The Heavenly Valley neighborhood saw mostly positive notes in almost all the categories we follow. Both the average and median home prices increased. The average increased by 8% while the median increased by 26.6%. The number of closed sales only went down by 24.4%. The days on the market (the time between listing and close of escrow) went down by 15.1% while the average dollar per square foot went up. The list to sale ratio showed slight improvement as well as it was up 2.0% from the prior year.
The month supply of available homes decreased from 6.1 to 4.2 for the Heavenly Valley neighborhood. Under 4 months indicates a seller market.
| Heavenly Valley Market Comparison | 2017 | 2016 |
|---|---|---|
| Number of Sales | 34 | 45 |
| Median Home Price | $392,500 | $310,000 |
| Average Home Price | $514,794 | $476,640 |
| Average List to Sale Ratio | 97.1% | 95.2% |
| Average Dollar Per Square Foot | $288 | $271 |
| Days on the Market | 118 | 139 |
| Month Supply | 4.2 | 6.1 |
The post Heavenly Valley 1st Quarter Market Report 2017 appeared first on Lake Tahoe Real Estate | South Lake Tahoe Real Estate Experts - Don & Theresa Souers.