If you are thinking of listing Lake Tahoe, NV real estate this fall, now is a great time! Inventory continues to remain low around the lake, and the U.S. it seems. The high demand for buyers leaving heavily populated areas thanks to remote work and learning has created an interest in rural, resort areas. Whether you are selling or buying Lake Tahoe, NV homes for sale, knowing what is happening in the market is a great way to get your journey started. Let’s look at the numbers…..
There were 27 solds for the month of October with an average sold price of $2,336,870. The median for these properties were $1,275,000 with days on market at 89. The amount of active Lake Tahoe, NV homes for sale available is 30 with an average list price of $6,084,333. Something to note is that properties on the East Shore tend to have a higher price point than homes on the California side of the South Shore. The average days on market for the active Lake Tahoe, NV homes for sale is at 38. Which means if you are a buyer, you have to move fast! When we look at the pending properties, there are currently 37 with an average list price of $2,387,621.
Knowing how quickly homes are moving, what the average selling prices are and how much inventory is available tells sellers what fair property values are while telling buyers the info they need to craft a competitive offer. If you are interested in buying or selling on this side, note that the above numbers are a general snapshot and that each neighborhood has their own micro report. For more information on Lake Tahoe, NV real estate, give us a call. Our team would be happy to help!