lake tahoe homes for sale

Lake Tahoe’s Tallac House from ‘The Bodyguard' Lists for $8M

In a scene from 1992’s “The Bodyguard,” Kevin Costner‘s character, hired to protect the music star played by Whitney Houston, runs down a snowy wooden pier and dives into the water to rescue a boy from a boat just before it explodes. (Cue a Houston ballad.)

Off the silver screen, that same 76-foot-long pier and the property attached to it are known in real life as Tallac House, which just listed for $7,995,000 in South Lake Tahoe, CA.

The insanely ornate, all-wood, 3,000-square-foot house has had its Hollywood close-up. Twice. More on that in a moment.

What price range of homes for sale in Lake Tahoe has the largest inventory?

When looking at the entire state of California the average price of a home for sale is $307,600. In Nevada you have a huge spectrum of home values due to the diversity of cities, therefore the average sales price is only $145,400.

Tough Lake Tahoe Real Estate Market For Buyers

The current Lake Tahoe real estate market is a tough one for buyers because it has turned into a big seller's market for homes priced under $500,000. Homes are selling so quickly that the moment a buyer sees a home they are interested in it's already in escrow.

Lake Tahoe Real Estate Buyer's Market turns Seller's Market

I'm watching our Lake Tahoe Buyer's market turn to a Seller's market as I write this blog. The recent actions of Lake Tahoe home owners indicates to me that we are at beginning of a seller's market. In the last 30 days, 12 California homeowners withdrew their Lake Tahoe homes for sale off the market. On the Nevada side of Lake Tahoe, 4 homeowners pulled their homes off the market during the same period.

Median Price Going Up

Lake Tahoe Home Sales: Is it a Buyer's Market or a Seller's Market?

The median home prices of California homes sold reached a 4-year high in August according to the California Association of Realtors. In their August sales report released this week, CAR reports that home sales fell off slightly for the month but are maintaining a strong pace with 5 straight months of year over year sales gains. They also reported that inventory of homes for sale continues to be an issue with inventory at a 6 year low. You will notice similar trends in Lake Tahoe as I explain in more detail below.

Where to buy a Lake Tahoe home...Nevada or California?

Just a few years ago home buyers were choosing the Nevada side over the California side when looking for a Lake Tahoe home to purchase. Taxes were lower and schools were better so Nevada was more attractive. But is that still the feeling? There's good news, and bad news, depending on which neighborhood/state you're set on owning a home in.

Shining Example of Schools in South Lake Tahoe, Calif.

Real Estate: Tahoe Keys Neighborhood - Facts and Figures

South Lake Tahoe Real Estate is comprised of homes for sale in some fantastic neighborhoods. The Tahoe Keys is one of those and has long been known as home to upper scale houses with boat docks in the back yard, fantastic views of the lake and a very appealing place to call home. Built in the late 1950s and early 1960s, this 740 acre development at the mouth of the Truckee River was created with lakefront living in mind with its 11 miles of backyard waterways.

Syndicate content