Lake Tahoe experienced robust luxury home sales in 2018, with closings on single-family homes over $1 million increasing by 19%. Average median prices rose 12% around the lake, except on the East Shore where prices softened by 9%.
Reno witnessed a 51% increase in home sales over $1 million this year, as the rest of the market paused a bit moving into 2019.
“Luxury really made a comeback this year,” said Susan Lowe, Senior Vice President and Corporate Broker at Chase International. “We saw some very strong numbers in the luxury segment, which we define at over a million dollars, roughly. Across the region, the million dollar luxury market is up 25% from 2017.”
Chase International closed out the year in December with several luxury sales highlighted here. Additionally, it’s worth noting that there was a $22 million sale in Tahoe City, continuing the trend of uber-luxury sales around Lake Tahoe in 2018. Watch for detailed year-end market reports, soon to follow.
Congratulations to our clients and agents who closed on the following properties: (more…)
It’s a new year, so how about a new living room to go with all those resolutions? Check out these eight, gorgeous spaces currently available for sale in Reno, Tahoe and Carson Valley that you could call home: (more…)
The snow is coming down, so it’s time to think about skiing and shredding Lake Tahoe. But don’t limit yourself to just one weekend. You can play all winter long with your own ski-in, ski-out, slopeside vacation property. Chase sales associates and avid skiers Tilly Mezger and Mike Flanagan curated the best options from around the lake. (more…)