Just Around the Next Snowbank…Spring has Sprung!

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.

May 2023 Market Report for Lake Tahoe | Truckee | Incline Village | East Shore | South Shore -April Data

Green Light means GO! It’s obvious to all of us in the real estate profession that the market has suddenly shifted, and buyer activity has notably increased from nearly zero showings and interest to multiple showings/day for properties that have until now remained quiet. That’s great news for our sellers, and of course, that means our buyers need to be prepared to compete for the most attractive homes available. Please click on the images below to dig into the data; it is clear that while total volume sales are down, average sales prices are holding steady (or rising!), and as long as inventory remains below the pent up buyer demand, we are going to see another strong selling season. We are still at roughly 50% of normal inventory levels, so let’s get ready to rumble!

*TEG Tip of the month: Follow us on our Video Blog page, where you can hear our team speak on the market, buyer and seller tips, and why we love where we live!

Video Blog

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

Tahoe Estates Group