2012 was a banner year for Tahoe lakefront property sales: volume doubled to $173 million, 37 properties traded, 5 sales were over $10m. There are currently 3 lakefront homes and 4 high-end condominiums in escrow with list prices ranging from $1.59m to $7.9m (Click Here to View Listings). 2013 has seen sales of 2 lakefront homes (incl. one foreclosure) and 2 condos with prices from $1.52m – $3.67m (Click Here to View Listings).
This data includes Alex’s knowledge of sales done off of the MLS:
| Year | Total Sales | Sales on MLS | Total Volume | MLS Volume | Avg. Sales Price | Off-MLS Sales | Off-MLS Sales Volume (approx.) |
| 2012 | 37 | 34 | $173.65m | $156.65m | $4.6m | 3 | $17m |
| 2011 | 23 | 22 | $72.5m | $68.5m | $3.1m | 1 | $4m |
2012 sales of Tahoe lakefront properties handily surpassed the totals of each of the last seven years with over $173,000,000 in closed volume over 37 transactions. The number of sales represents a 50% increase over 2011; three of these were done off of MLS. Tahoe Real Estate Group handled one off-MLS sale for $10.5m and we handled other MLS-reported lakefront sales ranging from $11m – $2.9m.
During the last few years there has been a high point where 8-9 lakefronts are in escrow simultaneously during July/August. What’s so significant about 2012 is that this happened not only in midsummer but December 2012 had 8 sales totaling $52 million. What is also so important are the sales over $10m. From 2007-2011 there were 5 transactions over this benchmark – in 2012 alone there were 5. There’s also activity well above this. Click here to see Alex quoted in an article on the sale of an Incline Village property for $25.5m. A property in Glenbrook sold in February 2013 for $20m. Although it was at a lower level ($5m-$10m) the last time the lakefront marketplace acted thus was during the 90’s Gold Rush and Tahoe lakefronts all ratcheted up immediately afterward. We believe the same thing is happening now.