Market Favors Buyers

With Fall upon us here in Tahoe Truckee, the golf season is officially about to wind down to a close here in the mountains.  But if you have been dreaming of a golf course home here at one of our beautiful communities, this might well be the BEST time to buy:

  • There are fewer buyers in the market
  • Inventory is strong
  • The Fed's monetary policy has had a downward pressure on pricing

California or Nevada?

Golf is everywhere here in Tahoe Truckee. And in this guide I have not included public (or semi-public) courses like the two excellent golf course in Incline Village, the public course at Brockway (near Kings Beach, CA), Coyote Moon in Truckee, Tahoe Donner (which, while open to the public, also offers nice homes…

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Despite news of inflation and a stock market that's been pummeled by the Fed's unrelenting attack on interest rates, homes in gated golf course communities around Lake Tahoe continue to show strong sales.  As of this writing (Sept 23), 79 homes have sold this year in gated communities from Truckee (home to the Martis Valley trio of Lahontan, Martis Camp & Schaffer's Mill) to the East Shore of the Nevada side of the Lake, where money is consistently flowing into Clear Creek, a gated golf course community off Highway 50 with its own lakefront clubhouse at Tahoe.

Many of these sales are cash, which suggests that luxury real estate continues to be a good investment when the stock market is on wobbly knees.

Here's the quick wrap:

Clear Creek,…

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Taxes or ...?

One question I often get from buyers looking for property at Lake Tahoe: Why is Incline Village so much more expensive than other areas around the Lake?

The easy answer is: Taxes

With no state income tax, no inheritance tax, and favorable treatment for many businesses, the Nevada side of the Lake has a strong pull. For years, I found it perplexing that the the highest median sales price for a Luxury Home in Incline Village/Crystal Bay (1M+, which rules out PUD housing) was 2009. When the rest of the nation's housing prices fell to rock bottom, the median sales price of an Incline home inched over the $2 million mark. Hmm ...?

Then Covid hit, and in the scramble to pick up a place to escape the confines of city life, Incline sales…

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Looking for a Deal in Tahoe?

Meeks Bay Home

What $6 million buys at Lake Tahoe (a small 1950s cabin with a priceless view).

Buyers are back in the driver’s seat in the Tahoe Truckee real estate market.

With more homes to choose from, and fewer buyers leaping at new listings, sharp pricing became key for sellers this summer.  Homes that were strategically underpriced continued to receive multiple offers, but roughly half the homes in any given market lowered their asking prices to make a deal.

In a new twist on the summer market, high-end buyers gravitated away from Lake Tahoe and toward Martis Camp.  The tony gated community at the base of Northstar’s Lookout Mountain saw 11 homes change hands this past summer (more than half of them at or over asking),…

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