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Understanding Lake Tahoe Luxury Real Estate Market

14 Feb
Alvin Steinberg Real Estate February 14, 2018 133

Lake Tahoe luxury real estate market continues to give investors good returns. In 2016/2017, the average price per square foot rose from $276 to $302. The year over year growth in the value of residential real estate in South Lake Tahoe over the past 5 years has been +8.3%. Similar trends were also recorded for almost the entire Tahoe-Truckee region with prices appreciating by 8% in 2016 – 2017.

If you are looking to buy Lake Tahoe luxury real estate, you are in luck. A lot of properties are changing hands and the chances of you finding exactly what you want are very high. This is true even if you are looking for a vacation home in the resort communities. In the NorthStar Village, for instance, there was a 75% increase in transactions in 2016-2017. You can also find amazing Lake Tahoe luxury real estate properties in other communities such as Old Greenwood and Gray’s Crossing.

One of the neighborhoods that Living Lake Tahoe’s Alvin Steinberg has a lot of experience in as an agent is Incline Village. It is a prime spot for Lake Tahoe luxury real estate properties. With about 9000 residents, Incline Village offers several recreational activities for the average family. You can go horseback riding, golfing, skiing, hiking, and biking, or visit some of the facilities located nearby.

Incline Village and Crystal Bay are structured like a big country club. Your purchase of a luxury Lake Tahoe luxury real estate in this area will give you access to a great community and lots of cool facilities. Some of the amenities in the area include golf courses, a ski area with discounted tickets for Incline Village residents, private beaches, and a tennis complex that holds the title of the second best view for a tennis complex in the United States.

There are about 80 active listings of Lake Tahoe luxury real estate properties in Incline Village. In 2016, the average sold price was $1,208,490 while the median sold price was $717,500. Living Lake Tahoe advanced search features give you a chance to input various variables, including price, when sorting out the various Lake Tahoe luxury real estate properties listed on the site. Should you have any question, feel free to call Alvin.

Alvin Steinberg has been a real estate agent in Lake Tahoe for over 4 decades now and has helped facilitate many transactions for people looking to buy Lake Tahoe luxury real estate.

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