Real Estate News

Lake Tahoe-area home sales continue to hum along

Residential real estate in the high-end Lake Tahoe market continued to hum along in the first half of this year, according to Nevada-based Chase International Real Estate.

Chase noted that sales of homes of more than $1 million were up 30 percent year-over-year, primarily a result of strong sales in Incline Village.

The median price in the Tahoe market in the first six months of 2016 was $525,000, up 2 percent from a year ago.

Chase said Incline Village and south shore saw the bulk of the movement.

Mark Glover: 916-321-1184, @markhglover