When comparing the first quarter of 2019 to the same period last year for the Al Tahoe neighborhood, we find the following:
The number of sales decreased as did the median and average sale prices. The list to sale price ratio and the median dollar per square foot stayed about the same. The average days on the market increased and so did the supply of homes on the market.
|Al Tahoe Market Comparison||2018||2019|
|Number of Sales||7||4|
|Median Sale Price||$519,000||$462,500|
|Average Sale Price||$547,457||$488,941|
|Average List to Sale Ratio||97.5%||97.2%|
|Median Dollar Per Square Foot||$302||$306|
|Days on the Market||113||122|
Worth noting in regards to the Al Tahoe real estate market: The current inventory is reporting a monthly supply of 4.1 indicating a trend toward a balanced market. At this time, the rolling 12 month median home price is showing a downward trend as of October, 2018.