After a few month slump, two upper crust properties just went into contract in the North Lake Tahoe area. 5526 North Lake. Asking price was $10.5M. 1.3 acre parcel on Flick Point in Agate Bay. Scheduled to close at the end of January.
8458 Valhalla Dr in Martis Camp. Asking price was $9.395M. Martis Camp is the high-end DMB/Highlands Group golf course development that is tied in to the Northstar ski area. Martis Camp has started to play in the field of upper value lakefront and is getting a lot of attention.
I predict the upper end will continue to see strong action through the first quarter of 2012.