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Lake Tahoe Real Estate - An Investor's Gem

You might are aware that South Lake Tahoe has become one with the country's most popular resort destinations. But have you thought about becoming a smart investment opportunity? During a challenging 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 of 2005. Median home are slightly lower and sellers are negotiating more than ever before. It's a buyer's market!

Adding to the lure in the area, word is spreading that South Lake Tahoe's next redevelopment phase is underway and gaining national attention. Most important, though, is the enthusiasm following Vail's acquiring tahoetruckeeluxury. It's almost certain that today's lower values will not likely go far.

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

1) Large Inventory = More Buyer Options. By August 26, 2007, there have been 586 single family residences available for sale with 56 currently in escrow. This inventory is considerably higher than the 366/96 reported in August, 2005 (although slightly less 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 tariff of $463,000 is often 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 tariff 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. Out of the box common within the South Lake Tahoe market, when summer sets out to wane, sellers are more anxious to offer. In a nutshell, they would like to close escrow prior to first snowfall. Provided that inventory is up (more houses for sale), there's more room for buyers to negotiate the sales price and other accommodations. As an example of this type of leverage, during 2005, the typical 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 years of planning, dreaming and hoping, step 2 of South Lake Tahoe's redevelopment phase is underway. Rundown motels, shops and other structures are already demolished to produce means for future developments. A few examples of future developments will include a 71,000 square foot convention center and a couple hotel-condominiums featuring boutique shops, entertainment and proximity to just about everything the South Lake Tahoe Stateline area. Developers are anticipating this project to herald approximately 180,000 visitors 12 months.

The Time Is Right to Invest In South Lake Tahoe Realty

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

At the same time, a door have been opened in South Lake Tahoe. According to a recently available article in Inman News, 1 in 5 economists surveyed predicted a "meaningful" recovery in U.S. housing markets prior to the better half of 2008. About 38 percent expected a recovery inside the lover of 2008, while 42 percent said housing markets won't turnaround until 2009 or later. Our recommendation is usually to use the opportunities that will be presented from the coming months.

For individuals personally as well as professionally, recommendations that owning Lake Tahoe real-estate is a a great deal more enjoyable manner in which to observe your investing grow when compared to other options. When due to the selection of sitting on a lake beach and swishing down world-class ski slopes vs. extracting our hair out watching trading stocks, our choices clear.