Not long ago, I mentioned that Tahoe real estate is turning around. A few days ago, Realtor.com ran a blog on the ten fastest-appreciating real estate markets in the country. Where were they? Five of them were in Northern California.
3 San Francisco
4 San Jose
Of the remaining five best markets, two more were in Southern California, Santa Barbara and Riverside. Seven out of ten of the best markets in the country are in the Golden State.
What does this mean? California real estate is roaring back, attracting investors from across the country. Sacramento prices have jumped 35% in the last year. And for San Francisco, already the most expensive city in the country, to jump 23% is huge. Where are the dollars from the coming sales and refinance boom going to go? A lot of them are coming up the mountain to Tahoe. As goes Northern California, so goes Tahoe. Northern California even pulls up (or down, as the case may be) Northern Nevada.
So if you've ever wanted a place in paradise, don't wait.
Here are some links to Tahoe Real Estate Companies.