The third quarter is now a wrap and I am finally finding the time to sit down and write market updates again! What a crazy summer at Lake Tahoe in real estate as both buyers and sellers expressed urgency to buy and sell. The region continues to display a steady upswing, especially in the luxury market above 1M where 20% of the sales volume closed in July/August/September represented properties that were priced over this mark.
The 3rd Quarter jump start began with some desperately needed inventory added to our market in May 2014. We saw as many as several hundred new listings just before Memorial Weekend! This created quite a frenzy moving into July for buyers. Homes in the region that were fairly priced attracted the most interest from buyers, while overpriced homes lingered on the market for 60 to 90 days or longer without an offer.[/vc_column_text][/vc_column][/vc_row][vc_row][vc_column width=”1/1″][vc_button title=”Read More” target=”_blank” color=”wpb_button” icon=”none” size=”wpb_regularsize” href=”http://eepurl.com/6Rj9T”][/vc_column][/vc_row]