Tahoe Keys Real Estate Report

If you are thinking of buying Tahoe Keys real estate, knowing the current market conditions can help aid you as both a buyer and a seller. Of course, using a qualified Tahoe Keys realtor will make the difference in having a successful transaction. When you work with a Tahoe Keys realtor, they can give you statistics straight from the MLS on things like what the median and average sold prices are, days on market, etc. Knowing this info gives you insight on how much to list at, what is an appropriate offer to make, how quickly houses are moving, etc. All of this info is helpful when navigating the Tahoe Keys real estate market. So how is real estate in Tahoe Keys doing? Lets take a look! 

The average sold price for real estate in Tahoe Keys is currently up 5.4% and sitting at $800,919. The median sold price is up slightly at 0.8% at $699,000. The median percentage of list price (this indicates your negotiation power) is at 96.7%. New listings and pending sales are both down between 10-12% while the amount of homes for sale and closed sales are up between 4-6%. The median days on market has also gone up 25.5% at 118. The currently month supply for real estate in Tahoe Keys is down 16.1% at 5.2. In order for a market to be considered balanced, it needs a 6 month supply. This neighborhood is pretty close to that inventory level. However, it is important to note that higher priced homes typically do not have the same demand as affordable properties, which is why you hear about some homes moving quicker than others with multiple bids. Tahoe Keys real estate has the highest average sold price on the California side of Lake Tahoe, so it makes sense that we would have the higher month supply and days on market. If you are thinking of buying or selling in this neighborhood and are looking for a qualified Tahoe Keys realtor, give me a call. I would be happy to help! 

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