Montgomery Estates has typically been one of the higher value neighborhoods in South Lake Tahoe and this continues to be the trends for this area. When comparing the 1st quarter of this year to the first quarter of 2020, we see that there was a significant increase in the average sale price, dollar per square foot and list to sale price ratio. The amount of time on the market (including the escrow period) also went do and the months supply of inventory has taken a huge drop now showing that this has become a seller’s market.
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