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Lake Tahoe Property - An Investor's Gem

You might understand that South Lake Tahoe became one of the country's most favored resort destinations. But have you considered it a good investment opportunity? During a difficult market, South Lake Tahoe reigns as one of California's top-advised owning a home areas.

In Lake Tahoe's vibrant real estate market, inventory is roughly twice that relating to 2005. Median home values are slightly lower and sellers are negotiating inside your. It's a buyer's market!

Adding to 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, may be the enthusiasm following Vail's purchase of Truckee Real Estate. It's almost without doubt today's lower values is not going to last for very long.

These reasons are why Lake Tahoe property is primed for investors.

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

2) Affordable Prices. Affordability is South Lake Tahoe's charm. When compared with other international resort areas, South Lake Tahoe's median home cost of $463,000 is really a fraction of those found in 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 to California's median home tariff of $586,030, South Lake Tahoe's property values are absolute bargains-with the stream, mountains, blue sky and pristine seasons as bonuses.

3) Buyer's Market = Negotiation Leverage. Supply, demand, and consumer confidence have played a tremendous role in buyer negotiating strength. As they are common in the South Lake Tahoe housing market, when summer sets out to wane, sellers be anxious to trade. The bottom line is, they would like to close escrow before the first snowfall. Provided that inventory increased (more houses for sale), there's more room for buyers to negotiate the sales price and other accommodations. As an example of such a leverage, during 2005, the common home sold for about 98.5% in the market price. Today, the common residence is selling for 95.8% from the original shop price.

4) Expansive Redevelopment. Following many years of planning, dreaming and hoping, step 2 of South Lake Tahoe's redevelopment phase is underway. Rundown motels, shops as well as other structures have been demolished to generate opportinity for future developments. Examples of future developments include a 71,000 square foot convention center and two hotel-condominiums featuring boutique shops, entertainment and proximity to just about all of that the South Lake Tahoe Stateline area. Developers are anticipating this project to herald approximately 180,000 visitors 12 months.

The Time Is Right to purchase South Lake Tahoe Realty

South Lake Tahoe's real-estate values have generally escaped the dramatic declines which may have so adversely impacted various aspects of the state of hawaii through the years. According to Leslie Appleton-Young, chief economist for that California Association of Realtors�, "With credit drying up in recent weeks, we expect further weakness in sales within the next few months". She continued with the help of that this sales declines is going to be driven by both tighter underwriting standards as a result of sub-prime mortgage crises along with the adverse psychological impact of news and information regarding increases in foreclosures and mortgage defaults.

As well, a door appears to have been opened in South Lake Tahoe. Based on a newly released article in Inman News, 1 in 5 economists surveyed predicted a "meaningful" recovery in U.S. housing markets prior to the second half of 2008. About 38 percent expected a recovery in the better half of 2008, while 42 percent said housing markets won't change until 2009 or later. Our recommendation is to take advantage of the opportunities that will be presented from the coming months.

For us personally in addition to professionally, we have found that owning Lake Tahoe property can be a a lot more enjoyable method by which to look at your savings grow in comparison to other options. When given the choice of located on a lake beach and swishing down world-class ski slopes vs. taking out our hair out watching stock market trading, our options are clear.