Tahoe’s most exclusive real estate is located on the waterfront, which also experienced an uptick in sales in October compared to a year ago. Four multi-million-dollar lakefront properties closed in October and five were in contract, compared to just two closings last year and two in contract.
The median price for a lakefront home (on either the California or Nevada side) was just under $4 million.
The first three quarters of 2017 saw an unexpected decrease in overall sales that led some to think the market was headed for a slowdown. October figures have helped assuage those fears.
“The strong October numbers signal the Tahoe real estate is not pulling back as some have suggested,” said Bill Dietz, principal broker of Tahoe Luxury Properties, in the report. He said he expects strong sales to continue through the end of the year.
Link to Mansion Global original article: Lake Tahoe’s Real Estate Market Has Strong October - Mansion Global:
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