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Lake Tahoe, NV Real Estate Market Report

The Lake Tahoe, NV real estate market had some interesting notes in this month’s market report. For those thinking of buying homes for sale in Lake Tahoe, NV knowing the current marketing conditions is important. Sellers get an idea of what is a good list price based on current market values while buyers get an idea of what their purchasing power is.

When looking at the sold homes for sale in Lake Tahoe, NV we see that everything is up except for days on market. Home values have increased as well as the amount of sold properties. This is great news for sellers as it means NOW is a great time to make money on your investment at resale.

When looking at actives, we see that with only 26 homes for sale in Lake Tahoe, NV-the inventory issues are still very much present on the East shore. The average list price is currently $6,019,115 (whoa!) and the median is about half that at $3,300,000. This particular side of the lake is known for having higher price points.

When looking at pendings, we see that there were 40 Lake Tahoe, NV homes for sale in escrow. The average list price of these properties is $2,284,077. For condos, there were 19 sold with an average price of $890,079. There were 13 actives with an average list price of $756,346. There were 22 pending with an average price of $486,536.

For more information on Lake Tahoe, NV homes for sale, feel free to give us a call. We’d be happy to help.

Lake Tahoe, NV Real Estate Market Report20202019
Lake Tahoe, NV Real Estate Market Report20202019
# of Listings Sold 3016
Average Price$1,792,602$1,253,687
Median Price$1,200,000$871,750
Average Days On Market124167

Lake Tahoe, NV Real Estate Report

The demand for Lake Tahoe, NV real estate continues over on the East Shore. Not only are the sold prices for Lake Tahoe, NV homes for sale up by almost $2 million dollars from last month, the amount of sold Lake Tahoe, NV homes for sale are also up. This particular area of the lake is known for having higher price points compared to its South Shore neighbor and this month’s report definitely shows that. At the time this blog was posted, there were 44 active Lake Tahoe, NV homes for sale available with an average list price of $4,275,545 and a median days on market of 37. There were 101 pending Lake Tahoe, NV real estate properties with an average list price of $1,413,934. These numbers include both condos and residential homes.

It is important to note that with the increasing buyer demand, decreasing inventory and historically low mortgage rates, NOW is a great time to list. If you are in the market to buy Lake Tahoe, NV real estate, work with a local expert and be patient as they guide you through this competitive climate. For more information on homes on this side of the lake, feel free to give us a call. We’d be happy to help!

Lake Tahoe, NV Real Estate Market Report20202019
Lake Tahoe, NV Real Estate Market Report20202019
# of Listings Sold 4523
Average Price$3,078,942$771,434
Median Price$740,000$639,000
Median Days On Market10784

South Lake Tahoe Real Estate Update

Home prices continue to rise as the rush to buy homes for sale in Lake Tahoe continues. In looking at this month’s report, we are seeing the same trends of low inventory and buyer demand carry on thanks to remote learning and working allowing for people to move out of cities and suburbs. Let’s look at the numbers below….

The average sold price for homes for sale in Lake Tahoe are up 15.9% at $653,168 and the median sold price is up 6.4% at $500,000. These numbers are not only up from this time last year but also just last month. The average percentage of list price is up minimally at 97.8%, which means homes for sale in Lake Tahoe are getting pretty close to ask in most scenarios. Inventory wise, the amount of Lake Tahoe homes for sale are down 24.4%, the amount of closed sales are up 27.6%, the amount of pending properties are up 37.4% and the amount of new Lake Tahoe homes for sale are down 2.5%. The average days on market are sitting at 107 and the month supply is down 24.4% at 3.4. This means we are absolutely in a seller’s market, just as the news article have been saying.

If you are thinking of selling your Lake Tahoe real estate, there has never been a better time. If you are thinking of buying, make sure you choose someone who is well versed in our local industry, knows the local market and can guide you through the transaction process with ease. Those looking to purchase will need to be patient and understand that the current conditions are a little harder to navigate thanks to record low inventory, increasing values and the historically low mortgage rates creating so much demand. For more information on Lake Tahoe real estate, feel free to give our team a call. We would be happy to help!

South Lake Tahoe Market Report20202019
Number of Closed Residential Sales15770
Median Home Sales Price$500,000$470,000
Average Home Sales Price$653,168$563,793
Average List to Sale Ratio97.8%97.2%
Average Dollar Per Square Foot$376.74$362.04
Average Days on the Market107101
Month Supply3.44.5

Lake Tahoe, NV Real Estate Report

If you are thinking of buying Lake Tahoe, NV homes for sale this summer, knowing what is happening in the local market is one of the best ways to get the process started. After getting pre-approved and finding a qualified and experienced Lake Tahoe, NV Realtor of course. We can guide you as both a seller and a buyer by sharing the latest market report and giving you numbers like average and median sold price, month supply, days on market and more. These details help sellers figure out the best list price and selling strategy while it guides buyers on creating a competitive offer. So how are Lake Tahoe, NV homes for sale doing right now? Let’s take a look……

One thing to note is that Lake Tahoe, NV real estate is on fire right now. Now that so many people are able to work remotely and don’t need to live in a city or urban area, they are looking at mountain, rural and suburban locations to buy in right now. As a result, we have seen Lake Tahoe, NV homes for sale moving quickly. Though, what was interesting is that the median sold price appeared to be down, the average sold price was up. At the time this blog was published there were 85 active listings and 58 pending properties. This is for the Lake Tahoe, NV real estate market as a whole, so if you want to see a home in a specific neighborhood, the custom market analysis may show a different set of numbers. For more information on selling and buying Lake Tahoe, NV homes for sale, feel free to give us a call. We’d be happy to help guide you!

Lake Tahoe, NV Real Estate Market Report20202019
Lake Tahoe, NV Real Estate Market Report20202019
# of Listings Sold 1920
Average Price$1,607,631$1,097,950
Median Price$551,000$594,500
Average Days On Market111100

North Lake Tahoe Real Estate Report

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 Report20202019
Lake Tahoe, NV Real Estate Market Report20202019
# of Listings Sold 811
Average Sold Price$832,562$937,590
Median Sold Price$732,500$885,000
Days On Market26202
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