The housing market in South Lake Tahoe remains soft, with buyer demand yet to pick up momentum. While homes that are priced competitively and offer strong features are selling within a week, the majority of properties are lingering on the market for an average of 30-60 days. We’re also seeing widespread price reductions as sellers adjust to current market conditions. If interest rates decrease, we could see a boost in buyer activity, but for now, the market continues to favor those homes that are priced right and stand out in terms of location and amenities.  

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 1584 Plateau Cir, listed at $915,000. This property was built in 1973 and it features 4 Bedrooms / 2 Bathrooms / 1,932 Sq Ft / 2 Car Garage. This property checks all the boxes: style, upgrades, character, features, and location!! Nestled in the highly sought-after Montgomery Estates neighborhood, this 4-bedroom home sits directly across from National Forest land, ensuring forever unobstructed views of Monument Peak and Cold Creek meadow. Additionally, the neighborhood features underground utilities, preserving the area's natural beauty and offering added peace of mind. Recently fully updated, this property beautifully blends modern amenities with chalet charm, featuring vaulted ceilings, open beams, views through every window with a luxury feel. The kitchen is perfectly suited for cooking and entertaining, showcasing a spacious island, floating shelves, and stainless steel appliances. The updated bathrooms, modern fixtures, new garage door, laminate floors throughout, new furnace with dual zone control, and air conditioning add to the home's appeal. The bright living room offers a new high efficiency wood-burning fireplace, perfect for winter nights, where you can enjoy the picturesque snow-covered views through every window. The beautiful, fully fenced-in backyard, feels like an extension of the living space, complete with a newly built multi-level redwood deck, hot tub, BBQ area, and comfortable furniture. Ideal for stargazing, having unforgettable moments with friends and family or unwinding after a day filled with mountain biking, skiing or other outdoor adventures. With a two-car garage, a storage shed, and a spacious driveway, there's plenty of room for all your gear and parking needs. 

1584 Plateau Circle, 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 1656 Skyline Dr, listed at $2,850,000. This property was built in 2003 and it features 6 Bedrooms / 5 Bathrooms / 5,395 Sq Ft / 4 Car Garage.  Welcome to your new personal sanctuary, where luxury meets breathtaking panoramic views in the heart of tranquility. Upon entering, you are greeted by vaulted ceilings and an open-concept living space that invites an abundance of natural light. The expansive living room is the heart of the home, anchored by a stunning fireplace and designed for intimate gatherings. Let the outdoors in with large glass doors that lead to a deck, where you can sip your morning coffee or host unforgettable summer soires under the stars. Relax and unwind in the best amenities this house can offer, a sauna, steam room and a hot tub. Retreat to the luxurious master suite, complete with a private terrace, walk-in closet, and a spa-like ensuite bathroom featuring a soaking tub with a view, dual vanities, and a spacious walk-in shower. Four additional generous bedrooms offer ample space for family or guests, each designed with comfort and privacy in mind with bathrooms ensuite.
Located just minutes from charming downtown, you'll enjoy easy access to shopping, dining, and recreational activities while savoring the peace and privacy of county living. 

1656 Skyline Drive, 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 516 Emerald Bay Rd #224, listed at $315,000. This complex was built in 1972 and this unit features 2 Bedrooms / 1 Bathroom / 912 Sq Ft. Walk right out the gate to acres of US Forest Service lands and wonderful bike trails that can take you to Lake Tahoe and Pope Beach as well as to Fallen Leaf Lake. This excellent location is perfect for year round recreation since you can snowshoe or cross country ski in the winter months and also be 1o minutes from Heavenly Ski Resort. This sunny corner unit is on the second floor of building 2 and has a covered 1 stall carport plus additional guest parking available. The kitchen is open to the dining area and does have a washer & dryer inside the unit plus there is a community laundry also available. Wood paneling in the living room lends a Tahoe feel to the room and has a sliding glass door to access the rear covered deck with forest views. Enjoy the amenities of the outdoor swimming pool, spa and barbecue area. Move in and be ready for the upcoming ski season or purchase as an investment as has been a successful long term rental. 

516 Emerald Bay Road #224, South Lake Tahoe, CA

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