If you are interested in buying or listing North Lake Tahoe homes for sale, knowing what the current market conditions look like is super helpful for a successful transaction. Of course, we firmly believe that aligning yourself with a qualified North Lake Tahoe realtor is the most important thing you can do. However, educating yourself on what is happening is also incredibly helpful. After all, knowing what the median and average sold prices are along with how many days North Lake Tahoe homes for sale are sitting on the market, is huge. For buyers you know what makes a competitive offer and for sellers, you know what your magic list number is. So how is this side of the lake looking? Check it out!
The good news is that listings are up! Way up! This year there were 30 North Lake Tahoe homes for sale that closed compared to just 9 this time last year! The average sold price this year was $866,975 compared to last years $761,444. The median sold price was $690,000 compared to $680,000 this time last year. The average days on the market this year was 100 less compared to this time last year as well. So things on this side of the lake are moving! What is interesting is that the amount of active listings this time and last year were pretty much the same with the difference of just 1 listing. The amount of condos for sale this year did see a decrease of 24 actives compared to last years 43 actives. However, we saw 7 sold condos compared to last years 6. If you are interested in real estate on this side of the lake, let us know. We’d be happy to help!