FALL IN TAHOE
More than 50% of homes in the past year have sold for over asking price in the United States, according to a recent publication by Forbes. We are now seeing areas known as “Zoom Towns,” referring to the accessibility of the remote workforce, pop up in pockets previously untouched across the country. In our Tahoe Truckee region, 95% of homes sold at or above the listing price, with days on the market still at an average of about two weeks.
This week, Truckee adopted a 45-day Short Term Rental (STR) Moratorium for new permits, holding even stricter constraints in Nevada County than those already issued in Placer County. With the new moratorium in place, we expect the real estate market to be impacted.
Nearly 65% of second homeowners in the area currently rent their homes on a short-term basis in order to off-set their mortgage and reduce their monthly costs. Many prospective second home buyers are basing affordability and financing approval qualifications on the potential rental income of the home. We could see adverse effects on the housing market related to this STR restriction.
To read more about the Short Term Rental impact in Nevada County, click here.
FEATURES
MOUNTAIN & GOLF VIEWS
13142 SNOWSHOE THOMPSON
LAHONTAN, TRUCKEE, CA
4 Beds | 4.5 Baths | 4,040 SqFt
Offered for $5,500,000
Life in Lahontan is simply the best in this new custom home. Designed for mostly single story living on a ¾ acre site with meadow, golf, and mountain views. The entry level has 3 bedrooms, all ensuite, office, open great room, kitchen, and dining ideal for gathering with family and friends. Large window walls draw your attention to the 2nd hole of the Par 3 course and the amazing outdoor entertaining patio with built-in BBQ, fire pit and planter wall. Upstairs is a guest bedroom, bath, den/office, and gym.
PEACEFUL TAHOE DONNER RETREAT
TAHOE DONNER, TRUCKEE, CA
16249 SKISLOPE WAY
5 Beds | 4.5 Baths | 4,256 SqFt
Offered for $2,389,000
Welcome home to your peaceful mountain haven. This custom built home with solar, is located on a gorgeous lush lot, offering the perfect full-time residence or getaway for your family and friends. With 4256 square feet the home is fully equipped with four bedrooms, four and a half bathrooms, two offices, two laundry areas, a separate living room with bar, a fitness room, a large three-car garage, two water heaters, and a three-way heating system.
MARKET GUIDE & FUN READS
FORBES: Will The Housing Market Cool Off This Fall?
“One of the peculiar outcrops of the pandemic is the housing climate.”
SILODROME: The Mighty Suzuki Jimmy, A Pint-Sized Japanese Off-Roader
“Rarely glimpsed and even fewer ever get sold.”
MENTAL FLOSS: A Hefty History Of Fat Bear Week
“Like March Madness for people who’d rather watch wildlife cams than sports.”
GQ: California’s Vanishing Hippie Utopias
“The last of the 60s rouge souls offer a glimpse at otherworldly residences.”
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