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Home > 2020 Luxury Real Estate Market Continues To Grow

2020 Luxury Real Estate Market Continues To Grow

February 20, 2020 by Mark Salmon Leave a Comment

2020 is another big year for Luxury Real Estate in Lake Tahoe! Luxury Lake Tahoe Homes are properties priced in the top 25% of a price range. Over the past couple years, in most major markets in the U.S., higher priced properties didn’t get as much interest as starter homes as Millennials were the highest percentage of buyers. According to the Institute for Luxury Home Marketing, there seems to be a shift as the 4th quarter showed an upswing in the luxury market with momentum growing. Luxury Real Estate in Lake Tahoe is expected to see a lot of activity this year thanks to increasing wages, higher home equity, low interest rates and more inventory available. These factors combined drive a lot of buyer activity as there are so many people looking to move up. Additionally, when comparing to 2018, 2019 had more luxury home sales towards the end of the year as those who were in a holding pattern earlier felt confident about investing in a lavish home. 2020 is expected to continue with a strong economy making it a great time to explore buying Luxury Real Estate in Lake Tahoe. The unique thing about this type of real estate market is that the term “luxury” means different things to different people. For one buyer, it could mean a lakefront home with private pier and an expansive house with amenities like in home theatre, indoor pool and spacious guest house. For another it could mean a modern mountain lodge nestled on acreage at the base of a mountain. Whatever you are looking for, be sure to contact a Luxury Lake Tahoe Realtor as we specialize in this nuanced market. Want to upgrade this year? Give me a call. I would be happy to help!

Filed Under: Buyer Tips, Real Estate News

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What's going on in the market, going into the new What's going on in the market, going into the new year? And how does South Lake Tahoe navigate real estate under all this snow we have right now?! We had a great discussion on The Tahoe Real Estate Show for January. Check it out on YouTube! 

https://youtu.be/K7-LBZJNaWQ
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PENDING! This beautiful home is almost off the mar PENDING! This beautiful home is almost off the market. One of the best values in South Lake Tahoe right now.

Mark Salmon | Compass®
DRE# CA 01485376 | NV 0191477
What an incredible year it was. Despite a softer m What an incredible year it was. Despite a softer market, especially in the second half of the year, I finished 2022 with over $81 million in total volume.

I owe so much of my success to clients like you. They say a true friend says your name in a room full of important people - I'm thankful you all do that for me! Cheers to an even better 2023!

Mark Salmon | Compass®
DRE# CA 01485376 | NV 0191477
Turnkey & impeccably maintained, this home is read Turnkey & impeccably maintained, this home is ready for its next owners. With over 3,300 square feet, there is room for every one of your favorite people to stretch out, Tahoe-style.

📍: 1938 Osage Circle
💲: Asking Price: $1,398,000
Mark Salmon | Compass®

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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.