Chase International has released Lake Tahoe’s housing sales stats for the third quarter of 2011.
From the 3rd-quarter report:
- The median price of a home in Lake Tahoe is $370,500; down 10 percent from the third quarter of 2010.
- While sales and prices were down around the lake overall, East Shore saw a 7 percent increase in median home price ($575,000). Volume sold was up 32 percent. Units sold were down nine percent.
- “We are starting to see the return of the high-end buyer with especially the East Shore experiencing some substantial high-end sales,” said Sue Lowe, corporate vice president for Chase International. “With the increase of high-end sales, we are anticipating a boost in end-of-year numbers.”
- Truckee experienced some stabilization from this time last year, seeing a 16 percent increase in units sold and a 21 percent bump in units sold for less than a million. The median price of a home in Truckee is $435,000; down 12 percent from third quarter 2010.
Click here, Tahoe Home Prices Stay in Step with Rest of U.S., to view the full release from Chase International.
Click on the thumbnails below to see the sales numbers and price banding broken out by: Incline Village, East Shore, Tahoe City, South Lake Tahoe, Sparks, Reno, Carson Valley and Truckee.
With a 10% Y-O-Y decline in prices, only a shameless real estate shill could say,
“With the increase of high-end sales, we are anticipating a boost in end-of-year numbers”
I wonder how Smarten’s place is doing these days. At this rate, I’ll be able to afford to be his neighbor in a few years…
The median price at Tahoe is $370K?
The median price in Reno/Sparks in 1/06 was $365K.
You mean to tell me that the Tahoe market today is basically what the Reno/Sparks market was 6 years ago?
Half of all houses that sold in Tahoe sold for $370K or less? That’s getting to be pretty pedestrian, isn’t it? Used Toll Bros. McMansions in Reno cost more than that.
How can the people who own there continue to feel superior?
But, the Tahoe market is much different!!!
At these prices, I could see myself owning a home at Tahoe … !
From the RGJ: East Shore serves as Tahoe bright spot in quarterly report