As 2012 comes to a close it's a good time to reflect on the year in Lake Tahoe real estate. It's been a real roller coaster but we've spent the last several months on an exciting uphill climb. 

We started off 2012 with some of the lowest home prices seen in years but the median price has increased each month since July. For buyers interested in owning a home in Lake Tahoe you probably saw the home prices at their bottom this past spring.  

Inventory of foreclosures and short sales on the market are greatly reduced so we're seeing increasing interest for non-distressed homes for sale, and now, even more interest in luxury homes in order for buyers to get the kind of home they desire. 

Have a happy and prosperous 2013!

Median Sales Price                                $225,000                      $289,000

My two businesses of the month are both places I use often, Grass Roots and The Cork & More. 

The Cork & More is a true South Lake Tahoe treasure. They have been in town for 35 years, supplying everything from coffees and teas, a fabulous wine collection and specialty foods to beautiful gift baskets. They also cater all celebrations, including weddings. 

They remind me of Napa style markets where you can go in and grab everything for a wine tasting picnic.  Many locals and visitors use them for food baskets to take to watch Shakespeare or hear a concert on the beach. Owners Jim and Kim Warlow and their staff are very knowledgeable about wines and can help you with your selection.  

Cork & More is located in the Tahoe Center, across from Ross Department Store and next to the Al Tahoe Post Office.  Their address is 1032 Al Tahoe Blvd.  530-544-5253.