Luxury Home Sales Pull the Tahoe Real Estate Market up 17% in Q2

The second quarter has come to a close and the summer selling season in Lake Tahoe is in full swing.  With 6 months of sales data behind us it’s clear that the 2016 Lake Tahoe real estate market is humming as shown by the average sales price which is up 17% over last year. In June we saw a minor slowdown in sales volume but with that said, volume is up 13% over 2015 and is the highest sales volume over the last 11 years.

In the second quarter, sales of luxury homes are up 52% showing that wealthy buyers are confident in the Lake Tahoe luxury real estate market and see real estate investments as a safe bet over the volatile stock market.  We are seeing a tremendous amount of competition in the sub $600K price ranges which has created a higher level of multiple offer situations.  I anticipate that the market will remain strong over the next quarter and pricing will stay positive for the remainder of the year.

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.

Year Over Year Lake Tahoe Real Estate Sales Volume Chart

Past Market Reports

View All of My Tahoe Real Estate Market Reports

Q2 2015 Market Report

Q2 2014 Market Report

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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