The story has been picked up by the…
- Reno Gazette Journal –
- Lake Tahoe News – Short sales spur Tahoe-Reno real estate market
- Luxury Real Estate.com – 2010 Starts off Strong for Chase International Reno-Tahoe Home Sales
- and Chase’ Corporate Vice President’s blog – Short Sales Spur Tahoe-Reno Real Estate Market
What’s all the fuss about? Lake Tahoe prices are now back to 2000 levels…and apparently this is spurring a buying frenzy. The median sold price in Lake Tahoe is now $510,294 [I remember posting this news just two years ago, Tahoe Home Prices Return to 2004 Levels, when the Tahoe’s average sold price dropped below $1M. Consequently, first quarter unit sales are up 52% over Q1 2009 unit sales.
Click on any of the links above for more to the story.
Or if you prefer, check out the .pdfs below [click to enlarge]. This data, compiled by my broker, is the data on which the above stories were based. For you fans of price banding, be sure to check out the price branding .pdf. [Note: each .pdf contains multiple pages]