Real Estate News

With the National Association of Realtors (NAR) making headlines, we imagine you may have a few questions. While the settlement is not official until it has been approved by the courts, we are watching closely and anticipating the next steps. Here is what you need to know:On March 15, 2024, the National Association of Realtors (NAR) announced a proposed settlement of a lawsuit regarding alleged anti-competitive practices.

As we bid farewell to 2023, we reflect on the notable shifts we saw this past year in the Lake Tahoe real estate market. Apart from lakefronts, all micro-regions experienced a modest decline in median prices, ranging between 1% and 9%. This trend marks a gradual cooling phase, with property values normalizing slightly from the record peaks of 2022, yet maintaining or surpassing the median prices seen in 2021.

As the crisp mountain air descends upon the picturesque landscape of Lake Tahoe, homeowners find themselves preparing for the winter wonderland that awaits. Having spent over 25 winters in Tahoe with some of those winters producing record snowfall, we understand the importance of winterizing your home to ensure comfort, safety, and energy efficiency during the colder months. Here are our top five tips for winterizing your home for Lake Tahoe winters:

When venturing into the lucrative world of vacation rentals, selecting the right property is paramount to success. Beyond location and aesthetic appeal, there are key considerations that can significantly impact your rental income. In this guide, we explore the top five factors to keep in mind for maximizing income when purchasing a vacation rental home. 1.

In the first three quarters of 2023, all micro-regions with the exception of lakefronts continued to show a deep decline in the number of single-family homes sold. In fact, sales volume this year has hit decade lows. Median price has been far less impacted and, in all micro-regions, sits above pricing in 2021. The supply of available homes for sale remains at about half of pre-covid levels, which at least partially explains the retention of values.

In October 2018, the TRPA Governing Board approved a new Shoreline Plan for Lake Tahoe. The Shoreline Plan lifts a longstanding moratorium on new shorezone structures at Lake Tahoe, setting caps and regulations for new shorezone structures such as piers, moorings, and public boat ramps. This means that new piers and moorings are being approved, based on an application process. The Shoreline Plan allows for a maximum of 10 new public piers and 128 new private piers.

In the first half of 2023, Tahoe Truckee continued the trends of single-family home sales that we saw in Q1, with sales volume dramatically decreasing between 32-48% year over year in each micro-region. Median price dipped between 3-12% year over year and remained flat on the California side of the Lake Tahoe basin, a result of the low supply. While the number of single-family homes actively listed for sale has been steadily increasing, it is still well below pre-covid years.

In the first quarter of 2023, Tahoe Truckee saw a significant dip in single-family home sales volume across the board. In fact, all micro-regions saw Q1 sales volume decrease by upwards of 46% year over year. Last year, in the first quarter of 2022, we saw home sales drop to a more typical pre-COVID pace. However, this year, that decrease doubled, with some regions reaching historic lows. Median price has not seen as dramatic of a slide. In fact, on the California side of the Lake Tahoe Basin, median price climbed 4% while sales volume was halved.

Change is the only constant in life. After two years of a COVID-fueled buying frenzy that produced stratospheric price spikes across all segments of the market, 2022 brought a bucket of icy lake water on the head. A dramatic reversal of economic conditions fueled by the Ukrainian conflict, historic interest rate hikes, a crypto collapse, and the erosion of equities rippled through Tahoe real estate.

With a wave of new development projects underway, revitalization of Lake Tahoe continues. Read our summary of upcoming projects below, and see the significant investments being made to North Lake Tahoe. Links are provided to take you to developers’ websites with more detail.

In the first three quarters of 2022, each micro-region saw a decrease in the number of single-family homes sold year over year. While some micro-regions have continued to see slow growth in median price, other micro-regions have started to see a decline in pricing. The combination of the decline in sales volume and the shifting of price indicate that market activity is slowing.

In the first half of 2022, each micro-region saw a decrease in the number of single-family homes sold. With the exception of the lakefront report (which has a very small sample size and excludes a notable off-market sale), all micro-regions saw an increase in median price. Interestingly, while median price has continued to increase, the growth rate itself has slowed.