I haven’t said it until now, but … it appears the bottom of the market is behind us. I say that with some apprehension because I have no crystal ball. However, there’s just too much evidence suggesting a market turnaround in South Lake Tahoe. Here are some quick snippets. There are currently 157 homes in escrow. Twelve months ago there were 84. Demand has clearly increased. There are currently 210 homes actively listed for sale. Twelve months ago there were 300. Supply has clearly decreased. I had clients ask to see property two weekends ago. They sent me a property list on a Wednesday. Of the four properties they could see, three of them were in escrow by Thursday evening. The fourth had an offer on it. Historically, home sales spike during the summer in Tahoe. If homes are selling so ...
Comments
0