Lake Tahoe Market Heats Up with Summer

Lightning has struck the Lake Tahoe Real Estate Market and consequently, things are heating up. After this past weekend, we watched as a few market indicators flared.

• In 48 hours, 11 homes over $1.5M went into contract
• 4 homes went into contract within 16 days on the market
• 3 more homes on the market for 38 days or less
• Pending sales up considerably from year over year, especially in Truckee (up 82% from May 2019)
• High consumer demand
• Projected consumer demand increase as summer sales seasons continues

“Over this past weekend, in 48 hours, we saw 11 homes over $1.5M listing price go into contract in the Tahoe Sierra MLS.”

Read the article from Tahoe Luxury Properties that details this remarkable 11+ home flash sale!