The first half of 2026 has reinforced the continued maturation of the Tahoe-Truckee real estate market. Pricing reached new highs across much of the region, luxury demand remained resilient, and inventory gradually expanded, creating a healthier balance between buyers and sellers. Rather than moving in unison, individual communities continued to follow their own trajectories, shaped by local supply, product mix, and buyer preferences.
Luxury remained the defining story. More than half of all residential sales closed above $1 million, while Incline Village once again led the market with record-setting lakefront transactions, including the year's $46 million and $20 million sales. Martis Camp continued to distinguish itself as one of the West's premier luxury communities, with strong demand, limited inventory, Elsewhere, the market became increasingly nuanced. Communities such as Lahontan and Scha er's Mill experienced more balanced conditions as inventory increased and buyers became more selective, while many Truckee and North Lake Tahoe neighborhoods posted steady gains in both pricing and transaction activity. Throughout the region, well-positioned homes continued to outperform, while ambitious pricing strategies gave way to longer marketing times and thoughtful price adjustments.
Taken together, the first half of 2026 illustrates a market defined less by broad regional trends than by the unique dynamics of each community. Understanding those distinctions has never been more important, and the pages that follow provide a detailed look at how each neighborhood
As always, we are grateful to our clients and the communities we serve. This year, Tahoe Mountain Realty was honored to be recognized as the Best Real Estate Team by the readers of the Sierra Sun, a reflection of the relationships we have built and the trust our clients continue to place in our
Best regards,
Je Brown
General Manager
Tahoe Mountain Realty
$2,100,000
$2,000,000
$1,000,000
$600,000 $700,000 $800,000 $900,000
$500,000
TA H O E – TRUCKEE
1,764,797
$1,906,805
6MO MARKET O V ERVIEW
$4,325,000
$4,466,000
$4,675,000
$5,100,000
$5,626,000
$6,522,000
$8,557,000
$7,275,000
$7,125,000
$8,500,000
$6,700,000
$4,176,000
$4,176,000
$3,747,000
$4,287,500 $4,388,000
$8,574,143
$9,482,000
$7,750,000
$7,253,000
$8,397,000
$10,655,000
Northstar California Resort is one of Lake Tahoe's premier four-season destinations, where a vibrant pedestrian village, championship golf, miles of hiking and biking trails, and thoughtfully designed neighborhoods define an elevated mountain lifestyle. As the original sales and development team for The Village at Northstar, Tahoe Mountain Realty helped shape the resort's residential vision and remains a leading brokerage within the resort today.
JANUARY - JULY 1, 2026
AVERAGE DAYS ON MARKET
JANUARY - JULY 1, 2026
AVERAGE DAYS ON MARKET
Mountainside at Northstar is one of Lake Tahoe's most exclusive mountain communities, o ering refined residences, direct access to Northstar's extensive trail network, and an amenity-rich lifestyle centered around M25, Tahoe's only gated slopeside enclave. Tahoe Mountain Realty exclusively represented the original development, selling out every residence, and has remained the community's leading brokerage since 2017.
OLD GREENWOOD
JANUARY - JULY 1, 2026
Old Greenwood pairs championship golf, resort-style amenities, and a relaxed mountain lifestyle to create one of Truckee's most established private communities. Tahoe Mountain Realty served as the exclusive brokerage for the original development and continues to be a leading brokerage within Old Greenwood, representing buyers and sellers with decades of market knowledge.
GRAY’S CROSSING
JANUARY - JULY 1, 2026
Gray's Crossing o ers a relaxed mountain lifestyle, where a championship golf course, extensive trail network, and convenient proximity to downtown Truckee create one of the area's most desirable year-round communities. Tahoe Mountain Realty was entrusted with the original launch of the community and continues that legacy today as the exclusive brokerage for The Village at Gray's Crossing and the community's leading brokerage.
SCHAFFER’S MILL
JANUARY - JULY 1, 2026
Scha er's Mill is an intimate, gated community where refined mountain architecture, a private club lifestyle, championship golf, and year-round recreation create one of Truckee's most sought-after residential enclaves. Tahoe Mountain Realty has represented buyers and sellers throughout the community's evolution and remains one of its leading brokerages, o ering unmatched market insight and long-standing relationships.
AVERAGE DAYS ON MARKET
TOTAL SALES VOLUME
LAHONTAN
JANUARY
- JULY 1, 2026
Scha er's Mill is an intimate, gated community where refined mountain architecture, a private club lifestyle, championship golf, and year-round recreation create one of Truckee's most sought-after residential enclaves. Tahoe Mountain Realty has represented buyers and sellers throughout the community's evolution and remains one of its leading brokerages, o ering unmatched market insight and long-standing relationships.
MARTIS CAMP
JANUARY - JULY 1, 2026
Martis Camp is one of the country's most exclusive private mountain communities, where award-winning architecture, championship golf, and an unrivaled collection of amenities define the pinnacle of four-season luxury living. Tahoe Mountain Realty has represented many of the community's most significant transactions since its inception and is the number one outside brokerage within Martis Camp, including representing the buyer in the highest sale ever recorded in the community.
Sugar Bowl is one of Lake Tahoe's most storied mountain communities, celebrated for its authentic alpine character, rich history, and deeply loyal ownership. As the exclusive in-house real estate team for Sugar Bowl, Tahoe Mountain Realty works closely with buyers, sellers, and the resort to thoughtfully steward ownership within one of Tahoe's most distinctive private communities.
INCLINE VILLAGE, NV
JANUARY
- JULY 1, 2026
Incline Village combines Lake Tahoe's iconic shoreline with the lifestyle and residency advantages of Nevada, creating one of the region's most sought-after lakefront communities. Tahoe Mountain Realty provides experienced guidance to buyers and sellers throughout this distinctive market and proudly represented both the buyer and seller in the highest sale of the year, reinforcing our presence at the highest level of Tahoe's luxury market.
NORTH LAKE TAHOE, CA
JANUARY - JULY 1, 2026
Lake Tahoe is one of the West's most iconic alpine destinations, celebrated for its crystal-clear waters, dramatic mountain landscape, and enduring appeal as both a recreational retreat and legacy ownership market. Spanning California and Nevada, the region encompasses a diverse collection of resort communities, lakefront enclaves, and private clubs—each shaped by its own character, regulations, and development history. Tahoe Mountain Realty represents buyers and sellers throughout the Tahoe basin, providing the local expertise and strategic insight needed to navigate one of the country's most nuanced luxury real estate markets.
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TRUCKEE
TAHOE DONNER
PROSSER LAKEVIEW
LAKE FRONT
LAKE TAHOE
TAHOE CITY
KINGS BEACH
AS A PROUD FOUNDING MEMBER OF FORBES GLOBAL PROPERTIES,
TAHOE MOUNTAIN REALTY OFFERS OUR CLIENTS
UNMATCHED EXPOSURE TO A WORLDWIDE
This exclusive network connects us with top-tier brokerages in over 25 countries, ensuring our listings are seen alongside the world’s most exceptional properties. Backed by the power of the Forbes brand and editorial platform, our membership elevates every listing with global reach, luxury credibility, and marketing that speaks directly to qualified buyers wherever they may be.
Tahoe Mountain Realty | A Legacy of Excellence
Tahoe Mountain Realty (TMR) is the premier luxury brokerage serving the and sellers with the area’s most distinctive properties With deep roots in the local community, TMR pairs exceptional service with a passion for the Tahoe lifestyle, providing strategic insights and unparalleled guidance to help clients achieve their real estate goals
