If you are thinking of listing or buying North Lake Tahoe real estate, it is important to know what is happening in the local market. With the Lake Tahoe basin being made up of so many different towns and two states, each town, and each neighborhood within that town, has its own report. The below numbers are for North Lake Tahoe real estate in general and do not include the West Shore, Squaw, Northstar or Truckee. Though we can provide that information to you upon request. Before we dive into the numbers, we think it is important for folks to understand that these details really are necessary before you begin your journey as a seller and or buyer in North Lake Tahoe real estate. Days on market, average sold prices and more give you insight that allow you to make a confident decision on what offer to make or accept.
Currently, for this side of the lake, everything is down. The amount of sold real estate in North Lake Tahoe did decrease by 3, which is a slight decrease. The average and median sold prices did go down. We also saw the amount of days on market take a dramatic dive compared to the year prior, but this actually means real estate in North Lake Tahoe is moving much quicker, which is good news for motivated sellers. It does also mean that buyers may not have a ton of time to “sleep on it”. For more information on real estate in North Lake Tahoe, 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 | 8 | 11 |
| Average Sold Price | $832,562 | $937,590 |
| Median Sold Price | $732,500 | $885,000 |
| Days On Market | 26 | 202 |
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