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1001 Commonwealth Dr. #218 Description Congratulations to our clients who just purchased this beautifully remodeled, 1 bedroom, 1 bath, townhome. This corner unit features a huge loft bedroom for a bonus space, office or overflow sleeping. Recent upgrades include new appliances, quartz countertops with waterfall edge, white oak hardwood floors, updated bathroom, barn […] The post SOLD! 1001 Commonwealth Dr. #218 appeared first on Lake Tahoe Real Estate, Truckee Real...
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Access everything that North Lake Tahoe has to offer from this amazing Kings Beach property located at 1001 Commonwealth Dr. The Casinos just over the State Line at Crystal Bay are just a quick drive away, providing a higher level of entertainment for adults. Enjoy easy access to the Tahoe National Forest for hiking and mountain bike trails. Northstar Ski Resort is located within close proximity offering world-class skiing in the winter months and golfing and mountain biking during the summer months. Kings Beach is an amazing year-round community offering easy access to the lake, delicious restaurants, shopping, hiking & biking and so much more.
Are you interested in Lake Tahoe homes for sale ? Beth Taylor & Dave Westall are your Kings Beach real estate experts and is happy to answer any questions you have about purchasing or selling Lake Tahoe vacation homes.
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The Holidays are here! Find out what the top North Lake Tahoe holiday events are below! It’s the most magical time of year in Lake Tahoe! With cold temps and ski resorts already open, we couldn’t be more excited to celebrate the season! There is a lot going on around the region during this festive […] The post North Lake Tahoe Holiday Events! appeared first on Lake Tahoe Real Estate, Truckee Real Estate, Tahoe Luxury...
It’s the most magical time of year in Lake Tahoe! With cold temps and ski resorts already open, we couldn’t be more excited to celebrate the season! There is a lot going on around the region during this festive time of year, see our comprehensive list below of the top North Lake Tahoe holiday events and mark your calendars accordingly!
*We will be adding more events and event updates as more information becomes available. All events are subject to change.
Where: Downtown Truckee
When: Friday, Nov 18th
Celebrate the Holidays in Historic Downtown Truckee! Enjoy a festive kick-off to the holidays with tree decorating, hot cocoa, holiday songs, photos with Santa and much more! The night culminates in the lighting of the traditional Bud Fish Tree Lighting Ceremony in remembrance of this beloved Truckee community member. More Information
Where: The Village at Palisades Tahoe
When: Friday, November 25th, 12pm – 5pm
The most festive winter holidays are just around the corner, and all of this early November snow has us excited for Christmastime. Get into the holiday spirit in The Village at Palisades Tahoe on Friday, November 25th. Enjoy a full afternoon of exciting events and activities that will be great for all ages. This event is totally free, and all are welcome to join. More Information
Where: The Resort at Squaw Creek
When: Dates TBD
Experience the magic of the holiday season at the Resort at Squaw Creek! There is truly something for everyone to enjoy during this grand celebration. Kick-off the season at the Grand Tree Lighting Ceremony and enjoy an abundance of events, shopping, family activities and so much more throughout this magical time. More information
Where: Downtown Tahoe City
When: November 30th | 12pm – 5pm
Kick off the holiday season in style at the Tahoe City Holiday Hop! Stroll through the local stores and begin your holiday shopping while enjoying wine, snacks, good cheer, and festive surroundings at Tahoe City Businesses. More Information
Where: The Lodge at Tahoe Donner
When: November 26th | 6pm – 7pm
There’s no better way to welcome in winter than with a little magic and merriment. Bundle up in your warmest coat and join your neighbors and friends for Tahoe Donner’s annual tree lighting ceremony. A community classic, the evening’s festivities include musical performances from a local choir, hot cocoa and cider to warm the body and soul, wine and beer for added cheer, and a very special visit from the man himself, Santa Claus! Tickets go on sale November 16th at 9am. More Information
Where: Tahoe Food Hub
When: December 15th, 4pm
The Second Annual Holiday Block Party is Thursday, December 15th from 4-8pm. Mark your calendars and enjoy friends from the Truckee Roundhouse and Sierra Community House for an evening full of holiday cheer, local food, drinks, and crafts! More Information
Where: Northstar California
When: Dates TBD
Head to The Village at Northstar for one of the most celebrated holiday traditions of the Tahoe region! Noel Nights invites families and friends to partake in classic holiday festivities for the first three weeks in December. During Noel Nights The Village at Northstar transforms into a winter wonderland featuring live music, ice skating, face painting, activities and Santa Clause! More information
Where: North Tahoe High School
When: December 16th, 17th & 18th
The Lake Tahoe Dance Collective brings you the Tahoe Nutcracker! Do not miss this incredible performance! This is a fantastic event for kids and adults alike. More Information
If you have questions about North Lake Tahoe Events, feel free to contact me. Dave Westall is your Tahoe Real Estate expert and is happy to answer any questions you have. Contact Dave at (530) 448-9882 or David@WestallRealEstate.com.
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SOLD! 10278 High St. Truckee, CA 96161 Congratulations to our clients who just sold their desirable desirable duplex income property located at 10278 High St. in Downtown Truckee. Offering a sunny south facing orientation and panoramic views, this property is perched just above downtown Truckee offering close proximity to shops, restaurants, employment centers, and transportation. […] The post SOLD! 10278 High St. appeared first on Lake Tahoe Real Estate, Truckee Real Estate, Tahoe...
Downtown Truckee is one of the best Tahoe locations to own an income property due to high market rents, walkable central location, proximity to employment centers, transportation is readily available and all Tahoe amenities are close by. This vibrant district offers amazing shops, restaurants and bars and are within walking distance of this duplex property. The Downtown Truckee Train and Bus Station are located close by offering easy access to Amtrak, TART, and other transportation options. Northstar Resort and Palisades Tahoe are just a fifteen-minute drive away allowing easy access to some of the region’s best ski resorts. This charming duplex will always be in demand in this bustling ski town.
Are you interested in Truckee income properties and second homes? Dave Westall is your Truckee Real Estate expert and is happy to answer any questions you have about purchasing or selling luxury homes in Truckee and North Lake Tahoe.
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Tahoe Real Estate Posts Lowest Number of Sales Since 2008 With mortgage interest rates hovering around 7%, an aggressive Fed battling inflation, and a barrage of negative news flooding our screens, it’s no wonder the North Lake Tahoe, CA real estate market has seen a significant volume slowdown since 2021. In the last 16 years, […] The post Lake Tahoe Real Estate October 2022 Market Report appeared first on Lake Tahoe Real Estate, Truckee Real Estate, Tahoe Luxury...
With mortgage interest rates hovering around 7%, an aggressive Fed battling inflation, and a barrage of negative news flooding our screens, it’s no wonder the North Lake Tahoe, CA real estate market has seen a significant volume slowdown since 2021. In the last 16 years, we have only had 1 other year where only 68 homes traded hands in October and that year was 2008 as we entered the “Great Recession.”
On a more positive note, October 2022 posted almost the exact same dollar volume as October 2021, with $129M in sales for the month. This is amazing, as we achieved this feat with 26% fewer sales. This was made possible as 70% of the sales that took place in October 2022 were priced over $1M, which is astounding. We also saw a $12M Martis Camp estate trade hands in October 2022, whereas the highest sale a year earlier was only $6.1M. It’s remarkable to achieve this level of dollar volume while having a significant decrease in the number of homes sold year over year.
Although the number of sales in October is off significantly, pricing remains on an upward trajectory in October 2022, and currently, sales volume is outpacing the number of new listings. With recent sales outpacing listing volume, the Tahoe market is showing its resilience. In the sales chart below, I added a moving average trendline to the median home price, which shows consistent appreciation in the market since 2012.
Since 2019 (pre-pandemic), the median home price is up 71%, and although we are off from the record market stats of 2021, the market remains on solid footing. My analysis shows that the Tahoe real estate market is not crashing. Instead, the velocity of the market has slowed significantly, but demand is outpacing supply which has kept upward pressure on pricing.
A majority of Lake Tahoe homeowners have significant equity and enjoy the utility that their homes provide. If an owner has a loan, it is typically a smaller loan at a favorable interest rate. For these reasons, sellers are not motivated to sell and are happy to enjoy their vacation homes until market conditions improve. Getting owners to part with their properties has become increasingly challenging over the last few years, which has helped with market stabilization.
*North Lake Tahoe, CA and Truckee Single-Family Home sales including lakefronts. Data is taken from the Tahoe-Sierra Board of Realtors, MLS Areas 1-9.
The term absorption rate refers to a metric used in a specific real estate market to evaluate the rate at which available homes are sold during a given period of time. Here are the metrics and absorption rate for the North Lake Tahoe, CA and Truckee real estate market.
Currently, there are 68 pending homes in escrow with an average list price of $1.8M and a median price of $1.1, which shows minor softening from September to October. This could be related to the sever lack of inventory, seasonal market shifts, or it could be the start of a trend. We will have to see what happens in November for confirmation and further analysis.
With only 2.1 months of inventory (homes for sale), the advantage has shifted from market stabilization to a slight lean to the seller’s advantage. Although the number of active buyers in the market is down year over year, housing inventory is highly constrained, so home pricing remains relatively stable. In a more typical market, we would be in a strong sellers market with 2.1 months of inventory, but in the current market that is plagued by fear, uncertainty and doubt, having less than 3 months of inventory has characteristics resembling a more stabilized market.
The first month of Q4 saw fewer sales taking place than last year due to lower buyer demand, yet inventory levels remain historically low, which has led to stabilized market conditions with a slight lean towards the sellers. Buyers remain excited about newer homes, updated homes, and properties located within desirable communities. Inversely, older/dated homes with differed maintenance issues are taking longer to sell as the market is timid when purchasing homes that need significant improvements, even if priced well within the market segment. The best-priced homes are moving quickly, while other listings tend to linger on the market, often requiring price reductions and deeper negotiations to get a sale done.
The dramatic market conditions of the “COVID Years” have subsided and although the Tahoe real estate market has slowed, it remains on sound footing, creating opportunities for buyers and sellers alike. We have entered a new chapter where fewer buyers exist in the market, housing inventory is constrained, and home prices have stabilized. At this point, it is apparent that we are not going to see above-average inventory increases, which will keep pricing stable as we navigate the 4th quarter of 2022.
View All Tahoe Real Estate Market Reports
October 2021 Real Estate Market Report
October 2020 Real Estate Market Report
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Giving Back to the North Lake Tahoe & Truckee Communities November is here bringing a time of reflection, gratitude and a strong emphasis on giving back. There are so many wonderful ways of giving back in North Lake Tahoe and Truckee during the holiday months and supporting those in need. The Westall Real Estate […] The post Giving Back to North Lake Tahoe and Truckee appeared first on Lake Tahoe Real Estate, Truckee Real Estate, Tahoe Luxury...
November is here bringing a time of reflection, gratitude and a strong emphasis on giving back. There are so many wonderful ways of giving back in North Lake Tahoe and Truckee during the holiday months and supporting those in need. The Westall Real Estate team proudly donates 1% of our commission to support the local community and nonprofit organizations all year long as part of our ‘Tahoe For All’ program. While there are so many wonderful nonprofits to donate your time and money to, we have highlighted a few of our favorites that help make the holidays better for everyone in need.
The Sierra Community House is a combination of four long-standing social service organizations — Family Resource Center of Truckee, North Tahoe Family Resource Center, Tahoe SAFE Alliance, and Project MANA. Their goal is to better serve our region, share resources, leverage partnerships, and connect individuals and families with the services they need to thrive to build the strength, safety, and resilience of the community. This is a great organization to donate to all year long as it helps so many throughout the community. Learn more
The Truckee Community Christmas organization is run completely by volunteers and is a non profit 501(c)(3) umbrella organization. This amazing organization coordinates various drives during the holidays to help families in need in the Truckee area. Their board members work with agencies such as the Sierra Community House, Head Start, Nevada County Health, the STEPP program and area schools and churches to provide grocery store gift cards and age-appropriate toys for each child in the family. The senior program provides grocery gift cards to identified low income seniors and to area homebound seniors. All goods provided to recipients are donated by community members. Last year, the organization was able to benefit just under 800 individuals within the community. To find out more about how you can help, visit the Programs and Volunteer pages.
KidZone MuseumThe KidZone Museum is a children’s museum in Truckee, California that serves 30,000 visits annually. Our mission is to inspire learning through creative play and discovery. Our exhibits are optimal for children under 7. Our camps and school programs are designed for children through elementary school. Teenagers can gain important service learning experience through our volunteering at the museum. More Information
Give Back TahoeGive Back Tahoe (GBT) brings the community together to remind everyone what the spirit of the holiday season is about! The Give Back Tahoe end of the year campaign raises awareness to all local nonprofits that support the community. Last year GBT raised $428,821 to serve people, animals and the environment which all contribute to make Tahoe Truckee such a special place. The Give Back Tahoe 2021 campaign is underway now. Find out more here.
Please contact us more information on giving back in North Tahoe and Truckee community. We are here to help in any way we can.
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SOLD! 9842 North Lake Blvd. 9842 North Lake Blvd. | Kings Beach, CA Congratulations to our clients on the sale of 9842 North Lake Blvd! This tastefully updated 3 bed, 2 bath Tahoe cabin located within close proximity to Speedboat Beach and all Crystal Bay amenities. The sunny, south facing back deck is perfect […] The post SOLD! 9842 North Lake Blvd. appeared first on Lake Tahoe Real Estate, Truckee Real Estate, Tahoe Luxury...
Access everything that North Lake Tahoe has to offer from this amazing Kings Beach property located at 9842 North Lake Blvd. Located within walking distance to Speedboat Beach, which is arguably one of the best beaches on the N Shore, this cabin is the ultimate Tahoe getaway. The Casinos just over the State Line at Crystal Bay are walking distance, providing a higher level of entertainment for adults. Enjoy easy access to the Tahoe National Forest for hiking and mountain bike trails. Northstar Ski Resort is located within close proximity offering world-class skiing in the winter months and golfing and mountain biking during the summer months. Kings Beach is an amazing year-round community offering easy access to the lake, delicious restaurants, shopping, hiking & biking and so much more.
Are you interested in Lake Tahoe homes for sale ? Dave Westall is your Kings Beach real estate expert and is happy to answer any questions you have about purchasing or selling Lake Tahoe vacation homes.
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