Lake
Tahoe Duplex Real Estate - Click Here
Lake
Tahoe duplexes: Duplexes (semi-detached homes or multi-family
units) in Lake Tahoe offer an affordable housing alternative
to a detached house with housing starts beginning at the $190s.
These properties can be found in various town home communities
throughout Lake Tahoe. Duplexes are buildings that consists
of two dwelling units, one above the other under the ownership
of a single person. Usually each unit has each own separate
lot and entrance.
Lake Tahoe Real Estate condos (Condominiums): Owner has
a deed for unit, has a separate mortgage, pays property tax
on the unit plus a percentage of the common areas and pays
a monthly maintenance fee. A board of directors governs the
complex with the owner having one vote. The condo owner has
a fee simple absolute unrestricted ownership and is individually
responsible for property taxes and maintenance fees. Use the
sales price of condominiums with similar size, appeal, age,
neighborhood in Lake Tahoe, incurring similar maintenance
fees, etc. to determine market value. Ask owners in the complex
what they like and dislike about both the unit and the complex.
How good is the sound proofing? End units and upper units
generally sell for more when sound comes into play. How is
its location in the complex? Is it near downtown Lake Tahoe
or will you have to commute? Next to an access street, parking
facility, pool? Look for units that are not adversely affected
by these. Stay away from predominantly rental condo complexes
in Lake Tahoe, those having more occupants that are renters.
They are often poorly maintained as absentee owners usually
vote against improvements and increases in maintenance fees.
When buying condos in Lake Tahoe, it is always good to ask
lots of questions.
MEDIAN PRICE OF A HOME IN CALIFORNIA INCREASES 21.4
PERCENT IN JULY, SALES UP 7.4 PERCENT The median
price of an existing home in California in July increased
21.4 percent and sales increased 7.4 percent compared to the
same period a year ago, C.A.R. recently reported. "C.A.R.'s
unsold inventory index, which measures the number of months
needed to deplete the supply of homes on the market at the
current sales rate, increased to more than a three-month supply
for the first time in 17 months," said C.A.R. President Ann
Pettijohn. "While that is still dramatically low by historical
standards, the increase in inventory has mitigated some of
the upward pressure on home prices, which declined 1.1 percent
last month compared to June." Closed escrow sales of existing,
single-family detached homes in California totaled 639,910
in July at a seasonally adjusted annualized rate, according
to information collected by C.A.R. from more than 90 local
REALTOR® associations statewide. California's home resale
activity increased 7.4 percent from the 595,860 sales pace
recorded in July 2003. The median price of an existing, single-family
detached home in California during July was $463,540, a 21.4
percent increase over the revised $381,940 median for the
same month last year, C.A.R. reported. The July 2004 median
price decreased 1.1 percent compared to a revised $468,620
median price in June 2004.
CALIFORNIANS PESSIMISTIC ABOUT STATE'S FUTURE
Californians are pessimistic about the state's outlook, the
Public Policy Institute of California (PPIC) recently reported.
Residents are still deeply concerned about the effects of
future growth on the quality of life in the Golden State,
according to the report. Distrustful of state and local government,
they seek a greater role at the ballot box and through other
forms of civic participation in planning for California's
future. Between now and 2025, the state's population is expected
to grow from 35 million to between 43 and 48 million, according
to the report. Fifty-nine percent say that California's projected
population growth will be a bad thing for them and their families,
and only 14 percent think it will be a good thing. Pluralities
across all political and demographic groups see this growth
as a negative. Residents' expectations about future quality
of life in their regions are also decidedly gloomy, according
to the report. Nearly half think their part of the state will
be a worse place to live in 2025 than it is today, and only
18 percent say it will be a better place. Central Valley residents
are the most pessimistic and residents of the Inland Empire
(Riverside and San Bernardino counties) the most optimistic
about the future of their regions.
Information provided by - C.A.R. Newsline is published by the CALIFORNIA ASSOCIATION OF REALTORS®, a trade association representing more than 135,000 REALTORS® statewide.
