Our Spring 2003 Lake Tahoe, NV Newsletter

A Focus on all 2002 real estate activity on the NV side of South Lake Tahoe.

(Lake Tahoe Real Estate Blog / February 2, 2011 / Richard Bolen)

This was the second Lake Tahoe Real Estate Update Newsletter. We published it in the spring of 2003 (download pdf below), and this too is our second in a new series of prior information releases that became the source points, both in terms of factual reporting and public service, for what eventually became this blog.

When we complete this series, we’ll wrap it up with a discussion about what led to us to do these newsletters, which is both fun for us to recollect and bring forth.

This second newsletter is also on the Nevada side of the market only. We had our California licenses by then, and we published a separate newsletter focusing on South Lake Tahoe, CA at the same time.

Back then the median sold prices for all 2002 sales on the Nevada side of the market ended up being $496,320. It was $436,000 in 2001. (This does not include luxury lakefront properties and Glenbrook).

And here’s our opening summary in that second newsletter, which covered the Nevada side of South Lake Tahoe real estate activity from the first day to the last day of 2002.

(Remember… the following is what we wrote in the spring of 2003!)

Single Family Homes:

• Buyers remain most interested in the low and mid sectors of the market. 30% of all sales have been for homes under $400,000.  49% of all Buyers purchased a home under $500,000. 17.6 % of all Buyers purchased a home above $1,000,000.

Continue reading “Our Spring 2003 Lake Tahoe, NV Newsletter” on the Lake Tahoe Real Estate Blog.

Other posts in this series you may enjoy:

Feb 3, 2011: Our First South Lake Tahoe, CA Real Estate Update Newsletter (Spring 2003)
Feb 1, 2011: Our First Real Estate Update Newsletter (Sep 1999 – Sep 2002)