SUMMER IN TAHOE
Recently we’ve seen articles citing the “Great Reshuffling” focusing on the remote trend in the workforce and its effects on real estate markets, at a national level. The Council of Real Estate (CRE) released a report citing remote work as one of the largest causes of the current housing market’s limited supply and hot demand.
With a lack of supply, limited new builds, and hot demand, we expect the trends you’ve seen this past year to continue into summer 2021. The change we’ve seen this week is the rise in mortgage rates. Since April mortgage rates had remained historically low. Now, we are seeing rates crawling above 3% and economists suggest this is likely to continue.
What does this mean for your Tahoe summer real estate plans? We don’t expect significant changes in our predictions for the Tahoe and Truckee market this summer. We are still expecting high demand, lower inventory, and buyers prepared to make quick, strong offers.
Our first Truckee Thursday of the season is right around the corner and we look forward to coming together again as a community for this event.
Our downtown Truckee shop will be open and we encourage you and your families to stop by and see us for a cold beverage and some fun activities for the kids. Please mark your calendar for Thursday, July 15th and we hope to see you there.
NORTH LAKE TAHOE RETREAT
3615 LYNWOOD DRIVE
CARNELIAN BAY, CA
4 Beds | 3 Baths | 2,294 SqFt
Offered for $1,440,000
Welcome to your ultimate Tahoe Luxury Retreat! A tastefully remodeled home backing right up to the Tahoe National Forest. This bright getaway features stunning hard wood floors throughout, chef’s kitchen with state-of-the art appliances, and custom modern finishes. Enjoy the open living layout with dining and kitchen area and a stately rock fireplace. With 4 bedrooms, a separate master suite, a charming ‘sun room’, level driveway and a spacious 2 car garage this is the perfect family mountain haven.
62 ACRES OVERLOOKING DONNER LAKE
DONNER LAKE, TRUCKEE, CA
16400 DONNER PASS ROAD
Offered for $2,900,000
This build ready, one-of-a-kind, 62 acre piece of paradise is ideal for that dream family compound, or can be subdivided into three 20 acre home sites. It represents the only remaining residential estate property in Donner Summit Canyon. Nestled between Donner Lake and the world-renowned Donner Summit area, the property features fantastic views, and seasonal creeks and springs. The land on two sides of the property has been placed into a public trust, guaranteeing continued privacy.