LUXURY MARKET REPORT | LAKE TAHOE, NV
The report is a guide to the luxury real estate market in North America. It provides an overall analysis with trends and highlights comparative data on the top-residential markets throughout Canada and the United States. This month's report displays the market statistics for North America month over month as well as the 13-month trend. We also take an in-depth look into our local Lake Tahoe market.
ANOTHER BUYING FRENZY?
The luxury real estate market is currently facing some interesting challenges as buyers and sellers hesitate in home purchase decisions. Let's seek to unravel some of the contradictions and address what is influencing the current spending habits of the affluent.
While we acknowledge that the affluent are taking a more considered approach in their choices, and it is very unlikely we will see the frenzy of last year’s buying occur in our lifetime, there is still a strong belief that the luxury market will continue to remain robust.
If the affluent perceive real estate as a safe investment option, and there has never been more liquidity on the buyers’ side for quality homes then why are we seeing a decline in home sales?