  The values aren’t back... Read more »

New Homes For Sale in Lake Tahoe

In the past few years, the Lake Tahoe real estate market has seen improving conditions.  Recently, we have seen new construction going on in the Lake Tahoe basin.  Real estate in the Lake Tahoe basin is in high demand, but it isn’t always easy to build in the area.  Development is limited in the Lake Tahoe basin due to struck environmental regulations.  Lake Tahoe is known for its beauty, clear blue waters and a strong effort to ‘Keep Tahoe Blue’.  These regulations are part... Read more »

Buying a Lake Tahoe Rental Property

Buying a rental property in the Lake Tahoe area is great if you want to get a foothold in the area.  If you plan on moving to Lake Tahoe in the future, why not buy now and let your Lake Tahoe home pay itself off in the meantime?  In Lake Tahoe real estate, a reasonably priced Lake Tahoe property has a capitalization rate (the ratio between the net operating income produced by an asset and its market value) of between 7 and 8%.  With a 7 or 8% capitalization rate, the owner can pay for the entire... Read more »

Market Conditions Update

Lake Tahoe Market Conditions Update for June 2013 The market in Lake Tahoe over the past few months has been rip-roaring! After a slow and painful down market rife with distressed sales, upside down property values and homeowners walking away from their homes, we have seen an extreme shift. Property values have increased, seemingly overnight, as well as buyer confidence and interest. We’re seeing multiple offers, over asking… It’s pretty interesting to say the least. Some... Read more »

On the Fence About Selling?

Many homeowners who would have sold during the past 5 years held on to their homes due to the bad market conditions. Are you one of them? Century 21 Tahoe North Realtors agents have professional as well as personal experience with buying and selling real estate in all kinds of markets. Here are my top 5 reasons to sell your Lake Tahoe home this summer. Learn more about selling North Lake Tahoe real estate and general helpful seller information. Find more information about the value of your Lake... Read more »

Top 5 Reasons to Sell this Summer

Top 5 Reasons to Sell this Summer Many people struggle with whether the timing is right to buy or sell real estate in Lake Tahoe. Although the agents at Century 21 Tahoe North Realtors don’t have a crystal ball, there are some indicators that now may be a good time for sellers who have been waiting to sell their Lake Tahoe property. 1) The inventory of Lake Tahoe Homes for sale is low. There is a seasonal market in Lake Tahoe due to the winter and summer vacation traffic so the current inventory... Read more »

New Homes on the Market in North Lake Tahoe

As the real estate market begins to improve we have begun seeing more new homes come on the market. In fact, the number of new home sales this year to date would indicate new home sales will be up for the first time in 3 years. Here is a brief history of the number new home sales for North Lake Tahoe and Truckee per the MLS: 2008=43, 2009=68, 2010=40, 2011=41, 2012=31, 2013=13 YTD. There are currently 29 new homes active in the MLS with another 15 under contract or pending. Of the active new... Read more »

How to Build on Vacant Land in Tahoe Basin Area- LAKE TAHOE

The Lake Tahoe Area is rigorous on the regulations and restrictions to build on land. There are regulations in place to maintain its inherent and indigenous environmental conditions primarily to protect its uncommon environment. In fact, the codes mandate upgrades to existing homes simply for this reason.  Apart from the usual Building Department Permit requirements for new construction, the Lake Tahoe basin has the Tahoe Regional Planning Association (TRPA) that demands certain criteria to be met.... Read more »