Tahoe Luxury Home Sales are up 47% in 2016

Lake Tahoe real estate is the strongest it has been since the economy imploded. Sales volume is up 17% this year alone!  We had a great winter for the first time in 4 years, Lake Tahoe is above its natural rim, the Bay Area economy continues to provide stability to the Lake Tahoe second home market and 30 year fixed interest rates are still below 4%.  All of these factors are driving demand for Tahoe and Truckee real estate and the market is the healthiest it has been in years.  Sales of luxury homes are up 47% showing that wealthy buyers are confident in the Tahoe real estate market.  We are seeing a tremendous amount of competition in the sub $600K price ranges and a higher level of multiple offer situations.  With the summer selling season just getting under way, I anticipate that the market will continue to show strength as buyers are hungry for Tahoe real estate.

Year over Year Statistical Comparison

Year Over Year Lake Tahoe Real Estate Sales Chart

*North Lake Tahoe and Truckee Single Family Home sales including lakefronts. Data taken from the Tahoe-Sierra Board of Realtors, MLS Areas 1-9.

Do you have questions about Lake Tahoe Real Estate?  Please call me if you would like to discuss the Lake Tahoe real estate market conditions in more detail or talk about the specific market conditions where your home is located. I would be happy to put together a specific market analysis for your home and provide you with information about how I can help you sell your home for top dollar.

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