Tahoe Luxury Properties Push Market Higher in July

North Lake Tahoe and Truckee real estate sales have been energetic in 2016 which is evident by the fact that sales volume is up 13% and just about every notable metric is showing positive gains. Although the market is showing strength I have noticed that sales volume, average price and median home pricing have slowed a little over the last 2 months.  We will have to keep our eyes on the market and see how the 3rd quarter finishes.

In 2016 sales of luxury homes are up 50% showing that wealthy buyers are confident in the Tahoe market and see real estate investments as a safe bet over the volatile stock market.  Wealthy buyers are gravitating towards the gated golf course communities, with Martis Camp accounting for 63% of sales over $3M.  This appears to be due to the fact that Martis Camp offers world class amenities and cutting edge modern mountain architecture, which are priority items for Tahoe luxury buyers. 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

July 2015 Tahoe Market Report

July 2014 Tahoe Market Report

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