Yes, we have all been greatly affected by the slumping economy but the smart people see opportunity. And there is certainly lots of opportunities for buyers in the Lake Tahoe/Truckee region.

Please goto: http://scottandkimselltahoe.com/North_Tahoe_Truckee_MLS/?ID=16075 for a complete report on last weeks sales front.
The 35 properties closed this past week was the single largest week of residential sales in the last four months. September sales as expected have been brisk and the trend for the next 30-45 appears to be positive.

Median sales prices have decreased from last year by 7.3% to $399,500 while the average sales prices have decreased by 14.7% to $540,700. This continued downward trend in price is one of the major factors influencing home sales to date and should bode well for the remainder of the year.

With the inventory of great residential properties on the market, homes priced at 10-year lows and some of the lowest interest rates in history, we are anticipating a strong rally towards the end of the year.

If you are looking for information please feel free to contact me at any time. And of course you are welcome to access all kinds of information at : www.scottandkimselltahoe.com!


Scott Jones - Jones Real Estate Group

Tahoe City, CA.