Sunday , October 24 2021
Home / Calculated Risk / Second Home Market: South Lake Tahoe in September

Second Home Market: South Lake Tahoe in September

Summary:
Early this year, from Jann Swanson at MortgageNewsDaily: Fannie Warns Lenders on Investment Properties and 2nd Homes. I'm looking at data for some second home markets - and will track those markets to see if there is an impact from the lending changes.This graph is for South Lake Tahoe since 2004 through September 2021, and shows inventory (blue), and the year-over-year (YoY) change in the median price (12 month average). Note: The median price is distorted by the mix, but this is the available data. Click on graph for larger image.Following the housing bubble, prices declined for several years in South Lake Tahoe, with the median price falling about 50% from the bubble peak.Currently inventory is still very low, but solidly above the record low set six months ago, and prices are up

Topics:
Calculated Risk considers the following as important:

This could be interesting, too:

Calculated Risk writes Real Estate Newsletter Articles this Week

[email protected] (New Deal democrat) writes Weekly Indicators for October 18 – 22 at Seeking Alpha

Martin Choi writes China will set up a property tax pilot plan, taking small steps after years of dithering to tame home prices for common prosperity

Calculated Risk writes Schedule for Week of October 24, 2021

Early this year, from Jann Swanson at MortgageNewsDaily: Fannie Warns Lenders on Investment Properties and 2nd Homes

I'm looking at data for some second home markets - and will track those markets to see if there is an impact from the lending changes.

This graph is for South Lake Tahoe since 2004 through September 2021, and shows inventory (blue), and the year-over-year (YoY) change in the median price (12 month average).

Note: The median price is distorted by the mix, but this is the available data.

Second Home Market: South Lake Tahoe in September Click on graph for larger image.

Following the housing bubble, prices declined for several years in South Lake Tahoe, with the median price falling about 50% from the bubble peak.

Currently inventory is still very low, but solidly above the record low set six months ago, and prices are up sharply YoY.   

This will be interesting to watch, but so far there isn't any evidence of a 2nd home slowdown in these numbers (The fires don't seem to have impacted these numbers either).

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.