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Lake Tahoe Real-estate - An Investor's Gem

You could understand that South Lake Tahoe became one from the country's most popular resort destinations. But have you considered becoming an investment opportunity? Even during a difficult housing market, South Lake Tahoe reigns as one of California's top-advised real estate investment areas.

In Lake Tahoe's vibrant real estate market, inventory is roughly twice those of 2005. Median house values are slightly lower and sellers are negotiating more than ever. It's actually a buyer's market!

Contributing 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, is the enthusiasm following Vail's acquisition of South Tahoe's Heavenly Mountain Ski Resort. It's almost without doubt today's lower values will not likely go far.

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

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

2) Reasonable prices. Affordability is South Lake Tahoe's charm. When compared to other international resort areas, South Lake Tahoe's median home cost of $463,000 is often a fraction of people 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, in comparison to California's median home tariff of $586,030, South Lake Tahoe's property values are absolute bargains-with the forest, 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 within the South Lake Tahoe real estate market, when summer begins to wane, sellers become more anxious to offer. In summary, they would like to close escrow ahead of the first snowfall. So long as inventory increased (more houses for sale), there's more room for buyers to barter the sales price and other accommodations. As an example of such a leverage, during 2005, the common home sold for 98.5% with the retail price. Today, the average house is selling for 95.8% of the original retail 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 similar structures are already demolished to create method for future developments. Some examples of future developments add a 71,000 square foot convention center and two hotel-condominiums featuring boutique shops, entertainment and proximity to nearly all of that the South Lake Tahoe Stateline area. Developers are anticipating this project to generate approximately 180,000 visitors per year.

It's about time to get South Lake Tahoe Realty

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

Simultaneously, a door seems to have been opened in South Lake Tahoe. According to a newly released article in Inman News, 1 in 5 economists surveyed predicted a "meaningful" recovery in U.S. housing markets ahead of the lover of 2008. About 38 percent expected a recovery within the other half of 2008, while 42 percent said housing markets won't turn around until 2009 or later. Our recommendation is usually to benefit from the opportunities which will be presented inside the coming months.

For individuals personally as well as professionally, we have found that owning Real Estate Tahoe can be a a great deal more enjoyable way in which to observe your investments grow in comparison to other choices. When given the choice of looking at a lake beach and swishing down world-class ski slopes vs. removing our hair out watching stock market trading, our choices clear.