Our Q2 South Lake Tahoe, CA real estate update in the Tahoe Daily Tribune

Information is King in The Lake Tahoe Real Estate Blog

(Lake Tahoe Real Estate Blog / July 19, 2011 / Richard Bolen)

We like it when our local newspaper, The Tahoe Daily Tribune, uses us as a source for their real estate reporting. This is not to say necessarily that we like, or crave, the attention. What we do like is we know the public is nicely informed when we are cited as a resource.

More than anything perhaps, this is the true goal of this blog: an better informed public about South Lake Tahoe real estate conditions is better for us all.

Here's one of the things that was in the paper that we like best. It comes from articles we have done throughout the year about the South Lake Tahoe house then and now.

First, here's what the Tribune reported:

The South Lake Tahoe median sold price is $290,000 ($270,400 not including the sales of homes in the Tahoe Keys), which falls in the price range from $250,000 to $300,000. Here are the differences in the $250,000 to $300,000 South Lake Tahoe house since the market high in 2006..

• Houses in this price range are 30 percent newer than they were five years ago.
• They are 99 percent bigger.
• They are 54 percent less expensive per square foot.
• Twice as many have sold in the first half of 2011 than five years ago.
• — laketahoerealestateblog.com

What this addresses is what we've been trumpeting to potential South Lake Tahoe home buyers for some time: the deal you are looking for is found in the house, not necessarily in the price.

The last time we wrote about this subject, here. More related articles in the links below.

(full TDT article here)

Some previous Lake Tahoe Real Estate Blog posts of you may find helpful:

Apr 2, 2011: Q1 2011 South Lake Tahoe, CA Real Estate Report
Jan 2, 2011: 2010 South Lake Tahoe Housing Demand Report
Nov 16, 2010: What People are Buying: South Lake Tahoe 2010 Home Sales per Month
Nov 15, 2010: South Lake Tahoe 2010 Home Sales: Where We Are Now
Oct 9, 2010: Analysis of 2010 South Lake Tahoe, CA homes for sale
Oct 2, 2010: On Target with South Lake Tahoe, CA Homes for sale
August 31, 2010: US Home Prices Up… what about South Lake Tahoe?
August 27, 2010: I Woke Up this Morning… to the South Lake Tahoe Blues.
July 1, 2010: South Lake Tahoe Foreclosures: No Change Yet.
May 15, 2010: Where is the New Foreclosures Deluge?
November 15, 2009: Foreclosure Filings Down in October, what does it mean?