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 Comparison | 2020 | 2019 |
|---|---|---|
| Number of Sales | 2 | 6 |
| Median Home Price | $682,000 | $507,750 |
| Average List to Sale Ratio | 98.4% | 97.8% |
| Median Dollar Per Square Foot | $346.88 | $250.31 |
| Median Days on the Market | 32 | 203 |
| Month Supply | 3.2 | 2.3 |
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