2025 Real Estate in Review: Incline Village & Crystal Bay

As we look back on the real estate landscape in Incline Village and Crystal Bay throughout 2025, one thing becomes clear: our market continues to tell a uniquely local story—shaped not only by interest rates and inventory, but by lifestyle, community shifts, and the lasting appeal of Lake Tahoe living.

As a longtime local real estate broker deeply rooted in this community, I can confidently say 2025 brought surprises, new beginnings, and a continued evolution in how buyers view Incline Village and Crystal Bay. The year wasn’t simply about transactions—it was about people choosing legacy over refuge, and planting roots in a place they once considered only a getaway.

The Incline Village MLS reported 301 total transactions in 2025 across houses, condos, PUDs, and vacant land. While that number is a far cry from the 644 sales recorded in 2020, it does represent an increase from 277 total sales in 2024 and 204 total sales in 2023…

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