North Shore Lake Tahoe, California, Real Estate Price Trend Report
Real estate is a local market. Even within a region, the market conditions will vary. Location, location, location has never been a more true statement than it is today.
Even in the Lake Tahoe – Truckee, California market not all neighborhoods are doing the same. Let’s take a look at the North Shore of Lake Tahoe, California, which is made up of several communities. Some of the well-known neighborhoods and communities on the North Shore include: Tahoe City, The Highlands, Dollar Point, Cedar Flat, Ridgewood, Carnelian Bay, Agate Bay, Tahoe Vista, Kingwood West, Kingwood Estates, and Kings Beach.
This area has approximately 12 miles of Lake Tahoe shoreline and starts with Tahoe City, California where Highway 28 meets Highway 89 South ending at Kings Beach and the California – Nevada Stateline.
The North Lake Tahoe area has had a significant price correction over the past few years. The average median sold single family home sales price has dropped -41% since the market peak in 2006.
So where is this market headed? The following graph shows the North Shore, Lake Tahoe, California pricing trend, which looks like we’re putting in a pricing bottom.
The combination of historically low interest rates and lower sales prices has created a great opportunity to buy on the North Shore of Lake Tahoe.
Start your Tahoe Property search here.
Ready to make the North Shore your second home? Check out what is for sale here:
- Lake Tahoe Lakefront Homes for Sale
- North Shore Lake Tahoe Homes for Sale
- West Shore Lake Tahoe Homes for Sale
For all of your Tahoe real estate needs –
Laura A. Allen | 530.414.1260 | Laura@TahoeLaura.com
BROKER ASSOCIATE, Tahoe Real Estate Agent
CalRE# 01473598
Coldwell Banker, Tahoe City, CA CalRE#01908304
All information is deemed reliable, but is subject to change, and/or correction without notice.
North Shore Lake Tahoe, California, Real Estate Price Trend Report