Tahoe Market Info

red sold sign
Image by Diana Parkhouse via Flickr
360 Active Listings, of those listings 82 are either REO or Short Sale listings comprising 23% of the total.   As usual, these calculations are made on sales activity of single family homes in the City – County areas of the South Tahoe Area Realtors MLS data.

135 Sold listings in the past three months with distressed properties making up 46% of those homes closed.      41 – 30% REO Listings         21 – 16% Short Sale Listings

Pending listings are made up of 58% of either REO or Short Sales.

An interesting number is the increase in short sale closed escrows.  Short sale lenders have improved the process and, if not easier, at least it is possible to close more short sales.

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