Tahoe Real Estate Market Sales- Midyear 2008
The numbers are in and sales for single family homes are down for the first half of 2008 compared to the same period in 2007. It seems there are lots of buyers on the sidelines looking for good deals, and weakening sales prices offer more opportunities, especially if you know which sellers are motivated. The median price for an Incline Village home sank to $1,042,500, down 13%... Tahoe Home Sales

Best Real Estate Buys- Incline Village, Lake Tahoe
Price reductions abound with motivated sellers exposing their determination to sell. Twelve of the 44 home sales thus far have sold for less than 90% of the asking price, in many cases that had already been reduced. There is a glut of homes on the market, and pricing is becoming more competitive... Incline Village Best Home Buys

As to be expected--we have entered the heavy blood-letting phase that precedes recovery. (The obvious problem is that we don't know how long this will last or how far it will go.) Prices are declining as bargain-hunters become more active in the markets and sellers finally acknowledge that they must bring prices down if they expect a sale. This is what happens when the market begins to form its bottom and foreclosures and emergency sales dominate the sales activity. . update on current home finance