The older condos, however, give mixed results. Used homes are down, but you could have a huge sale throw the stats. Last year the upper end of the market led the way in sale transactions. The number of transactions weren't up, but the dollar value was. While a new home may typically cost more than a resale, Bischoff said there is stiff competition at the lake.
Used homes hold their value very well.
Both Delaney and Bischoff see a trend toward buying a lot and tearing down an existing, older home and replacing it with a newer one due to strict regulations governing new-home construction. As a result of all these factors, the housing stock in the Tahoe Basin will continually decline, he said. This poses a bigger problem for those looking for an entry-level home. There will always be places around like old cabins, but the prices are going up. Materials contained within this site may not be used without permission.