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Sales volume of single-family homes on the Tahoe Sierra MLS dropped 11% from April and 23% year-over-year, yet median price grew 8% over April and 11% year-over-year. Truckee also saw a decrease in sales volume of single-family homes and an increase in median price since April as well as year-over-year. Lakefront sales in 2019 of single-family homes between Incline Village and Rubicon Bay are down 44% with nine lakefronts sold 2018 and five total sales in 2019. However, there are currently 21 single-family lakefront homes actively listed for sale versus 13 active listings at this time last year. With Memorial Day Weekend being the kick-off of listing season, all markets saw an increase in active listings over April.
~ Bill Dietz/principal broker, Tahoe Luxury Properties