South Lake Tahoe Real Estate Update

Is Measure T taking its toll on the South Lake Tahoe real estate market?  Usually at this time of year we are closing a high number of residential properties within the city.  However over the last 30 days city sales have declined 35% from this same time period last year while the county areas have had a 17% increase in residential sales.  So is now the time to be buying within the city limits?  Will more buyers begin to purchase within the county due to less restrictive controls over short term rentals?  Only time will tell if the current trend continues but one thing is for sure.  Labor Day sales activity within the city in 2019 is down 35% from last year.