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 Daniele, Real Estate Pro in

When is the best time to buy a vacation property in north lake tahoe?

Asked by Daniele, Sun May 13, 2007

When is the best time to buy a vacation property in north lake tahoe?

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Since the Lake Tahoe real estate market is a mostly a 2nd home & four season resort market, statistics show a fairly even distribution of home sales throughout the year. That being said however we do experience an increase in inventory each year at the start of the summer season, thus buyers have a lot of properties to choose from and sellers have a lot of properties to compete with. Often the properties that have not sold during the summer season will be reduced in price just before winter and if they do not sell then, they will be ski leased through the winter season and then brought back on the market at the beginning of the next summer season, thus contributing to the home inventory. As for the best time to "make a deal" or get a "bargain", there really isn't a best time of the year because sellers go through various motivations throughout the year as they are trying to sell their properties in this type of market. Now, at the beginning of the 2007 summer season, seems to be a great time to buy vacation property in North Lake Tahoe. I know you are saying to yourself -- "All the agents are saying that to try to drive business." But, honestly, we have a lot of great homes in all price ranges on the market right now and I've seen some pretty good deals being made.
0 votes Thank Flag Link Sat May 26, 2007
September! Sellers get antsy once the summer crowds depart, and many drop prices or are much more willing to negotiate with buyers. Also, the relatively large summer inventory gives buyers more choices.

We bought our first home in Incline Village 3 years ago in early October for $610, 000 the day after a $100,000 price reduction. Ask the real estate agent you are working with to set you up with an auto-notification for new properties that come onto the market meeting your price and other criteria, so you have the first opportunity to make an offer as soon as a listing comes onto the market, or in the case of a big price reduction. This is a great advantage to you if you are in the position to write an offer on short notice.
Web Reference: http://buytahoehomes.com
1 vote Thank Flag Link Wed Aug 8, 2007
I've gone through this myself, nearly every different way i could think of. The truth is that winter or summer may not matter because both have their advantages. ::

Winter = Less properties on the market, but possible motivated sellers ::
Summer = More properties on the market, but more potential competition from buyers ::

One of our users posted a few potential bargains in Lake Tahoe last week. You can find them at the link below. In my opinion, the ponderosa one appeared to be the best deal.
Web Reference: http://www.flippingpad.com
1 vote Thank Flag Link Sun May 13, 2007
NOW!

Prices are down and there is a lot of inventory to choose from and some very good opportunities. Most of the properties that have been for sale through the winter is because the seller needs to sell or is motivated. The snow is melting so you can see the topography of the property.

We are in a vacation community so there is a large number of 2nd home owners and most of them use their property in the winter for skiing. We do see a surge of homes go into contract in the later summer and early fall. But we also start to see things pick the month May & June.

Good Luck,

Greg Poulsen
Cell (530) 448-9830
http://www.TahoeHomeHunter.com
0 votes Thank Flag Link Thu Apr 10, 2008
I know it sounds like a real estate person's pat answer but now is the best time to buy in the Lake Tahoe/Truckee area. Lots of inventory and motivated sellers. Lake Tahoe and Truckee are a national treasure and they are not making any more land. Buy now for you great deal on a vacation home today. None of us know when the real estate market wil turn around, but by the time prices start moving up it is too late to get that great deal. You could probably negotiate what the near the bottom will be today.
call me for list of great homes for sale. There are over 60 homes for sale under $500,000 as of 1/22/08.
Carleen Long, Coldwell Banker- 530-448-1727
0 votes Thank Flag Link Wed Jan 23, 2008
If you are a winter enthusiast, I would start looking for grat deals in the fall, after hte summer rush is over and the school season has started. Many homeowners will have reduced their prices a bit, and are eager to find a buyer. Purchasing in the Tahoe area in the winter is recommended for locals who can get around easily in the witner conditions. If you are looking to walk the land, best to do that before the snow falls. Hope this helsp!
0 votes Thank Flag Link Wed May 30, 2007
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