Tahoe/Truckee Housing Market Continues to Strengthen
LAKE TAHOE, Nev. – Third quarter sales figures in four major regions of Lake Tahoe plus Truckee continue to show a strong pattern of increased home sales. Single family home sales in South Lake Tahoe, Incline Village, Tahoe City and Truckee saw significant growth in the first nine months of 2010. “We are very pleased to see an increase two quarters in a row; however the median cost of homes are still tracking downward,” noted Sue Lowe, corporate broker and senior vice president of Chase International.
Buyers understand that this is the time to obtain the ultimate value in housing and are purchasing these incredible deals at rapid rates”, said Lowe. The units sold for the entire Lake Tahoe basin are up an amazing 28% and sales volume is up an astounding 37%. Even the average price is tracking upwards for the first time in the last two and half years at seven percent. “We continue to educate our buyers that now is a good time to buy in the Tahoe region,” said Lowe. “There are still a lot of great choices and deals out there for buyers.”
Area specifics: On the South Shore, total sales volume is up 32 percent and units sold up 28%. In Tahoe City, sales volume is up a whopping 67 percent and units sold up 46%. Incline Village, sales volume is up 28 percent and units sold up 27%. On the East Shore of Tahoe and sales volume is up 9%, units sold down 2%. In Truckee, the sales volume of is up 9% and units sold is up 13%.
A complete breakdown of Chase International’s year-end sales report can be viewed at www.Chasenation.com.
Headquartered in Lake Tahoe, Nevada since 1986, with eight offices in the region (Zephyr Cove, Glenbrook, Incline Village, Tahoe City, Squaw Valley, Truckee, South Lake Tahoe and Reno) and one in London, Chase International and its exclusive affiliations handles a large share of the country’s property. A recognized leader in the world of real estate, Chase International continues to grow having added 65 Realtors to their ranks in the past twelve months.
