If you have been browsing online real estate marketplaces, looking at Lake Tahoe real estate, you have probably seen the minimal amount of listings in the basin. Due to the COVID-19 pandemic we are all facing, people have been relocating to more desirable areas - leaving the urban lifestyle behind. And, while we are seeing this trend nation wide, Lake Tahoe has become one of the leading markets impacted by the mass exodus from surrounding city environments.
Not to mention, with remote work and distance learning becoming the new norm, second homes have now become primary residences - reducing rental inventory as well. Needless to say, as much as it has been an amazing time for sellers, it has become an extremely tough environment for potential buyers and renters.
Home that normally wouldn’t sell for at least 9-12 months, due to design or other specs, are now selling in 30 days! No only that but, most homes are getting multiple offers over asking price and being paid in cash! This why it is essential to work with a local agent who is not only extremely knowledgable but, also willing to go the extra mile and move with urgency.
This past week, our owner and CEO Sabrina Belleci, sat down with the Tahoe Daily Tribune to discuss what we are seeing and the potentially grim outlook for Lake Tahoe real estate as we move into 2021. To read the full article and get the latest inside scoop, click below.