January '08 Newsletter
 Powder,
Powder, Powder! Hallelujah! There was no better
way to kick off 2008 than with the best snow storm we
have seen in quite some time. Throughout Lake Tahoe,
folks were happily stocking up on food, batteries, candles
and gas cans. Snow blowers were given trial runs and
the skis were being polished. The snow is here and all
is well with the world - at least it is with Lake Tahoe.
 2007
Real Estate:
So. Lake Tahoe
Vs.California
2007 certainly was a tumultuous year for the real estate
industry, especially for those whose memories struggle
to extend farther back than 2000. Every day, the media
blasts yet another report about the "doom and gloom"
housing report. And yes, the news is disturbing. Although
recent governmental efforts to slow the downward spiral
are underway, another wave of foreclosures and short sales
is coming. However, keep in mind that many of these reports
fail to break down the statistics in regards to various
regions and all too often, simply clump basic data into
one melting pot of "information."
The California Association of Realtors recently released their 2007 November
market update. In this article, they reported that the
median home price of $488,640 fell 11.5% as compared
to the same time last year. The South Lake Tahoe Association
of Realtors MLS reports show that as of 12/31/07, the
median home price of $435,000 in the South Lake
Tahoe area dropped a slight 8.4% as compared to 2006,
5.5% as compared to 2005 and remains up from the median
price of $370,000 in 2004.
Of noted significance was the 17.4% decline of 404
homes (single family & condos) sold in 2007 as compared
to 489 in 2006 and a whopping 745 in 2005. This reduction
of sales was nearly half that of the 36.2% decline reported
throughout the state at the end of November.
Click
here to read the full C.A.R. report
 Seeking
Your Feedback & Ideas
As the manner in which consumers seek information rapidly
changes, we are constantly asking for feedback from home
owners as well as prospective buyers and sellers as to
how we can best provide them with the most useful information
and - what is the information they are seeking. As a result,
our web site, www.HomeInTahoe.com is constantly morphing
into what we hope will be the most informative, factual
and "user-friendly" Lake Tahoe real estate site
to be found. Many of the new features you will be learning
about in this newsletter are a direct result of such feedback.
We hope that you will not hesitate one bit in letting
us know if you have an idea that you feel would be a great
value to offer to the public. After all, you are the driving
force behind our business.
Take a look at our website
and send your thoughts & suggestions.
 Our
EVER-IMPROVING Web Site
In our never-ending quest to provide the most
up-to-date
Lake Tahoe real estate information, we have added
yet two more new features to our website, www.HomeInTahoe.com.
Those of you that enjoy tracking the real estate market
will delight in our latest addition. Each month, under
the "Learn
About the Neighborhoods" section of our web site,
we are publishing the previous 12 months of real estate
market activity for each neighborhood within the South
Lake Tahoe area. Within these stats, we are including
the medians for the following: Number of Homes Sold, List
Price, Sold Price, Days on Market, Sale to List Ratio,
Square Foot and $ per Square Foot. This information will
updated within a few days following the end of each month.
Check
it out for yourself and again next month.
Our 2nd New Informative Addition - Weekly Market Updates
In Our New Blog
Don't forget, if you haven't already done so,
check out our new Lake
Tahoe real estate blog. Every Thursday evening, we
will be posting the number of "new and/or back on
the market" listings, pending sales and recorded
closed sales for each for the South Lake Tahoe area during
the previous week.
Please click here to check
it out and come back soon to see the latest posts. |
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