Amid all the national news hoopla, 2010 South Lake Tahoe, CA Home Sales are up 48.3%
(Lake Tahoe Real Estate Blog / August 25, 2010 / Richard Bolen)
As soon as we heard yesterday’s news about the US decline in July existing home sales, we knew what was coming. That’s why we immediately crunched numbers, looked at the data, and compared the national report to what’s what here in South Lake Tahoe right now (here).
Regardless of the differences in a national report and current South Lake Tahoe reality, we knew a media barrage was coming, and that it would impact people’s perceptions.
The truth is a funky national housing report does not necessarily apply to South Lake Tahoe. Sometimes national trends appear here, usually months after the fact, and then again, sometimes they do not. Usually what happens here is a difference in degree (in this case that degree is 9%).
Continue reading “South Lake Tahoe Real Estate News: We’re Only Talking about 7 Home Sales!” on our main blog.
Other posts of possible interest:
Aug. 24, 2010: US Home Sales Plunge in July, so What About South Lake Tahoe?
July 27, 2010: US Home Prices Increase, so What About South Lake Tahoe?
July 24, 2010: US Existing Home Sales Down, but What About South Lake Tahoe?
July 5, 2010: The Price of South Lake Tahoe Foreclosures
June 23, 2010: What about South Lake Tahoe Housing Demand?
May 10, 2010: South Lake Tahoe, CA Housing Demand and Absorption Rates
February 22, 2010: South Lake Tahoe, CA Real Estate Demand and Absorption Rates
Tags: Gary Bolen, Home Sales, Lake Tahoe Real Estate Blog, real estate, South Lake Tahoe home listings
