Tahoe Keys Real Estate Update

When it comes to listing and buying homes for sale in Tahoe Keys, knowing what is happening in the local market is one of the best ways that you can prepare yourself for what is to come. As a seller, you should prepare the home by cleaning, packing and storing away any clutter as well as making repairs. As a buyer, you will want to narrow down your “musts” vs your “wants” and what your budget is. Getting pre-approved is the best way to go about determining your actual budget. The best thing you can do before you start any of these basics is to choose a Tahoe Keys realtor. Not only can we help you from start to finish, but we can also provide you with the current Tahoe Keys real estate stats. As a seller, you can use these stats to compare homes for sale in Tahoe Keys and figure out a competitive list price. As a buyer, you can use this information to figure out what makes an enticing offer that stands out. As a Tahoe Keys realtor, we have up to date access to the current numbers and trends for all of South Lake Tahoe, including Tahoe Keys real estate. So what is happening with Tahoe Keys homes for sale? Let’s take a look!

The past few months, prices for homes for sale in Tahoe Keys have consistently been going up compared to this time last year. The average sold price for Tahoe Keys homes for sale is up 13.2% at $853,406. This is down compared to last month though. The median sold price for a Tahoe Keys home for sale is up 11.2% at $768,250. This is also down compared to last month. This could be due to a slow, dry winter, or the fact that this neighborhood is in a buyer’s market. We will see what happens come this summer. The average percentage of list price is still at 96%. This is a great tool for negotiation as it indicates how much “power” you have when it comes to the offer price you make on a Tahoe Keys home for sale.

New Tahoe Keys home for sale is down 10.1% while the amount of Tahoe Keys real estate available is up 11.4%. Pending sales are down 15.3% and closed sales are down 21.3%. The average days on market has increased 10.1% at 142. The month supply is up 17.9% compared to this time last year at 6.6. 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 3.5 and in a sellers’ market, Tahoe Keys is experiencing a balanced market which means there are plenty of properties to purchase. However, higher priced homes typically do not have the same demand as lower priced properties. 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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