High end home sales rise in across country and in Tahoe. Across the country, there were 20% more homes sales with closing prices of $1M or more in 2010 than in 2009.
In Tahoe, the Tahoe/Truckee Multiple Listing Service (MLS) reports 17% more home sales above $1M in 2010 than in 2009. More astounding, sales volume of homes in Tahoe/Truckee above $2M jumped 33% in 2010.
The lakefront market, a micro segment of Tahoe’s multimillion dollar market, outpaced all the trends realizing a 100% increase in sales volume in 2010 over the year prior.
Related article linked above.