The luxury real estate market in Lake Tahoe continues to outpace other segments. While lakefront and luxury sales are generally unaffected by changing mortgage rates, sales follow the stock market.
Over the last 2 weeks, 33 properties sold in the North Lake Tahoe and Truckee area. While we may see an influx of listings during the summer, which may stall the market, sales are still commanding sale to list prices over 92%.
With snowfall at 200% of normal at Lake Tahoe and the December inflation report coming in lower for the sixth straight month, we have alot to be excited about.
Economists from many sectors are not expecting a drop in home values as the mortgage market is reset to a new normal.
With interest rates lower for the 4th consecutive week and more homes to choose from, there are opportunities available for buyers that may not be available in 2023.