Lake Tahoe Lakefront Property Market Update 2019

So far, lakefront Lake Tahoe property sales are down considerably in 2019 compared to 2018.

As of August 30, the East Shore has seen only 6 lakefront sales, compared to 11 at this time last year. South Lake Tahoe has seen zero lakefront sales to date, compared to 1 in 2018, but there are some currently pending. Incline Village has seen 8 sales so far, compared to 13 last year at this time.

On the north and west shores, there have been 12 lakefront sales as of August 30, ranging from $37 million to $1 million. This compares to last year with 20 lakefronts sold, ranging from $40 million to $1.47 million.

One of the reasons the sales numbers are down in 2019 on the north and west shores is a lack of inventory. The year started with less than 10 lakefronts on the market, atypically low. Currently, there are 15 single-family lakefronts for sale plus 2 in escrow.

Interestingly, in the last 1.5+ years, there have been 7 lakefront sales over $20 million, 4 on the California side and 3 in Nevada.

Reach out to any of our professional REALTORS to learn more.