Why NOW Is a Great Time To Buy Tahoe Keys Real Estate

If you are thinking of buying Tahoe Keys homes for sale, there has never been a better time. Especially if you have been thinking of upgrading. While South Lake Tahoe real estate in general is in a seller’s market, Tahoe Keys real estate is at an almost 7 month supply. To put this number in perspective, a balanced housing market needs 6 months, while anything less than 4 is a seller’s market. In a seller’s market, there is high demand and low inventory, which means not a lot of Tahoe Keys homes for sale on the market. In a balanced market, it means there is enough inventory to meet buyer demand. While it doesn’t mean that you can get a multi million dollar home for sale in Tahoe Keys at dirt cheap prices, it does mean that you have a higher chance of snagging a good deal. Here are a few reasons why now is a great time to purchase a home for sale in Tahoe Keys.

  • There is a lot of inventory to choose from on the current Tahoe Keys real estate market. This neighborhood happens to have the highest median and average sold price for South Lake Tahoe real estate, so likely buyers looking at this neighborhood have a little more buying power when it comes to their budget. There are several affordable condos available as well.
  • Generally when sellers have more Tahoe Keys homes for sale to compete with, they are more flexible on the price. Low balling is pretty much always a real estate faux paus, BUT, you can discuss with your Tahoe Keys realtor what an appropriate offer would be and how low you can go without being offensive.
  • Interest rates are still low enough that you can lock in a great deal on a Tahoe Keys home for sale. Depending on how tight your budget is, if these go up even just a bit, you could be priced out of a home you have been eyeing for a while. Chat with your Tahoe Keys realtor about this before you start searching as well to make sure you are looking at properties that truly meet your criteria.

For more information on buying in the Tahoe Keys real estate market, give me a call. As a long time Tahoe Keys realtor, I would be happy to help!

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