The real estate market is soaring throughout Lake Tahoe’s Nevada and California markets as well as the Reno/Sparks region in Nevada. Unlike any other year on record, Chase International, based here in the Lake Tahoe and region region, experienced record home sales and record home prices, according to its Q3 Report.
Here’s what their recent press release noted about their success which mirrors other stories throughout our news sources in the region.
“We are experiencing an unprecedented time in the real estate business,” said Julie Kozich, real estate officer for Chase International. “The numbers confirm the interest that our buyers are fleeing the city life and settling into the High Sierra and surrounding region for a healthier and more peaceful lifestyle.”
The figures are part of a quarterly Report released by Lake-Tahoe-based real estate agency, Chase International, that has just documented skyrocketing statistics. The data compares all MLS homes sales from January 1, 2020 through September 30, 2020 to the same timeframe in 2019.
Among the most impressive numbers are those that were documented from the Nevada side of the Sierra.
Kozich noted the 123% increase in volume on Lake Tahoe’s East Shore with total home volume hitting an all-time high at $294,699,629 in Q3 2020. On Lake Tahoe’s North Shore, Incline Village recorded an 82% increase in total single home volume with the average listing price increasing 24%.
Our architecture firm in Lake Tahoe and Carson City is experiencing a similar pace with new homeowners purchasing land to build their new home in Nevada. Althought lots are literally no longer available in Incline Village, many of the old homes have hit the market and are now being torn down to make room for a new home in our tax friendly state.
Just over the hill, the very popular and prestigious Clear Creek Tahoe golf and ski resort development is seeing the same interest. In fact, we have several homes in the design phase right now.
If you have always thought about moving to enjoy a more peaceful lifestyle (and remember our tax friendly assets), feel free to reach out to Borelli Architecture. We are at the pulse of land and home sales in Nevada and Lake Tahoe and ready to share our advice with you.
James P. Borelli
Lake Tahoe / Truckee