2007 1st Half Tahoe Home Sales Report
Tahoe home sale prices dropped 5% on average in the first half of 2007, yet Incline Village was the only area to see an increase in both median and average prices for the 2nd quarter and 1st half of 2007. The average price of a single famly home in Incline Village, Nevada, jumped 21% to $1,569,000 in the second quarter of 2007 over the same period last year. The median price was up 11% to $1,200,000. Note that this data is exclusive of Condos and PUD (freestanding townhomes), as these sales did not fare as well.
Sales volume increased 35%, as 39 homes sold this quarter compared to just 29 the same period last year. Although sales volume is still down from the 2nd quarter 2004 and 2005, where nearly 70 homes sold, this is a dramatic increase, year over year.
Higher end homes are outpacing the low end market...
Read on... 2007 Tahoe Home Sales Report
Comments(0)