Tahoe Keys Real Estate Update

If you are listing or buying homes for sale in Tahoe Keys, knowing the current market conditions is incredibly important if you want to have a successful experience. As a buyer looking to purchase homes for sale in Tahoe Keys, knowing what is happening 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 percentage of list price these homes are getting. Using a qualified Tahoe Keys realtor is one of the best ways to get this information.  We utilize the local MLS in order to pull this data and we work as your advocate throughout the entire process. 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 14% from last year and is sitting at $861,163. This is up from this time last year AS WELL as this time last month. The median sold price is up from this time last year by 13.9% at $791,600. This is also up from just last month. The median percentage of list price (this indicates your negotiation power) is still sitting at 96.6%, which it has stayed at for the past few months. New listings are down 14% and pending sales are down 29.5%. Interestingly, homes for sale in Tahoe Keys are up 18.2% while closed sales are down 18.1%. These numbers are somewhat similar to last month as well. The median days on market has also gone up 3.8% at 108, which is actually down compared to last month. The current month supply for real estate in Tahoe Keys is up 16.4% at 6.4. This neighborhood is officially in a balanced market and the good news for buyers is that inventory is going up. 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 and this continues to be proven for this neighborhood. 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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