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South Lake Tahoe Real Estate Report

October 1, 2020 by Mark Salmon

If you are thinking of listing or buying homes for sale in Lake Tahoe, knowing what is happening locally is important for both sides. While we are in a seller’s market with limited inventory, pricing according to market value is the best way to get an offer quickly and for the most money at resale. As a buyer, knowing the market values and how fast homes for sale in Lake Tahoe are getting offers is a great way to create a competitive offer that stands out against other qualified buyers. The best, and most accurate, way to get this information is from a Lake Tahoe Realtor. Let’s look at this month’s round up…..

The average sold price for homes for sale in Lake Tahoe is currently up 17.7% from this time last year at $671,622. The median sold price for Lake Tahoe homes for sale is up 10.5% at $525,000. The percentage of list price is up slightly 1.3% at 98.3%. Home values going up isn’t the greatest news for buyers because it means some people can be priced out of the market. The other not so great news for buyers is that the amount of overall available Lake Tahoe homes for sale has gone down 30.9% from this time last year. Now there is still some good news for buyers! The amount of NEWLY LISTED homes available has increased 7.8%. Closed sales are up 38.7% and pending sales are up 47%. The month supply is still down 34.8% and we are at a 3 month supply. Anything 4 and under is considered a seller’s market so buyers will still need to move competitively and work closely with their Lake Tahoe Realtor as they navigate the increasing values and limited inventory.

This report is just for the South Shore of Lake Tahoe. Each area and each neighborhood around the lake has their own micro report. For example, the average sold price for Tahoe Keys homes is almost double the number listed above. Currently, it is $1,059,151. Al Tahoe is currently up 90% at $1,011,647. Highland Woods is $512,813. Bijou Pines is $571,250. These 4 neighborhoods are all considered desirable areas in the city limits with their own amenities, yet you can’t live in Bijou Pines and expect to list at a Al Tahoe price point even though these two areas are just across the HWY from one another. For a custom analysis of your neighborhood or areas you are interested in, feel free to give me a call. As a Lake Tahoe Realtor, I would be happy to walk you through what is happening.

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

#chalet #chaletlife #laketahoe #laketahoecalifornia #laketahoerealestate #laketahoehomes #southlaketahoe #southlaketahoecalifornia #southlaketahoehomes #southlaketahoerealestate #cabin #cabinlife #CabinVibes #cabinfever
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

#southlaketahoe #southlaketahoecalifornia #southlaketahoerealestate #tahoekeys #mountainhome #mountainhomes #mountainlife #lakelife #realtor #realtors

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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.