South Lake Tahoe Real Estate Report

If you are thinking about listing or buying real estate in South Lake Tahoe, starting your journey by knowing the local stats is beneficial to both buyers and sellers. Whether you are a seller looking for a quick market time with the highest priced offer or a buyer looking for a specific type of home at a certain price point, a market analysis is a great guide for achieving your goals. Chat with your South Lake Tahoe realtor on what is happening in your area. They can give you the average sold price, days on market, month supply and more which can help you figure out what type of offer to make and what type of offer to accept. Each neighborhood has their own report so be specific with your South Lake Tahoe realtor on what type of homes for sale in South Lake Tahoe you want to buy. A home in Tahoe Keys will likely have a different comparable analysis compared to a home for sale in Al Tahoe. The report below is for South Lake Tahoe real estate in general. Take a look below and feel free to call me if you have more questions on real estate in South Lake Tahoe.

Currently, there is good news for sellers in that the average sold price for homes for sale in South Lake Tahoe is up 6.2% from this time last year at $547,707. The median sold price for South Lake Tahoe homes for sale is up 4.9% from last year at this time at $451,200. The average percentage of list price is currently 97.3% which it was last month as well. Ask your realtor in South Lake Tahoe how you can use this to your benefit, but in a nutshell, this helps you determine what offer to make or accept.

Buyers get good news as well thanks to the amount of South Lake Tahoe homes for sale increasing 7.5% from last year’s 214 to 230 this year. New listings increased 1.8%. Pendings decreased 0.4% while closed sales went down 1.2%. The average and median days on the South Lake Tahoe real estate market are currently sitting at 77 for the median and 102 for the average. The month supply went up 8.6% from last year at 3.8. The month supply has been sitting at this number for the past few months. A balanced market needs 6 months and anything less than 4 is considered a seller’s market. It is important to note that each neighborhood has their own market report, so if you have your eye on a certain area, be sure to chat with your realtor in South Lake Tahoe on what that market looks like. Have questions about South Lake Tahoe real estate or looking for a realtor in South Lake Tahoe? Feel free to reach out. I would be happy to help!

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