The Tahoe Keys real estate is a sought after area in the heart of South Lake Tahoe that has unique amenities including a marina, private beach, pool, club house and more. This popular neighborhood has the highest average sold price and median sold price on the California side of Lake Tahoe. Currently, the average is up 3.8% while the median is down slightly at the exact same percentage. The amount of homes for sale is up 12.5%, while the closed sales are down 11.7%, pendings are down 16.% and new listings have had no change. Days on the market have gone up, which is sometimes expected from higher priced properties. Interestingly, while the prices have climbed in this neighborhood, Tahoe Keys real estate is in a buyer’s market with a 5.7 month supply.
| Tahoe Keys Market Comparison | 2017 | 2016 |
|---|---|---|
| Number of Sales | 80 | 60 |
| Median Home Price | $688,500 | $737,500 |
| Average Home Price | $759,510 | $803,713 |
| Average List to Sale Ratio | 96.7% | 95.8% |
| Average Dollar Per Square Foot | $435 | $381 |
| Days on the Market | 105 | 99 |
| Month Supply | 5.7 | 5.7 |
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