Tahoe Lakefront Market is Surging

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.

What's My Property Worth?

Alex will do extensive research then present you with an in-depth analysis of your property's value.

Subscribe to our mailing list