The East Shore region of Lake Tahoe last year surpassed Incline Village for the first time as the area with the highest home costs, as the average sales price on the East Shore reached $1.18 million, says a study by Chase International, a real estate firm that specializes in Lake Tahoe properties.
The company said last week that the average price of a home in Lake Tahoe jumped 19 percent to $890,135 from $746,731 a year earlier.
The year's sales statistics included a 33 percent increase in overall volume; 13 percent increase in units sold; 10 percent increase in single-family homes under $1 million and 34 percent increase in homes over $1 million.
Tahoe City saw the largest increase (25 percent) in average home price, from $621,077 to $779,184.
The East and South Shores followed with 18 percent increases and Incline Village saw a 16 percent jump in average home price.
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