All across the United States, inventory in general is considered low. It is important to note that each market is different and features its own trends so getting the current information from a South Lake Tahoe Realtor is best. At the time this blog was published, South Lake Tahoe real estate has a month supply of 4.6. Anything less than 4 is considered a seller’s market, while a 6 month supply is considered balanced. With inventory being lower than what buyers would likely prefer, it is important to know as a seller what buyers are looking for. While one may think that low inventory would cause buyers to give up certain things in order to find their dream South Lake Tahoe home for sale, there are certain details that they aren’t willing to budge on. The National Association of Home Builders recently release their stats of what new homes are featuring, and which of those features are most coveted by those looking to purchase. According to that report, these are the two most important things.
Having a safe space to park your vehicle is a highly sought after feature for those looking at South Lake Tahoe homes for sale. Which makes sense as our region is known for heavy winters with some intense weather. Having an enclosed space for a vehicle to park out of the storm while providing additional storage is a big selling point. Don’t have a garage or additional coverage to add one on? Talk to your South Lake Tahoe Realtor about the value of adding a carport. Every neighborhood and home is different, so there may be features your South Lake Tahoe real estate has that will make up for the lack of enclosed parking.
It is no secret that having a private outdoor space is desired by most buyers looking at South Lake Tahoe homes for sale. With our region being known for its outdoorsy amenities, having a place to entertain, relax and soak up the mountain air at any time is a big selling point. The good news is that if your South Lake Tahoe real estate does not have a patio, these can be pretty easy and affordable to add. If space is a concern, they don’t need to be expansive. Once again, chat with your South Lake Tahoe Realtor on if this is something your property needs given other variables.
If you are thinking of selling your South Lake Tahoe real estate, chat with your local South Lake Tahoe Realtor and ask what you can do to get it ready for the market. Getting an idea of current values and finding out what your home is worth is a great starting point. For more information, feel free to give us a call. We would be happy to help!