Lake Tahoe luxury home sales blossom
By Mark Glover, Sacramento Bee
Luxury home sales are flying high again in the exclusive Lake Tahoe region and the Sacramento area.
Tahoe City-based Coldwell Banker Residential Brokerage said the number of single-family luxury home sales in the North Lake Tahoe/Truckee region soared more than 62 percent in the first quarter of the year compared with the same period a year ago. The figures were derived from Multiple Listing Service data of all single-family homes sold in the region with a sales price of more than $1 million during the most recent quarter.
The biggest increase in sales in the first quarter was in the $1 million to $2,499,999 segment of the market, with 34 transactions, up about 80 percent from the 19 sales in that price range a year ago.