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Lake Tahoe Real Estate - An Investor's Gem

You might know that South Lake Tahoe became one with the country's most favored resort destinations. But have you considered becoming a great investment opportunity? Even during a frightening market, South Lake Tahoe reigns among California's top-advised investment areas.

In Lake Tahoe's vibrant market, inventory is around twice that relating to 2005. Median home prices are slightly lower and sellers are negotiating inside your. It is 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 critical, though, could be the enthusiasm following Vail's buying Truckee Real Estate. It's almost certain that today's lower values will not likely go very far.

These reasons are why Lake Tahoe real-estate is primed for investors.

1) Large Inventory = More Buyer Options. By August 26, 2007, there were 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) 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 really a fraction of those seen 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 cost of $586,030, South Lake Tahoe's property values are absolute bargains-with the river, mountains, blue sky and pristine seasons as bonuses.

3) Buyer's Market = Negotiation Leverage. Supply, demand, and consumer confidence have played an enormous role in buyer negotiating strength. As is common inside the South Lake Tahoe real estate market, when summer starts to wane, sellers are more anxious to offer. Simply speaking, they need to close escrow prior to first snowfall. Providing inventory is up (more properties for sale), there's more room for buyers to barter the sales price along with other accommodations. As one example of this sort of leverage, during 2005, the common home sold for as much as 98.5% from the retail price. Today, the normal house is selling for 95.8% of the original retail price.

4) Expansive Redevelopment. Following a lot of planning, dreaming and hoping, step 2 of South Lake Tahoe's redevelopment phase is underway. Rundown motels, shops and other alike structures are already demolished to make way for future developments. A few examples of future developments add a 71,000 sq . ft . convention center and two hotel-condominiums featuring boutique shops, entertainment and proximity to nearly all that the South Lake Tahoe Stateline area. Developers are anticipating this project to usher in approximately 180,000 visitors per year.

It's about time to purchase South Lake Tahoe Realty

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

Simultaneously, a door seems to have been opened in South Lake Tahoe. As outlined by a newly released article in Inman News, one in five 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 other half of 2008, while 42 percent said housing markets won't change until 2009 or later. Our recommendation is always to take advantage of the opportunities that'll be presented inside the coming months.

For individuals personally in addition to professionally, we have found that owning Lake Tahoe property is really a much more enjoyable method by which to look at your investments grow when compared to additional options. When because of the selection of located on a lake beach and swishing down world-class ski slopes vs. taking out our hair out watching stock market trading, our option is clear.