Nick Wemyss saw firsthand how the Covid-19 pandemic fundamentally reshaped the luxury housing market.Wemyss, a real estate consultant and Realtor at Berkshire Hathaway affiliate Intero Real Estate Services, watched as the rise of remote work freed people to relocate from his home base in Los Altos, California — where home prices on average top $4.7 million — to surrounding cities and counties. Those relocations drove up home prices in places like Reno, Nevada, and around Lake Tahoe.It was a pattern that was replicated in markets across the country.“This isn’t just growth. It’s a complete redesign of where wealth lives,” Wemyss said. “While traditional luxury markets like Silicon Valley, Manhattan and Los Angeles maintained their status, new luxury areas have emerged.”In the fourth quarter of 2019, just 32 ZIP codes across the country posted an average home-sale price …
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