In 2009 there were 11 Lakefront sales which the market has already eclipsed this year and there is a strong possibility that the sales volume will more than double the 2009 numbers. It appears that the North Lake Tahoe luxury real estate market has reached a point where buyers feel comfortable with the current pricing which is resulting in higher sales volume. Buyers that are shopping for Tahoe Lakefronts see pricing that is down 20-30% from the peak of the market (2006) which has created a level of comfort amongst these savvy buyers. The overall Lakefront inventory is still very high, currently we have a +/- 2 year inventory of Lakefronts which is a bit concerning, but buyers are using this to their advantage and creating amazing opportunities.
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