LUXURY
REAL ESTATE MARKET REPORT
FALL WINTER 2025
LAKE TAHOE | TRUCKEE | RENO-SPARKS | CARSON VALLEY
SACRAMENTO | LAKE ALMANOR
PEDALING THE ICONIC FLUME TRAIL, WITH LAKE TAHOE STRETCHING ENDLESSLY BELOW.
Chase life.
What an extraordinary summer it has been in Lake Tahoe. From sun-soaked days on sapphire waters to starlit evenings in the Sierra, the season unfolded with gatherings that celebrated both place and purpose.
Among the most inspiring moments were those that united community with philanthropy. The Summer Social and Rodeo at Shakespeare Ranch, benefiting Keep Memory Alive, once again brought together friends, family, and neighbors for an unforgettable weekend—raising vital support for brain health research and care. Equally dazzling, the League to Save Lake Tahoe’s 56th Annual Fashion Show, featuring the timeless designs of Oscar de la Renta, carried forward its proud legacy of protecting our beloved lake, merging high fashion with an enduring environmental mission. These events remind us that Tahoe is not only a destination, but a community dedicated to giving back and sustaining its natural beauty.
In the realm of real estate, Tahoe continues to stand tall as an ultra-luxury market of rare distinction. Clear Creek Tahoe, celebrated for its design and lifestyle, earned top honors in the Tahoe Quarterly Home Awards. More than a community, Clear Creek Tahoe has become a driver of architectural innovation in Lake Tahoe, advancing a new standard of thoughtful, modern mountain design. With more than $950 million in sales volume since 2017, its success story continues to inspire. Meanwhile, in Incline Village, change is on the horizon with the demolition of the Lone Eagle Grille by Larry Ellison’s group, signaling a bold new chapter for Tahoe’s luxury hospitality. On the West Shore, Mark Zuckerberg’s growing compound and Discovery Land Company’s vision for Homewood reflect the scale of investment and imagination shaping the next generation of Tahoe living.
Beyond the lake, Reno is emerging as a dynamic complement to Tahoe’s luxury lifestyle. With cultural growth, a flourishing arts scene, and record-setting real estate achievements, the Biggest Little City is proving itself as both a hub of innovation and a natural extension of the Tahoe experience. Together, Tahoe and Reno embody a region alive with possibility— where design, lifestyle, and community flourish in harmony.
As we look toward the close of the year, the market remains both dynamic and resilient. Today’s ultra-luxury buyers are seeking more than homes—they are seeking legacy, lifestyle, and meaning. That is the Tahoe story, one that blends natural wonder, human connection, and architectural excellence into a timeless vision of living well.
At Chase International, we are proud to be part of this story, standing with our clients, colleagues, and community as stewards of an extraordinary way of life.
Luxury wishes,
shari chase founder & ceo chase international
WATER'S EDGE | OFFERED AT $35,000,000
LISTED BY SHARI CHASE, SUSAN LOWE, MIKE DUNN AND CLAUDIA THOMPSON
Cover Reveal
FLOWING WITH THE WIND AT THE 39TH ANNUAL BURNING MAN FESTIVAL, A VIBRANT DESERT DRESS CAPTURES THE COLOR, CREATIVITY, AND FREEDOM OF THE PLAYA.
WELCOME
LUXURY INSIGHTS
2025 LUXURY & LAKEFRONT STATISTICS
CHASE SIGNIFICANT SALES .....................
CHASE SALES STATISTICS
CHASE LUXURY COLLECTION
LUXURY OUTLOOK
CHASE GREEN RIBBON EXPERIENCE
LUXURY PARTNERSHIPS
CRYSTAL MODERN | OFFERED AT $28,500,000
LISTED BY THE DONOVAN GROUP LUXURY TEAM
luxury Insights
LAKE TAHOE
The luxury market in Lake Tahoe experienced an impressive increase in sales for 2025, highlighted by six transactions exceeding $20 million. The region's highest-priced sale, located on Tahoe's East Shore, sold for $41 million. Overall, there were 16 sales over $10 million this year, a decrease from last year's total of 19. The ongoing inventory shortage across all regions is driving both average and median prices upward compared to 2024. Unless inventory levels begin to rise, property values are expected to remain strong.
In comparison to this time last year, 307 single-family homes priced over $1 million were sold, reflecting a 9% increase from 274 sales in 2024. Sales volume around the lake increased significantly, led by the West and North Shore, which saw a massive 62% increase, buoyed by a $27.5 million transaction where Chase represented the buyer. The East Shore reported an impressive 49% increase in sales volume, while South Lake increased by 4%. In contrast, Incline Village experienced a 19% increase, helped by a $24.5 million sale represented by Chase.
Lakefront sales have surged notably in all areas except the South Shore, which has yet to record a lakefront sale in 2025. The East Shore experienced a staggering 1,404% increase in volume, totaling three sales. Incline Village and Crystal Bay volumes increased by an astonishing 764% with four transactions. The median price increased around the lake, with the East Shore experiencing a 456% increase, driven by multiple sales exceeding $35 million. The median price in Incline Village and Crystal Bay rose by 108%, while West and North Shore saw an increase of 28%.
TRUCKEE
The Truckee market remained relatively stable, with a 10% increase in volume. However, there was a 7% decrease in the number of units sold and a 5% rise in the median price. Martis Camp continues to stand out, boasting the highest-priced home sale this year at $12,195,000, a significant decrease from last year's record-breaking $23.6 million sale.
RENO-SPARKS
Reno-Sparks has seen a notable increase in luxury sales this year, resulting in a robust 20% rise in volume and a 15% increase in units sold over $1 million. However, the median price remained steady with a 2% increase. The thriving economic environment is contributing to heightened demand for luxury homes in this primary market, with Pecetti Ranch witnessing the most expensive sale in 2025 at $5,150,000. Just outside Reno, Verdi recorded an extraordinary sale of $6,200,000, also represented by Chase.
CARSON VALLEY
Carson Valley experienced a decrease across the board, with a 25% drop in volume, a 22% decline in units sold, and a 6% decrease in the median price. Clear Creek Tahoe continued to impress with three sales surpassing $10 million, with Chase International representing both buyers and sellers in these transactions. The highest-priced sale, also represented by Chase, achieved a record-setting price of $12,050,000 for a new, custom Tesla-powered home built by Whisper Homes.
LAKE ALMANOR
As our newest market area, Lake Almanor is being hailed as "the affordable Lake Tahoe." This region experienced a notable 10% increase in volume, a 25% rise in units sold, and a 14% decline in the median price. The top sale in 2024 reached $2,245,000, with Chase representing the seller.
SACRAMENTO
The greater Sacramento region, particularly Placer County and El Dorado County, maintained strength, showing a 10% increase in volume compared to 2024 for homes priced over $1 million, with 1,114 sales compared to 1,064 last year. The median price remained stable from $1,260,000 in 2025 to $1,265,000 in 2024. The highest-priced sale in this region occurred in Loomis, fetching $6,770,000.
Properties Sold Over $1 Million
East Shore Lake Tahoe
from stateline north to glenbrook, ne vada
South Lake Tahoe california
p 49%
VOLUME
2025: $193,974,019
2024: $130,080,100
p 4%
VOLUME
2025: $112,091,032
2024: $108,060,550
UNITS
2025: 42
West/North Shore
california
Incline Village ne vada
p 62%
VOLUME
2025: $301,782,725
2024: $186,290,690 19%
2025: 81 2024: 63
p 19%
VOLUME
2025: $302,111,638
2024: $254,211,500
p 10%
VOLUME
2025: $534,477,680
2024: $485,554,773
p 12%
MEDIAN PRICE 2025: $1,675,000 2024: $1,500,000
UNITS
2025: 101 2024: 84
p 1%
UNITS
2025: 83
2024: 82
2024: 52 7%
UNITS
2025: 208
2024: 223 p 29% UNITS
p 20%
p 6%
PRICE
$1,325,000
MEDIAN PRICE
2025: $1,500,000 2024: $1,416,150
$1,560,000 16%
MEDIAN PRICE 2025: $2,225,000 2024: $2,662,500
p 5%
MEDIAN PRICE
$1,762,500
$1,685,000 15%
Truckee
Reno/Sparks
ne vada
p 20%
VOLUME
2025: $656,118,339 2024: $547,290,037
Carson City
ne vada 25%
VOLUME 2025: $16,955,438 2024: $22,743,000
Carson Valley
ne vada
Sacramento/Placer/ Eldorado County
16%
VOLUME
2025: $167,775,866 2024:$198,861,449
p 10%
VOLUME
2025: $1,643,720,604
2024: $1,496,213,030
p 15%
2025: 390 2024: 339 p 2%
MEDIAN PRICE 2025: $1,375,000 2024: $1,350,000
22%
14
18
p 2%
2025: 83
81 12%
p 8%
UNITS
2025: 1,144 2024: 1,064
Lake Almanor
p 10%
VOLUME
2025: $14,575,000 2024: $13,243,000
p 25% UNITS
PRICE
$1,315,000
$1,500,000
2025: 10 2024: 8 0%
MEDIAN PRICE 2025: $1,260,000
$1,265,000
6% MEDIAN PRICE 2025: $1,147,500 2024: $1,217,500 14%
MEDIAN PRICE 2025: $1,375,000 2024: $1,607,000
Tahoe Lakefront Sales
SINGLE FAMILY RESIDENTIAL HOMES
Tahoe Lakefront Sales
SINGLE FAMILY RESIDENTIAL HOMES
EAST SHORE
NORTH & WEST SHORE
2025 Chase Significant Sales
West Shore, California
Buyer Representation
$27,500,000
Crystal Bay, Nevada
Seller Representation
$11,800,000
Bay, Nevada $24,500,000
Seller Representation
Clear Creek Tahoe, Nevada $10,250,000
Seller Representation
Crystal
2025 Chase Significant Sales
Seller Representation
Buyer & Seller Representation
Buyer & Seller Representation
Seller Representation
Incline Village, Nevada $12,500,000
Clear Creek Tahoe, Nevada $12,050,000
Clear Creek Tahoe, Nevada $9,200,000
Crystal Bay, Nevada $8,000,000
MATHEWSON RIVER ESTATE | OFFERED AT $9,900,000 LISTED BY ANN MUDD & SHARI CHASE | NV S.185326
The luxury leader
At Chase International, we succeed by empowering our clients to thrive. Over the past five years, we have guided more than 11,700 families and individuals through one of life's most significant financial and personal decisions, achieving over $10 billion in sales along the way.
We assist our clients in navigating one of life's most important assets—real estate. Whether it's a primary residence or a cherished retreat, these properties represent not only substantial investments but also enduring legacies.
With a team of more than 300 professionals, plus 60 luxury specialists across 14 offices, we offer the experience, creativity, and negotiation expertise necessary to manage our clients' most significant assets successfully.
Our record demonstrates the trust our clients place in us, as we consistently sell more homes priced over $5 million, $10 million, and $20 million than our competitors. In 2024, Chase International achieved three of the four highest sales in the Lake Tahoe, Reno, and Carson Valley regions, including the highest-priced residential sale in Carson Valley history.
This tradition of leadership is longstanding. Decades ago, we set national records with sales of $50 million and $30 million, when the highest-priced property in New York City was just $12 million. Today, that same pioneering spirit drives our mission: to enhance every client experience and ensure each transaction is both a financial success and a meaningful part of their legacy.
Properties Sold Over $20 Million
LAKE TAHOE, TRUCKEE, RENO & CARSON VALLEY | TOP FIVE COMPANIES
CHASE SUCCESS
The record for the highest-priced sale in the history of Glenbrook, Nevada, was sold by Chase International in 2024 for $30,000,000.
LAKE TAHOE, TRUCKEE, RENO & CARSON VALLEY | TOP SEVEN COMPANIES
CHASE SUCCESS
In 2025, Chase International represented the sale of Clear Creek 108, the highest-priced residential sale in Northern Nevada outside of the Tahoe Basin at $12,050,000.
Engel & Volkers
Properties Sold Over $5 Million
LAKE TAHOE, TRUCKEE, RENO & CARSON VALLEY | TOP SEVEN COMPANIES
CHASE SUCCESS
Since 2017, Chase International has sold nearly $1B in real estate within the gates of Clear Creek Tahoe, the region's most exciting golf course community.
The luxury
Engels & Volker
Chase history in the making
There is only one way to be successful year after year, and that is with the support of our colleagues, our clients, the community and our team of talented REALTORS®.
$60,000,000
Thunderbird Lodge _
USA record residential sale held for 8 years 1998**
$38,500,000 Crystal Pines _
26 acres East Shore lakefront estate 2022**
$35,500,000 Crystal Bay Lakefront
Highest priced Lake Tahoe sale in 2023*
$33,000,000 The Bourne Estate
Highest price Lake Tahoe sale in 2001*
$50,000,000
Incline Village Lakefront _
$49,000,000
Spirit of the Lake
$36,000,000 Lucky Bluff
Celebrity Lakefront in Rubicon Bay 2021*
$35,000,000 The Pines
13 acres East Shore lakefront estate 2020**
$32,500,000 Lakeshore Estate
Incline Village lakefront 2021*
Highest price Lake Tahoe sale in 2022* INFORMATION GATHERED FROM
Highest price sale in 2021*
$35,500,000 Crystal Coast
Highest Lake Tahoe land sale in history*
$34,500,000 Crayfish Cove
Highest price Lake Tahoe sale in 2015*
$30,000,000 Glenbrook Lakefront
Highest price Glenbrook sale in history*
Chase luxury collection
Lake whispers softly, Glenbrook’s gates guard peaceful shores, Tax-friendly sun shines.
Discover one of the most exceptional lakefront ranches in the American West, a 130-acre enclave featuring rare lakefront and meadow properties located within the gates of the iconic Shakespeare Ranch in historic Glenbrook, NV—Lake Tahoe’s only gated lakeside golf course community. This world-class offering presents buyers with the opportunity to acquire various homesites and residences starting at $9,950,000, or to purchase the entire Shakespeare Ranch, which is considered one of the most extraordinary legacy properties in the world.
SHAKESPEARERANCHPROPERTIES.COM
Property Highlights:
130 TOTAL ACRES
425’ OF LAKE FRONTAGE
465’ DEEPWATER PIER
TWO BOAT LIFTS
12 BUOYS
BOATS HOUSE
17 RESIDENCES & CABINS
TWO LAKESIDE CABANAS
An extraordinary lakefront retreat with lakeside cabana nestled within the exclusive gates of the iconic Shakespeare Ranch in historic Glenbrook, Nevada, Lake Tahoe’s only gated lakeside golf course community.
Jewel MEEKS BAY, CALIFORNIA
This stunning 4.29-acre property on the shore of Lake Tahoe, with over 660 feet of shoreline, an incredible pier and boat house, is truly the jewel of Rubicon.
Offered at $30,000,000 | Trinkie Watson | 530 582 0722 CA 00326518
Rubicon
A rare opportunity to own one of three lakefront parcels within the iconic Shakespeare Ranch Properties, located in historic Glenbrook, Nevada, Lake Tahoe’s only gated lakeside golf course community.
Drum Haven Lakefront
A rare new lakefront estate on Tahoe's West Shore experience the pinnacle of Tahoe living.
Offered at $22,000,000 | Trinkie Watson | CA 00326518 | 530 582 0722
Nixon Mansion
historic mansion blends historic charm with modern updates on the bluffs of the Truckee River.
Offered at $15,900,000 | Donna Spear & Trinkie Watson | NV
Exquisite
Shakespeare Shores
Rare opportunity to own a lakefront parcel in Glenbrook—Lake Tahoe’s only gated lakeside golf community. Offered at $18,000,000 | Chase Luxury Team | NV
|
Lakeshore Heaven
Stillwater Haven
Contemporary lakefront with 80 feet of white sand beach on the sheltered cove of Skyland in tax-friendly, NV. Offered at $11,500,000 | Jackie Ginley | CA 1969342 | 775 391 9443
Sentinel Peak
Clear Creek Tahoe mountain retreat on 1.88 acres with panoramic Carson Valley views and refined elegance.
Offered at $10,250,000 | Clear Creek Sales Team |
Edgewater Escape
Stunning Skyland lakefront with sandy beach, buoy, lush gardens, and sweeping views of Lake Tahoe. Offered at $11,500,000 | Brandon Yee | CA 1439964 | 530 318 5365
Modern mountain estate in Clear Creek Tahoe with golf course views, spa amenities, and private serenity.
$9,999,000
Shakespeare Ranch Rodeo Tradition
Meets Philanthropy at Tahoe’s Most Exclusive Address
Nestled along the eastern shore of Lake Tahoe, Glenbrook stands as the most sought-after enclave on Nevada’s shoreline, seamlessly blending history, heritage, and luxury. At its heart lies Shakespeare Ranch—a magnificent estate spanning over 130 acres, synonymous with both Tahoe’s rich past and its elegant present.
In the early 1940s, the Glenbrook Rodeo first came to life on this very land, celebrating horsemanship and ranching culture. What originated as a frontier gathering quickly evolved into a cherished summer tradition, drawing families, ranchers, and visitors alike for thrilling bronc riding, roping contests, and lively music, all capturing the untamed spirit of the American West. However, by the mid-1960s, the rodeo faded into memory, seemingly closing a captivating chapter in the region’s history.
SHARI CHASE FOUNDER & CEO, CHASE INTERNATIONAL “
When purpose meets place, it reminds us of what we do — and why we do it. It grounds us in meaning, connects us to each other, and brings clarity to the work that matters most.”
A Heartfelt Revival
Fast forward four decades, and the rodeo has emerged anew, driven by a profound purpose. In 2000, the current owners of Shakespeare Ranch revitalized the tradition, transforming it into the cornerstone of an exclusive annual fundraiser for Keep Memory Alive. This organization supports cutting-edge research, clinical care, and complimentary services for patients battling Alzheimer's, Parkinson's, and other neurodegenerative diseases.
Today, the Summer Festival & Rodeo has become one of Tahoe’s most anticipated social events, fusing philanthropy with world-class entertainment in an unparalleled setting.
This year's festival, held over an August weekend, attracts an audience that mirrors Glenbrook's esteemed stature—global entrepreneurs, philanthropists, and long-time Tahoe families. Friday night ignites with the energy of a professional rodeo, where bulls buck, broncs twist, and barrel racers dash before cheering crowds. Guests indulge in a delicious Western barbecue, enjoy live music, sip cocktails, and revel in fun-filled children's activities. A spirited auction enhances the excitement, featuring luxury travel, exquisite jewelry, and extraordinary experiences.
As the sun sets, the evening transitions from rustic charm to sophisticated elegance. Guests convene for a lakeside reception under the Sierra twilight, enjoying gourmet dinners crafted by celebrity chefs, paired with fine wines and artisanal cocktails. Live performances range from chart-topping musicians to acclaimed entertainers, creating an unforgettable night of celebration. This striking juxtaposition pays homage to Tahoe’s Western heritage while delivering a lavish experience worthy of the world’s most exclusive gatherings.
PHOTO BY COURT LEVE
BY
DUST, GRIT, AND RAW DETERMINATION. COWBOY AND BRONC IN PERFECT OPPOSITION AT THE ANNUAL SHAKESPEARE RODEO, WHERE TRADITION AND ADRENALINE COLLIDE.
PHOTO
COURT LEVE
Community, Exclusivity, and Legacy
Every aspect of the Summer Festival & Rodeo highlights the exclusivity of Glenbrook. Access is limited, experiences are thoughtfully curated, and attendees embody the discretion and sophistication that characterize life behind these gates. Yet this event transcends personal indulgence; it carries a vital mission. All proceeds generated by Keep Memory Alive, directly benefit the Cleveland Clinic Lou Ruvo Center for Brain Health, fostering groundbreaking advancements in research, patient care, and community outreach.
The festival honors leaders and organizations that reflect Tahoe’s spirit of community, with this year’s Community Leadership Award celebrating Barton Health. Guests are reminded that their involvement extends beyond the weekend; it contributes to vital research and services that ripple far beyond the shores of Tahoe.
For residents and visitors alike, the Shakespeare Ranch Rodeo epitomizes the essence of Glenbrook: private yet inviting, rich in history yet contemporary, skillfully balancing heritage and luxury. Few places in the world can offer such a union—an authentic rodeo beneath Sierra peaks, a gourmet dinner by celebrity chefs on the lake, and a philanthropic mission with a global impact.
This seamless blend of tradition, community, and exclusivity sets Glenbrook apart. Just as its waterfront homes remain among the most coveted in Lake Tahoe, the rodeo at Shakespeare Ranch offers a unique experience: a gathering that celebrates legacy, champions philanthropy, and redefines luxury not merely through opulence, but through purpose.
To learn more about Keep Memory Alive and its mission, visit keepmemoryalive.org. Join us in this inspiring journey as we embrace tradition while shaping a brighter future.
The Chase Green Ribbon experience
A POWERFUL SYMBOL OF OUR CULTURE AND VALUES
The Chase Green Ribbon Experience expresses our gratitude, respect, and appreciation for our colleagues, clients, community, and planet. Inspired by the ritual of Japanese gift-giving, the green ribbon represents our heart chakra, symbolizes our environment, and defines our culture. At Chase International, we strive to exceed expectations and deliver results every time with an unparalleled standard of integrity, expertise, and gratitude while supporting the health and well-being of all. Driven by purpose, our commitment to making a difference in people's lives is our gift to you.
At Chase, we embrace an enlightened approach to real estate—one that recognizes the real state of people’s lives. Our commitment to service and hospitalty is beyond transactions - it's grounded in a deep understanding of life’s moments, milestones, and meaning.
Building a Stronger Community, Country and World through Giving.
At Chase International, our commitment to community extends far beyond real estate. Through our foundations and initiatives, we dedicate time, resources, and heart to programs that uplift lives locally and globally.
Chase International Foundation
Supporting needs for shelter, food, well-being and safety.
Chase Cares
The volunteer arm of our foundation, ensuring the prosperity of our community.
Chase Global Initiative - Hela Bima World Foundation Supporting rural farmers and their families in Sri Lanka using environmentally sustainable farming practices.
Chase Wellbeing Joy for your mind. Health for your body. Success for your life.
To
Our partnerships elevate you into every corner of the global market.
When you partner with Chase, you’re connected to 550+ top-tier independent real estate brokerages spanning 60 countries across six continents, including our London office. This global partnership gives you access to more than 120,000 real estate professionals who represent more $1M+ properties than any other company worldwide. Together, they achieve over $500 billion in annual sales, with a transaction closing every 15 minutes.
LEADING REAL ESTATE COMPANIES OF THE WORLD
As members of Leading Real Estate Companies of the World, Chase International real estate is connected to a referral network of 565 of the foremost local, regional and international real estate firms, with 4,300 offices and 130,000 sales associates in the US and 70 countries. Collectively, we sell 1.1 million homes annually valued at $377 billion.
LUXURY PORTFOLIO INTERNATIONAL
Luxury Portfolio International® is the luxury face of Leading Real Estate Companies of the World® the largest global network of premier locally branded companies dominated by many of the world's most powerful independent luxury brokerages.
MAYFAIR INTERNATIONAL REALTY
Mayfair International connects to 125 real estate brokerages with 350 offices, each with a stellar reputation in their respective countries. Country Life uploads all Chase properties over $1 million to their magazine website, Countrylife.co.uk. Country Life has been a national institution in the U.K. for over 100 years; a copy is hand-delivered to the Royal Family each week. Mayfair provides advertising and public relations opportunities to ensure maximum exposure for Chase International listings.
LUXE SF
LuxeSF, a B2B organization of sales and marketing practitioners, is considered to be the Bay Area leader in the arena of luxury marketing, and the thought leader for the intelligent exploration of best marketing practices and trends in the luxury marketplace.
ARTISAN GROUP
ARTISAN GROUP
The Artisan Group is a strategic alliance of high image real estate companies reaching from the greater San Francisco Bay area to Lake Tahoe. Chase clients benefit from this prestigious group’s network of professional luxury real estate brokers. Through this alliance, Chase is able to connect with qualified buyers in our major feeder markets.
ONE COMPANY | ONE HEART | ONE PHILOSOPHY
Chase International is one of the nation’s most successful independent real estate firms specializing in unique and distinctive luxury properties in Tahoe, Carson, Reno, and Northern California. We are proud to have $10 billion in sales over five years, helping 11,700 families and individuals. With more than 300 highly skilled professionals plus 60 luxury specialists and 14 locations, we are committed to our clients’ success. Our global connections enhance our ability to reach all corners of the world. “One Company, One Heart, One Philosophy” isn’t just a slogan; it’s our mantra, shaping every aspect of our business.
