SUMMER IN TAHOE
Recently OJO Labs, a home tech startup that assists both buyers and sellers, hinted at possible improvements in the inventory shortage. While homes are still selling above asking, the percentage above asking dropped nominally in July 2021. What this means, according to the startup, is potential relief for buyers and a slight cooling off of bidding wars. In the short term, the supply shortage will continue to put upward pressure on new listings. Long term, predictions show potential new policies and legislature put in place to assist first time homebuyers and increase housing affordability outside of the luxury market.
How does that impact the current housing market in Tahoe? We haven’t seen the effects of these predictions just yet, though we are seeing higher days on market for higher end listings. We are expecting the constrained inventory and heightened demand to continue. A settling of the market in the next few weeks or months remains uncertain as we wait to see whether families move back to their primary residences or remain permanent fixtures within the area.
FEATURES
STUNNING GOLF RETREAT
11598 HENNESS ROAD
GRAY’S CROSSING, TRUCKEE, CA
4 Beds | 3.5 Baths | 3,027 SqFt
Offered for $2,425,000
This awe-inspiring custom home boasts state-of-the-art materials including a complete home automation system for ease of distance control. Single story, this home includes gorgeous stonework inside & out, efficient 5-zone hydronic heat, two beautiful folding doors open to a private outdoor area looking onto the fully landscaped property and golf course. The gourmet kitchen features Wolf, Subzero & Asko appliances. Two gorgeous master wings allow for privacy; making this a state-of-the-art, luxury retreat.
SCHAFFER’S TURN KEY HOME
SCHAFFER’S MILL, TRUCKEE, CA
9106 HEARTWOOD DRIVE
3 Beds | 3.5 Baths | 2,299 SqFt
Offered for $1,899,000
Gorgeous turnkey mountain retreat in the exclusive Shaffer’s Mill community! This stunning 3 bedroom, 3.5 bath townhome features a spacious open floor plan throughout and a beautiful terrace with an outdoor fire pit. The main floor consists of an open concept chef’s kitchen and living area, perfect for entertaining friends and family. Schaffer’s Mill private community offers many amenities including an award-winning Golf Course, a dedicated Northstar shuttle & ski lounge, private on-site dining & more!
Leave a Reply