Tahoe Keys Real Estate Update

Buying and listing homes for sale in Tahoe Keys is super exciting. 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. As a seller, you likely have the goal of finding a serious buyer in the shortest amount of time possible. 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% at $857,307. This also happens to be up substantially from last month. The median sold price for homes for sale in Tahoe Keys is up 6% at $720,000. The average percentage of list price is at 95.7%. This number is a great way to gauge your negotiation power.

New Tahoe Keys homes for sale have gone up 9.7%. The amount of Tahoe Keys homes for sale in general is up 11.4%. Pending Tahoe Keys homes for sale have gone up 5.3% while closed sales have gone down 4.9%. The average days on market went up 23.3% to 143 while the median is up 6.9% at 108. The month supply is up 28.8% 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 realtor in Tahoe Keys, give me a call. I would be happy to help!

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