Historic amounts of snowfall this past winter created incredible ski conditions in Tahoe, however it also created challenges for travel to the area. This dynamic correlated with a decrease in overall buyer traffic during the winter and spring with Q1 and Q2 sales numbers off of 2018 results. That said, as overall volume for sales declined slightly, the average sales prices have increased. Below is a comparison of 2019 vs 2018 Q1/Q2 market performance.
Number of Homes = 8
Average price of home sales = $2,865,625 vs. $2,089,325 over same period in 2018
Number of Homesites = 4
Average price of homesite sales = $290,000 vs. $197,335 over same period in 2018
Inventory within Lahontan remains steady, creating good selection of product across varying price points as outlined below:
Number of Homes for sale = 18
Home pricing from $1,598,500 to $4,889,000
Average home price = $2,780,305
Number of Homesites for sale = 38
Homesite pricing from $133,500 to $1,195,000
Average homesite price = $386,551
The magic of summer at Lahontan coupled with excitement for the extensive renovation of the Tom Weiskopf Golf Course greens, new pickle ball courts and additional family programming at Camp Lahontan is driving increased buyer traffic indicating a robust sales season ahead. In addition, Lahontan Realty is pleased to announce their recent sale of 12355 Lodgetrail Drive for $4,600,000 which represents the highest priced home sold in Lahontan in the past 4+ years. The Lahontan Realty team’s specialized approach and expertise to both the Lahontan and Martis Camp markets continue to yield incomparable results for buyers and sellers. If our market expertise can be of assistance with helping you buy or sell a property at Lahontan please call our professional team of agents at 530.550.1102.