In summary, their data displays improvement over last year with more properties sold and demand is trending upward at the lower price levels. Prices dropped compared to last year and inventory is very low, somewhat artificially, because of the shadow lender inventory being held off the market in Nevada due to AB284 legislation. The new Nevada law caused lenders to pull back due to accountability requirements.
It should be noted that the article primarily discusses single family home sales. Also, since the Tahoe basin is a very seasonal and relatively small market for real estate sales, data can be easily skewed with a few low priced, or high priced, sales such as the expensive lakefront estates.
Here is the link to the article: RGJ writer Yun Long Tahoe basin YTD real estate sales article.
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