Luxury home sales and the median sale price in the North Lake Tahoe and Truckee area climbed once again in the third quarter of 2011 from the previous three months, according to Coldwell Banker Residential Brokerage, Northern California’s leading luxury real estate services company.
A total of 34 homes sold for more than $1 million from July through September, up from just 23 homes sold in the second quarter of the year. However, luxury home sales were off from the third quarter of 2010 when 46 high-end homes changed hands.
The median sale price of a million-dollar plus home also spiked 22 percent from the second to the third quarter to $1,707,500 but was down just 1 percent from the like period a year ago.
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