The housing market in South Lake Tahoe continues to face challenges as we head toward the end of 2024. A combination of high mortgage rates, steep home prices, and low inventory has created a difficult environment for both buyers and sellers. Mortgage rates cooled slightly but quickly rose again, leading to a “wait-and-see” approach from many buyers, who are either hoping for rates to drop or waiting for greater stability after the upcoming elections.

As a result, most homes are sitting on the market longer, with limited showings—even those that seem well-priced. However, competitively priced properties, or those with standout features like a prime location or full remodel, are still moving quickly, as these factors capture the interest of serious buyers.

Given these conditions, it’s likely that the market will remain relatively stagnant until we see a shift in either rates or economic certainty.

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 during the remaining months of 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 must-see home of the month is 2285 Eloise Ave, listed at $899,000. This property was built in 2007 and it features 4 Bedrooms / 3 Bathrooms / 2,378 Sq Ft / 2 Car Garage. This home has been lovingly cared for and meticulously maintained, making it move-in ready for its next owner. Spanning three levels, this spacious layout provides abundant storage with numerous closets throughout, perfectly balancing comfort and functionality. With this property, you won't have to worry about high insurance costs. The HOA covers exterior insurance, so the buyer only needs to carry "walls-in" insurance, which is a fraction of the costoffering significant savings while providing comprehensive coverage. The stunning kitchen is equipped with hickory cabinets, granite countertops, stainless steel appliances, and a sizeable pantry closet, providing ample space for cooking and entertaining. The open-plan living area features a cozy gas fireplace and a deck overlooking the fully fenced backyard a private oasis complete with a hot tub and a storage shed for all your tools or outdoor equipment. The primary suite offers a spacious retreat, complete with an ensuite bathroom that features dual sinks, a separate tub, and a walk-in shower. Additional highlights include air conditioning, and a two-car garage with an EV charging station, making it ideal for modern living. You'll enjoy the convenience of an HOA that takes care of snow removal, exterior maintenance, and select utilities, giving you more time to explore the nearby restaurants, breweries, biking trails that leads you to some of South Lake Tahoe's most popular beaches. With quick access to shopping, fitness centers, and Heavenly Ski Resort, this property offers the perfect combination of modern construction and prime location. 

2285 Eloise Ave, 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 276 Beach Dr, listed at $4,400,000. This property was built in 1984 and it features 5 Bedrooms / 5.5 Bathrooms / 3,624 Sq Ft / 2 Car Garage. Set on the big water lagoon with a new 225 sf private 3 boat dock and an 19EX Executive Trainer pool spa, it's the best location in the coveted Tahoe Keys. This stunning remodel, with its modern gray palette, designer finishes and appliances and thoughtful details, welcomes guests into a sophisticated, elegant space. Each of the five bedrooms has its own en suite bath, and one bedroom has a fireplace. Added soundproofing creates a more comfortable and quiet first floor. A system of 12 roof-mounted solar panels and LG battery storage ensures off-the-grid energy savings and continuous power to the home. This is a spacious family home for those who know how to take advantage of the best things in life. 

276 Beach Dr, 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 3607 Aspen Ave, listed at $295,000. This property was built in 1938 and this unit features 1 Bedroom / 1 Bathroom / 732 Sq Ft. Rustic cabin in the Bijou area off if Ski Run Blvd. This centrally located cabin is close to Heavenly Ski Resort, Ski Run Marina, and great shopping and dining options! Built in 1938, this cabin is built on post and piers and is ready for a makeover. The downstairs living floorplan features a kitchen, a living area, and a full bathroom and upstairs is a loft/bedroom area. 

3607 Aspen Ave, South Lake Tahoe, CA

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