Sales surge seen in pricey Tahoe homes
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.
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.