The luxury housing market in the Lake Tahoe Basin has helped the total sales for the first half of the year reach more than a half billion dollars.

According to Chase International, the value of single-family residences in the basin for the first six months of 2017 was $511,139,859. For the same period in 2016 the number was $472,811,970.

There have been 104 houses priced at $1 million or more that have sold this year.

Incline Village has been the hot spot for sales with $175,924,050 in sales for the first six months.

The South Shore was the region with the second highest value at $145,112,125. However, the number of houses sold dropped year-over-year from 318 in 2016 to 274 in 2017. The average home price, though, is increasing — $500,589 last year, $529,606 this year.

— Lake Tahoe News staff report