South Tahoe Real Estate Market Trends – Feb 2017

(2/14/2017) South Tahoe Real Estate Market Trends – February 2017

Submitted by Theresa Souers, 2017 Communications & Public Relations Chair, of the South Tahoe Association of REALTORS®

Throughout 2017, the South Tahoe Association of REALTORS® will provide real estate market reports in which local data will be compared to the overall state of California.

As of January 31, 2017, both California and South Lake Tahoe report positive trends.

Not only is the $405,000 median home price in South Lake Tahoe below the state’s median ($59,060) , South Lake Tahoe continues to rank as one of the most affordable resort destinations throughout the country.

According to the California Association of REALTORS® (C.A.R.), “The percentage of home buyers who could afford to purchase a median-priced, existing single-family home in California in fourth-quarter 2016 remained at 31 percent, unchanged from the third quarter of 2016, but up from 30 percent in fourth-quarter 2015, according to C.A.R.’s Traditional Housing Affordability Index (HAI).”

To read more, please go to: http://www.staor.org/wp-content/uploads/2017/02/02.14.17-STAR.PR_.MarketTrends.pdf