Tahoe Keys Real Estate Update

Listing and buying homes for sale in Tahoe Keys requires a bit of knowledge if you want to have a successful experience. Tahoe Keys real estate is the one neighborhood on the California side of the South Shore that is in a buyer’s market. Exciting news if you are a buyer, right? Of course, there is one catch. This neighborhood also happens to have the highest median and average sold price on this side of the lake as well. If you have been looking for a home in this desirable neighborhood, there is some information you can use your benefit. Days on market, sold prices and month supply can be used by both buyers and sellers to know what makes a competitive offer worth making and accepting. As a seller, one of the best ways you can use this information is to figure out what makes a competitive list price for homes for sale in Tahoe Keys. The best way to get this information is from a Tahoe Keys realtor. We not only guide you through both sides of the transaction, but we also act as your advocate incase there are bumps in the road. As a Tahoe Keys realtor, I use the local MLS to get up to date stats on the Tahoe Keys real estate market so that my clients always have the most accurate information. 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 15.3% at $853,148. The median sold price for a Tahoe Keys home for sale is up 13.1% at $768,250. While the average is down by a couple hundred dollars, the median sold price, while up compared to this time last year, is unchanged from just last month. The average percentage of list price is at 95.9%. This great tool can be used to gauge your negotiation power when it comes to making/accepting an offer on a Tahoe Keys home for sale.

New Tahoe Keys homes for sale are up 3.7% while the amount of Tahoe Keys real estate available is up 17.6%. Both these numbers are up compared to last month as well. Pending sales, however, are down 13.1% and closed sales are down 11.9%. The average days on market has increased 15% to 138, however, this is down compared to last month which means homes are moving a little faster. The month supply is up 24.1% compared to this time last year at 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. 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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