Tahoe’s Luxury Real Estate sales for properties priced above $1M are up 80%!

Coldwell Banker is a luxury leader, 52 units sold with $81 million in sales for 2016

The median sales price is down 2% from last year to $1,727,500 . Currently there are 240 Luxury homes pending.

Once we see the closed sales, I anticipate that we will see in increase in the median sales price of Luxury homes year over year.