In the first half of 2021, we continued to see significant growth of both sales volume and median price of single-family homes in the Tahoe region. The flurry of buying activity that began in Q2 2020 has yet to subside. High demand and increased sales eroded the supply of available homes. Buyers’ offers became more and more aggressive, which, ultimately, increased prices. All micro-regions, with the exception of lakefronts, reached historic highs in both sales volume and median price. For the first time in history, all micro-regions have a median price over $1 million. Demand for Nevada continues with sales volume doubling year over year and median price breaking the $2 million mark for the first time ever. While our sample size of single-family lakefront home sales between Rubicon Bay and Incline Village is small, which can impact statistics, it is notable that 15 lakefront homes sold in the first half of 2021 versus six in the same period of the previous year. We have now seen a full year of vigorous growth trends, and we expect this pace to continue throughout 2021.
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View the graphs of sales volume and median price trends by micro-region by clicking the gallery images below.
Source: Tahoe Sierra MLS and Incline Village MLS
