Lot sales in South Lake Tahoe have seen some tough times in 2007 and early 2008, but there has been a flurry of recent activity.
There have been ten lots that have gone into escrow in the last month. Five of the ten lots that have gone into escrow include allocations.
Two of the allocated lots are burn lots,1402 Mt. Diablo and 782 Lookout Point, located in the Angora fire area.
There were three lots that have closed escrow already in May.
One of those three was a burn lot on 1453 Mt. Olympia that sold for $175,000. This lot had plans and permits for a 2800 square foot home.
Lots with allocations were selling for about $70,000 more than lots without allocations in 2005 and 2006. Now that the wait for allocations in El Dorado County is about one year, lots with allocations are not as valuable as they once were. There was a lot sold at 1156 Lodi Street for $95,000 with an allocation!
There are still some great lot deals out there, and with the County allocation list so short, it is a great time to buy a lot even without an allocation!