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Lake Tahoe Property - An Investor's Gem

You could possibly are aware that South Lake Tahoe has become one with the country's most favored resort destinations. But have you thought about it as a smart investment opportunity? During a difficult real estate market, South Lake Tahoe reigns among California's top-advised real estate investment opportunities areas.

In Lake Tahoe's vibrant housing market, inventory is approximately twice that of 2005. Median home prices are slightly lower and sellers are negotiating inside your. It's a buyer's market!

Increasing the lure with the area, word is spreading that South Lake Tahoe's next redevelopment phase is underway and gaining national attention. Most significant, though, could be the enthusiasm following Vail's acquiring South Tahoe's Heavenly Mountain Ski Resort. It's almost sure that today's lower values is not going to last long.

The following reasons are why Lake Tahoe real estate is primed for investors.

1) Large Inventory = More Buyer Options. As of August 26, 2007, there were 586 single family residences available with 56 currently in escrow. This inventory is considerably higher than the 366/96 reported in August, 2005 (although slightly lower than the 594/46 reported August 31, 2006).

2) Reasonable prices. Affordability is South Lake Tahoe's charm. In comparison to other international resort areas, South Lake Tahoe's median home price of $463,000 is a fraction of the within Aspen, Colorado ($1,199,700), Vail, Colorado ($791,000) Park City, Utah ($605,000), and our neighbor Tahoe City ($1,001,500.) Likewise, when compared with California's median home cost of $586,030, South Lake Tahoe's property values are absolute bargains-with the lake, mountains, blue sky and pristine seasons as bonuses.

3) Buyer's Market = Negotiation Leverage. Supply, demand, and consumer confidence have played an immense role in buyer negotiating strength. As is also common within the South Lake Tahoe market, when summer sets out to wane, sellers are more anxious to sell. The bottom line is, they want to close escrow prior to the first snowfall. As long as inventory comes to an end (more virginia homes), there's more room for buyers to negotiate the sales price as well as other accommodations. As one example of this type of leverage, during 2005, the normal home sold for 98.5% of the retail price. Today, the average residence is selling for 95.8% in the original market price.

4) Expansive Redevelopment. Following years of planning, dreaming and hoping, the next thing of South Lake Tahoe's redevelopment phase is underway. Rundown motels, shops and other alike structures have been demolished to generate opportinity for future developments. A few examples of future developments include a 71,000 sq . ft . convention center and a couple hotel-condominiums featuring boutique shops, entertainment and proximity to almost all of that the South Lake Tahoe Stateline area. Developers are anticipating this project to herald approximately 180,000 visitors a year.

It's high time to buy South Lake Tahoe Realty

South Lake Tahoe's real estate property values have generally escaped the dramatic declines which have so adversely impacted various parts of the state of hawaii over time. Based on Leslie Appleton-Young, chief economist for the California Association of Realtors, "With credit drying in recent weeks, we expect further weakness in sales within the next few months". She continued by adding that the sales declines will likely be driven by both tighter underwriting standards because of the sub-prime mortgage crises along with the adverse psychological impact of facts and information regarding increases in foreclosures and mortgage defaults.

Simultaneously, a door have been opened in South Lake Tahoe. Based on a current article in Inman News, one in five economists surveyed predicted a "meaningful" recovery in U.S. housing markets prior to second half of 2008. About 38 percent expected a recovery in the other half of 2008, while 42 percent said housing markets won't turnaround until 2009 or later. Our recommendation is always to use the opportunities which will be presented from the coming months.

For all of us personally as well as professionally, we have found that owning Lake Tahoe Real Estate is often a much more enjoyable procedure by which to observe your investments grow in comparison with additional options. When given the collection of on a lake beach and swishing down world-class ski slopes vs. taking out our hair out watching the stock exchange, our options are clear.