Largo, MD -- (SBWIRE) -- 01/07/2014 -- Another sign of the strength of the Lake Tahoe/Reno luxury home market is the recent record sale recorded by Jamison Blair of Team Blair Tahoe Real Estate Group in Martis Camp. Blair was able to get a record price for the Martis Camp property on December 6, 2013 when the home sold for $6,850,000. The Martis Camp property is a stunning 6,211 square foot, six-bedroom home that sits on just over two acres.
The record sale is yet another example of the strong luxury home market that Blair and others in the local real estate industry have been experiencing as of late. The robust market is a welcome change after several years of rebuilding following the financial collapse and housing market crash of 2008-2009.
Sales in the Tahoe area are being driven by luxury homes in developments like Martis Camp. "The market for high end homes in Truckee has been getting stronger and stronger because of continuing sales in the big 3 golf course communities, Martis Camp, Schaffer's Mill and Lahontan,” according to Blair. ”Martis Camp offers the best of the best when it comes to the overall family experience. With all of the amazing amenities, it's no wonder they have been able to demand the highest price per square foot in the Tahoe area."
Team Blair is well positioned to take advantage of the expanding market for luxury homes. Recent reports indicate that wealthy individuals are once again in the market for their dream home and the Tahoe area is one of the first places they look. Team Blair has experienced this growing trend first hand with record sales on Sunnyside Lane (West Shore) in late 2012. Overall there have been 8 sales over $6,000,000 in the Lake Tahoe Area. Most recent notable sales include a pending Rubicon Bay home built by Julia Morgan that is asking $17,000,000 and, after seven years on the market, former Tommy Hilfiger CEO and co-founder Joel Horowitz has sold his stunning Lake Tahoe estate for $48 million.
"Once we start seeing more confidence in the higher end homes, buyers start becoming more serious, and competition becomes more fierce." Blair says "We are seeing lower inventory, and often times we are seeing multiple offers on quality properties.”
Blair and his team are the leading real estate experts in the area and the record-breaking sale at Martis Camp is yet another example of their expertise in knowing the market and getting the best possible property for their clients. The agency has been serving buyers and sellers in Tahoe since 1982 and the family-owned business is well respected in the local business community. Founded by Gayle Blair, the agency has grown to a team of real estate professionals who understand Lake Tahoe like no other.
To learn more about Team Blair Tahoe Real Estate Group visit the firm’s website at www.TeamBlairTahoe.com or call 800.218.7717 to speak with a representative at the agency. Team Blair Tahoe Real Estate also has a presence on Facebook, Twitter, LinkedIn and YouTube.
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