Tahoe Paradise real estate is located along the right side of Pioneer Trail when accessing South Lake Tahoe via Highway 50 just past Meyers. This popular area had an interesting report this quarter. The good news for seller’s is the the median and average sold price went up. The median by 30% and the average by 19.3%. While homes for sale went down 36.4%, close sales went up minimally at 2.7%. New listings decreased 8.9% and pending sales went down 20.5%. Tahoe Paradise real estate is sitting on the market between 84 (median) and 116 (average) days. This area is still feeling the impacts of a seller’s market with a 2.4 supply. A balanced market needs 6 months while anything under 4 is considered a seller’s market.
| Tahoe Paradise Market Comparison | 2017 | 2016 |
|---|---|---|
| Number of Sales | 38 | 37 |
| Median Home Price | $506,200 | $389,500 |
| Average Home Price | $543,400 | $455,492 |
| Average List to Sale Ratio | 98.5% | 98.4% |
| Average Dollar Per Square Foot | $294 | $289 |
| Days on the Market | 84 | 78 |
| Month Supply | 2.4 | 3.0 |
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