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Home > What Luxury Buyers Really Want

What Luxury Buyers Really Want

March 7, 2020 by Mark Salmon Leave a Comment

When it comes to listing luxury Lake Tahoe real estate, lots of homeowners think size and over the top, complicated details matter. And while buyers do like space to spread out with various living spaces available for entertaining, square footage has been traded in for other amenities. Millennial buyers are focusing more on convenience and good locations while Baby Boomers are looking to downsize. With 32% of consumers stating that large homes are no longer as desirable as they used to be, sellers may be wondering what it is luxury buyers are looking for. If you are listing your luxury Lake Tahoe real estate this year, Forbes recently provided some valuable insight on what buyers want.

Most affluent buyers are interested in moving into new, modern spaces that need little to no additional work or remodeling. Which means that fixer upper with beautiful views and great potential may not be the first choice. Instead, luxury buyers are interested in brand new open spaces instead of outdated features and designs. Additional features of interest are multifunctional spaces and smart homes with streamlined features making living easy, energy efficient and are personally curated to each buyer’s lifestyle. In the past, luxury meant formal, fancy and expansive while it now prioritizes functionality, flexibility, incorporating environmental surroundings and personal wellness.  

So what does this mean for seller’s listing luxury Lake Tahoe real estate that may not have the above features in their home? It means you will need to price competitively and stay flexible as the market changes and buyer interest shifts. While the previously mentioned features are popular, there are still buyers who want that vacation home with lots of square footage for visiting friends and family or to house large groups as a vacation rental. You can also work closely with your Lake Tahoe Realtor on how to prepare your home for the market. This could mean making a few small changes or doing some upgrades to fetch top dollar. If you are thinking of listing real estate in Lake Tahoe, feel free to call me. I would be happy to walk through your property with you and give tips as well as provide a complimentary market analysis.

Filed Under: Real Estate News, Seller Tips

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185 Clubhouse Circle has SOLD! Loved working with 185 Clubhouse Circle has SOLD! Loved working with the sellers to list this Lake Village townhome with tons of classic Tahoe character and charm. 

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Ryan Smith will be hosting an open house at 439 Al Ryan Smith will be hosting an open house at 439 Ala Wai Blvd, Unit 152 tomorrow, September 24th from 10a-1p. A premier location, this townhome offers incredibly quick access to the lake, a straight shot into your boat slip, and an exceptional view corridor. Enjoy alpenglow sunsets over distant Heavenly Ski Resort from your lower deck or upper covered balcony that’s off the primary suite. The front door is positioned directly across from a park area and tennis courts and you’re a short walk to the indoor or outdoor pool and homeowner’s private beach. The interior has preserved some classic Tahoe charm with open beam, tongue and groove pine ceilings, and a freestanding gas fireplace. The kitchen has updated cabinetry and flooring with a large peninsula island. All 3 bedrooms are generous in size and are accompanied by 3 full bathrooms. This unit sells fully furnished! bit.ly/47kPI4j

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1847 Hekpa is now offered at $325,000! An incompar 1847 Hekpa is now offered at $325,000! An incomparable opportunity to secure one of the few remaining parcels, over 1 acre, left in the entire Tahoe Basin. The lot backs to miles of National Forest land that provides instant access to a myriad of hiking & biking trails, Trout & Saxon Creeks, and winter snowmobiling options. The property is surveyed and has had a full TRPA site assessment showing 6,514 sq ft of available coverage with an 823 IPES score that allows for a variety of coverage exemptions. The seller is a tenured local builder, who has plans designed for a 5,000-sf custom home with extensive decks to take in elevated mountain views and incredible alpenglow sunsets. Build-to-suit options are available for the current project or plans could be revised to fit the buyer's specific needs, including possibilities for secondary dwellings, an ADU, or an oversized garage.  Seller could offer a package deal with improved pricing for either the lot or the build out if a contract was signed for him to build the house for the buyer. 

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3281 Panorama has SOLD! Thoughtfully crafted to ca 3281 Panorama has SOLD! Thoughtfully crafted to capture a timeless mountain atmosphere, this exceptional home features finishes deserving of a luxury retreat. Nestled in peaceful Christmas Valley, the home is bordered by two scenic ridgelines and allowed for seamless entertaining both inside and out. Congrats to my sellers. It was such a pleasure listing this home! Sold for $1,200,000. 

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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.