Tahoe Keys Real Estate Update

If you are thinking of buying a home for sale in Tahoe Keys, knowing the current market conditions can help aid you as a buyer. You know how much to expect to spend, what the current inventory supply is and how long homes are sitting on the market. A seller can also benefit from knowing the current market stats as well. 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. As a seller, knowing this info gives you insight on how much to list at, etc. All of this info is helpful when navigating buying or listing a home for sale in Tahoe Keys. So how is real estate in Tahoe Keys doing? Lets take a look! 

The average sold price for a home for sale in Tahoe Keys is currently up 2.2% and sitting at $814,311. The median sold price is up slightly at 3.5% at $730,000. This numbers are not only up compared to this time last year, but also this time last month. The median percentage of list price (this indicates your negotiation power) is at 96%. New listings and pending sales are both down. New listings are down 5.4% while pending sales are down 18.8%. The median days on market has also gone up 16% at 109, which is actually down compared to last month. The current month supply for real estate in Tahoe Keys is down 6.8% at 5.5. 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. Real estate in Tahoe Keys 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, are interested in Tahoe Keys real estate or are looking for a qualified Tahoe Keys realtor, give me a call. I would be happy to help! 

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