Sales surge seen in pricey Tahoe homes

Published: Wednesday, Aug. 21, 2013 - 12:00 am | Page 6B
Last Modified: Wednesday, Aug. 21, 2013 - 10:13 am

Evidence of a resurging real estate market is evident on the shores of Lake Tahoe, where premium-priced, high-end properties are moving.

Sierra Sotheby's International Realty's Lexi Cerretti recently closed her third lakefront home sale in Lake Tahoe this summer, with the sale prices at $11.8 million, $6.2 million and $5.3 million.

Sierra Sotheby's said lakefront sales in Incline Village and Crystal Bay have stepped up, with 11 lakefront homes and lakefront condos sold this year. Another half-dozen currently are pending sale.

By comparison, there were only 10 lakefront home and condo sales in all of 2012.

"Many high net-worth buyers are looking to either establish residency in Nevada or purchase second homes with plans to transition up to Lake Tahoe in the future from California," Cerretti said.

Call The Bee's Mark Glover, (916) 321-1184.

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Read more articles by Mark Glover



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