LAKE TAHOE REAL ESTATE NEWS
Real Estate is the story of the past few months here in the Lake Tahoe area. Since it bottomed last year in July the Lake Tahoe real estate market had a healthy and speedy recovery. Month after month the number of homes sold increased, helped by the historically low interest rates real estate inventories diminished to the point where overbidding occurred on multiple homes on the market.
In the first half of 2013 there was an astonishing increase of 81.96% in Residential home sales compared to the same period of 2012 and 146.66% increase compared to the first half of 2011. Homes tend to stay a lot less on the market now than the previous years, and the Median Sales Price is back at pre-recession periods.
In the past month interest rates started to climb back up, increasing the number of potential buyers who are trying to seize the opportunity and take advantage of the still historically low interest rates. We will keep you updated with the latest Incline Village and Crystal Bay real estate market trends in our upcoming newsletters.
INCLINE VILLAGE SALES REPORT
Below you’ll find “Sold” property data for Incline Village and Crystal Bay real estate market, both located on the North Shore of Lake Tahoe, Nevada. The charts show three categories of properties: Residential, Condominiums, Town homes (Planned Unit Developments).
Please note that the reports above were created using data extracted from the MLXChange System and reflects property sales starting January 1 through June 30