Severe Weather, Lack of Inventory, Overpriced Homes, Stong Demand and a Vibrant Luxury Market; This Was 2019 Lake Tahoe Real Estate had a rough start in 2019 due to a severe winter which crippled roadways and dumped over 59 feet of snow in the upper elevations of Squaw Valley. Skiers rejoiced while home sellers were unnerved by the lack of showings and agents fretted over Read More
Buyers are Making Moves in the 4th Quarter As we move into the home stretch of the 4th quarter, we are seeing an increased number of closed sales as buyers are making moves going into the ski season. Buyers remain confident in the North Tahoe, CA and Truckee real estate markets which is why we saw a 4% increase in sales volume in the month of November, an 8% increase in Read More
Strong Demand for Luxury Homes and Entry Level Properties Has Pushed the Median Home Price up 3% in 2019 After years of strong run-up in the Lake Tahoe real estate market, we are seeing market normalization take hold. This does not signify a downturn as is overstated in the media but reflects a slowing compared to the extraordinary market performance over the last few Read More
Tahoe Luxury homes make up 30% of all Single-Family Home Sales in 2019! February 2019 just set the single month snowfall record for Lake Tahoe with over 300" of snow (that's 25 FEET) reported at Squaw Valley Alpine Meadows! As you can imagine, the massive snowfalls are having an impact on Lake Tahoe real estate sales as homes are buried, roads have been dangerous to Read More
$101M of single-family homes traded hands in January 2019 setting a new record! The New Year is upon us and the Tahoe real estate markets are continuing their robust trend upward! In January, Oliver Luxury Real Estate sold another legacy lakefront property in Tahoe City for $37M, which puts the tally at 5 sales over $20M in the last 12 months. In addition to these Read More
2018 was a spectacular year for Truckee and North Lake Tahoe real estate sales with a record-setting $1.34B in single-family homes trading hands! We were coming off a record-breaking year and I expected a fairly flat market at the start of 2018 but the market spoke and by the end of the year, 11 of the 12 metrics I track were in positive territory telling a story of a Read More
