Demand for Tahoe Real Estate Spikes as Area Reopens
Here in North Lake Tahoe, we’re seeing a revitalization of the area unlike anything we’ve seen in decades. Tahoe has always been a popular tourist destination, a place where people come to vacation and get away. Now, it’s becoming a place where people can see themselves living year-round or for extended periods of time. With more and more people working remote due to COVID-19, with schools gone virtual, and with people fleeing densely populated cities for a slower pace of life in the mountains, Tahoe is the perfect place to get away from it all.
At Ormsby Real Estate, we grew up in Tahoe and have spent over 20 years as a local, family-owned brokerage in North Lake Tahoe. So, we know as well as anyone what a great place North Lake Tahoe is to call home and to raise a family. The area is slowly starting to reopen after the COVID-19 shutdown and the real estate market is reflecting that.
Now is a great time to sell a home in Tahoe. Motivated sellers are in luck right now. Homes are flying off the market within days of being listed—the number of days on the market has taken a major dip since last year. Select homes are also going for prices well above listing price. Neighborhoods like Tahoe Park and Dollar Point are seeing more home sales now than ever in years past. If you’re considering selling your Tahoe home, we’re here to answer any questions you have about the value of your home, the current market in your area, and what to expect when listing and showing a home in this current climate.
It’s also a great time to buy a home in North Lake Tahoe. Sure, you can’t wait around on the perfect home anymore, as it’ll get snatched up quicker than usual, but why wait when you can start investing in your future life by the lake now? Besides, prices are likely to keep going up, so now is a great time to get in while you can. If you’re considering permanently or partially relocating to Tahoe, we’re happy to answer any questions about the community and quality of life here, as well as any concerns or questions you may have about the protocol around seeing and touring homes during this time.
Just give us a call.