The Lake Tahoe, NV real estate market had some interesting notes in this month’s market report. For those thinking of buying homes for sale in Lake Tahoe, NV knowing the current marketing conditions is important. Sellers get an idea of what is a good list price based on current market values while buyers get an idea of what their purchasing power is.
When looking at the sold homes for sale in Lake Tahoe, NV we see that everything is up except for days on market. Home values have increased as well as the amount of sold properties. This is great news for sellers as it means NOW is a great time to make money on your investment at resale.
When looking at actives, we see that with only 26 homes for sale in Lake Tahoe, NV-the inventory issues are still very much present on the East shore. The average list price is currently $6,019,115 (whoa!) and the median is about half that at $3,300,000. This particular side of the lake is known for having higher price points.
When looking at pendings, we see that there were 40 Lake Tahoe, NV homes for sale in escrow. The average list price of these properties is $2,284,077. For condos, there were 19 sold with an average price of $890,079. There were 13 actives with an average list price of $756,346. There were 22 pending with an average price of $486,536.
For more information on Lake Tahoe, NV homes for sale, feel free to give us a call. We’d be happy to help.
| Lake Tahoe, NV Real Estate Market Report | 2020 | 2019 |
|---|---|---|
| Lake Tahoe, NV Real Estate Market Report | 2020 | 2019 |
| # of Listings Sold | 30 | 16 |
| Average Price | $1,792,602 | $1,253,687 |
| Median Price | $1,200,000 | $871,750 |
| Average Days On Market | 124 | 167 |
