Market Trends Category
Most areas of the real estate market are starting to improve and sales in the Tahoe Keys neighborhood is no exception. Demand has increased significantly, in fact Tahoe Keys sales volume in 2012 has increased 42% over the first eleven months of 2011. Whereas, the number of transactions has increased by 23%. The average home in the Tahoe Keys in 2012 has sold for $724,402 compared to $628,765 for the first eleven months of 2011. That’s an increase of over 15% in...Continue Reading!
USA Today just reported that rates have dropped to the lowest level since long-term rates began in the 1950's... http://www.usatoday.com/money/economy/housing/story/2012-05-03/mortgage-rates-new-record-lows/54720362/1?csp=34money&utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+UsatodaycomMoney-TopStories+%28Money+-+Top+Stories%29&utm_content=My+Yahoo The median priced home in South Lake Tahoe has also dropped to a level not seen since 2001. At the end of March 2012, prices had dropped just over 50% from the height of the market (spring 2006).Continue Reading!