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In all micro-regions, single-family home sales in August were down from the month of July but have increased over last year. In the Tahoe Sierra MLS, year-over-year single-family home sales increased by 75% and median price increased 20%, while number of active listings decreased by 65% and pending sales increased by 88%, highlighting the significant activity we continue to see in the market. In August 2019, 25 single-family lakefronts between Incline Village and Rubicon Bay were listed for sale, versus nine homes that were active listings in August 2020. The decreased supply will grow demand, typically driving up prices.

~Bill Dietz, principal broker of Tahoe Luxury Properties

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