Recently RealtyTrac ranked the best ski resort towns for investing in real estate and Truckee was ranked second overall! Truckee/Tahoe is a destination location for many should consider buying real estate in their favorite mountain resort town so they have a place to stay each year without racking up mammoth hotel fees on top of the cost of airline tickets. Plus the property can be rented out as a weekly, monthly or seasonal vacation rental, sometimes bringing in enough cash flow to cover the cost of ownership. In ski resort towns with a solid economy, buying non-vacation rentals may even be a good play for real estate investors even if they aren’t into skiing or snowboarding.
RealtyTrac started with ski resorts that were in towns with a population of at least 2,500 and that ranked in the top 50 of the 182 ski resorts for “Pure Awesomeness Factor”. They then ranked these 19 ski towns by nine different factors: PAF ranking, distance from closest airport, unemployment rate, median list price of a residential property, foreclosure inventory percent of all housing units, rental vacancy rate, gross yield on a rental property, 2013 foreclosure rate, and percent change in foreclosure rate from 2010.
Truckee/Tahoe excels in most of these factors, we are very close to two major airports, Reno and Sacramento and a short drive from the Bay area. This makes Truckee/Tahoe a reality destination for many weekenders or a holiday tradition. Being a year round destination location, vacation or ski rentals are in high demand makes owning a property as an investment a very shrewd decision. Boasting an annual average snowfall of 450 inches and the California sunshine Truckee/Tahoe has something for every outdoor enthusiast to enjoy.
Image courtesy of Squaw Valley February 10th 2014. Looking great out there!
People are catching on to why we chose to call this place home. With over five feet of new snow this past week and more forecasted, we are enjoying the best conditions of the year. Keep “Thinking Snow”, its working! When you finish up from a day on the slopes, stop by and say “hello” to Alison Elder, Elder Group Tahoe Real Estate, proudly affiliated with Chase International. The real estate market has some opportunities available now! Selling over $100,000,000 in the Truckee/Tahoe area since 2009 and ~$40,000,000 in 2013, Alison knows the Truckee-Tahoe market!
Contact Alison Elder at info@eldergrouptahoe.com or by phone, 530.582.8103. Visit our site for Truckee-Tahoe properties for sale at www.ElderGroupTahoeRealEstate.com. We’d love to hear from you!
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