Tahoe Keys Real Estate Update

If you have been thinking about selling or buying homes for sale in Tahoe Keys this spring, you will want to get started by finding a qualified, experienced and professional Tahoe Keys realtor. We help our buyers and sellers understand the current market conditions and how that impacts the buying and selling process. As a buyer, you want to feel confident you are paying market value for homes for sale in Tahoe Keys while still creating a competitive offer that stands out to sellers. Sellers need to make sure they price their homes for sale in Tahoe Keys according to the current market values. If properties are overpriced, they can sit and lose valuable market time. Knowing the current market conditions is why the use of a Tahoe Keys realtor is so necessary. So how is Tahoe Keys real estate doing? Let’s take a look at the numbers InfoSparks is reporting!

The average sold price for homes for sale in Tahoe Keys is down 8.9% compared to this time last year and is currently at $805,204. The median sold price for homes for sale in Tahoe Keys is down 2.2% from this time last year and is currently at $714,250. These two numbers are both down from last month. The average days on market is currently sitting at 105 which is down from last month as well. The average percentage of list price has increased slightly by 1% at 96.7%. Ask your Tahoe Keys Realtor how to use this number to your benefit.

The amount of Tahoe Keys homes for sale is down 5.1%, closed Tahoe Keys homes for sale are down 12.8%, pending Tahoe Keys real estate is down 31.4% and newly listed Tahoe Keys homes for sale are down 16.1%. The month supply is down 6.1% at 6.2 compared to this time last year. Anything less than 4 is considered a seller’s market while a market needs a 6 month supply in order to be balanced.

It is important to know that this market report is for Tahoe Keys specifically. Other neighborhoods will have different numbers, as well as the overall report for South Lake Tahoe. If you are looking for more information on Tahoe Keys real estate, feel free to give me a call. I would be happy to help.

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