First quarter homes sales at Lake Tahoe show an improved market compared to last year’s numbers for the same periods, according to a quarterly report released by Lake Tahoe-based real estate firm Chase International. One noticeable and positive statistic was an impressive 15 percent increase in units sold around the lake, with the lower end of the market jumping 18 percent.
“The inventory in the lower segment of the market is disappearing around the lake,” said Susan Lowe, corporate vice president for Chase International. “Even though the average and median price has gone down from the first quarter last year (which saw many lakefront sales during that 2011 period and which we have not seen this year), the market is showing signs of recovery because the supply is vanishing.
The Chase International 2012 first quarter report also shows dips around the lake overall in regard to sales prices from one year ago, which is reflected by the median price of a home in Lake Tahoe, which is now $317,000 and the average home price which is $623,645, down 25 percent and 31 percent respectively.
Truckee is showing signs of recovery overall but especially for real estate sales over the $1 million mark. Specifically, the Truckee market stats report a whopping 175-percent increase in units sold over $1 million from four sales at this time this year, to a notable 11 sales this year.
The condominium market around Lake Tahoe experienced declines for all segments of the Tahoe market. The number of total condo units sold was down 18 percent. Average prices are down 35 percent and the median price is down 7 percent.
Headquartered in Lake Tahoe, Nevada since 1986, with eight offices in the region (Zephyr Cove, Glenbrook, Incline Village, Tahoe City, Squaw Valley, Truckee, South Lake Tahoe, and Reno) and one in London, England. Chase International and its exclusive affiliations handle a large share of the country’s property. A recognized leader in the world of real estate, Chase International continues to grow. With 240 professional Realtors boasting an array of industry certifications and the highest volume sales agent in the area, Chase International successfully represents homes at all price levels. For more information about Chase International visit www.chaseinternational.com or call 800-470-8863.
Local News and Events: Stay tuned for weekly local news and events updates for Truckee, Tahoe, and the surrounding area:
Tahoe City Farmer’s Market: Thursdays, 8AM to 1PM between May 24th – June 21st and August 23rd – September 27th at Commons Beach. June 28th– August 16th location TBD. No entry fee!
Concerts at Commons Beach: Sundays, 4PM-7PM, between June 24th – September 9th. No entry fee but donations requested. Where: Commons Beach.
Movies on the Beach: Wednesdays, Dusk, between June 27th – August 29th. No enrty fee but donations requested. Where: Commons Beach.
Summer Music Series: Live music at the Truckee River Regional Amphitheater, every Wednesday June 6 through August 22.
Truckee Thursdays in downtown Truckee. Every Thursday, June 6 through August 23. Live music, arts and crafts vendors, and live music. Visit www.historictruckee.com for more information.
(April – May 5th) – Summer sign up! Camp Skylandia, Swimming Lessons, and Sailing!
Every Saturday! 8AM-9:30AM for residents, 9:30-10 for non-residents.
Don’t miss the Annual Registration Day for Camp Skylandia, Swim Lessons, and Sailing. Registration will be taken for other camps and programs as well. Proof of residency required. Unable to attend? Contact the Rideout Community Center for a registration form.
(Ongoing) – Lyrical Jazz & Hip Hop Dance Class! Mondays & Thursdays 5PM-6PM for youth, 6PM-7:30PM for adults. $15 for residents. $18 for non-residents. Where: Rideout Community Center. For more information call Rideout Community Center: (530) 583-3440, ex. 10
(Ongoing, All levels) – Yoga Blend! Tuesdays, 5PM-6:30PM. $12/class for non-resident. $10/class for residents. Where: Rideout Community Center. For more information call Rideout Community Center: (530) 583-3440, ex. 10
That’s all for now! Stay tuned for more events and news!
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