Lakefront Market Summary – End of Summer 2017

There is an almost magical interaction occurring between Tahoe recreation and the real estate market. This is a combination not to be ignored by those considering selling.

The lake rose over 5 feet this year. This changed the complexion of the shoreline everywhere. Some beaches are completely gone. Others have become extremely private because they are unreachable except by water.  The Truckee River will flow all year. Squaw had a glorious, long, historical season.

Development is back – spec homes and new developments are going in everywhere. Alex listed the first brand new lakefront condos in 30 years and we are almost sold out, see Tahoe Beachfront Residences. Also, a new 100-room, four-star condotel is slated for Tahoe City next year.

Chase International had another successful Lakefront Estates Tour in June. This is the largest and longest-running real estate event at Tahoe. Historically we attribute 2-3 sales per year to the Tour. 

Emerald Bay Sunrise

Lake Level: From January to May last year, the lake went up 1 foot. This year it rose almost 6′ which broke numerous records. at one point the lake level hit the maximum legal limit. You can see that it peaked in July and is now receding.

 

 

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data which created the charts

2016_Year-End STATS Lakefront_TOTALS-2

 

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