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South Lake Tahoe Real Estate Update

June 1, 2020 by Mark Salmon

If you are interested in buying or selling Lake Tahoe real estate, knowing the latest market report is necessary. Especially with Covid-19 having such a huge impact on the economy and how real estate is operating, knowing what is happening is more important than ever. As a seller, you understand how quickly homes for sale in Lake Tahoe are moving, what the current values are and that helps you set your listing up to get the most attention from buyers. This in turn helps you understand what you need to do to attract a quick sale for the most money. As a buyer, you understand what your position and buying power is which helps you craft a competitive offer. While real estate is a constantly moving machine, the below numbers are what a Lake Tahoe Realtor looks at to help our clients navigate their goals for buying and selling.

The good news for sellers is that prices for homes for sale in Lake Tahoe are up 8.6% from this time last year and last month putting it at $593,266. The median sold price is unchanged from this time last year at $460,000. The average percentage of list price is 97%. Your Lake Tahoe Realtor will explain his number more in depth and how it impacts you. Average days on market are currently 111.

As far as inventory goes, the amount of homes for sale in Lake Tahoe is down 3.2%. The amount of pending properties is up by 1.8%, the amount of sold listings are down 4.1% and the number of new listings is down 4.6%. The month supply is up by 2.3% at 4.4. Anything under 4 is considered a seller’s market, while anything over 6 is considered balanced and anything over 8 is a buyer’s market. For more information on buying Lake Tahoe real estate or if you are looking for a Lake Tahoe Realtor, feel free to give me a call. 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

#laketahoe #laketahoecalifornia #southlaketahoe #southlaketahoehomes #southlaketahoerealestate #southlaketahoecalifornia #mountainhome #mountainhomes #luxuryhome #luxuryhomes #luxuryhomedecor #luxuryhomestyle #LuxuryHomeDesign #LuxuryHomeBuilder #luxuryhomesforsale #luxuryrealtor #luxuryrealtors #luxuryrealestate
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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Questions about the market? Wondering what your home is worth? We're here for all your real estate needs, just a message away!!!

Mark Salmon
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Compass California, Inc.
2028 Lake Tahoe Blvd.
So Lake Tahoe, CA 96150

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DRE# 01485376, NV Lic# S.191477   •   sitemap   •   admin   •   Copyright ©2025  •  Real Estate Website Design opens in new window by IDXCentral.com

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.