Real estate in Lake Tahoe, in general, is on the rise. In the last year we have seen the median prices go up by about 16%. I say median and not average, as the luxury home sales have increased in activity by 50%, and are skewing the average.
In the last couple of weeks the Feds have slowed down the bond purchases which drove the mortgage rates up, so I think it did slow the market down a bit, but it has not affected the prices.
So, yes the bottom has been and gone!
Realtor - Coldwell Banker
530 448 6633