The Highland Woods neighborhood saw mostly positive notes in almost all the categories we follow. Both the average and median home prices increased. The average increased by 33.8% while the median increased by 27.9%. The number of closed sales went up from 6 to 17. The days on the market (the time between listing and close of escrow) actually decreased by 44.4% while the average dollar per square foot went up. The list to sale ratio dropped slightly by 1.6%.
The month supply of available homes decreased from 1.6 to 1.5 for the Highland Woods neighborhood. Under 4 months indicates a seller market.
| Highland Woods Market Comparison | 2017 | 2016 |
|---|---|---|
| Number of Sales | 17 | 6 |
| Median Home Price | $415,000 | $324,500 |
| Average Home Price | $441,794 | $330,150 |
| Average List to Sale Ratio | 97.8% | 99.4% |
| Average Dollar Per Square Foot | $251 | $211 |
| Days on the Market | 95 | 171 |
| Month Supply | 1.5 | 1.6 |
The post Highland Woods 1st Quarter Market Report 2017 appeared first on Lake Tahoe Real Estate | South Lake Tahoe Real Estate Experts - Don & Theresa Souers.