Tahoe Lakefront Report - July 2023

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Summercamptahoe.com

Rubicon $35,000,000

PRESENTED BY TRINKIE WATSON

PREPARED FOR <<NAME HERE>>

July 2023

Dear <<Name Here>>,

For July’s Lakefront report, I’m going to feature photos of a few of Chase International’s lakefront homes for sale. As we head into the last days of summer and fall, we tend to see an uptick in showing and sales activity as evidenced by a couple of new escrows and sales in August.

Please call me if you’d like to discuss any of the activity reflected in the adjoining report. Now that summer is almost over, it can be a good time to bring desirable homes to market. If you are keeping yours forever, congratulations! It’s great to see legacy properties stay in families. However, life is change, and sometimes it’s time to move assets around. We can help!

Best wishes,

TRINKIE WATSON REGIONAL LAKE TAHOE BROKER© 530 582 0722 twatson@chaseinternational.com www.trinkiewatson.com CA 00326518 | NV BS 1022 Scan here to check out my weekly Tahoe update!
Rockhaven Meeks Bay $27,950,000
Crystal
1180 Highway 50 Glenbrook $34,995,000
187 Yellow Jacket Glenbrook $21,995.000 480 Gonowabie Crystal Bay $28,850,000
Pointe Crystal Bay $49,500,000

As of July 31, there were 25 single family lakefront homes on the market, reflecting a bit of activity since June with 2 more in escrow on the West/North shores. One new escrow on the West Shore was a listing that started at $14.5M and reduced to $12.5M, due to close toward the end of September. The two Incline/Crystal Bay solds were $15M (off market) and $22.873M, down from list at $25M. August is already seeing a bit more viewing and escrow activity, not unusual as we head into end of summer and fall. No change in any of the South Lake Tahoe stats as their MLS provider had a cyberattack across the country that’s taking days to resolve, so I have no way to access the information.

HOMES SOLD

Still lagging 2022 sales, but creeping up!

The lakefront condominiums are a challenge to report as we have numerous lakefront condo complexes. However, few of the units are directly on the water. So, in our reporting, we try to report those that don’t have anything between the building and the water. Right now, there is one Fleur du Lac condo on ‘waiver’, which means not active in MLS but can probably be sold. One of the 2 ‘off market’ units last month did sell and has not been reported in MLS. A Stillwater Cove unit sold at $4M in July.

JULY ACTIVITY - SINGLE FAMILY
FAMILY LAKEFRONT
YEAR-TO-YEAR COMPARISON
CONDOMINIUM/TOWNHOUSES
YEAR-TO-YEAR COMPARISON LOCATION LOCATION LOCATION FOR SALE YTD – 07/31 /23 YTD – 07/31/23 IN ESCROW SOLD YTD – 07/31 /22 YTD – 07/31 /22 West Shore North Shore Incline Village/Crystal Bay East Shore South Lake Tahoe West Shore North Shore Incline Village/Crystal Bay East Shore South Lake Tahoe West Shore North Shore Incline Village/Crystal Bay East Shore South Lake Tahoe 5 6 4 7 3 1 1 3 3 0 3 2 4 2 1 2 1 0 0 0 0 0 2 1 0 3 5 0 4 0 3 2 2 2 3
HOMES SINGLE
LAKEFRONT
SOLD
Tahoe Sierra Multiple Listing Service, Incline Village/Crystal Bay Multiple Listing Service, Northern Nevada Multiple Listing Service, South Lake Tahoe Multiple Listing Service

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