If you are interested in buying or selling North Lake Tahoe homes for sale, knowing the current North Lake Tahoe real estate market is essential in having a successful experience. Whether you are a buyer or a seller, insight can be gained from understanding details like days on market, month supply and the sold prices. Not only do both parties know their position in the market, but they can act accordingly. A seller will know what is the best price to list North Lake Tahoe homes for sale as well as how long they can expect to be on the market before getting an offer. A buyer can understand how their budget lines up with the local market values and what they need to bring to the table in order to get their offer on North Lake Tahoe homes for sale accepted. The best resource for these numbers is a professional North Lake Tahoe realtor. We use the local MLS stats, which are updated monthly and the most accurate resource for market activity. So how is North Lake Tahoe real estate doing? Let’s take a look!
This month’s report is a little interesting. The amount of sold North Lake Tahoe real estate is the same as this time last year. The days on market for North Lake Tahoe real estate has gone up quite a bit this year compared to last. However, the sold prices for North Lake Tahoe real estate has gone up A LOT. Check out the infographic below to see the numbers.
North Lake Tahoe condos, on the other hand, had a bit of a different report. The amount of sold listings were the exact same both this year, and this time last year, at 9. The average sold price for North Lake Tahoe condos this year was actually down at $512,055 compared to $678,222 the previous year. The median sold price for North Lake Tahoe condos is also down this year at $423,000 compared to last year’s $430,000.
If you are interested in North Lake Tahoe real estate, let us know. We’d be happy to help!
| North Lake Tahoe June 2018 | 2018 | 2017 |
|---|---|---|
| North Lake Tahoe June 2018 | 2018 | 2017 |
| # of Listings Sold | 20 | 20 |
| Average Sold Price | $2,705,622 | $765,300 |
| Median Sold Price | $1,050,000 | $709,250 |
| Days On Market | 137 | 31 |
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