The combination of high mortgage rates, steep home prices and low inventory levels are lining up to make the 2024 housing market a challenging one for both buyers and sellers. But rates have been cooling a bit — if that continues throughout the year, as some experts predict, then market activity should heat up in response.

The complexities of the current conditions mean that, now more than ever, it’s smart to lean on the guidance of an experienced local real estate agent. If you want to enter the market in 2024, whether as a buyer or a seller, let a pro lead the way for you.

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 February's must-see home of the month is 477 Ala Wai Blvd#79, listed at $860,000. This property was built in 1973 and it features 3 Bedrooms / 2.5 Bathrooms / 1,521 Sq Ft. Attention investors and visionaries! This waterfront townhouse offers a rare and exceptional investment opportunity. Among all the condos in Tahoe Keys, only 4 properties boast the distinction of being set up as two separate units. This unicorn stands as one of those rare four, making properties like this a precious find in the market. The main unit comprises 2 bedrooms and 1.5 baths, offering comfortable and spacious living. Additionally, a separate studio with a full kitchen has been beautifully remodeled, showcasing laminate wood flooring, custom butcher block countertop, stainless steel appliances, and its own washer/dryer. This unique property comes with not one but two boat slips within steps away from the unit, a feature that sets it apart from the rest. And here's the cherry on top - both units are being sold fully furnished, ready to welcome new residents or renters with open arms. 

477 Ala Wai Boulevard #79, South Lake Tahoe

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This Month’s Most Expensive Home for Sale

The most expensive new listing that entered the market this month was 3387 Aloha Rd, listed at  $2,799,000. This home was built in 2024 and it features 4 Bedrooms / 5 Bathrooms / 4,464 Sq Ft / 2 Car Garage.  Designed with the ultimate luxury and blessed with an ideal location in Bijou Park Acres on a huge .26-acre lot directly across from endless acres of lush forest greenbelt with unobstructed views of Heavenly ski resort. The upper main level boasts a massive Great Room with spectacular cedar ceilings, accent beams, a gorgeous centerpiece fireplace, sleek luxury vinyl floors, recessed lighting, large windows providing an abundance of natural light, sliders opening to a large deck, and sit-down views of Heavenly Ski Resort, all creating a superb living environment. The gigantic gourmet kitchen is a dream with high end appliances, granite countertops, gorgeous cabinetry, huge center prep island with breakfast bar, a separate butler's pantry, and an enormous walk-in pantry. The primary bedroom suite is over 850 sf with vaulted ceilings and a romantic fireplace, and a luxurious private bath with electric fireplace, heated floors, dual vanities, oversized step-in shower, jetted soaking tub, and direct walkout to a pre-wired 230-volt future hot tub area. The lower level boasts an extra-large game room with fireplace, built in kitchenette, and direct access to a large covered lower deck pre-wired with 230v hookups for possible outdoor sauna. 3 Guest Bedrooms and 3 elegant Guest Bathrooms with heated floors, and a total of 1,500 sf of attached decks complete this well-designed floor plan. 

3387 Aloha Road, South Lake Tahoe

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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 #121, listed at $279,000. This complex was built in 1972 and the unit features 1 Bedroom / 1 Bathroom / 678 Sq Ft. Opportunity knocks. This is your chance to purchse this upgraded condo and be settled in for a wonderful spring and summer in Tahoe. Enjoy the brand new carpet, remodeled bathroom, new vinyl flooring in the kitchen and entry and convenient location. The complex offers an outdoor pool and sits adjacent to miles of hiking and biking trails. Bike or walk to the best south shore beaches. This unit has a carport parking spot to keep your car out of the snow. 

516 Emerald Bay Road #121, South Lake Tahoe

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