It’s a buyers market at Lake Tahoe and Truckee, as leftover summer inventory is going to be high and sellers should be very motivated to get into an escrow before winter snowfall sets in.
LAKE TAHOE, Calif. (PRWEB) August 22, 2019
“It’s a buyers market at Lake Tahoe and Truckee, as leftover summer inventory is going to be high and sellers should be very motivated to get into an escrow before winter snowfall sets in,” said Johnson, who has over 18 years of experience in real estate in the Lake Tahoe/Truckee markets and has sold homes in every neighborhood in the Tahoe Sierras. “Savvy investors do not want to miss out on the many dream vacation homes now available.”
According to Johnson, vacation and second homes are much better investments than stock, as one can touch, feel, use and enjoy them. These homes make ideal income-producing vacation rental properties, so when you are back at home at your primary residence, your earning rental income about 65% of the time or more. There are currently no restrictions to renting your own property in most areas of North Lake Tahoe and Truckee. A lot more fun than other places to park investment funds.
“Vacation homes can also enhance the quality of your life and are ideal for creating lifetime memories with your loved ones, which are priceless, meanwhile earning equity on average in a healthy economy between 3-5% per year,” noted Johnson. “Some families have had their second homes for many generations. The gift that just keeps giving.”
Mid-year market statistics indicate that the median price for a single family Tahoe City home, for example, is $728,975, and that there are 82 units available for under $1 million. In Truckee, the median price for a single family home is $765,000, and there are 189 units available for under $1 million.
Contact Laurie today to start turning your dreams into reality, or if you are wondering how the market has impacted your Lake Tahoe property. Laurie has the most recent data and offers a free instant evaluation. Meet Laurie and get started by visiting http://northlaketahoeproperty.com/.
About Laurie Johnson, Chase International Real Estate
Laurie Johnson works to help buyers discover which property is right for them and with sellers who hold fond memories in this very special place. Luxury second homes and vacation properties are her specialty. She is a trained certified negotiator and seasoned area real estate expert. For more information, please call (530) 214-6085, or on Facebook at Lake Tahoe and Truckee Real Estate.
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