Tahoe Keys Real Estate Report

Buying and listing homes for sale in Tahoe Keys is an exciting venture. As a seller, you likely have the goal of finding a serious buyer in the shortest amount of time possible. As a buyer, you know that some pretty desirable amenities are in your future, as well as quick access to the lake and gorgeous views of Tallac, depending on where your home is situated. The best way to achieve your Tahoe Keys real estate goals is by doing two things: Finding a qualified Tahoe Keys realtor AND finding out what the Tahoe Keys real estate market is doing. A Tahoe Keys realtor will be able to guide you through the process seamlessly, regardless of what side of the transaction you are on, while the market stats can give you an idea of how to approach buying and selling. For example, knowing the month supply or average and median sold price can tell a seller what to list and a buyer what to offer. The interesting thing about the Tahoe Keys real estate market is that while it has the highest median and average sold price for the California side of South Lake Tahoe, it also has the highest month supply, which means BUYERS are in control of the market. So how is this neighborhood doing? Let’s take a look!

The good news for sellers this month is that the average sold price for homes for sale in Tahoe Keys is up 16.4% at $884,179. This is the second month in a row that this has gone up substantially. The median sold price for homes for sale in Tahoe Keys is up 6% at $730,000. This is also up about $10,000 from just last month. The average percentage of list price is unchanged at 95.7%. This number is a great way to gauge your negotiation power.

The good news for sellers is that new Tahoe Keys homes for sale have gone up 18.2%. The amount of Tahoe Keys homes for sale in general is up 11.4%. Pending Tahoe Keys homes for sale have gone up 13.3% while closed sales have gone down 2.5%. The average days on market is up and now at 139 while the median is up to 103. The month supply is up 29.4% compared to this time last year at 6.6. This is actually down from last month’s 6.7. A balanced market needs a 6 month supply and a seller’s market is anything less than 4. So while South Lake Tahoe’s month supply is 3.7 and in a sellers’ market, Tahoe Keys is experiencing a balanced market which means there are plenty of properties to purchase. If you are thinking of buying or selling in this neighborhood and are looking for a qualified realtor in Tahoe Keys, give me a call. I would be happy to help!

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