If you are interested in buying or selling North Lake Tahoe homes for sale, you came to the right spot. Each month, we make it a point to share the current market stats for each major area around the lake. We find that staying up to date on the current market conditions is very helpful when it comes to having a successful transaction. Details like average and median sold price and days on market can help guide both parties when it comes to buying or listing. As a buyer of homes for sale in North Lake Tahoe, you can use this same information to craft an offer that will appeal to a seller. As a seller, you get an idea of how long homes for sale in North Lake Tahoe are taking to get an offer as well as what to list at. The best way to get this information is by working with a qualified North Lake Tahoe realtor. We use the local MLS to ensure our reporting is up to date and accurate. So how is North Lake Tahoe real estate looking? Let’s take a look!
Not much has changed on this side of the lake, except for an increase in price. Which is the story almost everywhere. April sales were down by one compared to the year prior for North Lake Tahoe real estate compared to this time last year. Interestingly, the amount of active North Lake Tahoe homes for sale was similar compared to this time last year with 37 this year, and 40 last. The total dollar volume and sales prices for North Lake Tahoe real estate was up a considerable amount this year compared to last along with the median sold price. This April, homes for sale in North Lake Tahoe were on the market (on average) 61 days, up from 54 compared to last year.
For North Lake Tahoe condos, the amount of listings were down from 22 last year to 21 this year. The amount of solds, however, were the exact same at 6. The average sold price for this year was $699,166, which is almost doubled from $327,333 last year. Average days on market decreased from 35 to 58.
If you are interested in North Lake Tahoe real estate, let us know. We’d be happy to help!
| North Lake Tahoe May 2018 | 2018 | 2017 |
|---|---|---|
| North Lake Tahoe May 2018 | 2018 | 2017 |
| # of Listings Sold | 6 | 7 |
| Average Sold Price | $843,166 | $644,892 |
| Median Sold Price | $777,500 | $603,000 |
| Days On Market | 61 | 54 |
The post North Lake Tahoe Real Estate Update appeared first on Lake Tahoe Real Estate | South Lake Tahoe Real Estate Experts - Don & Theresa Souers.