• Skip to primary navigation
  • Skip to main content
  • Skip to footer
Lake Tahoe Real Estate - Tahoe Realtor
530-448-9882
  • Search
  • About
  • Sell
  • Buy
  • Explore
  • Journal
  • Contact
  • Home
  • Search
    • Search All Properties
    • Neighborhood Map
    • My Featured Listings
    • Register / Login
  • Explore Lake Tahoe
  • Sellers
    • Lake Tahoe Market Reports
    • Listing Videos
    • What’s My Home Worth
    • My Recent Sales
    • Client Testimonials
  • Buyers
    • Search the MLS
    • My Featured Listings
    • Tahoe Market Reports
    • Mortgage Calculator
  • Neighborhoods
    • All Tahoe Neighborhoods
    • Lake Tahoe North Shore
    • Lake Tahoe West Shore
    • Ski Resort Communities
    • Golf Communities
  • Tahoe Info
    • Tahoe Market Reports
    • Winterizing Your Home
    • Tahoe Resources and Info
      • Lake Tahoe Area Guide
      • Tahoe Relocation Guide
    • Tahoe School Guide
  • Journal
    • Tahoe Market Reports
    • Lake Tahoe Events
  • About
    • About Dave Westall
    • Westall Real Estate Team
    • My Recent Sales
    • Testimonials
  • Contact
    • Newsletter Signup
    • Contact
Home » Market Reports » Q3 2016 Lake Tahoe Real Estate Market Trends

Q3 2016 Lake Tahoe Real Estate Market Trends

October 11, 2016 by dwestall 2 Comments

Luxury Home Sales Push the Tahoe Markets Higher in Q3

The 3rd Quarter of 2016 has concluded and market trends show that Lake Tahoe California real estate is in high demand as all major indicators are showing positive growth (see statistics below).  Sales volume is up 16% over last year which is the highest volume in over 11 years.

The luxury segment of the market, specifically Martis Camp real estate is driving average home pricing higher. 38 of the 57 sales over $3M are from the Martis Camp subdivision which shows me that there is high demand for modern mountain architecture and amenity rich communities. In September 2016, Oliver Luxury Real Estate closed 1970 West Lake Blvd at $17.5M, the highest priced lakefront sale since 2008. Wealthy buyers are parking huge amounts of cash in Tahoe which is why luxury home sales are up 44% in 2016.

If we get some early season snow around the holidays and ski resorts open as planned, I would expect another surge of demand for Tahoe real estate.  It also appears that buyers will have more confidence in the market once the Presidential elections take place next month.  Political and weather-related uncertainty can slow down the market so it will be interesting to see how things shake out over the next quarter.  My fingers are crossed for early season snow!

Year over Year Q3 Statistical Comparison

Q3  2016 Statistics

  • 844 Single Family Home Sales up 16%
  • Avg. Marketing Time: 91 Days down 8%
  • Avg. List to Sold Discount: 3.2% down 3%
  • Average Price: $1.026M up 18%
  • Median Price: $612K up 9.8%
  • 19 REO & Short Sales down 27%
  • 26 Sales Below $300K down 35%
  • 203 Sales over $1M up 44%
  • 57 Sales over $3M up 44%
  • High Sale Price: $17.5M up 49%
  • Low Sale Price: $192K up 48%

Q3  2015 Statistics

  • 712 Single Family Homes
  • Average Marketing Time: 99 Days
  • Avg. List to Sold Discount: 3.3%
  • Average Price: $854K
  • Median Price: $552K
  • 26 REO & Short Sales
  • 40 Sale Below $300K
  • 113 Sales over $1M
  • 32 Sales over $3M
  • High Sale Price: $8.85M
  • Low Sale Price: $100K

Year Over Year 3rd Quarter Lake Tahoe Real Estate Sales Chart

Image of Q3 2016 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.

Year Over Year Q3 Lake Tahoe Real Estate Sales Volume Chart

Image of Q3 2016 Lake Tahoe real estate sales chart

Past Market Reports

  • View All of My Tahoe Real Estate Market Reports
  • Q3 2015 Market Report
  • Q3 2014 Market Report

Do you have questions about Lake Tahoe Real Estate? Please call me at (530) 448-9882 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.

For more real estate news, home listings and Lake Tahoe events sign up for our newsletter here.

Want to know the value of your Lake Tahoe home?

David Westall, Realtor
OLIVER LUXURY REAL ESTATE
P: 530-448-9882
David@WestallRealEstate.com
CA BRE# 01796995

Westall Real Estate logo for Q3 2016 Lake Tahoe real estate

Filed Under: Market Reports Tagged With: Lake Tahoe Market Report, Lake Tahoe Market Trends, lake tahoe real estate market, Luxury Tahoe Real Estate, martis camp real estate, Tahoe City Market Report, tahoe luxury real estate, tahoe market analysis, Tahoe Market Trends, Tahoe Real Estate, Truckee Market Analysis, Truckee Market Report, Truckee Real Estate, truckee real estate charts

Reader Interactions

Comments

  1. Kalash Menon says

    November 8, 2016 at 10:47 pm

    Thank you very much for the information i really appreciate it. keep it up

    Log in to Reply
    • dwestall says

      November 13, 2016 at 1:41 pm

      You’re Welcome. I’m glad I could help.

      Log in to Reply

Leave a Reply Cancel reply

You must be logged in to post a comment.

Join Our Network

Stay informed of the latest real estate news, trends and regional updates.

This field is for validation purposes and should be left unchanged.

Footer

Westall Real Estate logo
  • 530-448-9882
  • 950 N Lake Blvd Tahoe City, CA 96145
  • Email Us


who's who in luxury real estate logo
Sierra Sotheby's International Real Estate logo
realtor association logos
CA DRE 01796995   •   sitemap   •   admin   •   Accessibility   •   Privacy Policy   ©2023 All Rights Reserved  •  Real Estate Website Design by IDXCentral.com
Cleantalk Pixel