Lake Tahoe real estate market dips
November 22, 2019 - Lake Tahoe
The Lake Tahoe real estate market slowed down in the first six months after a stormy winter in comparison to the same time last year, according to a major Lake Tahoe real estate firm.
Susan Lowe, corporate vice president of Chase International, which compiled the report, said the market is expected to pick up in the second half of 2019.
The area saw a 20% decline in volume sold, and a 12% decline in units sold, the report said. The median price was up by 2%, and sales over $1 million were down by 5%. The number of homes sold for under $1 million declined by 15%.
Chase International said the data compares all MLS homes sales from January 1, 2019 through June 30, 2019 to the same timeframe in 2018. The report covers the entire Lake Tahoe area.
“The heavy winter slowed sales around the basin,” Lowe said in a news release. “We are seeing an uptick in interest and offers which should result in a strong second half of the year.”
Read the rest of the story @ The Sacramento Bee
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