The Gardner Mountain neighborhood saw mostly positive notes in almost all the categories we follow. The number of closed sales increased by 44.8% . The average and median home price and the average home price increase was up. The average increased by 29.8% and the median increased by 16%. The days on the market (the time between listing and close of escrow) stayed roughly the same with a slight 2% increase while the average dollar per square foot went up slightly. The list to sale ratio showed zero change and stayed the same from the prior year.
The month supply of available homes decreased from 3.7 to 1.9 for the Gardner Mountain neighborhood. Under 4 months indicates a seller market.
| Gardner Mountain Market Comparison | 2017 | 2016 |
|---|---|---|
| Number of Sales | 42 | 29 |
| Median Home Price | $359,500 | $310,000 |
| Average Home Price | $399,333 | $307,541 |
| Average List to Sale Ratio | 98.4% | 98.4% |
| Average Dollar Per Square Foot | $264 | $257 |
| Days on the Market | 116 | 113 |
| Month Supply | 1.9 | 3.7 |
The post Gardner Mountain 1st Quarter Market Report 2017 appeared first on Lake Tahoe Real Estate | South Lake Tahoe Real Estate Experts - Don & Theresa Souers.