The Christmas Valley 1 & 2 Neighborhoods saw mostly positive notes in almost all the categories we follow. The number of closed sales increase in both areas. The average and median home prices increased quite a bit as well. Christmas Valley 1 saw a median increase of 54.7% from last year and Christmas Valley 2 saw a 14.8% median increase. The average increase for Christmas Valley 1 was 48.2%% while Christmas Valley 2 saw an average increase of 27.1%. The days on the market (the time between listing and close of escrow) decreased by 7.6% for Christmas Valley 1 while Christmas Valley 2 increased by 15.1%. The dollar per square foot actually went up for Christmas Valley 1 and went down for Christmas Valley 2. The list to sale ratio showed slight improvement for Christmas Valley 1 with a 3% increase while Christmas Valley 2 decreased 1.1%.
The month supply of available homes decreased from 3.9 to 1.9 for Christmas Valley 1 and 3.1 to 2.7 for Christmas Valley 2. Under 4 months indicates a seller market.
| Christmas Valley 1 Market Comparison | 2017 | 2016 |
|---|---|---|
| Number of Sales | 19 | 14 |
| Median Home Price | $471,000 | $304,500 |
| Average Home Price | $544,974 | $367,779 |
| Average List to Sale Ratio | 98.8% | 95.9% |
| Average Dollar Per Square Foot | $296 | $279 |
| Days on the Market | 122 | 132 |
| Month Supply | 1.9 | 3.9 |
| Christmas Valley 2 Market Comparison | 2017 | 2016 |
|---|---|---|
| Number of Sales | 30 | 25 |
| Median Home Price | $442,000 | $385,000 |
| Average Home Price | $494,600 | $389,028 |
| Average List to Sale Ratio | 97.3% | 98.4% |
| Average Dollar Per Square Foot | $262 | $285 |
| Days on the Market | 122 | 106 |
| Month Supply | 2.7 | 3.1 |
The post Christmas Valley 1st Quarter Market Report 2017 appeared first on Lake Tahoe Real Estate | South Lake Tahoe Real Estate Experts - Don & Theresa Souers.