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All regions show an increase in sales volume and median price from April. While the MLS shows zero lakefront single-family home sales on the North and West shores, there was an off-market West Shore lakefront that sold for $18M. With the exception of lakefronts, pending sales are up considerably year over year (in Truckee, pending sales are up 82% compared to May of last year), resulting in a decrease in active listings. These numbers reflect considerable buyer demand, which should increase even more as we move into the summer sales season.
~Bill Dietz, principal broker of Tahoe Luxury Properties
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