Search:

Would you like to contribute to this site? Lake Tahoe Menu Submit an Article Submit a Tip Place your Ad Add URL Lake Tahoe Questions? Contact Us  About Lake Tahoe   Ski Lake Tahoe   Lake Tahoe Ski Packages   Lake Tahoe Ski Resorts   Lake Tahoe Lodging   Lake Tahoe Vacation Rentals   Lake Tahoe Hotels   Lake Tahoe Resorts   Lake Tahoe Cabins   Lake Tahoe Condos   North Lake Tahoe   Lake Tahoe California   Squaw Valley   Incline Village   Incline Village Lodging   Alpine Meadows   Northstar Skiing   Kings Beach   South Lake Tahoe   Lake Tahoe Nevada   Lake Tahoe Casinos   South Lake Tahoe Hotels   Heavenly Valley   Heavenly Valley Skiing   Lake Tahoe Events   Lake Tahoe Weddings   Lake Tahoe Real Estate   Lake Tahoe Properties   Map Of Lake Tahoe   Things To Do In Lake Tahoe   Lake Tahoe Weather   Truckee

Return To Lake Tahoe Article Archive   Lake Tahoe Real Estate By John Eppolito The Tahoe real estate market has started to pick up. I track the "months supply of inventory" (MSI). On the last day of the month I divide the number of properties for sale by the number of properties in escrow, and I come up with the MSI. I have been tracking the MSI since May 2008. Through the end of August, we are at our lowest MSI since at least May 2008 in all four categories - NV homes, NV condos and PUDs, CA homes, and CA condos. We are between 6.7 - 12.1 MSI. In all four categories we are way less than half our local average MSI over the last 16 months. In addition, in all four categories we are well below half the national average MSI. We still have a lot of inventory, but we have more escrows going in all four categories than we have since May 2008. In three out of the four categories we have more than twice as many properties in escrow as we have averaged in escrow since May 2008. It is still a buyers market and prices are still back at about 2003 - 2004 levels in Tahoe. We have distressed properties in all four categories, most are in the lower price range. The national media says we will continue to have foreclosed properties for a while. Looking at our local pre-foreclosure list we will continue to have distressed properties here in Tahoe at least through mid 2010, and probably longer. The difference is - now people are starting to buy the distressed properties here in Tahoe. The Tahoe real estate market has started to improve. I continue to think that, SMART BUYERS ARE BUYING NOW! john@Jtahoe.com www.Jtahoe.com Lake Tahoe Condos For Sale

Get your Lake Tahoe questions answered... Subscribe to our Lake Tahoe Newsletter FREE! Your First Name: Your Email Address: Enter above security code

Home  |   Lake Tahoe Blog  |   Ask the Lake Tahoe Expert  |   Lake Tahoe Archive  |   Lake Tahoe RSS Feeds  |   Advertise  |   Sitemap