Tahoe Real Estate Market Stabilizes - Forecast For Modest Appreciation
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The Lake Tahoe real estate market pushed toward equilibrium, creating balance with the sales volume and the median price. Highlights in the market include a 15% increase in the median price of lakefronts as well as a strong third quarter sales volume in Incline Village and Crystal Bay, Nevada.
Look for modest price appreciation for the next 18-24 months, as the Bay Area economy continues to deliver qualified buyers to the region. The threat of interest rate increases and global economy woes could soften price appreciation, but Tahoe remains the go-to four season playground of the Bay Area resident.
Bill Dietz sold 48 Moana Circle, a west shore Lakefront, in August 2015, for $7,300,000, representing both the seller and the buyer. Bill Dietz was involved in three of the eight Third Quarter Lakefront sales.
The detailed Q3 2015 Lake Tahoe Real Estate Market Report and previous quarterly reports are available for download.
Data Source: Tahoe Sierra MLS and Incline Village MLS