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SUMMARY BOX: Median home price at Lake Tahoe now $617,475

AP

Thursday, Jan. 6, 2005 | 11:25 a.m.

SUMMARY BOX: Median home price at Lake Tahoe now $617,475

THE MEDIAN: The median price of a single-family home sold in the Lake Tahoe basin in 2004 was $617,475, up 17 percent from 2003.

BIG TICKET: The most expensive were on Tahoe's northeast shore at Incline Village, Nev., where the median price was $806,00 and the average price was $1.15 million.

CONDOS: The median price for a condo sold lake-wide last year was $352,688, up 27 percent from 2003.

THE BARGAIN: The lowest median price for a condo was $280,000 at South Lake Tahoe, Calif., up 41 percent from 2003.

MILLIONAIRES: Lake-wide, 214 single-family homes were sold at prices higher than $1 million, including 99 at Incline Village, 62 at Truckee, Calif., 50 on the east shore in Nevada, 43 at Tahoe City, Calif., and 22 at South Lake Tahoe, Calif.

Source: Chase International

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