Summer has officially arrived in Lake Tahoe, bringing longer days, (very) busy beaches, and renewed energy to our real estate market. As we move through the heart of the year, buyer activity is gaining momentum, with more properties coming to market and increased interest from both primary and second-home purchasers. 

The California side of Lake Tahoe, from Kings Beach to Rubicon Bay, experienced a strong second quarter as buyer activity continued to build throughout the spring. Transaction volume for single-family homes and condominiums climbed 41% year-over-year, increasing from 64 to 90 closed sales, while the average sales price rose an impressive 29% to $1,659,000. The median sales price remained relatively stable, increasing just 1.5% to $1,110,000, reflecting healthy demand across a broad range of price points. Sales activity accelerated as the quarter progressed, with 18 closings in April, 39 in May, and 33 in June. Buyers remain selective, with the strongest demand centered on updated, turnkey homes that allow for immediate enjoyment of the Tahoe lifestyle. For properties in desirable locations, we are seeing multiple offers and sales closing above the asking price, regardless of property condition. As the old adage goes, "Location, location, location!"

On the Nevada side of the lake, Incline Village delivered another exceptional quarter, driven by both local demand and a notable increase in out-of-state buyers. Closed sales rose 28% year-over-year, from 69 to 88 transactions, while the average sales price surged 46% to $2,720,000 and the median sales price climbed 23% to $1,725,000. Activity strengthened each month, culminating in 37 sales during June, as buyers continued to recognize the long-term value of Nevada ownership. Interest from purchasers relocating from California and Washington increased during the quarter, with many seeking the financial advantages of Nevada residency amid evolving wealth-tax legislation. Proximity to the Bay Area makes the 'move' particularly enticing for high net-worth families in that market, with a running joke that "The best neighborhood in San Francisco is Incline Village". Similar to the California market, turnkey and recently renovated homes remain the most sought-after properties, evidenced by a $20M new-construction sale on the 'dry' side of Lakeshore Blvd, Q2's highest priced closing. 

The California lakefront market saw limited (but notable) activity in Q2 2026, with two closed sales versus no sales in the same period last year. One transaction was an off-market Homewood property at $13,013,000 and the other was a Kings Beach acreage estate at $19,650,000. Both are likely redevelopment opportunities, underscoring the continued demand for sites with long-term potential. Inventory remains tight, with 14 active lakefront properties currently on the market ranging from $3,995,000 to $45,000,000. Of those 14 listings, Even so, a number of off-market and coming-soon opportunities should help support more activity in the months ahead, and with only two pending sales at this time, the market still has room to build back toward its historical annual average of 21 lakefront sales. Looking ahead, Q3 should continue to benefit from a motivated pool of buyers waiting for the right property. Buyers will benefit from staying informed on the market so they can act decisively, as many buyers have the same criteria.

On the Nevada side, the lakefront market remained exceptionally limited in Q2, but demand still produced two notable sales: an $8,000,000 property just past Lakeshore Boulevard and a Crystal Bay home that sold for $13,800,000, up from one sale in Q2 2025. Inventory is extremely scarce, with only two active lakefront listings currently available at $45,000,000 and $47,500,000, reinforcing the scarcity and desirability of Nevada waterfront ownership. While direct lakefront options remain few and far between, there are a number of appealing condo opportunities that offer buyers a more accessible way to get on the lake and participate in the market. Overall, the Nevada shoreline continues to show strength at the top end, with rarity, location, and lifestyle keeping demand firmly in place.

As we move through the heart of the Summer 2026 selling season, the Lake Tahoe real estate market continues to present encouraging opportunities for both buyers and sellers. On the California side, from Kings Beach to Rubicon Bay, buyers currently have 154 active listings to choose from, with offerings ranging from $250,000 to $45,000,000. In Incline Village, inventory has expanded to 173 active listings priced from $499,900 to $47,500,000. Additionally, we are aware of numerous off-market listings, some of which will hit the market later in the summer, others are strategically being shopped privately. The increase in available inventory has created a more balanced marketplace, and sellers are showing a willingness to adjust pricing when early buyer interest is limited. This has given many buyers the confidence to re-enter the market, resulting in more negotiations, more accepted offers, and a noticeable increase in transaction activity.

Whether you're searching for an entry-level condominium, a turnkey mountain retreat, or a premier lakefront estate, there are quality opportunities available across virtually every price point in both markets. Buyers who have been waiting for more selection and negotiating power are finding this to be one of the most favorable market environments in recent years, while well-prepared sellers continue to benefit from steady demand when their homes are priced accurately. As summer progresses, we remain optimistic that the combination of expanding inventory, realistic pricing, and motivated buyers will continue to drive a healthy and active Lake Tahoe real estate market.

Moore Team member Brendan Boyle has been elected by his peers to serve as the 2028 President of the Tahoe Sierra Board of Realtors. He will serve as the association's President-Elect in 2027, following a two-year stint on the board of directors. 

The Tahoe Sierra Board of Realtors seek to provide trusted leadership by promoting the highest level of professionalism and ethics among our members, ensuring their respect and success within the community. Additionally, our mission is to enhance the ability of our Members to practice their profession ethically and effectively through communication, training and accountability.

The Tahoe City Farmers Market is our favorite weekly spot to experience the heart of our community. From locally grown fruits and vegetables to fresh flowers, breads, and meats you won’t find anywhere else, it’s a true showcase of Tahoe’s best.

Whether you stop by in the morning for coffee and pastries or swing through later to grab lunch by the beach, feel free to drop by our office across the street to say hello! 

Commons Beach is a 4+ acre beach and park located lakefront in downtown Tahoe City on the North Shore of Lake Tahoe. Locals and tourists alike frequent the beach for swimming, kayaking, paddleboarding, sunbathing, picnicking and of course, every Sunday in the summer for our 12-week Concerts at Commons Beach concert series.

Guests are welcome to bring picnics, blankets, and low-back chairs for a perfect lakeside evening. Local food and drink vendors sell beer, wine, soft drinks, sushi, bbq foods, ice cream, and more. Come early and enjoy the lakeside ambiance with friends and family. We have a fully equipped playground for the little rock-‘n-rollers too!

Bluesdays is back in The Village at Palisades, and you won’t want to miss it. Every Tuesday from June 30 to September 1, some of the best blues artists from around the country take the stage for a summer evening of great live music. It’s free, it’s fun, and it’s the perfect way to spend a Tuesday night. Come hang out, enjoy the tunes, and make the most of summer.

Come kick back with live blues, good eats from Village restaurants, and cold drinks from the outdoor Blues Bar—thanks to our friends at Auld Dubliner. Bring a low-back chair, grab your crew, and settle in for some great summer nights at Bluesdays.

Truckee Thursdays is a feel-good event that beckons the community to enjoy some exuberant downtown summertime energy. Offering live music, licensed alcohol area, food court with local food trucks and vendors, children’s activities, and a wide variety of artisan vendors. It’s no wonder this lively weekly event is on both locals’ and visitors’ must-do list. In addition, attendees will find sidewalk sales and other activities hosted by Historic Downtown merchants.  Event Hours are 5pm to 8:30pm.

Enjoy Luxury Lake days with Elevation Charters!

They have a fleet of brand new Mastercraft X24's designed to make the cleanest, longest and biggest wave on the market with plenty of room to kick back and relax. Featuring over 4,300lbs of ballast and a the fastest fill system in the industry leaving more time for surfing, and less time waiting. They can customize the wave shape and size to the abilities of their guests. Your dream wave awaits. Elevation Charters take pride in our gear and provide the highest quality equipment on the market. Every year their quiver gets updated with the latest technology in wakesurfers and fresh neoprene. 

MONICA SMITH  |  MARK MOORE  |  KIMBERLY BOYLE  |  BRENDAN BOYLE

CA BRE 00691452, 02014452, 01995832, 02069122

NV S. 0194297

 With over 70 years of combined experience, and more than $275M in sales in the past 5 years, The Moore Team is consistently a top-producing team in the Tahoe market. In 2025, The Moore Team was involved with 20% of all lakefront transactions on the North & West Shores of Lake Tahoe, and over our careers, we have represented clients in more than 65 lakefront transactions. We specialize in lakefront and lake view properties in the Tahoe Basin, but our expertise extends throughout Olympic Valley, Alpine Meadows, and Truckee.

We’re grateful for the opportunity to serve our clients and friends, and we look forward to helping more of you achieve your real estate goals in the Tahoe market.