The real estate market has been ramping up with May reporting 23 homes selling for $1,000,000 or more showing an increased demand for luxury resort property. Overall in the Tahoe region the activity has remained strong with a total of 133 transactions totaling $114,144,215, which is $20,000,000 more than the next best month year to date. The total number of transactions was the same as May of 2013 with the average price increasing by 40% based on these luxury sales. The median price for the year is up 16% in what was considered a supply constrained market.

from The CalNev Team - North Lake Tahoe 1 Million Plus Homes http://www.facebook.com/pages/p/693275294066368

via IFTTT