October 2021 Market Report for Lake Tahoe | Truckee | Reno

Last month was such a strange, unpredictable one for market behavior in Tahoe! New contracts essentially were put on hold at the beginning of September with the Caldor Fire forcing South Lake Tahoe residents and parts of the West Shore to be placed under a mandatory evacuation order. With the Caldor Fire now 98% contained (thank you first responders!) and the first snowstorms of the season, our various micro-climates have ping-ponged back into activity.

Despite the hold on active listings last month, the North Lake Tahoe area saw 117 home sales -- only a slight 11% decrease from August. The median home price saw a slight increase to $1.15M while the average dollar per square value foot dropped to $686 -- a 21% decrease from August. Each market is changing so rapidly; we encourage you to reach out if you have any questions about a particular region, as it's a sure bet that the behavior there will not be mirrored in other regions. The crystal ball is particularly cloudy in certain parts of Truckee, where a new Short Term Rental application moratorium was imposed earlier in October. Contact the Tahoe Estates Group for more information and updates.

Tahoe Estates Group