The Lake Tahoe and Reno markets are hot! We have a shortage of listings and very high demand from buyers, which is resulting in a very competitive market. This dynamic is due to a large number of people relocating or purchasing second homes in the area. Given that most people can now work remotely, and there is a desire to get out of the City, Tahoe is the perfect destination for your next real estate investment.
In this highly competitive market, now more than ever, it is important that you connect with a local real estate agent that knows the Tahoe area. Buyers need an agent who can advise you on new and upcoming properties, and who can guide you through the negotiation process in a this competitive market. Sellers need an agent that can get you top dollar, and often multiple offers, for your property. We expect these market trends to continue throughout the rest of the year.
If you would like expert real estate guidance, please feel free to email, text, or call me anytime! I have successfully navigated many types of real estate markets over the last 17 years in Tahoe, and am here as your resource. I would love the opportunity to earn your business. Please reach out to me directly at 530.416.1955 or michelle@tahoekeck.com. I look forward to assisting you.
Michelle Keck with Corcoran Global Living compiles valuable data on the local markets every quarter. For Michelle’s analysis of the market, and detailed market reports for each area, please see the information and links to each area report below.
Q2 Market Report 2020- South Lake Tahoe
The South Lake Tahoe real estate market is experiencing an increase in activity and demand for homes, resulting in rising prices! Median home prices are up 4% at $515,000 and average home prices are up 9% at $618,000 since last year. For the detailed Q2 South Shore Market report, click here.
Q2 Market Report 2020- East Lake Tahoe
The East Shore real estate market is experiencing an increase in activity and demand for homes, resulting in rising prices! Average home prices are up 9% at $1,100,000 since last year. For the detailed Q2 East Shore Market report, click here.
Q2 Market Report 2020- Truckee
The East Shore real estate market is experiencing an increase in activity and demand for homes, resulting in rising prices! Average home prices are up 15% at $1,100,000 since last year. For the detailed Q2 Truckee Market report, click here.
Q2 Market Report 2020- North and West Lake Tahoe
The North and West Shore real estate market is experiencing an increase in activity and demand for homes, resulting in rising prices! Median home prices are up 4% at $728,000 since last year. For the detailed Q2 North and West Shore Market report, click here.
Q2 Market Report 2020- Incline Village Lake Tahoe
The Incline Village real estate market is experiencing an increase in activity and demand for homes, resulting in rising prices! Median home prices are up 21% at $1,500,000 and average home prices are up 59% at $2,300,000 since last year. For the detailed Q2 Incline Village report, click here.
Q2 Market Report 2020-
Reno
The Reno real estate market is remains strong with median home prices up 2% at $420,000 and average home prices are up 1% at $503,000 since last year. For the detailed Q2 Reno report, click here.
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