Driving into Tahoe’s Future and I ask myself what will it bring? Firstly and most importantly I hope that we will all have a happy, healthy and successful 2017. Of course it is nice to know our investments are healthy as well. 2016 was a very strong year in real estate here in Tahoe. Sales volume and both average and median prices were up in every community around the lake for the third consecutive year.
Chase International South Tahoe Realty
The company I work with, Chase International has offices around the lake. I can get very detailed information for the specific market you are considering purchasing in please contact me: Jennifer Fortune 530-318-9286, firstname.lastname@example.org. I am licensed in both CA and NV. The communities our Chase offices serve are; Zephyr Cove, Glenbrook, Incline Village, Sparks, South Lake Tahoe, Tahoe City, Squaw Valley, Truckee, Reno and Carson Valley.
South Lake Tahoe is the Place to Buy Now
My specialty lies within the borders of South Lake Tahoe which continues to be the lowest priced area. South Lake Tahoe spreads from the CA side to the NV side with many options. Prices do continue to go up. In 2015 the median price was $362,000 and the average price was $439,523. In 2016 the median price is $415,000 and the average price is $502,675. Even though South Lake Tahoe is the least expensive it can be one of the best areas to buy for vacation rental income and general access to trails, skiing and Tahoe beaches. With the new year among us Incline Village remains the most expensive community overall. In Incline Village the median price for single family homes is $1,106,500 and the average price is $1,377.043. In 2015 the median price was $917,500 and the average price was 1,278,485.
So Tahoe’s Future? Appreciation has been huge since 2011/2012 when the market hit bottom. Are we at the top of the market? I would bet no. We won’t know of course until the year comes to an end.