Lake Tahoe Q3 Market Report 2023

The Lake Tahoe real estate market continues to show strong sales activity. The number of sales compared to available listings reveals how low inventory is not meeting demand.

Summer Lakefront Market Report | Lake Tahoe

As we move into mid-summer in Lake Tahoe, it is exciting to see so many lakefront properties come onto the market in Lake Tahoe. New listings range in prices of $35 million for a 6 bedroom, 5 bath estate in Meeks Bay to a $7.5 million listing in the much sought-after Brockway Hot Springs.

March 2023 Lake Tahoe Real Estate Market Report

Over the last 2 weeks, 33 properties sold in the North Lake Tahoe and Truckee area. While we may see an influx of listings during the summer, which may stall the market, sales are still commanding sale to list prices over 92%.

Lake Tahoe Mortgage Outlook

Many buyers are growing more comfortable with a 6% interest rate. If we look back over the last few decades, the average interest rate is at 7%. Many see an opportunity where others are waiting for rates to come down.

Lake Tahoe 2021 Luxury Market Report

The Chase International Luxury Market Report for Lake Tahoe in 2021 shows how the ‘great migration’ has continued to reduce inventory, while driving up home values. We’ve seen similar cycles at Lake Tahoe where the lack of inventory makes affordability a factor in slowing a hot market.

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