This is another interesting comparison for Lake Tahoe, NV Real Estate. The number of sales is lower this year compared to last year BUT the sold prices this year are MUCH higher compared to last. Most of the sales this month were over a million dollars with the highest sale almost $5 million. Last year, there were no sales over a million and the highest sale was $975,000. Also good news is that BOTH the average and median price for Lake Tahoe, NV real estate have gone up by a pretty impressive amount. This means if you have been thinking of selling for a while, your home value has likely gone up compared to just a year ago. The dollar per square foot has also gone up, further proving that point. Also up is the median days on the market. On the day this blog was published, there were 79 active Lake Tahoe, NV real estate listings with a median price of $1,675,000 and 15 homes were in escrow with a median price of $799,000. For more info on buying Lake Tahoe, NV real estate, give us a call as we would be happy to help!
| LAKE TAHOE, NV MARKET COMPARISON | April 2017 | April 2016 | |
|---|---|---|---|
| # of Sales | 6 | 9 | |
| Median Price | $1,425,000 | $500,000 | |
| Average Price | $1,921,666 | $577,266 | |
| Median Days on Market | 289 | 164 | |
| Price Per SqFt | $581 | $305 | |
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