A Tale of Two Housing Markets

Incline Village and Crystal Bay are proving that Lake Tahoe’s housing market is anything but normal. Despite slowing trends elsewhere, luxury real estate here is booming—there have already been 12 sales over $5 million this year, with the priciest closing at $37.5 million (compared to just $11 million at its highest in 2024). It’s a whole new level of demand. Even as prices dip in other Western markets, Tahoe’s resort-style charm keeps its real estate vibe strong.
– 70% of Western markets are seeing inventory rise and prices drop—but not here.Tahoe Daily Tribune
– Year-to-date 2025 sales have already outpaced both 2024 and 2023 totals.Tahoe Daily Tribune
– Record-setting luxury closings cement Tahoe’s appeal for high-net-worth buyers seeking everything the Nevada side of North Lake Tahoe has to offer.