Don’t-miss properties for 4th of July:
Now that summer is full swing with 4th of July around the corner, the North Tahoe real estate market is expected to heat up.
We really didn’t have a winter to speak of so there have been some really great properties just sitting and waiting for buyers to come take a look. That being said, some sellers are getting antsy having had little or no activity on their properties in the past 6 months, and we will see a lot of significant reductions in the next week. They want to refresh their listings and show movement to attract attention to their properties during this time where so many people are expected to be in town.
Even if you like a property that has not been recently reduced, don’t despair. There is another line of thought out there: Sellers don’t want to negotiate against themselves through an unwarranted reduction. Meaning if the buyers simply have not been here to see the property (as has been the case this year), there may not be a price objection. It is more an issue of buyers just not being in town to property shop. By keeping their prices higher and waiting for an actual offer, the seller can leave themselves more room to negotiate when the “real deal” comes along.
As the summer progresses we will expect to see more incremental reductions across the board from motivated sellers. They may not want to hold their properties through another winter and will be ready to make a deal!
So if you are in the market, now is the time to start really keeping an eye on the properties/communities where you want to be. The deals are there, waiting for the right buyers and a lot of these sellers are ready to talk.
Here are some big reductions on fantastic properties that have/will post this week:
13121 Lookout Loop
$200K reduction to $2,599,000
5001 Northstar Drive
Great Bear Lodge #201
$200K reduction to $1,999,000
Other “don’t miss” opportunities waiting for buyers now:
14049 Trailside Loop
Spacious 4 BR/4.5 BA 3500 sf exquisite on mountain retreat. Hiking, skiing, biking right out your door and just steps to the Ritz-Carlton. Competitively priced at $2,249,000.
7001 Northstar Drive #307
One of the larger 2 BR condominium residences with 2 masters (ensuite baths) and an extra ½ bath. Views of the slopes and Big Springs gondola off your balcony. Designer furniture package, a very desirable residence!
8208 Valhalla Drive, Lot 185 Martis Camp
Just recently reduced, this site is located at the end of the practice area in a sought-after and established neighborhood within Martis Camp. Level, views of Northstar and very bright southern orientation.