Looking at the market report for January through September 2018, we see that growth remains steady. Every micro-region saw an increase in both median price and sales volume, with the exception of a slight decrease in median price of lakefronts, which is attributed to the small sample size. Sales volume reached a 13-year high in Incline Village/Crystal Bay and nears the high mark in most other regions. Median price reached an all-time high in Truckee, above the last peak set in 2006. Most other markets near the 13-year high. Growth on the Nevada side of the Lake outpaces the California side, as we continue to see strong interest in Nevada residency as a tax-haven. Expect the market to continue its upward charge and set new high price thresholds through 2018 and into 2019.
Download the detailed report here.
Download past reports here.
View the graphs of sales volume and median price trends by micro-region by clicking the gallery images below.
Source: Tahoe Sierra MLS and Incline Village MLS