Market Insights Around Lake Tahoe: Q1 2025

Lake Tahoe Real Estate: A Steady Favorite in an Unsteady World

Navigating through tariffs, stock market fluctuations, and our ever-changing world, one thing remains constant: people love Lake Tahoe.  It is as beautiful as it is simple — and that’s why we continue to believe in the lasting strength of our local real estate market.

The Chase International 2025 Q1 Market Reports are in, and they offer a revealing snapshot of buyer behavior and property performance across the Lake Tahoe basin. Here’s a look at what’s happening in Incline Village, the West Shore, and the North Shore.


Incline Village: Luxury Still Leads

In Q1 2025, Incline Village saw 19 units sold — a significant drop from 30 in Q1 2024, yet the market’s luxury strength remains notable.

  • Median Price: $1,850,000

  • Average Price: $1,959,842

  • Homes Over $1M: 15

  • Homes Under $1M: 4

Despite a -37% decline in units sold, the market held strong with luxury demand. Median prices were down slightly from last year, but with 100% more homes sold under $1M (4 this year vs. 2 in 2024), there’s a signal that opportunity exists at every level of the market.


West Shore: A Rise in Value

The West Shore had 16 units sold in Q1 2025. While this reflects a small decline from last year (19 units in Q1 2024), property values are rising fast.

  • Median Price: $1,362,827 (+19%)

  • Average Price: $3,127,681 (+97%)

Luxury homes dominated the market with 9 of the 16 sales over $1M, indicating a strong preference for waterfront and exclusive West Shore living. This area is clearly gaining traction as a premium destination within Tahoe.


North Shore: Momentum Building

The North Shore showed encouraging signs with 18 units sold, up from 15 in Q1 2024 (+20%).

  • Median Price: $1,397,500 (+27%)

  • Average Price: $2,034,166 (+73%)

  • Homes Over $1M: 14

  • Homes Under $1M: 4

The North Shore’s appeal continues to grow, especially among luxury buyers. With a jump in both median and average price, this area reflects a market that’s not just holding steady — it’s accelerating.


Why It Matters

Across all three areas, one theme is clear: buyers continue to choose Lake Tahoe for its beauty, lifestyle, and investment potential. While unit volume may fluctuate with broader economic forces, home values and high-end interest remain strong.


Q1 2025 Sales Snapshot (All Areas):

✅ Incline Village: 19 units sold
✅ North Shore: 18 units sold
✅ West Shore: 16 units sold
✅ Truckee: 93 units sold
✅ Tahoe Donner: 33 units sold


Whether you’re a potential buyer, seller, or investor, the Chase International market reports offer the insights you need to stay ahead. Read the full Q1 2025 Market Stats here.

📬 Want a personalized market breakdown or a valuation of your home?
🔗 Click here or DM me anytime.

Stay informed. Stay confident.
— Amie with The Q Group

Coffee Talk | Real Estate Contingencies

buyer home protection

Real Estate Contingencies: Your Winter Survival Plan

Real estate contingencies and winter conditions both serve as protective measures—whether in a home purchase or an outdoor adventure.

Investigation Contingency = Checking the Weather Forecast

Just like you wouldn’t head into a snowstorm without knowing what’s coming, an inspection contingency lets buyers assess a home’s condition before fully committing.

Appraisal Contingency = Ensuring Safe Road Conditions

If the roads are too icy, you might rethink your travel plans. Similarly, if a home appraises for less than the purchase price, this contingency lets the buyer reassess financing or renegotiate to avoid overpaying.

Financing Contingency = Packing the Right Gear

Just like you need the right winter gear to handle freezing temps, securing financing is essential to ensure the contract goes through. If a buyer’s loan falls through, this contingency acts as a safeguard.

Final Thoughts

Each contingency, like winter preparedness, helps prevent being caught in a tough spot. If removed too soon—just like venturing into the backcountry without the right equipment—you might face challenges that could have been avoided.

📩 Buying a home? We’re here to guide you with expert knowledge, ensuring your contract has the right protection for a smooth transaction.

Contact Amie Quirarte with The Q Group

The Q Take | Record Market Growth in 2024

Real Estate Market and Trends

View Full Market Report

The Lake Tahoe luxury market experienced significant growth in 2024, highlighted by record-breaking sales and strong demand. A landmark transaction set a new benchmark for the Tahoe Basin, reflecting the appeal of the region’s high-end properties. While some areas saw substantial increases in activity, others faced slight declines, all underscored by a persistent inventory shortage driving prices upward. Despite these challenges, property values remain stable, supported by sustained buyer interest.

For more information on Lake Tahoe properties or questions on the real estate market, contact Amie Quirarte with The Q Group.

JUST SOLD | 11260 Alder Drive, Truckee

JUST SOLD | REPRESENTED BUYER

11260 Alder Drive, Truckee, California

7 Bedrooms | 5 Bathrooms | 3,492 SF

Sale Price $1,615,000

Courtesy photo: Elder Group Tahoe | Chase International

 

Historic downtown Truckee is one of Tahoe’s most livable and loved communities. With an adorable downtown, great shopping and delicious dining, you’ll love living here. Lake Tahoe is 20 minutes away or, just minutes from downtown, you’ll find Donner Lake with its public docks and beautiful mountain setting. Not only is Truckee just 30 minutes from Reno on I-80, but it’s also a hub of outdoor activities all year long with access to world-class ski resorts, hiking trails, mountain biking, mountain climbing and watersports just minutes from the heart of downtown. With luxurious enclaves in the Martis Valley, local resident communities like Glenshire Devonshire and Sierra Meadows, condominiums sprinkled throughout the area and homes along the Truckee River, Truckee has properties for everyone. Picture yourself walking to Truckee Thursdays, buying local produce at one of the Farmers Markets, rocking out at Music in the Park, or biking the Legacy Trail.

For more information on Truckee properties, contact Amie Quirarte with The Q Group.

JUST SOLD | 505 Old Mill Road, Tahoe City

JUST SOLD | REPRESENTED BUYER

505 Old Mill Road, Tahoe City, California

3 Bedrooms | 2.5 Bathrooms | 2,736 SF

Sale Price $1,350,000

Courtesy photo: Mountain Luxury Properties

What could be more perfect than a town on the shores of Lake Tahoe? The majority of condos and homes here are either on the North Shore or the West Shore of Lake Tahoe separated by the “Y” intersection of Highways 28 and 89 in Tahoe City making it the hub many communities in both directions. Both areas have fantastic benefits – the West Shore tends to have a slower pace and miles of trails and the North Shore tends to be sunnier and has spectacular beaches. The areas around Tahoe City have offerings like classic old Tahoe condos and homes, new mountain modern single-family homes and luxury enclaves with unparalleled amenities and private beaches. So, whether you’re looking for a private beach and pier, a pool for the kiddos, a classic Tahoe cabin or a small condominium to use as a basecamp, Tahoe City has you covered.

For more information on Tahoe City properties, contact Amie Quirarte with The Q Group.

JUST SOLD | 160 Cherry Street, Homewood

JUST SOLD | REPRESENTED SELLER

160 Cherry Street, Homewood, California

6 Bedrooms | 5.5 Bathrooms | 5,670 SF

Sale Price $6,700,000

Tahoe Swiss Village is a family-friendly community built as “an Alpine community in the Swiss tradition” and is located on the West Shore of Lake Tahoe. The 80-property community offers a variety of property types and includes access to their private lakefront beach area. The developer’s Swiss vision included streets named after famous mountain passes in the Swiss Alps like Simplon, Furka and Grimsel. Both Homewood and Sunnyside are nearby for dining and services. In the summer, be sure to catch a sunset from Sunnyside’s gorgeous outdoor seating or, better yet, from Tahoe Swiss Village’s private beach.

For more information on West Shore properties, contact Amie Quirarte.

Q3 2024 Market Report from The Q Group

Market Spurs Buyer Opportunities Ahead

In the first three quarters of 2024, all micro-regions saw an increase in the number of single-family homes sold year over year. However, while the slight uptick of homes sold is promising, the overall sales volume sits at around half the number of homes sold in the 2020 peak, and well below the average number of homes sold in the past decade. Lower sales volume is partially driven by overall inventory being down from the peak sales volume years.

In the Tahoe Sierra MLS, supply is down 33% from 2019. Median price remains robust, with Truckee reaching an all-time high ($1.3M) and both Incline Village & Crystal Bay, and the Tahoe Sierra MLS matching their 2022 record highs ($2.5M and $1.25M respectively). Lakefront activity has been notable, with sales volume increasing 67% year over year. Median price of lakefront sales stands at $8.2M. The high lakefront sale was 859 Lakeshore in Incline Village, NV for $47.5M.

Now, as we head into the fourth quarter, where the season change typically slows down Lake Tahoe real estate, sellers become more motivated and buyers who have waited may find their opportunity to pounce. As we transition into 2025, the uncertainty surrounding the election will be behind us, and the anticipated decline in interest rates is expected to boost sales activity, driving prices even higher. If you are a buyer and have a property in your sights, make a move now for the best deal.

The Q Take

The year-over-year rise in home sales is positive, but overall volume remains well below peak levels, largely due to reduced inventory. Strong median prices in Truckee, Incline Village, and lakefront areas show market resilience. As we approach the slower fourth quarter, motivated sellers could offer good opportunities. With potential rate cuts and post-election clarity expected in 2025, buyers should act now to secure the best deals before prices rise further.


Inside the Market Report

View Full Market Report

For more information on the Lake Tahoe real estate market, contact Amie Quirarte.

JUST SOLD | 645 High Street, Carnelian Bay

JUST SOLD | REPRESENTED SELLER

645 High Street, Carnelian Bay, California

4 Bedrooms | 3 Bathrooms | 3,126 SF

Sale Price $1,800,000

Home to the Tahoe institution, Gar Woods, Carnelian Bay has both single-family residences and one condominium complex called Carnelian Woods. Carnelian Bay’s history stretches back to 1889 when it was listed as one of Lake Tahoe’s permanent settlements and was finally accessible by both land and water. Over the years it has been a popular place to race boats, became home to the Sierra Boat Company and, in 1988, the lakefront Gar Woods was opened with its unbeatable views of Lake Tahoe.

With the Sierra Boat Company located right in Carnelian Bay, boating is obviously easily accessible for residents. Patton Beach is a great spot for your 4-legged friend to get some lake time. Or maybe you want to launch your kayak or paddleboard for a day of paddling? Watermans Coffee house offers breakfast and lunch items and coffee if you’re hungry after your time on the water. For some family fun, Carnelian Bay is home to Magic Carpet Golf with 66 mini golf holes.

Carnelian Bay is about 6 miles east of Tahoe City on Highway 28 and 5 miles west of the California/Nevada state line.

For more information on real estate in Carnelian Bay, contact Amie Quirarte.

JUST SOLD | 7642 North Avenue, Tahoe Vista

JUST SOLD | REPRESENTED BUYER & SELLER

7642 North Avenue, Tahoe Vista, California

5 Bedrooms | 4 Bathrooms | 3,003 SF

Sale Price $1,800,000

Located on the North Shore in between Carnelian Bay and Kings Beach, Tahoe Vista is the home to some of Lake Tahoe’s most picturesque and family-friendly public beaches including Moon Dunes Beach and Sandy Beach. The area is surrounded by hiking and biking trails and is in a great location to enjoy all of North Lake Tahoe’s ski resorts in the winter time. One of the best outdoor amenities in this area is the Tahoe Regional Park with winter and summer trails, a dog park, a disc golf course, athletic fields and picnic areas. Tahoe Vista, including Tahoe Estates and Tahoe Marina Estates, offers many quiet forested single family and condo properties to get away from it all as well as some lakeside properties.

For more information on real estate in the Tahoe Vista neighborhood, contact Amie Quirarte.

JUST SOLD | 1126 Regency Way, Tahoe Vista

JUST SOLD | REPRESENTED SELLER

1126 Regency Way, Tahoe Vista, California

3 Bedrooms | 2 Bathrooms | 1,848 SF

3 OFFERS WITHIN 4 DAYS

SOLD $100K OVER THE ASKING PRICE

Sale Price $1,080,000

Located on the North Shore in between Carnelian Bay and Kings Beach, Tahoe Vista is the home to some of Lake Tahoe’s most picturesque and family-friendly public beaches including Moon Dunes Beach and Sandy Beach. The area is surrounded by hiking and biking trails and is in a great location to enjoy all of North Lake Tahoe’s ski resorts in the winter time. One of the best outdoor amenities in this area is the Tahoe Regional Park with winter and summer trails, a dog park, a disc golf course, athletic fields and picnic areas. Tahoe Vista, including Tahoe Estates and Tahoe Marina Estates, offers many quiet forested single family and condo properties to get away from it all as well as some lakeside properties.

For more information on real estate in the Tahoe Vista neighborhood, contact Amie Quirarte.