<a href=showthread.php?s=&postid=11690561#post11690561 target=_blank>Originally posted</a> by mothra
how is the real estate market around Tahoe right now? , and also if the fire last summer impacted things.
Definitely a buyers market, like everywhere right now.
I was talking to a client of mine today that just found out that her insurance company knocked the value of her home $90K due to the market value.
I also have a client that had bought a new home in Portola, CA and was trying to sell his home in Truckee for over a year and took a near $200K below asking price to unload it. There are definitely deals to be had.
Here is a link to my neighborhoods realty company.
http://www.agatebay.com/tahoe/SITE/top/listing.cfm/lodging/3875/25.79273.36843816/direct?c=1
I know the owner quite well. mainly because of my summer time complaints when the neighborhood turns into a high class trailer park with all the rentals full. Not a bad thing all the time, our family have become good friends with some returning renters, but the most of them have no clue that there are working class people that live in the neighborhood and every night of the week isn't an all nighter.
If you find a good property manager, I could see a rental being used 30-40 weekends a year. I see it right across the street from my home with a lot of work by the homeowner and the agent.
As far as the Angora Fire.... I don't think that it has affected the property value in the area a bit. Possibly insurance rates for new owners. But living here in the summer time there is a daily concern. Like the drivers on the winter roads, it only takes one knucklehead out in the wilderness with a campfire to destroy hundreds of homes and lives.
I was driving home from the Giants vs Yankees series the weekend that the Angora broke out and when I first saw the sky in Auburn I knew something devastating was happening somewhere near Tahoe and it was a nervous drive home. I maintain four aquariums for the Barton Memorial Hospital Foundation in SLT and out of the first 53 homes that burned 15 of them were hospital employees.
