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Lake Tahoe Real Estate Market is HOT

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Real Estate Insights

Over this past weekend, in 48 hours, we saw 11 homes over $1.5M listing price go into contract in the Tahoe Sierra MLS. Four homes went into contract in 16 days or less of being on the market. An additional three homes were on the market for 34 days or less. This means that a total of seven homes went into contract in just about a month of being on the market. Seven of the 11 homes are located in Truckee communites. Pending sales are up considerably year over year (in Truckee, May pending sales were up 82% from May of last year), resulting in a decrease in active listings. These numbers reflect considerable buyer demand, which should increase even more as we move into the summer sales season. Below are details on the 11 sales.

121 Mammoth Drive sold in less than two weeks on the market. Tahoe Luxury properties represented both buyer and seller.

1) 405 Ellis Road, Tahoma

  • Tahoe's West Shore
  • Listed at $1,575,000
  • Days on Market: 365

2) 15024 Peak View Place, Truckee

  • Mountainside at Northstar Community
  • Listed at $1,659,000
  • Days on Market: 14

3) 535 Bonanza Drive, Tahoe City

  • Tahoe's West Shore
  • Listed at $1,695,000
  • Days on Market: 16

4) 370 Granite Road, Carnelian Bay

  • Tahoe's North Shore
  • Listed at $1,699,000
  • Days on Market: 12

5) 8455 Lahontan Drive, Truckee

  • Lahontan Gated Community
  • Listed at $2,195,000
  • Days on Market: 215

6) 121 Mammoth Drive, Tahoe City

  • Dollar Point Community
  • Listed at $2,275,000
  • Days on Market: 13

7) 8303 Valhalla Drive, Truckee

  • Schaffer's Mill Gated Community
  • Listed at $2,895,000
  • Days on Market: 318

8) 13005 Falcon Point Place, Truckee

  • Tahoe Donner
  • Listed at $3,000,000
  • Days on Market: 87

9) 14170 South Shore Drive, Truckee

  • Donner Lake Lakefront
  • Listed at $3,980,000
  • Days on Market: 31

10) 6400 West Lake Boulevard, Homewood

  • Chambers Landing Lakeview 
  • Listed at $4,250,000
  • Days on Market: 34

11) 9513 Cloudcroft Court, Truckee

  • Shaffer's Mill Gated Community
  • Listed at $4,895,000
  • Days on Market: 31

If you are interested in buying or selling your Tahoe home or are simply curious to understand your home's value in today's market, contact Bill Dietz at billd@tluxp.com, or call our office and we will gladly assist.