LAKE TAHOE, Calif. (KRON) – The housing market in Lake Tahoe has been booming since the pandemic began.
People who were asked to work from home began buying houses and even moving to Tahoe permanently but more than a year later, the market still shows no signs of slowing down.
“People came up here to get out of the city and stretch their legs and play and get out of the indoors,” Breck Overall said.
Breck Overall is a real estate agent for Sierra Sotheby’s International Realty.
He says that over the last year, home prices around Lake Tahoe have gone up by 20 to 90 percent depending on the area.
Truckee, for example, has seen some of the highest increases. There are very few homes left on the market and high demand for the ones that become available.
Overall says that buyers trying to get into the market now need to be prepared for a challenge
“We are telling them you have to be prepared. It’s a high…