If you are thinking of listing or buying Lake Tahoe, NV real estate, it is important to know what is happening in the local market. Market stats like average and median sold prices, days on market, percentage of list price and more give us valuable information that we then pass on to both our buyers and sellers so they can use to their benefit. Buyers get an idea of their buying power based on their budget, how quickly they need to act based on days on market and what type of market we are in. Sellers get an accurate picture of what they should list at based on current fair values and what makes an offer worthy of accepting or turning down. It is important to note that what is happening on one side of the lake is not indicative of what is happening on another. It simply is not a one size fits all as each area has its own market, economy, etc. Lake Tahoe, NV real estate is known as the East Shore and has higher priced homes compared to South Lake Tahoe, CA. You may think they’d be the same since they share so many similar amenities and are essentially separated by a border, but it is a lot more complicated than that. If you are looking for more information on this side of the lake, it is important that you chat with your Lake Tahoe, NV realtor to get an accurate picture.
Lake Tahoe, NV real estate saw a dip in all categories. While homes for sale in Lake Tahoe, NV did close quicker compared to this time last year, the average and median sold prices did decrease. The amount of actual solds only went down by one, so there wasn’t a drastic drop in sales. For more information on this side of the lake, feel free to reach out to us. 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 | 7 | 8 |
| Average Price | $1,086,285 | $1,180,375 |
| Median Price | $735,000 | $900,000 |
| Average Days On Market | 108 | 219 |
Leave a Reply