|
|
Our high velocity market is still characterized by limited standing inventory, and strong demand.
However, there has been a slight shift in the type of sellers entering the market. In the last year sellers have had multiple motivations for selling including shifts in utilization, up or down sizing and of course the attraction of selling in a strong seller’s market. Recently It appears that the majority of sellers are selling because they see the financial opportunity. Therefore, some have overreached with their aspirational pricing. Buyers are pushing back on these prices and we're seeing more properties staying on the market and consequently more price reductions. We are also experiencing fewer purchases on properties sight-unseen, as buyers conduct more due diligence and price analysis before submitting offers. This minor shift in seller motivation and the thoughtful approach by buyers could be a lead indicator of a more balanced market.
As uncertainty continues around Covid, travel restrictions, short-term rental restrictions, etc. the main driver for buying in Tahoe is control. Most people buying in Tahoe today are buying because they want to control their ability to be able to escape to Tahoe for vacations. As short-term rental options become more limited and more vacationers are coming to Tahoe, people are discovering the challenges with and the lack of guarantee in finding a place to rent in Tahoe. Therefore, the only way to guarantee they can come to Tahoe is to own in Tahoe. Ownership is their passport to vacation in Tahoe. We don’t expect this to change, which means the demand for ownership in Tahoe will continue for the foreseeable future.
We hope this is helpful. We are experts in the second home luxury market of north Lake Tahoe and look forward to the opportunity to help you buy or sell your property. Thank you for your continued confidence, support, business, and friendship. We are honored to work with you while living in this magical place we call home.
</table)
 |
9121 Heartwood Drive
Designed for ease and aesthetics, this open-concept floor plan feels light and airy, large picture windows capture stunning views of Northstar and the golf course at Schaffer's Mill.
|
|
Coming Soon
425 Kimberly Drive
Fresh and updated, this Tahoe City home has been extensively remodeled with a new kitchen, bathrooms, flooring, paint and the addition of new decks.
|
 |
 |
Price Reduced
1370 Sequoia Ave
Located on a quiet tree-lined street in Tahoe City's most sought after neighborhood, this lakeview home is a short walk to the beach, bike trail, hiking trails, the Farmers Market, and the amenities of downtown Tahoe City.
|
Please join us in celebrating the opening of our brand new office located at The Rock in Truckee. Enjoy appetizers, libations and tour this modern, eco-friendly space designed by award-winning MWA Architecture and built by GLA Morris Construction.
August 17th | 4 - 6 PM
11177 Brockway Road, Truckee
|
