September Update – South Lake Tahoe

South Lake Tahoe Welcome Sign

What goes up must come down, right.  Well prices did decline over the last 3 months however in September prices jumped to near all-time highs not seen since the summer of 2006. The median sales price for the South Lake Tahoe city and county areas rose last month to $485,000.  Only $4000 off our highest median sales price ever – $489,000 which occurred two months earlier in April 2006.  Can we still go higher?  Only time will tell.