Glimmer of hope in Tahoe real estate market
While real estate prices continue to decline in the Lake Tahoe Basin, the number of sales in the first quarter increased compared to 2011.
According to stats released by Chase International, for the quarter ending March 30 there was a 15 percent increase in units sold around the lake compared to a year ago.
Chase reports the median price of a home in Lake Tahoe is $317,000 and the average home price is $623,645, down 25 percent and 31 percent, respectively.
Truckee is showing signs of recovery mostly in sales of $1 million-plus houses.
The condominium market around Lake Tahoe experienced declines for all segments — units sold was down 18 percent, average prices was down 35 percent and the median price down 7 percent.
California bumped Nevada from the leader board when it came to the number of foreclosures. RealtyTrac reports the Golden State had 133,245 foreclosure filings in the first quarter. This accounts for 23 percent of the 572,928 foreclosures in the country.
El Dorado County, according to RealtyTrac, had 23 percent fewer foreclosures the first quarter of this year compared to 2011.
According to Fannie Mae’s March consumer attitudinal National Housing Survey, more Americans expect home rental and home purchase prices to increase over the next year.
“These trends may be providing Americans with an increased sense of urgency to buy a home as 73 percent of Americans now believe it is a good time to buy a home, up from 70 percent in February,” the California Association of Realtors reports.
— Lake Tahoe News staff report
‘Glimmer of Hope’
Lake Tahoe is one of the worst performing economies is the entire country.
WHY?
South Lake Tahoe especially needs to take a hard look in the mirror and understand what you have become.
The way I saw it for many years – From the people that own the businesses, to the artists to the musicians to the college and especially the government… you all are the cause.
As a neighbor use to put it before he left Tahoe is full of a bunch of 4s that think they are 9s.
There is a rot in our country and it comes from the arrogance and ignorance of liberalism and it’s epicenter is right there in South Lake Tahoe, El Dorado County.
When I finally left I wouldn’t do business with any of you.
The effect of the crud is reflected in the collapse of Tahoe being one of the worst performing economies in the country.
Hey Joe, You are a pathetic loser. Your life is in the toilet because you’re a POS. I’ll send you my address and you’re welcome to come over and say these things to my face.. but you won’t.. punk/jerk.
Joe, your comments demonstrate the arrogance you speak of, your own; if you don’t like us here in Tahoe, quit reading and writing about us, if you’ve moved on, then move along. Your arrogance belies rational judgment. In every city around the world, there are postive and negative aspects; there are human beings who take pleasure in the negative and those who don’t; there are those who get thing done and those who critize the ones doing.
Your comments so full of venom about an entire community, they serve only to show your moniker is based on truth; you seek to stir up others, draw attention to yourself deriving pleasure peering over the shoulders of others from a self-described grandiose perch; this judging the life of others demonstrates envy has overcome you.
For it is those steeped in envy from having acheived little of what they dreamed that are bothered by the lives and acheivements of others; it is your envy that derives pleasure from the wasted effort exerted by disparaging residents struggling to survive here working hard to build a legacy for our children.
Having chosen to leave, try peering into the mirror and develop character worth respect rather than peering over our shoulders wishing for the attention you clearly long for in your life.
Step away from the computer, the mirror is down the hall.
Joe,
I like many others are curious why you bother to read Lake Tahoe News when clearly you don’t like anything about the South Shore. Could you enlighten us? I just don’t understand your anger and why you keep spewing your venom.
Kathryn Reed, LTN publisher
Ms. Reed:
Thank you for your query to Joe. I completely agree with your comments and would also appreciate enlightenment. I for one prefer constructive dialogue on this forum rather than vitriol.
The answer is simple –
I want to fix the problems that we are facing and you cannot fix a problem unless you are willing to clearly identify it.
For 20 plus years I have watched as the liberal bureaucracy has hidden the developing problems … to me the poster children of the nations woes are – el dorado county and State and this town – 20 plus years of deceit and lies from the left.
South Lake Tahoe is one of the worst performing economic systems in our country, in several measures it is the worst performing economy in the country …
WHY?
Deal with that question and maybe we can change our future.
It’s liberalism, socialism and now the emerging results are Marxism. It’s been the obvious direction for those 20 plus years… many people have been pointing it out.
If you want a healthy and free society study what El Dorado County and Lake Tahoe have done, and do the opposite.
… one more thing…
The Smed clearly takes it personally, he should, he is part of the problem and he knows it.
… the truth hurts.
Tahoe is toast, understanding why is the solution.
GBA and let’s try to save it.
Ahh Joe, once again your arrogance blinds your mind to rational discourse, but thank you for exposing yourself.
You write, “I want to fix the problems that we are facing and you cannot fix a problem unless you are willing to clearly identify it.”
Most problems have solutions. A problem can almost always be fixed. Your posts nearly always contain personal attacks, empty vitrol as Ms. Reed indicates and those are not problems but rather opinion, oozing with the green envy of one whose arrogance has lied to himself thinking he is all knowing, when there is no knowing, there is only understanding that comes from humility.
Rather than feed your green monster and debate such emptiness, I’ll leave you to your mirror to search for the peace within you can only find when you come to accept your life’s choices; only then might you realize none of us know more than the other, we are all on a quest for the best we can do.
“It’s liberalism, socialism and now the emerging results are Marxism. It’s been the obvious direction for those 20 plus years… many people have been pointing it out.
If you want a healthy and free society study what El Dorado County and Lake Tahoe have done, and do the opposite.”
Joe, your post is almost laughable when we consider that El Dorado county AND South Lake Tahoe have historically been a hot bed of conservative republican voters!
Red dog,
Your points are confusing, to argue the ‘success’ of SLT is an oxymoron.
For the most part what South Lake Tahoe achieved is failure.
The only thing that succeeded in SL Tahoe is Government. Excessive Government and soon that will fall and it will be total failure.
On the bigger picture,
America’s epic decline has a reason, it’s obviously not it’s success.
Red Dog,
I am not trying to solve SLT’s problem…
SLT is toast.
GBA and let’s try to save it.
I am not now nor have I ever been a republican.
The issues to me are and always have been the difference between conservative and liberal.
Liberalism Kills
South Lake Tahoe is dead same for El Dorado County.
How can you people pay your debts? Do you have any idea what they are? How much you owe your government employees?
Do you have a clue what you owe?
From here it gets worse.
Oh Joe,Joe,Joe
I’ve got a proposition for you. I’ll take you out on my boat and we will troll our way over to Emerald Bay. I’ll drop you off on Fannette island so you can take in the beauty of Eagle Falls, the Osprey nesting, the mallards and mergansers paddling by,and you can contemplate as to why you hate SLT so much.
Then I’ll come back and pick you up and we will head back to the dock. Our next activity is a tour of our local schools, the ones I went to: Bijou Elementary, the Middle school and So. Tahoe High– Good schools, all of them!
Next stop is one of our fine restaurants here on So. Shore for a bite to eat and then, off to a meeting of one of our many local Govt. agencies that although a bit conflicted are doing their best to preserve So. Shore with people’s business concerns and of course the environmental impacts.
Now things are winding down so we stop at a local pub where we catch some live music by local musicians and maybe view some art done by local artists.
Good day, eh? But actually Joe I’d probably leave you on Fannette Island and let you figure out how to escape paradise. Oh and by the way liberalism is not the cause for your so called “rot in our country”, it’s actually the cure!
Take care, Old Long Skiis
Long Skiis,
Bitterness is such a waste of time, energy and one’s life. Too bad JoeStirumup seems to be lacking the capacity to find joy and pleasure. The day you described sounds great, which is why I moved TO Tahoe from the SF Peninsula 12-years ago. Best thing I ever did.
I find that if you go to Emerald Bay, at night and spend some time at the vikings home parking lot and overlook, then you will know why you live here
I found that it doesn’t do any good to be angry with the Good Old Boys and the direction they are taking the town
instead you need to work within the parameter’s that they set
Perfectly stated Chief.
Chief and 4-mer
You two have got to be kidding?
You think people should just roll over to the powers that be just because…
‘work within their parameters they set’.
Hogwash,
Stand up and fight for what is right you wimps! Freedom and liberty first!
This is America, or was.
You are exactly what is wrong.
Joe,
YOU’RE the one who doesn’t get it. Your negativity, bullying, and antagonizing conduct are what are wrong with America. People rarely agree on everything and when someone becomes so entrenched in their own position and refuses any kind of compromise NOTHING gets done, as evidenced by our National/other leaders. Yeah, this country is screwed up but no one wants to work together to find a solution. Civility seems to be disappearing from our society, as evidenced by your posts.
Go away Joe, and you can go away mad, but just go away. Let people who want to work collectively for improvements get on with their work.
4-mer
I get it, getting along and going off a cliff is foul hardy. I am against it!
If you are happy with the liberal direction our country has been going for the past 20 years then I am proud to be against you.
Very proud.
pubworksTV, Have you ever wondered why you have no friends, your whole personal and business life is nothing but failure and everyone you interact with thinks you’re a lower extremity body orifice? Maybe it’s you.
Joe,
Like I said before, you ARE the problem and you do nothing to seek solutions. It’s called negotiating Joe, it’s what adults do to reach a compromise to find a workable solution for all involved parties. It has nothing to do with being liberal or conservative, it’s about working in a civil manner toward the best outcome for everyone. Adolescent tantrums are just that, and they get you nowhere. Grow up.
Maybe the article should have been titled “Increase Housing sales brings out pent up emotions”. Tahoe’s real estate market has always been different due to the high ownership by people who work and live elsewhere. Many properties are 2nd homes (bought with excess income or where vacation rental income was counted on to make the mortgage payments). When their income goes down and tourist business goes down, those 2nd properties become expendable. We are seeing a point where prices have dropped to where they are starting to sell again to people from outside the community.
LOL socialism and marxism
Give me a break, corporations control the government, socialism is simply not possible. Fear mongering right wingers… typical nonsense.
What a sad person:
“The way I saw it for many years – From the people that own the businesses, to the artists to the musicians to the college (…) you all are the cause. ”
Seriously?
Can you elaborate on that sentence specifically? Are you implying the economy/town/world would be a better place without art, music, and education?
Well, at least he didn’t blame the gays. He probably does though.
‘get off my lawn you kids!’
and maybe Joe’s not the only know-it-all smarmy, condescending blowhard. Comment threads like these take different turns sometimes. Your real estate pontifications are well known by all with a basic clue about this market.
Robot,
I love the arts and music and good education … It’s the SLT bunch that spent to much time reading their own press releases that I have issue with.
get out see the world – you’ll find a better class of artist and musicians and business people.
If you read my first post I point out Tahoe is full of 4s that think they’re 9s.
Joe, the problems of today are not the fault of ANY party, there are problems that originated in the left, the right, and the middle.
If you are not part of the solution, you are part of the problem. What exactly do you do to make the world/your current town, or any place else on this planet better? All I hear is the same old nasty mouth putting everyone else down.
There are a LOT of people in South Lake Tahoe that work really hard, take pride in attempting to do their job/business well, and volunteer hundreds of hours a year to help other folks and our town.
What was YOUR contribution while you were here?
If you really want to make a difference, get out of your house and go and volunteer at a hospital, a soup kitchen,or for a charity that raises money to help kids.
wow…as a newcomer to this article i’ve got to say that Joe sounds a bit scared, a bit full of himself. those who spout the rhetoric that anything progressive is ‘marxist, ‘socialist’…or worse still,’liberal’ rarely have an understanding of any of those words nor their historical contexts and the process by which they have become twisted into political baubles. there is so much fear attached to these words anymore by the conservative, ultra- right wing (un-)intelligentsia that reason gets lost in the discourse. when anyone’s voice-or ideas get stifled we lose the most precious part of what makes our republic worthwhile. Joe-Tahoe has problems for sure, and if you hate this town and its citizens so much then please, walk your talk and take your venom elsewhere. I don’t think you’ll need papers or a party card to do so. “When fascism comes to America it will be wrapped in the flag and carrying a cross”-Sinclair Lewis
“get out see the world – you’ll find a better class of artist and musicians and business people. ”
I’ve see a lot of this country. Houston Texas is a place without good music, art, education, or culture, despite the fact that it is the 5th largest city in the US and tries desperately to sustain anything that resembles culture. It is probably your utopia. Go there, buy a big fancy house, on a small lot, or use some loop hole to occupy some wasteland that is nowhere near anything that has anything that remotely resembles natural beauty. Go spend your weeks on the lovely gulf coast, watching the oil tankers float in to port on a beach that is a dressed up repository for the dredged sand from the shipping lanes. Smell that fine… air.
How have musicians and artists ruined the town? you didnt support your statement at all.
now you love art and music and culture? BS.
i listen to zappa. and you are a complete moron.
Thanks for the real estate update.
With great appreciation I enjoy the ideas and information shared by others.
I am equally grateful for my mouse that clicks me away when I am finished reading a good story so I don’t have to suffer through the ill-informed, opinionated banter that follows. The scroll button helps too. My power to choose is the best of all.
Keep it up Kae! And thanks for keeping it real.
Yes, I am obviously the problem. My observations caused this mess you live in.
… but at least I am not a South Lake Tahoe or California resident.
Hey, I see the garbage rates are going up…
That’s liberal government control for you, that’s what you people chose. And I am the moron?
It’s all related.
I stand by my observations of what you people have caused to yourselves.
I’ll continue to recommend that people stay away from SLT.
From here it will get worse.
Well, you’re obviously NOT part of the solution, Joe, so why don’t you just go away literally as well as physically.
JoAnn,
Tahoe is an American Jewell destroyed by the Liberalism of the California types…
I think America deserves it back, don’t you? I mean, America is expected to pay for it.
I’ll go away when I am dead.
Until then I intend to point out the problem until the new generations start to understand it.
It’s history all over again. You Californians have been mislead by your leaders.
Don’t feed the troll!