SacBee: Mark Glover, July 8, 2016
Residential real estate in the high-end Lake Tahoe market continued to hum along in the first half of this year, according to Nevada-based Chase International Real Estate.
Chase noted that sales of homes of more than $1 million were up 30 percent year-over-year, primarily a result of strong sales in Incline Village.
The median price in the Tahoe market in the first six months of 2016 was $525,000, up 2 percent from a year ago.
Chase said Incline Village and south shore saw the bulk of the movement.
- Median sales price in first half of year is $525,000
- Incline Village, south shore seeing most movement
- Median in nearby Truckee is $629,500, up 15 percent