Tahoe Keys Real Estate Update

If you are in the market to list or buy homes for sale in Tahoe Keys, knowing what is happening in the market makes for a successful experience. As a buyer looking to purchase homes for sale in Tahoe Keys, knowing the current market conditions can help guide you on the offer to make. When selling Tahoe Keys homes for sale, this information can be used as a tool to come up with a competitive list price as well as knowing how many days the homes are sitting on the market and what the percentage of list price is. Of course, using a qualified Tahoe Keys realtor will make the difference as we work to be your advocate throughout the entire process. When you work with an experienced 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. So how is real estate in Tahoe Keys doing? Lets take a look! 

The average sold price for homes for sale in Tahoe Keys is currently up 10.1% from last year and is sitting at $844,822.  The median sold price is down slightly at 11.9% at $789,000. Both of these are also up compared to last month by a pretty significant amount. The median percentage of list price (this indicates your negotiation power) is still sitting at 96.6%. New listings are down 5.3% and pending sales are down 30%. Interestingly, homes for sale in Tahoe Keys are up 18.8% while closed sales are down 18.3%. The median days on market has also gone up 6.1% at 105, which is actually down compared to last month. The average days on the market is also up 19.2% at 143. The current month supply for real estate in Tahoe Keys is up 10.7% at 6.2. This neighborhood is officially considered to have a balanced market. However, higher priced homes typically do not have the same demand as affordable properties. In fact, one of the 2018 predictions was that we would see relief in the higher priced properties first. 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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