The median price of a single-family home at Lake Tahoe increased to $617,475, a 17% gain from 2003. The value of condominiums in the Lake Tahoe Basin increased by 27% in 2004 with a median price of $352,688. “The market remains very strong and our outlook is positive for 2005″ stated Dan Spano, owner of Paradise Real Estate. “The median price in South Lake Tahoe, California for 2004 was $379,000. That is 39% less than the Lake Tahoe median. There are still very good investment opportunities in South Lake Tahoe. Look for strong appreciation again in 2005.”

This entry was posted on Sunday, February 6th, 2005 at 3:44 pm and is filed under Local statistics, Market Trends. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.