It’s a Sunday night in February on Donner Summit and you and your family have just spent a great day enjoying the powder at Northstar and are now inching your way home through all the ski traffic. Avoid this situation this winter and discover the pleasure of being able to come and go as you please: now is the time to buy your Lake Tahoe or Truckee vacation home.
According to Truckee Realty Broker, as of September 2013 there are 536 active residential property listing with less then a third pending in the Lake Tahoe and Truckee area. On average, homes are going for 96% of their asking price and spend 87 days on the market.
There is a wide variety of homes to choose from turn-key to tear down. Gathered data, from homes sold since January 1st, reveals that of the 669 sold, 400 were build before 1990. For those up for the challenge of remodeling or creating their dream vacation home, this is an opportunity to consider.
Ephraim Schwartz of O’Dette Mortgage Group expects the residential real estate market to rise in the Tahoe/Truckee area by 10% the end of 2013 (as compared to 2012).