Sales Surge in pricey Tahoe homes brings more hope to the market

Sales surge seen in pricey Tahoe homes


Published: Wednesday, Aug. 21, 2013 

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.




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