Tahoe, Truckee home prices continue rise

In 2017, the median price of single-family homes across Lake Tahoe and Truckee rose 7 percent over the previous year, according to stats by Chase International. Among the four regions that comprise the Lake Tahoe totals—Incline Village, East Shore, South Shore and Tahoe City—the median home price increased from $545,000 in 2016 to $585,000 in 2017. Over the same time frame in Truckee, the median price increased from $629,000 to $673,500. At the year’s end, Incline Village had the highest median price at $1,062,000, which was up 5 percent from the previous year. South Shore had the lowest median price, at $439,000, a 6 percent increase from 2016, while Tahoe City experienced a 10 percent rise in median price, to $650,000. The sale of million-dollar homes in Tahoe City increased by 26 percent in 2017. Reno home prices also continue to rise, with the median price up 11 percent to $350,000.

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