The Q Take | Record Market Growth in 2024

Real Estate Market and Trends

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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.