The 2015 year brought mostly positive results for the broader North Tahoe-Truckee real estate market. The market as a whole generated moderate sales volume and median price increases in some segments. The lakefront segment saw a 16% increase in the median sales price and solid sales volume of 31 closings on the North and West shores, including California and Nevada. Across The North Tahoe-Truckee market (CA & NV), 1,136 single family homes closed in 2015, a 5.4% increase year-over-year. Strong demand is expected to continue into 2016.
“Less-than-ideal winter conditions and low lake levels resulting from four years of drought had some impact on the market,” said Bill Dietz, president of real estate at Tahoe Luxury Properties. “However, the expectation is that a strong winter for 2015-16 will bring additional energy into the real estate market.”
View the detailed 2015 Lake Tahoe real estate market report by micro-region here.
View past market reports here.
