Tahoe home sales down
The number of home sales around Lake Tahoe in the first nine months of this year fell by 41 percent compared with year-earlier figures.
The average sales price is up by 22 percent to $1.22 million, reported the real estate company Chase International.
On the east shore of Lake Tahoe, the number of units sold declined by 34 percent from a year ago. Sales of homes priced at $1 million or above rose by 6 percent to 36 from 34 a year ago and the average price of a home on the east shore increased by 44 percent.
With median price nearing $500,000, Reno’s ‘sizzling’ real estate market showing no signs of cooling in 2021
In Reno/North Valleys, the median home price shot up to a record high of $485,000 in October, a 5.4% bump from September and a 17% jump from last year. Reno-Sparks as a whole is at $455,000, and Fernley is above the $300K mark at $318,000.