FEBRUARY 2023
PRESENTED BY TRINKIE WATSON
Dear Tahoe Lakefront Owner,
Februarmageddon! And, not sure our snowy winter is over yet. The great news is that we will have several more feet in Lake Tahoe in which to play! Most piers, if not all, will be in water which means beaches will be smaller. So, what do you want? Your boat at the pier or more beach for picnicking? Such a conundrum!
The cover photo is a tease for anyone contemplating a lakefront purchase. Now is the time to sell with an extreme shortage of lakefront properties available. This year could be a win-win for those who know exactly what they are looking for when it comes to a lakefront home. Many potential sellers are getting ready. As you can see from the report, we are way short on ‘for sale’ inventory. So – here’s the pitch – if you have any thoughts of selling your beautiful property, I’d like to meet with you to give you the most beneficial options.
Another temptation for sellers marketing properties will be the 27th Chase International Luxury Estates Tour on Wednesday, June 21. This is a great opportunity to showcase our beautiful homes to an invitational list of curated clients and seasoned Luxury Agents from the Bay Area looking for that special lakefront property.
Love to hear from you, with 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!
LAKEFRONTS FOR SALE
West Shore – 1
North Shore – 1
Incline Village/Crystal Bay – 3
East Shore – 8
South Lake Tahoe – 0
FEBRUARY ACTIVITY
Single Family Homes
LAKEFRONTS IN ESCROW LAKEFRONTS SOLD
West Shore – 2
North Shore – 0
Incline Village/Crystal Bay – 0
East Shore – 2
South Lake Tahoe – 0
West Shore – 0
North Shore – 0
Incline Village/Crystal Bay – 0
East Shore – 0
South Lake Tahoe – 0
As of February 28, there were still 13 single family lakefront homes on the market – one went off the market in Incline and a new $35M on the East Shore came on. Four in escrow now – two on the West Shore, one a recent listing on the East Shore at $8.995M and another East Shore year-old listing at $12.9M. The West Shore escrow listed at $3,250,000 was scheduled to close end of February but did not. The other escrow is a new build, not yet complete.
Single Family Homes Year-to-Year Comparison
SOLD – 01/01/23 – 02/28/23
West Shore – 0
North Shore – 0
Incline Village/Crystal Bay – 0
East Shore – 0
South Lake Tahoe – 0
SOLD – 01/01/22 – 02/28/22
West Shore – 1
North Shore – 2
Incline Village/Crystal Bay – 0
East Shore – 0
South Lake Tahoe – 0
Only change from last month’s report is a closing on the West Shore in 2022.
Condominium / Townhouse Year-to-Year Comparison
SOLD – 1/1/22 – 01/31/23
West Shore – 2
North Shore – 1
Incline Village/Crystal Bay – 2
East Shore – 0
South Lake Tahoe – 1
SOLD – 01/01/22 – 01/31/22
West Shore – 0
North Shore – 1
Incline Village/Crystal Bay – 0
East Shore – 1
South Lake Tahoe – 3
Overall, the lakefront market is going to stay pretty quiet until the weather settles down, we can shovel out and get decent access to properties. May be May or June! The East Shore is getting more action with a little less snow accumulation than on the North/West Shores. With current interest in and sales of high-end properties in other parts of the country, we should see nice activity on Lake Tahoe when the skies are blue and lake level up!
Information deemed reliable, not guaranteed. Courtesy of – Tahoe Sierra Multiple Listing Service, Incline Village/Crystal Bay Multiple Listing Service, Northern Nevada Multiple Listing Service, South Lake Tahoe Multiple Listing Service
