Here are some market facts about Lake Tahoe area lot/land sales for 2012:
There were a total of 24 lots sold for the following areas: Kings Beach (4), Tahoe Vista (3), Carnelian Bay (2), Tahoe City (2), Homewood (4), Tahoma (3), Meeks Bay (1), Rubicon Bay (1), Alpine Meadows (0), and Olympic Valley (3) areas (TSMLS Areas 1-6) for 2012.
Of those 24 lot sales they ranged in price from $7,500 to $1,850,000. The average days on market was 173 DOM, but ranged from 2 Days to 1,647 Days. Cash buyers were 82% of all sales, with 8% as owner financing, and 8% as conventional financing buyers.
Correct pricing is the key to a successful sale based upon the features your property has to offer. If your property is priced at fair market value, combined with the efforts of a dedicated Tahoe agent that is committed to giving your lot the marketing exposure it needs, you will get it sold.
Give me a call at 530.414.1260 for more assistance.
Laura Allen, Tahoe City, CA DRE# 01473598