The South Lake Tahoe housing market remains slow-moving, with buyer demand yet to gain momentum. Inventory is currently 42.5% higher than this time last year, having peaked in August. As our market is cyclical, we expect to see fewer new listings and a gradual decrease in inventory over the coming months, before it picks up again next spring. While competitively priced homes with standout features are selling within a week, the majority of properties are lingering on the market for 30-60 days. Price reductions are becoming common as sellers adjust to these conditions. If interest rates drop, we could see increased buyer activity, but for now, homes that are priced right and offer desirable locations and amenities continue to perform best.

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 must-see home of the month is 1151 Kulow St, listed at $599,000. This property was built in 1973 and it features 3 Bedrooms / 2 Bathrooms / 1,200 Sq Ft. Prepare to be wowed as you step into this inviting cabin-style home with an open layout that perfectly captures the essence of Tahoe living. Located in the desirable Pioneer Trail neighborhood on a quiet street, this home offers a peaceful setting with unbuildable CA Conservancy land both behind the property and across the street, ensuring added privacy and tranquility. Brimming with character, this home is full of unique features. The living area is surrounded by beautiful wood paneling, highlighted by white-accented open beams and skylight that bring in natural light. The cozy gas fireplace in the living room adds warmth and charm to the space. The kitchen is equipped with soft-closing cabinets, stainless steel appliances, and granite countertops, providing a modern touch to this classic Tahoe retreat. Numerous upgrades, including a new roof, tankless water heater, new washer/dryer, exterior paint, and ceiling fans in both the main bedroom and living room, make this home move-in ready. The first bedroom features custom-made bunk beds, perfect for fun sleepovers or family gatherings. The spacious backyard is fully fenced, offering a great space to gather with friends and enjoy the outdoors. 

1151 Kulow Street, 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 $7,290,000. 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 lake views. Walk out to your 170' pier, complete with two buoys perfect for lakeside adventures. The residence's mountain-modern exterior, with its cedar siding, natural stone, iron accents and exclusive gated and heated cobblestone entrance is perfectly complemented by a lush, landscaped backyard that is fully fenced for privacy. 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. Conveniently located within walking distance to local restaurants, this property is an ideal blend of serenity and accessibility. 

969 Lakeview Avenue, 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 1200 Wildwood Ave #42, listed at $375,000. This complex was built in 1972 and this unit features 2 Bedrooms / 1.5 Bathrooms / 1,044 Sq Ft. Near Heavenly Ski Resort is the perfect spot for anyone looking to enjoy all that Tahoe has to offer. Inside, you'll find a welcoming, furnished space that feels like home right away. The open layout connects the living room, dining area, and kitchen, making it great for hanging out with family and friends. Featuring large bedrooms, a full bath, plus a 1/2 bath, and in unit laundry for convenience. This unit looks out onto a forested area and community outdoor space to enjoy the crisp mountain air. You'll also have an assigned carport to keep your vehicle safe from the weather, a storage space, as well as additional parking.  Location is everything, and this condo has it all. It's just a short distance to the Heavenly Ski Resort, where you can hit the slopes or take in the stunning mountain views. The Village at Heavenly is also nearby, with its awesome restaurants, shops, the gondola, and casinos for a night out. This furnished condo is a fantastic find, whether you're looking for a vacation spot, an investment, or a year-round home. Come check it out and see why living in Tahoe is so special!

1200 Wildwood Avenue #42, South Lake Tahoe, CA

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