All Reports Say Now is the Time to Buy South Lake Tahoe Real Estate

All Reports Say Now is the Time to Buy South Lake Tahoe Real Estate

South Lake Tahoe, California is widely referred to as “America’s All-Year Playground” by its residents, both seasonal and permanent. Bordering the southern shores of famed Lake Tahoe and occupying sixteen square miles of the Sierra Nevada mountains, it is clear why South Lake Tahoe is a favorite destination for vacationers. It’s not in just any city that you can bask on the shores of one of the ten deepest lakes in the world and ski nearby frosty mountain slopes in the same day. With such great surroundings, it makes sense that real estate in South Lake Tahoe is increasing in value.

In recent months, the national housing market has made steady progress. Property values are consistently increasing, with many already having doubled since 2009. Real estate in South Lake Tahoe, specifically, has stayed relatively valuable and is currently becoming more profitable. The median list price increased by 27% to $359,000 since last year and by 7% since last quarter. The median sale price has increased by 17% since last year and by 23% since last quarter. The average list price has remained relatively stable and the number of foreclosures has decreased by 2% since last year. A great indicator of property value is the sale to list price ratio, which compares the price a home sold for to the price it was listed for. The closer to or greater than one the decimal is, the more often homes were sold for equal to or greater than their list price. Since last year, the sale to list price ratio has increased by 6% to .97. A stunning 88% of homes are currently increasing in value, which is 75% more than last year. This is a night-and-day difference from 2009 when just 8.6% of home values in South Lake Tahoe were increasing. While all these signs point to the fact that real estate in this Californian city is going to continue to be very lucrative, there are still opportunities to buy low. This year, 23% of homes have sold under the asking price. So, despite the fact that the market is in an upswing, it’s still possible to find great deals.

Homes in South Lake Tahoe are only on the market for an average of three and a half months before they’re sold – and for good reason! This sunny city offers vacation home buyers a pretty package of amenities including everything from luxurious casinos and golf resorts to canoeing on the largest Alpine lake in North America and running the Lake Tahoe marathon. Indulge your senses at the annual Valhalla’s Art, Music and Theater Festival, which features Renaissance Fairs, community theater performances and art displays. The historic Valhalla Grand Ball and Boathouse Theater have seen significant changes since the 19th century when it served socialites from neighboring regions as a holiday destination. Since its early days, it has been transformed into a cultural hub that represents the eclectic nature of South Lake Tahoe’s community. The city welcomes everyone from bodybuilders who compete in The Tahoe Show fitness show to the concert-goers at the Lake Tahoe Outdoor Arena at Harvey’s. Bring the whole family to watch the Lake in the Sky air show and submit your photos to the online visitor storybook to be published on the town website! You’ll even have the opportunity to enjoy such seasonal festivities as the extraordinary Labor Day fireworks and South Lake Tahoe’s own version of Oktoberfest.

It’s no wonder that real estate in this Californian country is a hot commodity. Be sure to invest in your dream vacation home in South Lake Tahoe soon!

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Real Estate Spotlight: Harvey Cedars, New Jersey

Real Estate Spotlight: Harvey Cedars, New Jersey

If you haven’t yet explored all that the New Jersey coast has to offer, take a look at the real estate in Harvey Cedars – a beach city that’s modest in size but great in spirit. One of New Jersey’s most prized communities, Harvey Cedars expands little more than 1 square mile on Long Beach Island, yet it boasts some of the most sought-after luxury homes in all of Ocean County. The permanent population rests in the neighborhood of 330, but the summer brings approximately 2,000 more seasonal residents. With a booming summer community and gorgeous aesthetics, Harvey Cedars is a one-stop vacation destination.

The island’s housing market has been steadily improving. For the period ending on June 26th, most zip codes in Ocean County saw a significant week-over-week improvement in list prices. The current median list price for homes in Harvey Cedars is $1,120,000, a 6.7% increase since last year and a .8% increase since last week. The median amount that sellers are actually receiving for their property is $950,000, a stunning 22% increase since last year. The borough’s serene character and coastal setting make its vacation homes hot commodities. Indeed, Harvey Cedars’ rank as the seventh smallest city in the state increases demand its real estate. With such a limited supply of personal palaces, interested buyers should invest while the market is on the upswing.

While the town’s physical area is humble, the property within the city limits has been assessed at over $1.3 billion. In the last year, all home sales returned a profit and 80% of all unsold homes are reportedly increasing in value, which is a 54% increase since last year. These promising numbers undoubtedly contribute to the mere four-month average that Harvey Cedars homes stay on the market.

While the property values and dollar amounts of these vacation homes are impressive in themselves, the island community has a great deal more to offer. Residents enjoy a relaxing lifestyle with a variety of enterprises available to engage in. Of the many city camps, there is sure to be at least one that the kids will enjoy. Whether it’s the Martyn Rushmore Soccer Camp, the Van Grow Art Camp or the various baseball and lacrosse programs, family-friendly activities and community sponsored “Kids’ Nights” are popular on the island.

Founded in 1894 and establishing early success as a fishing community, Harvey Cedars has always promoted water and beach activities. Numerous lifeguard training courses are available indoors and out, and there is even a tournament for trainees to compete against one another each summer. Adults can energize with yoga on the beach or compete in golf and fishing tournaments. Concerts in the city park and craft sessions on the beach are two of the most popular pastimes for vacationers. The city also holds more whimsical events such as crab racing and an annual “Anything Floats” race in which participants can race anything that floats in water.

Since Harvey Cedars real estate values are steadily rising and its heavenly houses are only increasing in demand, what better time could there be to lock down your dream vacation home than now?

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Real Estate Value in Santa Rosa Beach is Increasing

Real Estate Value in Santa Rosa Beach is Increasing

Santa Rosa Beach is one of Florida’s most prestigious beach communities with some of the most desired real estate on the Emerald Coast. Occupying the southern shores of the Choctawhatchee Bay, Santa Rosa Beach includes 65 square miles of luxury beach houses, fine dining, exquisite art, performance venues and eco-activities. The city was founded in 1910 but has kept up with the times and seen great innovations throughout its history. Amphitheaters, spas and upscale shopping are only a few of the charms that make Santa Rosa Beach a complete package for vacation home buyers.

As the saying goes, the only thing you can count on is that everything will change. And because of this, scientists and statisticians have developed ways of analyzing trends to help project aspects of the future. One definite trend that housing market analysts have identified over the last few months is that real estate values are increasing. It’s a fact. This is a welcome report for homeowners across the country, and it also means that potential home buyers will benefit by investing sooner rather than later. But while property values are on the rise, so are mortgage rates. The 30-year fixed-rate mortgage has long maintained a national average of about 3.5%, but this week it’s risen to a whopping 4.2%. With a week-over-week increase like that, those interested in securing a mortgage should do so quickly.

During this time of fluctuation, the Santa Rosa Beach housing market has been doing particularly well. The median estimated market value rose 9.9% from last year to $325,000, and the average list price rose as well, moving up 11.8% to $459,000. The biggest increase of all, though, was the median sale price, which rose a colossal 20.1% to $322,700. Over three-fourths of all homes in Santa Rosa Beach is increasing in value, which is approximately 16% more than last year and the number of homes that were sold for gain has risen 8% since last year. Situated just a short drive from Laguna Beach yet with so much to do in the city, itself, it’s no wonder these vacation homes are only on the market for around 200 days.

While life in Santa Rosa Beach is undeniably lavish, there is a great deal of diversity when it comes to culture, lifestyle and activities. Yahoo! Travel named Santa Rosa Beach one of the “10 Best Beach Destinations for 2011” and commended its “lapping waves and cool sand,” among other delights. The self-labeled artists’ colony offers many outlets for enjoying creative ingenuity. Among these is an abundance of local galleries, performances at both the Seaside and Topsail Hill amphitheaters, concerts at the Baytown Wharf and unique upscale cuisine. Those with a fondness for the outdoors will appreciate Santa Rosa Beach’s ample opportunities for adventure. Vacationers can feel free to explore the environment in Eden Gardens State Park or dip into the bay at one of the many kayak rental spots. Fun is waiting for the whole family at the E.O. Wilson Biophilia Center that frequently features special events like “Alligator Adventures”. While the kids are at a summer day camp, parents can enjoy one of the town’s Parents’ Nights Out and unwind with a sunset movie on the beach. Many residents take a break from their daily lives and refresh with a bike ride courtesy of one of the many rental sites in the area and then relax at the Serenity by the Sea spa.

Based on today’s market reports, one thing is certain: Real estate values are on the rise. So start by taking a look at vacation homes in the colorful Santa Rosa Beach and begin your investment early.

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A Real Estate Trend in Mexico for Vacation Homes in 2013

A Real Estate Trend in Mexico for Vacation Homes in 2013

It’s that time of year again. It’s getting cold up north and that means it time to head south for a quick vacation. But for some travelers, they’ll come back home next year with more than just a sunburn and a few souvenirs. Thousands of American and Canadians will be heading down to Mexico this winter and will be coming back as the proud new owners of a vacation home.

For many of them, it’s been a long time dream to own a vacation home in Mexico. Some have spent years doing their due diligence and researching the best place to buy. And now that they’re in the final stages of the home buying process, they’re ready to pull the trigger, but they want to be certain they’re really buying the house that’s right for them.

And this final step leads us to what has been a major real estate trend in Mexico for the last few years. Potential buyers have been trying out a home before they buy it on an ever-increasing pace. They’re arranging to spend a few nights in the home to get a better feel for it.

And this is usually very easy for sellers to accommodate since many vacation homes in Mexico are already being used as vacation rentals by the owners. This is especially true of vacation homes in popular tourist destinations like Cancun, Cabo San Lucas, and Puerto Vallarta.

Now, the buyers aren’t the only ones who benefit from this “Spend the night” concept.

Home sellers are actually the biggest winners.

Studies show that the most likely to buy prospective buyer is someone who stays in a home they’re considering buying. Any resort developer with rental inventory that can be used to provide lodging to prospective buyers knows this statistic all too well.

Even more interesting, among the biggest proponents of the “spend the night” concept are 55+ communities. They frequently use formalized “Discovery Weekend” packages to entice potential buyers to spend the night. In fact, Del Webb, a major developer of 55+ communities was able to attribute 50% of their sales from “Discovery Weekend” buyers in a recent year.

Well…this wonderful method of buying and selling homes has now truly taken root in Mexico.

So, if you’re considering buying a vacation home in Mexico this year, take advantage of one of the fastest growing real estate trends. And even if you don’t buy, you’ll still have a great vacation!

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