Corcoran Global Living Group logo
  • Home
  • Contact
  • Open Houses
  • (530) 543-6686
  • Home
  • Contact
  • Search
    • Search All Areas
    • S. Lake Tahoe, CA
    • N. Lake Tahoe, CA
    • Lake Tahoe, NV
    • Search by Map
    • Neighborhoods
    • Email Notifications
    • My Account
  • Featured Listings
    • Featured Listings
    • Sold Listings
  • Buyers & Sellers
    • Sellers
    • Buyers
    • Building in Lake Tahoe
  • Tahoe Guide
    • Lake Tahoe Guide
    • Lake Tahoe Events
    • Lake Tahoe Ski Resorts
  • About
    • About Our Team
    • Meet Don and Theresa Souers
    • Meet Jaime Souers
    • Meet Ramona Hastings
    • Meet Dylan Hastings
    • Souers Team – Residential Sales Reports
    • Testimonials
  • Blog

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

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

How To Navigate Virtually Buying Lake Tahoe Real Estate

Lake Tahoe real estate has become very tech savvy over the course of the past decade, and with Covid-19, Lake Tahoe Realtors are ramping up to make sure they can meet the demand of their clients while still abiding by Shelter In Place orders. As an essential business, Lake Tahoe real estate must go on, but how we operate has definitely changed. With much of the United States being in a low inventory, high priced market, now is a great time to jump on less competition and historically low interest rates. But isn’t buying a home sight unseen risky? How do you know if the virtual tour is accurate? What if it is hiding something you’ll only find out about after you close? Can we be infected by the virus? These are a lot of questions that are circulating so we are here to help.
First thing is first: Lake Tahoe Realtors are a valuable source! If you are working with an experienced real estate professional, you can rest assured that they have your best interest at heart and won’t let you invest in something that doesn’t match your goals. They will also help you navigate each step and let you know if there are any issues with a property before you sign on the dotted line. Here are more tips to help you shop in the age of virtual real estate.

Analyze online listings and know how to look for red flags. Photos really are the first impression when it comes to searching for Lake Tahoe homes for sale. Most Realtors use a professional photographer which best showcases a listing. They are great at capturing natural light, the right angles and truly making the home look great. However, these photographers sometimes make a home look bigger than it is. So keep in mind that in person, a home may look a little smaller or darker. This is pretty standard though, if you see an image that looks a little toooo stretched out, it is possible that a seller or their agent is really pushing it with making a space look larger than it is to the point that you may be disappointed in person. Speaking of size, if certain photos focus on a focal point of a room, like a bathroom sink or specific appliance, it could mean that space is painfully small. OR! The photographer in question isn’t a pro. Either way, accurate sizing comes into question. Drawn blinds and closed curtains are a red flag. Usually, that means they are trying to hide something, be it a bad view, how close the home next door REALLY is or perhaps a broken window. Speaking of what is happening outside, if most of the photos are exterior and not interior, it could mean the property in question needs some work done inside. Definitely keep an eye out for key terms like “fixer upper”, “needs TLC” or “cozy”. These are usually nice ways of saying “needs work” and “small”. Of course, the square footage should give you a heads up on the listing information. Know this: how a house is laid out can impact how big or small it feels.
Make the most of virtual tours by having your agent share all the nitty gritty details like finishes, moldings, ceiling height, storage space, how deep cabinets and closets are, does the floor plan flow easily, etc. Lake Tahoe Realtors are skilled in paying attention to the littlest details so if there are certain features that are super important to you, ask them to report back on key issues you want to know about. There are so many ways you can virtually tour a home before scheduling an in-person appointment. Your agent can do a Facetime tour, a Zoom meeting or do a video walkthrough on their phone that they can send to you. Some sellers are so motivated they have been operating Zoom meeting tours with their listing agent, the potential buyers and the buyer’s agent. This isn’t a great fit for every scenario, but it is an option that has shown success for some folks.

Ready to see a home? Take precautions. If you have gotten through the virtual tours and really want to see certain listings to narrow down which one is the right fit, there are steps to take to keep everyone safe and healthy. Both agents will need to verify that their clients (both the sellers and the buyers) are not sick and showing any symptoms. Some are asymptomatic, so there are things that can be done to minimize exposure. First, sellers can keep doors open so buyers can see storage space and not feel the need to open things up, as they do during tours. Buyers don’t touch anything in the seller’s home. This includes handles, counters, walls, textiles, etc. Wear booties, gloves, face masks and throw them away when you are done. Wash your hands or use hand sanitizer as soon as you leave. Every area is operating a little differently. Some only allow one person in with the agent at a time, while others don’t have a maximum capacity. If a home is small, keep 6ft distance and if you need to have the agent stand at the door while you tour, that is ok. It is important to note that you may not be able to visit some Lake Tahoe homes for sale. The way a listing is shown continues to change with state governments dictating how and when they can happen. Some sellers may leave their home on the market but pause on any visitors coming in for a variety of reasons that we all need to respect, like an elderly resident or someone who is high risk or is an essential worker who is exposed every day.

Which brings us to the next point: Deep dive into those seller disclosures. This should, key word here, include any issues as well as previous upgrades. Inspections are always important, but sellers legally have to disclose all details they know about regardless which helps shine a light on things you need to know about before you proceed.

Before we sign off, you may be so focused on finding flaws in the house that you forget another key thing to investigate: the neighborhood. Every neighborhood offers something unique. Lake Tahoe Real Estate is fortunate in that there really isn’t a “bad” neighborhood. More so, there may be a few that have features you love and some you don’t. Figure out what details are important to you like proximity to work, certain schools, certain businesses and amenities like trails and outdoor recreation. Ask your local Realtor for a pros and cons lists of the areas you have pinpointed and ask them which ones you think are the best match for you.

For more information on how the Coronavirus has impacted real estate in Lake Tahoe and what that means for you, feel free to call us. We’d be happy to help you navigate this as things continue to change.

North Lake Tahoe, CA Real Estate Update

Summer is in full swing and there are a lot of sellers and buyers looking to list and/or buy. While North Lake Tahoe, CA real estate is a second home resort market and doesn’t quite operate like typical major cities or suburban areas, the best way to get started is all the same: By finding out the local market conditions from your North Lake Tahoe, CA Realtor. Regardless of selling or buying homes for sale in North Lake Tahoe, CA, details like month supply, average sold prices and days on market are beneficial to know as these numbers give insight that both parties can use to their advantage. It gives both an idea of their position in the current market as well an idea of what is needed to make an offer, or what makes a good offer to accept. If you are thinking of listing or buying homes for sale in North Lake Tahoe, CA, look below at the categories we follow and let us know if you have any questions.

Average and median sold prices for homes for sale in North Lake Tahoe, CA are both down compared to this time last year. The amount of homes for sale in North Lake Tahoe, CA were up this year compared to last, although not by much. One thing both parties can look forward to, based on the stats, is that North Lake Tahoe, CA real estate is moving much faster this year compared to last. Of course, it is important to note that this is just for the California North Side and doesn’t include West Shore or specific neighborhoods or areas. Your North Lake Tahoe, CA Realtor can provide a custom analysis upon request.
For more information on the North Lake Tahoe, CA real estate market or if you are looking for a North Lake Tahoe, CA Realtor, feel free to give us a call. We would be happy to help!

North Lake Tahoe June 201920192018
North Lake Tahoe June 201920192018
Active Listings7269
# of Listings Sold 1720
Average Sold Price$1,188,774$2,705,622
Median Sold Price$749,000$1,050,000
Days On Market42137
Next Page »

NEW LISTING
NOTIFICATIONS

Details

WHAT'S MY
HOME WORTH

Details

Categories

  • Buyers
  • Lake Tahoe Events
  • Foreclosure and Short Sales
  • Lake Tahoe Real Estate News
  • Lake Tahoe Real Estate Tips
  • Living & Working in Lake Tahoe
  • Lake Tahoe Market Reports
  • Sellers

Search Listings

$
$

Testimonials

Zephyr Cove, NV. Home Buyers Happy With The Souers Team
"Loved working with both Don & Theresa!!! They were willing to go above and beyond our expectations in finding a great home at a great price. They were able to show us properties around Lake Tahoe that were both in California and Nevada since we weren’t sure where around the lake we wanted to be. We ended up in Nevada and have been enjoying the purchase of our home for almost 10 years."
- Zephyr Cove, NV. Home Buyers Happy With The Souers Team
View all

California Neighborhoods

  • Al Tahoe
  • Bijou
  • Christmas Valley
  • Heavenly Valley
  • Montgomery Estates
View all

Popular Searches

  • Lakefront Homes
  • Lakeview Homes
  • Cabins
  • Newer Construction Homes
  • Tahoe Keys

Nevada Neighborhoods

  • Elk Point
  • Lakeridge
  • Marla Bay
  • Round Hill
  • Zephyr Cove
View all

The Souers Team

3045 Harrison Ave.
South Lake Tahoe, CA 96150
(530) 577-0389
Contact Us
Corcoran Global Living Group logo

Don Souers CA Lic. #01193569Theresa Souers CA Lic. #01175620Jaime Souers CA Lic. #01388030

sitemap   •   admin   •   ©2023 All Rights Reserved  •  Real Estate Website Design by IDXCentral.com