What a fabulous start to 2012! Let’s look back on the Lake Tahoe market results from 2011.
Lake Tahoe area prices continued to soften in 2011. Recognizing the very specific and different communities around the lake, price adjustments varied significantly.
North Lake Tahoe, specifically Tahoe City, pricing softened significantly with an average price decline of 11% and median price decline of 16%. Overall sales volume was 21% less in 2011 as compared to 2010. However, the Tahoe City area market experienced a 7% increase in homes sold that were under $1MM (a whopping 223!) and a 26% decline in units sold over $1MM (31 homes). Click here to see 2011 statistics for Lake Tahoe real estate sales.
Amazingly low interest rates, along with a wide and wonderful property inventory, makes it a great time to purchase real estate in the Lake Tahoe area. Please feel free to reach out anytime and let’s have a conversation!
Contact Alison Elder at 530.582.8103 or email info@eldergrouptahoe.com for more information on Lake Tahoe real estate.
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