As the height of summer market activity winds down, we evaluate the first three quarters of real estate activity and assess 2017 market trends. The dip in supply of inventory caused the median price to rise and sales volume to drop in all major segments of the Tahoe market. In all markets, the median price continued its rise since 2015, nearing, but not yet reaching the high-water mark of 2006.
It was a gorgeous day to showcase this impressive Tahoe west shore lakefront estate and highlight the rich history of this 6.2 acre property.
The Wall Street Journal today featured the new Tahoe Luxury Properties lakefront listing, the iconic Brushwood Estate. Read the article here:
It is the summer of luxury listings! With a full lake and strong demand, we have seen an influx of lavish high-end homes coming on the market. This week, the latest to the scene is a $25,000,0000 estate just six doors south of Sunnyside Restaurant & Lodge.
The Tahoe real estate market continues its strong steady upward march, recovering nearly all of the losses left behind by the great recession. Across all micro-markets, the median price rose at least 5% year-over-year. Sales volume was down in all segments of the Tahoe market, with the exception of Incline Village, which saw an increase of units sold by 6%. Low sales volume is primarily attributable to meager inventory. Year-over-year single family home inventory is down 14% across the Tahoe Sierra MLS and down 25% on the California side of the Tahoe basin.
This monumental Crystal Bay lakefront estate sits on 5.14 secluded acres. With 525 feet of lake frontage, 4 buoys and a seasonal boat barge, lake access is immediate and exceptionally private.
With perfect summer temperatures, Lake Tahoe water level at full capacity, and limited lakefront inventory available, demand is high and exceptional lakefront activity reflects it. In just the past seven days, three lakefront homes have gone into contract. [[{“fid”:”980376″,”view_mode”:”default”,”fields”:{“format”:”default”,”field_file_image_alt_text[und][0][value]”:false,”field_file_image_title_text[und][0][value]”:false},”type”:”media”,”field_deltas”:{“1”:{“format”:”default”,”field_file_image_alt_text[und][0][value]”:false,”fiel
The Carousel Lakefront Estate, a long-time popular home on the Tahoe Luxury Properties vacation rental program, is currently listed for sale for $32,000,000. Located on Tahoe’s west shore on the coveted Sunnyside Lane, this estate consists of a main house, guest house, and caretakers unit totalling 12 bedrooms & 10.5 baths.
51 Homes Hit the Market Today as of 4pm! 51 homes and counting! That is the number of homes to come on the market in the past 24 hours to the Tahoe Sierra MLS. Keep your eyes peeled, we just saw 4 new listings appear in the past hour, so there is sure to be more action by the end of the day!
While there are many online tools available to assist today’s real estate buyers and sellers, Zillow identifies as the market leader with a database of over 110 million homes. Zillow offers a breadth of real esate information, including current available inventory, home details, community information, and other tools to identify a home’s market value.
Today marks Bill Dietz’s 40th Tahoe lakefront home sold! Since July of 2007, Bill Dietz has closed over $284 million in Tahoe lakefront home sales. With Lake Tahoe above its natural rim after our wettest winter on record, we are looking forward to a wonderful summer on the lake and an active real estate season for lakefront buyers and sellers.
Tahoe Luxury Properties knows Dollar Point! In 2017, there have been three homes sold in the coveted Tahoe City neighborhood and two sales are currently in escrow. All five transactions have had representation by Tahoe Luxury Properties agents. Bill Dietz represented the buyers of 79 Observation Drive, and he is representing the buyers of 158 Roundridge Drive.
