Tahoe Homes Spring Newsletter

Tahoe Homes Newsletter- May 7, 2008
Lake Tahoe News, Events, Real Estate Market Reports, Home Sales and Living at the Lake

Lexi Cerretti, NV Realtor
Lexi Cerretti, NV Realtor
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Copyright 2008
Buy Tahoe Homes
Chris Craft
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Tahoe Real Estate Market Sales- 1st Quarter 2008
The Tahoe-Reno real estate market is experiencing a shift towards mid to lower range home sales (under $1 million) and away from multi-million dollar homes, according to first quarter stats. The average price of a home throughout all of Lake Tahoe dropped under $1 million for the first time since 2004. The average price is now $909,919 (down 38 percent). The median price of a home in Lake Tahoe is down 25 percent to $662,172. Homes sold for more than $1 million were down 57 percent while homes sold for less than a million were down only five percent.... Tahoe Home Sales

Tahoe Home Sales- 2008 1st Quarter
Incline Village Home Sales
Lake Tahoe Best Buy

Best Real Estate Buys- Incline Village, Lake Tahoe
We have seen recent price reductions and motivated sellers, especially in the $1M and below market. View a 3 bedroom Golf Course condo $479k, year-round creekside Eastern Slope $875k, 4 bedroom newer construction 2,350 sq ft home $799k, panoramic lake view building opportunity reduced to $785k... Incline Village Best Home Buys

Chase Nation- Reno/Tahoe Real Estate Blog

View recent posts on Reno earthquakes, change in Incline Village beach access, Reno real estate markets, "Green" homes, fines for cutting trees in Lake Tahoe, REO sales and discuss local issues with nearly 400 members at Chase Nation. 

Chase Nation Reno-Tahoe Real Estate Blog

Chase Nation

Home Finance Update

Home Finance Update

It's interesting that, with little to no movement among interest rates, the number of applications for mortgages declined so much. That tells us where we are in this market cycle--dragging along the bottom. But there is reason for some optimism. Prices seem to be hitting the bottom, too. What does all of this mean about the real estate market? It’s hard to say. The good news, in the view of Aaron Smith of Moody’s Economy.com, is that we may likely be nearing the bottom for home price declines in many parts of the nation. But home sales aren’t likely to pick up significantly for quite some time. update on current home finance

...Finance News courtesy of Steve Peterson, Chase Home Finance 
View 30 year history of mortgage rates- we are currently near all time low for rates- a great incentive for buyers!
...Rates Chart courtesy of Marc Rancourt, Tahoe Lending Group
News and Events at Lake Tahoe
Tahoe Children's Foundation events, HGTV comes to Incline Village- "My Home's Worth What?", Chase Leading Estates Tour- Tahoe and Reno, Squaw Valley, Kings Beach fireworks, Incline Village Fourth of July Events, Shakespeare Festival, Tahoe City XTerra race, Summer concerts, food, art and wine events!


more spring and summer events...
Spring events

Lake Tahoe Real Estate
917 Tahoe Boulevard, Suite 100, Incline Village, Nevada 89451
Lexi Cerretti lcerretti@chaseinternational.com
775 833 1646 cell
775 831 7300 work
815 642 0340 fax