Lake Tahoe Ski Towns Rank High for Residential Investment Potential
Two Lake Tahoe California locations rank among the 19 best U.S. ski towns for home investors including Truckee and South Lake Tahoe, according to a recent article in latimes.com.
Truckee, Calif. placed third but came to a very close tie for second place with Vail, Colorado. Truckee is located in close proximity to multiple world-class ski resorts, including Northstar California and Squaw Valley USA. Historic Downtown Truckee offers numerous options for fine dining, shopping, outdoor activities, and more.
12822 Lookout Circle located in Truckee is listed at $2,999,000.
South Lake Tahoe sits on the border of California and Nevada near Heavenly Ski Resort and ranks 13 out of 19 for ski town residential investment potential. The Nevada side of South Lake Tahoe offers exciting attractions including gambling, night clubs, and concerts while the California side offers a close drive to scenic Emerald Bay.
416 Quaking Aspen, a condominium located across from Heavenly Ski Resort listed at $399,000.
Online housing marketplace RealtyTrac derived investment criteria from communities of 2,500 residents or more with at least one ski mountain in the top 50 list compiled by Zrankings. Then vacancy rates, foreclosures, home values, and other real estate data were factored. Also taken into consideration were categories such as access to the nearest airport and ‘Pure Awesomeness Factor’. For more information on RealtyTrac methodology, visit realtytrac.com/ski.
The median home price is highest in Truckee at $379,492 and the South Lake Tahoe median price is $321,713.
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