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Amid slow vaccine rollout, will retail real estate in Reno-Sparks see return to ‘normal’ by the summer?
Sales of retail properties across Northern Nevada lagged after the initial wave of state-mandated closures last spring since it was impossible to underwrite the rental income generated from cash-strapped tenants. Investors, however, have cautiously been dipping their toes back into the pond.
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Report: Tahoe-Truckee saw record home sales volume in 2020; luxury sales see major uptick
Home sales over $1 million saw massive gains across all markets, highlighted by South Lake Tahoe, which saw a 137% increase in those sales, from 49 in 2019 to 116 in 2020, per Sierra Sotheby’s.
