Al Tahoe real estate continues to enjoy the benefits of being one of the South Shore’s most sought after residential neighborhoods. However, the Al Tahoe real estate market report showed some signs of slowing down in a few of the categories we follow. The good news is that both the average and median sold prices went up. The median by 11.4% and the average by 29.8%. However, the amount of closed sales took a slight dip compared to this time last year, as did the amount of new listings at 3.8%. Pending sales also went down by 18.6%. The interesting part about this is that the month supply has actually gone up 16.7% compared to this time last year, which is a welcome relief for home buyers.
|Al Tahoe Market Comparison||2017||2016|
|Number of Sales||37||40|
|Median Home Price||$440,000||$395,000|
|Average Home Price||$596,554||$459,438|
|Average List to Sale Ratio||97.3||96.3|
|Median Dollar Per Square Foot||$357||$299|
|Days on the Market||83||93|