Lake Tahoe, NV Real Estate Update

Are you in the process of listing or buying Lake Tahoe, NV homes for sale? You came to the right spot! One of the best ways to start your Lake Tahoe, NV real estate journey is by finding out what is happening in the market. Regardless of whether you are a buyer or a seller, knowing the current market conditions is crucial for a successful transaction. That, and working with a qualified Lake Tahoe, NV realtor. As a seller listing Lake Tahoe, NV homes for sale, knowing the current area stats will give you a good idea of pricing based on recent comparable sales. Overpricing a property can have serious repercussions. You can also use details like days on market and the amount of solds to your advantage. A qualified Lake Tahoe, NV realtor will be able to provide an accurate market analysis for you so you know what is best for your home. As a buyer, knowing the market will help guide you in putting together an enticing offer that a seller will choose out of the competition. So how is Lake Tahoe, NV real estate doing? Let’s take a look!

The amount of solds on this side of the lake have actually stayed the exact same according to the NNRMLS, although both the median and average sold price have gone down quite significantly compared to this time last year.  This area is usually known for having a higher price point (but tax benefits that offset the cost), however, one sale can throw off the numbers. The days on market have decreased by almost 100 which means home are pending faster compared to this time last year. At the time this blog was listed, there were 67 active properties (up from last month!) with an average list price of $4,884,522 and 16 pendings (also up from last month) with an average list price of $2,706,743. If you are interested in buying Lake Tahoe, NV real estate, let us know. We would be happy to help!

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