South Lake Tahoe's housing market has seen slow activity in December 2024, with home sales slowing and median prices seeing a slight decline. Contributing to these trends are higher mortgage rates, waning buyer demand, and broader economic uncertainties.

As winter sets in, housing inventory is following its typical seasonal drop and is expected to remain tight until spring. Despite lower supply, motivated sellers who list now often price their homes competitively, creating opportunities for buyers to negotiate favorable terms and concessions.

For sellers, listing during the winter months can mean less competition and greater visibility. By spring 2025, inventory is projected to rise, offering buyers more choices and energizing the market with increased activity.

Navigating these conditions can be complex, but partnering with an experienced local real estate agent can make all the difference. Whether you’re buying or selling, let’s create a strategy to help you achieve your goals in today’s evolving market.

If you'd like to have an idea of how much your home is currently worth, click here for an instant automatic valuation.

This Month’s Must See Home for Sale

The choice for must-see home of the month is 2342 Wasabe Dr, listed at $1,447,000. This property was built in 2024 and it features 4 Bedrooms / 3 Bathrooms / 2,755 Sq Ft / 2 Car Garage. This modern, custom-built home offers an exceptional blend of contemporary design and mountain accents. Backing to acres of US Forest Service land, with a mountain view backdrop, it provides unparalleled privacy and tranquility. Two large sunny decks span the width of the home, allowing you to take in the serene forest setting and beautiful mountain views. A quick walk through the forest out back leads you to the remarkable Upper Truckee River. Home is located near bike trails that will take you to Lake Baron, Meyers restaurants, or all the way into the heart of town! This mountain chic home boasts beautiful finishes including character maple custom cabinetry, Thor kitchen appliances, impressive wet bar and two gorgeous rock fireplaces. Additional features include dual zone furnace, on demand water heater, and a paver driveway. Located between 3 major ski areas...Heavenly, Kirkwood and Sierra, you will have easy access to all the winter resorts! 

2342 Wasabe Drive, South Lake Tahoe, CA

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This Month’s Most Expensive Home for Sale

The most expensive new listing that entered the market this month was 3752 Overlook Ct, listed at $2,498,000. This property was built in 2015 and it features 7 Bedrooms / 5 Bathrooms / 4,144 Sq Ft / 2 Car Garage. Experience both convenience and privacy with this luxury ski retreat, located in a peaceful cul-de-sac, just beneath Heavenly Ski Resort. Positioned across from 2 Conservancy owned parcels and delivering an imposing curb appeal, the home spans 3 stories to enjoy sweeping views of the ski resort, Lake Tahoe and distant mountain peaks. Clad in cedar siding and stone, with 5 gable roof lines and expansive multi-level decks, the exterior conveys quality and rustic charm. The mid-level waterproof deck is completely covered, with a dedicated fireplace, built-in BBQ and bar fridge, as well as ample seating for dining alfresco. A spiral staircase then takes you to the rooftop deck, complete with fireplace, custom built seating and a hot tub to take in 360-degree views of the dramatic landscape.  The interior offers resort-like amenities that include a rear projection home theater with a 133'' screen, surround sound and tiered seating, as well as a massive game room with walk behind bar, vaulted ceilings, billiards, foosball, shuffleboard, stone fireplace and comfortable couches. The great room, dining and kitchen are all conveniently located on the 2nd floor and are warmed by solid hickory hardwood floors, hand-hewn open beam ceilings and a large stone fireplace. The kitchen provides a 48'' range with double oven, oversized built-in refrigeration and a substantial peninsula island with bar seating. 7 generous bedrooms are spread across each level and accessed by a central staircase that's bordered by a wall of glass and finished with a hand-peeled log banister. 5 of the 7 bedrooms tender ensuite baths, with some offering fireplaces, jetted tubs, walk-in closets or other lavish appointments. 

3752 Overlook Court, South Lake Tahoe, CA

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This Month’s Least Expensive Home for Sale

The least expensive new listing that entered the market this month was 516 Emerald Bay Rd #426, listed at $284,540. This property was built in 1972 and this unit features 1 Bedroom / 1 Bathroom / 678 Sq Ft. End-unit Condo that is fully furnished and move-in ready; with forest views and trail access right from your door. Features include an updated bathroom with a walk-in shower, luxury vinyl plank flooring, and a beautifully appointed gas fireplace that evokes the cozy-in-the-woods vibe. Step outside on your private balcony overlooking the pool and the National Forest. Your private carport is conveniently located directly below your condo. Explore nearby bike paths and trails which lead to Pope & Baldwin Beaches, Fallen Leaf Lake, Camp Richardson, and beyond.

516 Emerald Bay Road #426, South Lake Tahoe, CA

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