In November 2024, California’s housing market continued to face challenges, with a decrease in home sales and a slight dip in median home prices. Higher borrowing costs, reduced demand, and growing economic uncertainty remain key factors influencing these trends.

Locally, in South Lake Tahoe, we’re seeing similar patterns. Housing inventory has begun its typical seasonal decline and is expected to remain low throughout the winter months. However, motivated sellers who list now often price competitively to attract serious buyers, creating opportunities for well-positioned buyers to negotiate and secure concessions.

For those considering entering the market, timing can be strategic. Sellers can benefit from low inventory and reduced competition, while buyers may find motivated sellers eager to close before year-end. As we move into spring 2025, inventory is expected to increase, bringing more options for buyers and renewed activity across the market.

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 2374 Taos Ct, listed at $1,098,000. This property was built in 1975 and it features 4 Bedrooms / 2 Bathrooms / 1,970 Sq Ft / 2 Car Garage. This quiet and private almost 1/2 acre fully landscaped parcel offers recreation access that few locations obtain.  The property boasts breathtaking mountain and forest VIEWS!  A fully remodeled mountain modern A-Frame with a large detached 2 car garage provides a spacious retreat.  Recent upgrades to the house include Mahogany kitchen cabinets, bamboo bathroom cabinets, vertical grain doors, Moen 90-degree fixtures, Emtek hardware, cork floors throughout the entire home and full wrap windows.  4 large Trex decks and patios combine for an additional 800 sq ft of living space.  A flat fully landscaped sun-drenched backyard with hot tub allows for a relaxing and peaceful setting with easy access to thousands of acres of Forest Service land.  Backyard access to a vast trail network leading into the Desolation Wilderness and the Crystal Range. Located centrally to all three south shore ski resorts, Sierra at Tahoe, Kirkwood and Heavenly and just a short drive to the Lake and the world class gaming and nightlife at the Stateline.  Offered fully furnished and turn key.   

2374 Taos Court, 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 2285 Del Norte St, listed at $4,400,000. This property was built in 1984 and it features 5 Bedrooms / 3.5 Bathrooms / 5,830 Sq Ft / 2 Car Garage. Welcome to your secluded luxury retreat in Montgomery Estates, a stunning home nestled against a national forest for the ultimate privacy and serenity. This exquisite property boasts a spacious great room with vaulted ceilings, beautiful wood floors, and a modern living area centered around a 60-inch fireplace, all while offering breathtaking forest views. A wet bar enhances the ambiance, making this space perfect for both relaxation and entertaining. The chef-inspired kitchen is a dream, featuring top-of-the-line appliances including a double oven, a second dishwasher, and a wine refrigerator. The master suite is a true sanctuary, with two walk-in closets and an en-suite bathroom that offers a spa tub and a luxurious shower room. Smart home integration ensures comfort and convenience throughout. This exceptional home provides rare, secluded living, surrounded by nature and only minutes from Heavenly.  

2285 Del Norte Street, 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 648 Roger Ave #4, listed at $325,000. This property was built in 1972 and this unit features 2 Bedrooms / 1.5 Bathrooms / 863 Sq Ft. Affordable living in South Lake Tahoe! This two bedroom, two bathroom unit would make a great mountain retreat or an entry level into home ownership. Simple floor plan with downstairs living, generously-sized upstairs bedrooms, a bathroom on each level, and a full-sized washer and dryer in the lower bath. Excellent location next to the locals's favorite beaches, breweries, and shopping. Minutes away from Camp Richardson, Fallen Leaf and some of the best mountain bike trails in the area. With relatively low fees, the HOA includes water, exterior maintenance, snow removal, roof repairs, trash, and exterior insurance. Newer roof and a recently updated exterior insurance policy.

648 Roger Avenue #4, South Lake Tahoe, CA

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