Over the past few years, the housing market has been a roller coaster ride. We've seen dramatic swings in interest rates, a shortage of homes available for sale, and a significant impact on affordability. However, based on recent data and projections, it seems that we are entering a period of relative stability and potential growth.

Sales in the higher-priced market segments (above $1 million) saw a significant increase, while sales of homes under $500,000 declined slightly.

This shift suggests that well-qualified buyers are still active in the market, especially in the luxury and second-home segments, while affordability remains a challenge for entry-level buyers. Home buyers are facing higher borrowing costs in the new year, with the 30-year fixed-rate mortgage jumping to a 7.04% average in January, according to Freddie Mac. It’s the first time that rates have crossed the 7% mark since last May. 

With fewer new listings coming on the market during the winter months, competition for well-priced homes in desirable locations remains steady. Sellers who price their homes competitively are still seeing strong interest, while overpriced listings tend to sit longer.

Looking ahead, as we move into spring, we anticipate more activity as both buyers and sellers re-engage with the market. Historically, South Lake Tahoe sees an uptick in new listings and buyer demand as the ski season winds down and the weather warms up. 

Overall, while challenges remain, the current market conditions offer opportunities for both buyers and sellers. Those who stay informed and strategic in their approach will be best positioned to navigate the shifting landscape of real estate in South Lake Tahoe. 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.

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This Month’s Must See Home for Sale

The choice for must-see home of the month is 1424 Glenwood Ave, listed at $650,000. This property was built in 1963 and it features 3 Bedrooms / 2 Bathrooms / 1,420 Sq Ft / 2 Car Garage. This beautifully updated home in a sought-after South Lake Tahoe neighborhood offers the perfect mix of comfort, style, and convenience. Located just minutes from bike trails, entertainment, and local attractions, it's an ideal base for enjoying all that Tahoe has to offer. With 1,420 square feet of living space all on one level, this home features a spacious and functional floor plan designed for easy living. The bright, open layout includes a large living room that flows seamlessly into the remodeled kitchen, where you'll find new stainless steel appliances, butcher block countertops, and plenty of room for meal prep and gatherings. Three generously sized bedrooms with ample closet space and two fully remodeled bathrooms provide plenty of room for family and guests. Durable and stylish luxury vinyl plank flooring throughout adds to the home's modern appeal. Step outside onto the expansive wraparound deck, perfect for outdoor dining, BBQs, or simply relaxing with friends. A storage shed and a spacious two-car garage ensure you'll have room for all your outdoor gear. This move-in-ready home is just a five-minute drive from Heavenly Ski Resort, the lake, and the casino area, or a short bike ride to Bijou Municipal Golf Course. With its prime location and updated features, it's the perfect place to enjoy Tahoe's year-round adventures. Don't miss the chance to make this single-level, updated home your own! 

1424 Glenwood Way, 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 1410 Ski Run Blvd #9, listed at $437,000. This property was built in 1972 and this unit features 2 Bedrooms / 1.5 Bathrooms / 832 Sq Ft. This recently upgraded condo is ideal for those seeking a Tahoe escape in a peaceful complex with close access to skiing, the casinos, shopping, Ski Run farmers market, dining and multiple beaches. Perfect for either a permanent residence or 2nd home with the possibility or renting for long term ski leases. The entry level features an open and cozy living room with pre-finished maple floors which connects to the remodeled kitchen with stainless appliances, newer counters, tile backsplash and breakfast bar seating along with a dining area. Also on this level is a pantry closet with laundry facilities as well as an upgraded half bath. Upstairs you'll find a remodeled full bath with a new vanity, new fixtures and tile. Both of the bedrooms are upstairs with high vaulted ceilings adding a spacious feeling to the rooms. The furnishings are also negotiable to make this condo turn key and ready to move in.

1410 Ski Run Boulevard #9, 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 969 Lakeview Ave, listed at $6,950,000. This property was built in 2020 and it features 5 Bedrooms / 4.5 Bathrooms / 4,675 Sq Ft / 3 Car Garage. Experience Modern Lakefront luxury at its finest with this turnkey Lake Tahoe Residence. Positioned on a spacious parcel with 120 feet of pristine shoreline, this home combines contemporary design with timeless natural beauty. Featuring clean architectural lines and furnished by top designers, every detail has been curated for elegance and comfort . This home offers seamless indoor-outdoor living with expansive wood-clad windows that capture stunning views. Shared property with only one other private home is inclusive of 170' pier , four buoys and Boat Lift which makes this home perfect for Lakeside adventures. The downstairs boasts 10' ceilings and an open-plan living space that flows effortlessly to the outdoors, offering quick access to the lake. The main living area is centered around 54'' stone fireplaces, leading to a gourmet kitchen equipped with Thermador professional appliances, two dishwashers , quartzite counters and large center island with a striking waterfall edge. The upper floor boasts an impressive bar that opens to a billiards and gaming area, alongside a generous Bonus Room. Each luxurious suite is generously sized and designer-decorated, with many offering serene lake views and access to expansive composite decks. The bathrooms are elegantly appointed with heated tile floors and modern fixtures. The Covered lower-level deck comes equipped with three natural gas heaters for year-round enjoyment. Thoughtful and functional features throughout this incredible home with an Oversized Three Car epoxy floor garage complete with Dog Bath , Tankless Water Heater and extensive storage. Conveniently located within walking distance to local restaurants. 

969 Lakeview Avenue, South Lake Tahoe, CA

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