Buying and listing homes for sale in South Lake Tahoe is such an exciting process. As experienced South Lake Tahoe Realtors, we love walking our clients through both sides of the process. To get started, we let buyers and sellers know what is happening in the market, both the city in general as well as the neighborhoods that apply to them. These details give us important information that help people make informed decisions on making and/or accepting an offer. Below are the main categories we follow.
The average and median sold prices for homes for sale in South Lake Tahoe are up compared to this time last year. The average sold price is up 4.1% $554,070 and the median is up 8.1% at $532,287. The average percentage of list price is down a bit by 0.5%. This number helps both parties determine their negotiation power.
The good news for buyers is that the amount of homes for sale in South Lake Tahoe is up 9.8%. However, the rest of the inventory categories are down. New listings are down 5.5%, closed sales are down 5.1% and pending sales are down 8%. The average days on market for South Lake Tahoe homes for sale is 99. The month supply is up 13.5% at 4.2. Anything under 4 is considered in favor of the seller while anything 6 or over is considered a buyer’s market. So while inventory isn’t still yet in favor of the buyer, it is going up compared to the past few years. For more information on buying or selling South Lake Tahoe homes for sale, feel free to give us a call. Our team is made up of South Lake Tahoe Realtors who take pride in being guides and advocates for our clients.
|South Lake Tahoe Market Report||2019||2018|
|Number of Closed Residential Sales||55||49|
|Median Home Sales Price||$460,000||$442,000|
|Average Home Sales Price||$554,070||$532,287|
|Average List to Sale Ratio||97.2%||97.7%|
|Median Dollar Per Square Foot||$348||$305|
|Average Days on the Market||99||100|