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Tahoe Island Dr 1st Quarter 2020 Market Report

April 14, 2020 by Natalie Leave a Comment

Tahoe Island Drive real estate was interesting in looking at the first quarter of 2020 compared to the first quarter of 2019. The amount of solds decreased along with days on market. However, good news for sellers is that the sold price increased along with price per square foot and percentage of list price. The month supply also went up which is good news for buyers as it means for more inventory is available. With that being said, it is still in a seller’s market. To understand the month supply more, it gives us an idea of who has control of the market. Anything 4 or under is a seller’s market, anything over 6 is considered balanced and anything over 8 is considered a buyer’s market with a surplus of housing inventory. For more information on Tahoe Island Drive real estate, give us a call. We’d be happy to help.

Tahoe Island Dr Comparison20202019
Number of Sales26
Median Home Price$682,000$507,750
Average List to Sale Ratio98.4%97.8%
Median Dollar Per Square Foot$346.88$250.31
Median Days on the Market32203
Month Supply3.22.3

Filed Under: Buyers, Lake Tahoe Homes for Sale, Lake Tahoe Market Activity, Lake Tahoe Market Reports, Lake Tahoe Real Estate News, Lake Tahoe Real Estate Tips, Sellers, Souers E-Newsletters, South Lake Tahoe, South Lake Tahoe, CA, Tahoe Island

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