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Monthly Lake Tahoe Real Estate Report

September 3, 2020 by Mark Salmon

The Lake Tahoe real estate market continues to deal with low inventory and high demand. While the local market is starting to cool a bit compared to the summer months, the current month supply is still sitting at 3.4 and is down 24.4% compared to this time last year. What this means for sellers is NOW is still a great time to list. What it means for buyers is that you still need to act fast and be prepared to make a competitive offer. No lowballing. Your Lake Tahoe Realtor can walk you through the listing and buying process but knowing the current Lake Tahoe real estate market stats is a great place to get started. Below are the numbers we have been watching to help guide our clients.

The average sold price for homes for sale in Lake Tahoe is up 16% at $653,849. The median sold price for homes for sale in Lake Tahoe is up 7.4% at $505,000. These two numbers are for the south shore, specifically on the California side. We’ll get to that more in a minute. The median percentage of list price indicates your negotiation power and that is current up slightly at 98.2%. The average days on market are up 5% at 106. The amount of homes for sale in Lake Tahoe is down 24% while closed sales are down 28%. These two numbers are expected due to the record low inventory. New listings are also down as a result of the lack of supply by 1.9%. Pending sales are up, however, at 37.5%.

It is incredibly important to note that every single neighborhood has their own micro report that will look different than these numbers. When coming up with fair market value, it is crucial to look at comparable solds. These are homes that are considered similar and have actually closed in the last 3-6 months. So, for example, if you want to list your home in the Tahoe Keys, you may think something around the above-mentioned average list price would be appropriate. However, the average sold price in this specific neighborhood is currently at $1,014,533. Meanwhile, in Highland Woods, the average sold price is almost half at $502,333. These two neighborhoods are both considered desirable in city areas and are really only separate by a meadow and a mile. Yet, their respective reports are both VERY different for a variety of reasons. When you work with a Lake Tahoe Realtor who knows the different neighborhoods, you are working with someone who can successfully guide you towards your goals, whether you are a seller or a buyer. If you need more information, I would be happy to help.  

Filed Under: Buyer Tips, Market Reports, Real Estate News, Seller Tips

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Just like that—851 Hill Rd sold! So grateful to Just like that—851 Hill Rd sold! So grateful to have worked with such incredible sellers who trusted the process and made this one a joy from start to finish. This charming 1950-built cabin—a true nod to old-school Tahoe—went from active to pending in just a few short weeks. With its thoughtful modern updates, filtered lake views, and unbeatable location just one street from Lake Tahoe and iconic Lakeside Beach & Marina, it's no surprise this one caught the right buyer's eye. Compass® DRE# CA 01485376 | NV 0191477

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2051 Nez Perce Dr is now offered at $2,375,000! Re 2051 Nez Perce Dr is now offered at $2,375,000! Recently completed by one of Tahoe’s most seasoned builders, this exceptional 3,847-square-foot mountain retreat offers a rare blend of expert design, functional elegance, and seamless access to the outdoors—all nestled in the quiet, coveted North Upper Truckee neighborhood. Just steps from pristine wilderness, owners can enjoy direct entry to an expansive trail network perfect for hiking, biking, and snowmobiling, including backcountry routes near Echo Summit, Angora Ridge, and Flagpole Peak. Thoughtfully designed with four bedrooms and four and a half bathrooms, the home includes three private suites, each crafted for comfort, privacy, and luxury. A deep driveway leads to an impressive 875-square-foot three-car garage, featuring a dedicated mechanical hub and generous bonus storage, adding both practicality and convenience to this stunning alpine retreat. Compass® DRE# CA 01485376 | NV 0191477

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Huge congrats to my buyers on securing their dream Huge congrats to my buyers on securing their dream mountain retreat at 1551 Skyline Dr! This charming 4-bed, 2-bath Tahoe chalet blends classic alpine vibes with modern comforts—and the location is truly unbeatable. With direct access to endless scenic trails and just minutes from Meyers, Heavenly, and the lake, adventure is always just outside the door. Compass® DRE# CA 01485376 | NV 0191477

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Wishing everyone a bright and beautiful 4th of Jul Wishing everyone a bright and beautiful 4th of July from my family to yours. Compass® DRE# CA 01485376 | NV 0191477
Just sold! Congratulations to my amazing buyers o Just sold!  Congratulations to my amazing buyers on securing their very own Tahoe mountain retreat at 771 Tahoe Keys Blvd! This custom split-level haven is the perfect blend of luxury, comfort, and alpine adventure—crafted with care and nestled among the pines, just minutes from the lake. Here’s to unforgettable memories in the mountains and embracing the Tahoe lifestyle to the fullest! Compass® DRE# CA 01485376 | NV 0191477

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Compass is a real estate broker licensed by the State of California and abides by Equal Housing Opportunity laws. License Number 01991628. All material presented herein is intended for informational purposes only and is compiled from sources deemed reliable but has not been verified. Changes in price, condition, sale or withdrawal may be made without notice. No statement is made as to the accuracy of any description. All measurements and square footage are approximate. If your property is currently listed for sale this is not a solicitation.