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Our real estate market seems to still be very robust despite all the smoke from many California fires. Hopefully the coming rains and snow will eventually help to dampen our very dry conditions here at the lake. Keep your fingers crossed and hope for some good winter snow so our ski areas see a strong demand for their winter visitors.
As of last week we had 58 Houses, 18 Condos, and 9 PUDs for sale. Year to date, 183 Houses, 169 Condos, and 59 PUDs have sold. Since the beginning of 2020 prices have risen steadily and inventory has gone down. Prices ranged from $445,000 to $6.200,000. As we approach the winter months inventory will decline further.
Will the continuing pandemic create a different market dynamic? Will owners want to sell? Will buyers want to buy? Only time will tell as we search for a vaccine and a return to our lives as it once was.