As we move into the second quarter of real estate market activity in North Lake Tahoe and Truckee, sales and inventory are beginning to track to normal levels. Inventory is increasing, while home values are holding steady.
Read MoreThe 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.
Read MoreAs 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.
Read MoreOver 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%.
Read MoreMany 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.
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