Friends,

Isn't this market phenomenon fascinating? I think so, too.

That's why our team is taking a different approach to the newsletter this round. Hope Huber here, Amie's Marketing Coordinator, and this week I decided to conduct a brief 'inside scoop' style interview with the infamous Amie Quirarte of Tahoe Luxury Properties.

Few people have their finger on the pulse of the Lake Tahoe area real estate market surge quite like Amie and her colleagues. For that reason, who better to share their perspective on what in the world things have actually been like these past few months?

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Q: Amie, how has this late fall market season felt different to you compared to the years past? 

A: Tahoe has always been a destination for most of the Bay Area and Sacramento, but it seems as though the flurry of recent real estate activity has now put us on the map across the state. We've seen more buyers from Southern California, both coastal areas and farmlands, than ever before. 

As far as the market itself goes, we have seen an upheaval in the way offers are being submitted and ultimately, how transactions function. Being that the Bay Area has always been our primary feeder market, we have held on to the belief that we would eventually feel the same intense market dynamics. We have been on a slow trajectory of their market, albeit this year, it hit us like a tidal wave. I wrote more non-contingent, cash offers this summer than I have in my entire career. Historically, listing agents in Tahoe have built a small amount of cushion into the initial pricing structure with the understanding that properties typically sell between 94-97% of their original asking price. However, this year we witnessed properties selling for multiples hundreds of thousands higher than their original asking.

Q: How would you describe some of the most significant challenges you've faced throughout this period?

A: Despite having access to the data [demonstrating the extreme market surge] and being immersed in it every day, it did at times feel as though we were living in the wild west. 

Q: What has excited you most about this wave of business and what do you predict may happen within the next year?

A: The great thing about more people coming to Tahoe is the innovative ideas and creativity that they bring with them. We all have so much to learn from one another and having an outsider's perspective can be very beneficial and useful in many ways. I'm hopeful that with this new wave of both full and part-time residents, we will see new local companies, startups, and hey, maybe even some food delivery! 
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Thanks for your candor, Amie. We are so thrilled to be able to continue to inform our community of real estate professionals, individuals, and prospective market players with our monthly newsletter. We hope you enjoyed the fresh perspective!

Read on for more news and insights.

Sincere Regards,

Hope Huber

Marketing Coordinator
Amie Q. with Tahoe Luxury Properties
The market continues to surprise us, and here is why:

  • High summer sales and competition continues throughout the fall season
  • Record sales continue in vacation home destinations across the country
  • The Tahoe area continues to see multitudes of all-cash bids and buyers waiving contingencies


1100 Lakeshore Blvd,
Incline Village NV

  • In escrow for $5,250,000 
  • In escrow before even hitting the market, we are excited to represent the sellers of this beautiful home on Lakeshore Boulevard in Incline Village
  • View photo gallery and virtual tour here.

  • "The North Lake Tahoe Resort Association / Chamber of Commerce (NLTRA) is leading an effort to form a Tourism Business Improvement District (TBID) for the North Lake Tahoe region. The formation of a TBID will provide resources to improve our local business communities." Read more.
  • The first snow fall of the season has already graced us, and oh, how beautiful it was!
  • Keep an eye on the snow forecast here, from Open Snow.
  • Read up on winter preparedness tips from the Town of Truckee.
  • Prepare your ski gear, the season is coming...

Amie Q. team is pleased to offer a complimentary market analysis of your home. There are no strings attached. Feel welcome to contact us regarding this offer!
Thank you for reading!

If you or someone you know is looking to buy or sell in the Lake Tahoe area, we are happy to help. We appreciate your referrals.


Sincerely,

The Amie Q. Team
Featured photo by Photo from https://scottshotsphoto.photoshelter.com/
CA DRE Lic #01949978 | NV Red Lic S.0178377
Amie Quirarte with Tahoe Luxury Properties 1.650.290.3008