2022 Q1 Market Update
Spring has sprung, and as we emerge from one of the driest winters I can remember, I am excited to report that our market remains strong amidst inflationary trends and new levels of low inventory. Price is being driven up by short supply and staggering demand.
2021 shattered most real estate records in every neighborhood, and lakefront pricing has hit new highs. Did you know there were more properties that sold above $20M around the lake than ever before in history? It’s true and very reasonable to speculate that this trend will continue well through the end of the year. Nevada properties have been especially desirable as wealthy Californians seek tax shelters. We expect that as water levels retreat due to the dismal snowfall this year, properties with deep water piers and shorelines are going to be some of the most desirable and procure premium pricing. Those with shallow and rocky shores will be more difficult to sell but will still be selling at a premium from years past, especially if they have a pier or shared pier.
Top Lakefront sales:
California’s West Shore
4240 North Lake Blvd.
Carnelian Bay, CA
Sold for: $23,650,000
Nevada’s North Shore
1860 & 1850 Highway 50
Glenbrook, NV
Sold for: $32,000,000
2021 Q4 Market Reports
Click below to view the sales from 2022 and historical sales numbers in Lake Tahoe.
California’s North & West Shore Lakefront Sales
Tahoe Sierra Multiple Listing Service (MLS) Sales
Palisades Tahoe Sales
Martis Camp & Northstar Sales
Incline Village & Crystal Bay Sales
Truckee & Donner Area Sales
