Q4 2022 Luxury and Lifestyle Market Report

720 West Lake Boulevard | Tahoe City, CA | Listed $21,000,000
Represented by Sally Gardner – Tahoe Estates Group

Tahoe Estates Group brings you a unique look at the $2M+ luxury market and how it aligns with our mountain lifestyle. Please enjoy this in depth look at where our market has been and where it could be heading.

January 2023 Market Report for Lake Tahoe | Truckee | Incline Village | East Shore

Happy New Year! WOW, has Mother Nature decided to turn on the faucet here in Northern California and the Sierra! We are experiencing storm after storm, with over 200% of average snowfall to date, so that means we should have awesome spring skiing conditions in April and May. But for now, there is a lot of white, fluffy stuff out there to play in, so come on up and enjoy all of your favorite winter activities! With that said, our market is still seeing on average a decline in the number of homes selling – roughly 30% less than in Q3 of 222 – and most regions are seeing gentle drops in median sales prices. Incline Village/Crystal Bay is the outlier for this, with a remarkable 22% increase over the previous quarter in median price, at $2.3M. Inflation rates are dropping, which is a good sign that consumer spending is starting to stabilize. We have regional loan professionals ready to help you with the purchase of your next home, and 3 different local loan assistance programs to offer to those who plan on living and working full-time in the Tahoe Truckee Unified School District boundary. Call us today for more information and to be connected with one of our preferred local lenders!

*Note to Sellers: Prepare your property properly! Details matter, and a home that transfers in a condition that lacks deferred maintenance and major issues, and is staged and/or move-in ready is the home that will win the hearts of buyers.

The new Q4 Luxury Market Report is available above to read how our $2M+ market how our luxury market has shifted during these last 3 months.

Click on the images below to dig deeper into the regional reports.

Tahoe Estates Group