The Tahoe Keys neighborhood is a sought after area in the heart of South Lake Tahoe. This popular neighborhood has some mixed notes in the categories that we follow. The closed sales increased by 44.8%. The median home price barely moved up at 1.3% while the average home price decreased by 7.3%. The days on the market (the time between listing and close of escrow) went up 2% along with the price per square foot. It is important to note that the larger the home, the lower the dollar per square foot. The list to sale ratio went up slightly at 1.4%.
The month supply of available homes decreased from 7.4 last year to 5.3 this year. Under 4 months indicates a seller market so this desirable area is still considered a buyers market.
|Tahoe Keys Market Comparison||2017||2016|
|Number of Sales||84||58|
|Median Home Price||$679,500||$671,075|
|Average Home Price||$740,200||$798,147|
|Average List to Sale Ratio||96.8%||95.5%|
|Average Dollar Per Square Foot||$350||$343|
|Days on the Market||103||101|