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Home > 2020 Luxury Real Estate Forecast

2020 Luxury Real Estate Forecast

January 10, 2020 by Mark Salmon Leave a Comment

If you are thinking of buying or selling Lake Tahoe luxury real estate in 2020, there are few key things to know about the next 12 months that experts are forecasting. The end of 2019 saw a lot of homeowners realizing they had more equity while wages increased, and mortgage rates stayed low. This created the perfect space for homeowners to move on up into a bigger, more luxurious home. Will that continue in 2020? Let’s take a look at the facts.

Pricing

The United States economy is strong which creates more buying opportunities in the Lake Tahoe luxury real estate market. While inventory for starter and mid range homes for sale in Lake Tahoe may be lower in comparison, luxury homes for sale in Lake Tahoe are considered to be in a buyer’s market. In a nutshell, if you have a higher spending limit, there are more options to choose from.

Market Activity

With more luxury homes for sale in Lake Tahoe available, more affluent buyers come out to purchase which increases market activity. Additionally, there are a lot of Bay Area buyers who have the ability to work remotely. With the cost of living so high in the Bay Area, buyers are realizing that they get more bang for their buck with luxury homes for sale in Lake Tahoe compared to what they can get living in or near San Francisco.

Return Buyers

In most scenarios, sellers are also buyers, especially those looking to buy Lake Tahoe luxury real estate. If they are listing their property and have gained more equity, they can pair that with their great purchasing power and buy a bigger, more luxurious home.  

Whether you are new to the luxury real estate market or you have been living in a higher priced home for a long time, 2020 is a great year for buying Lake Tahoe luxury real estate. For more information on our market, feel free to contact me. I would be happy to help!

Filed Under: Market Reports, Real Estate News

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802 Lassen is the perfect place for you to finish 802 Lassen is the perfect place for you to finish out this epic summer in Lake Tahoe! This 4,111 square foot home backs up to a sailing lagoon, plus has Tahoe Keys amenities and a slip! This exceptional property just had a price improvement - DM me to view your new South Lake landing spot. 

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This stunning property adjoins acres of open space This stunning property adjoins acres of open space and a sailing lagoon to create a tranquil setting while incorporating Tahoe Keys amenities and a boat slip in the Beach & Harbor. Over 2,500 square-feet of multi-level decks include a rooftop terrace with fire pit, a perfect Apres-ski locale to take in stunning views of Job's Peak. 

📍: 802 Lassen Drive
💲: $2,495,000
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DRE# CA 01485376 | NV 0191477
Recently reduced! This beloved family home borders Recently reduced! This beloved family home borders miles of National Forest, with lushly landscaped grounds & hardscaping. Dine al fresco or take in a sunset in the hot tub. This home exudes class!

📍: 584 Shoshone Street
💲: $1,498,000
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Adding to the privacy and attraction of this tranq Adding to the privacy and attraction of this tranquil street, there is a Conservancy owned lot to the rear and you're within walking distance to the National Forest and a myriad of good hiking trails.

📍: 3087 Jacarillo Trail
💲: $1,548,000
Mark Salmon | Compass®
DRE# CA 01485376 | NV 0191477

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2028 Lake Tahoe Blvd.
So Lake Tahoe, CA 96150

Mark Salmon

Lake Tahoe REALTOR®
(530) 318-7637 Cell
DRE# 01485376
mark.salmon@compass.com

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Compass is a real estate broker licensed by the State of California and abides by Equal Housing Opportunity laws. License Number 01991628. All material presented herein is intended for informational purposes only and is compiled from sources deemed reliable but has not been verified. Changes in price, condition, sale or withdrawal may be made without notice. No statement is made as to the accuracy of any description. All measurements and square footage are approximate. If your property is currently listed for sale this is not a solicitation.