This past year has been a curveball for real estate in the Lake Tahoe Basin. While prices were already steadily increasing, the pandemic and mass exodus from heavily populated areas that followed blew up the housing market.
Online real estate platforms show historically low inventory along with the skyrocketing prices all around the lake.
Real estate brokers both agree that low inventory and rising prices will continue for the foreseeable future.
California has seen six years of double digit growth in sales, according to Deb Howard, broker and owner of Deb Howard & Co.
According to Howard, on the South Shore there are currently 51 residential listings with a median home price of $1.275 million. There are 99 pending sales with a median price of $750,000, with the overall median home price at $673,000.
Lake Tahoe sees home sales surge mtdemocrat.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from mtdemocrat.com Daily Mail and Mail on Sunday newspapers.