If you are looking to purchase North Lake Tahoe real estate, the latest market report will help guide you, whether you are a seller or a buyer. Not only will this give you an understanding of what is happening in the current area, but you will know a general idea of what is appropriate to pay as a buyer and what is appropriate to list as a seller. Based on what we saw on this side of the lake, North Lake Tahoe real estate seems to be in a seller’s market still. The amount of sales saw a dip this year while both the average and median sold price both went up compared to last year at this time. We did see the amount of sales go down this year which isn’t shocking as we have seen that as a trend in a lot of areas. There were 3 homes that sold in the $300,000 – $499,999, which were the lowest priced sales while the highest price sale was in the $5,000,000 – $7,999,999 range. It is important to note that each area has its own set of statistics and these ones are a general over view from the local MLS. For a custom North Lake Tahoe real estate market report, give us a call. We would be happy to help!
|North Shore Market Report||2017||2016|
|Number of Sales||14||17|
|Median Home Price||$639,250||$615,000|
|Average Home Price||$901,952||$1,033,823|
|Days on the Market||70||58|