The Seller’s market in Lake Tahoe and Truckee looks to be softening as a flood of new property listings continue to come on the market. and prices continue stabilizing. Due to the increasing inventory creating market stabilization many prices need adjusting to account for supply and demand. The fury of the spring selling season has given way to the strongest seasonal market of summer, however, the upward trajectory of values may be slowing down.
What does that mean for you…?
Potential sellers on the fence about selling can get prime positioning in the summer selling season. A fresh listing that is properly priced will command the attention of buyers against the competing, older, even over-priced listing inventory.
Buyers have more leverage to negotiate price on a home that has been listed for a long period of time in a downward adjusting market. Perhaps the prices weren’t adjusted in a timely manner and a good home gets overlooked due to price.
Although location, location, location is the real estate mantra, timing can be everything! Call today for an honest evaluation of your current home value or sign up for Lake Tahoe and Truckee real estate listings delivered to your inbox.
So Grateful to close this off-market deal in a sweet neighborhood – representing the Seller and Buyer. Somewhat of a long strange transaction, but, patience and persistence paid off! I’m really excited for my clients dream of building in Tahoe… so cool.