Lake Tahoe Real Estate Year End Review for Condos
Lake Tahoe Real Estate Year End Review 2012 vs 2013 Condominiums
By Olja Mihic, Your Lake Tahoe Realtor
Lake Tahoe real estate data from Lake Tahoe MLS, including Tahoe City Real Estate, Truckee Real Estate and Squaw Valley Real Estate
2012 Lake Tahoe Real Estate Stats for Condominiums
| 2012 | TOTAL | HIGH | LOW | AVG | MED | |
| LISTING COUNT: |
290
|
DAYS ON MARKET: |
2062
|
0
|
150
|
66
|
|
|
2013 Lake Tahoe Real Estate Stats for Condominiums
| 2013 | TOTAL | HIGH | LOW | AVG | MED | |
| LISTING COUNT: |
308
|
DAYS ON MARKET: |
1684
|
0
|
160
|
75
|
|
|
Lake Tahoe Real Estate Total Sold 2012 vs 2013
Lake Tahoe MLS shows Lake Tahoe real estate units sold has increased for 2013, and in general 2013 is seeing increases across the board over 2012 for Lake Tahoe condominiums. Total volume sold in 2012 is $126,251,515, which makes 2013 total volume improvement of 35.7% at $171,260,671 with units sold in 2013 being 308 and 290 in 2012.
Lake Tahoe Real Estate Median and Average Price 2012 vs 2013
Lake Tahoe MLS shows that Lake Tahoe real estate highest priced Lake Tahoe Luxury condo sold in 2012 was $3,900,000, whereas in 2013 it was a $4,560,000. The sales of Lake Tahoe Luxury Homes affect the average home price, however not the median. Average Lake Tahoe real estate price for condos for 2012 was $435,350, which means 2013 average Lake Tahoe property prices increased by 27.7% at $556,041.
With several Lake Tahoe Luxury Homes sold in both 2012 and 2013, Lake Tahoe real estate median price should give a better representation of the overall market activity. Lake Tahoe MLS shows 2012 median Lake Tahoe real estate price for condos at $290,000, which means 2013 Lake Tahoe real estate median price has increased by 24.1% at $360,000.
Lake Tahoe Real Estate Year End Summary
With average Lake Tahoe real estate price up by 27.7%, and median Lake Tahoe real estate price up by 24.1%, despite the average days on the market increase from 150 to 160, now may be a very good time to buy or sell Lake Tahoe real estate. Contact Olja Mihic, your trustworthy Lake Tahoe Realtor for a current list of available Lake Tahoe properties, or search Lake Tahoe MLS which includes Squaw Valley Real Estate, Lake Tahoe Luxury Homes, Tahoe City Real Estate, and Truckee Real Estate.
Lake Tahoe Real Estate Year End Review
Lake Tahoe Real Estate Year End Review 2012 vs 2013 Single Family Homes
By Olja Mihic, Your Lake Tahoe Realtor
Lake Tahoe real estate data from Lake Tahoe MLS, including Tahoe City Real Estate, Truckee Real Estate and Squaw Valley Real Estate
2012 Lake Tahoe Real Estate Stats for Single Family Homes
| 2012 | TOTAL | HIGH | LOW | AVG | MED | |
| LISTING COUNT: |
1043
|
DAYS ON MARKET: |
1462
|
0
|
115
|
64
|
|
|
2013 Lake Tahoe Real Estate Stats for Single Family Homes
| 2013 | TOTAL | HIGH | LOW | AVG | MED | |
| LISTING COUNT: |
1043
|
DAYS ON MARKET: |
1495
|
0
|
88
|
43
|
|
|
Lake Tahoe Real Estate Total Sold 2012 vs 2013
Lake Tahoe MLS shows Lake Tahoe real estate units sold is exactly the same for for 2012 and 2013; however, interestingly, total volume sold is higher for 2013 even though 2012 had some much higher priced Lake Tahoe Luxury Homes sales, which only testifies that Lake Tahoe Real Estate market is further improving, and on a steady way up. Total volume sold in 2012 is $695,862,431, which makes 2013 total volume improvement of 8.9% at $757,580,349.
Lake Tahoe Real Estate Median and Average Price 2012 vs 2013
Lake Tahoe MLS shows that Lake Tahoe real estate highest priced Lake Tahoe Luxury home sold in 2012 was $17,250,000, whereas in 2013 it was a mere $9,495,000. The sales of Lake Tahoe Luxury Homes affect the average home price, however not the median. Average Lake Tahoe real estate price for 2012 was $667,173, which means 2013 average Lake Tahoe property prices increased by 9% at $727,044.
Since 2012 saw some high dollar Lake Tahoe Luxury Homes sales and 2013 not as much, median Lake Tahoe property prices should give a better representation of the overall Lake Tahoe real estate value increase. Lake Tahoe MLS shows 2012 median Lake Tahoe real estate price at $443,000, which means 2013 Lake Tahoe real estate median price has increased by 16.2% at $515,000.
Lake Tahoe Real Estate Year End Summary
With average Lake Tahoe real estate price up by 9%, and median Lake Tahoe real estate price up by 16.2%, and average days on the market decreased from 115 to 88, now may be a very good time to buy or sell Lake Tahoe real estate. Contact Olja Mihic, your trustworthy Lake Tahoe Realtor for a current list of available Lake Tahoe properties, or search Lake Tahoe MLS which includes Squaw Valley Real Estate, Lake Tahoe Luxury Homes, Tahoe City Real Estate, and Truckee Real Estate.
Lake Tahoe Real Estate: Market Report for Squaw Valley
Squaw Valley Real Estate
Lake Tahoe Real Estate has taken an up-turn, but perhaps no area has seen as much improvement as Squaw Valley Real Estate. With Lake Tahoe MLS year-end statistics out, the results for Squaw Valley Real Estate are the most surprising out of all of Lake Tahoe Real Estate areas.
SQUAW VALLEY
2013 VS 2012
SINGLE FAMILY CONDOS
| 2013 |
2012 |
% | 2013 | 2012 | % | |||
| Volume | $34,980,550 | $17,192,000 | 103% | Volume | $23,687,637 | $16,410,206 | 44% | |
| Units |
20 |
18 |
11% | Units |
48 |
45 |
7% | |
| Median Price | $1,765,625 | $895,750 | 97% | Median Price | $444,500 | $315,000 | 41% | |
| Average Price | $1,841,081 | $955,111 | 93% | Average Price | $493,492 | $364,671 | 35% | |
| Units Under $1 Mil |
8 |
10 |
-20% | Units Under $500 |
30 |
36 |
-17% | |
| Units Over $1 Mil |
12 |
8 |
13% | Units Over $500 |
18 |
9 |
100% |
Lake Tahoe Real Estate: Squaw Valley Real Estate Single Family Homes
Lake Tahoe MLS shows Squaw Valley real estate volume sold for single family homes in 2013 went up by 103%, from $17,192,000 in 2012 to $34,980,550 in 2013. This is perhaps the biggest improvement we have seen in any of the Lake Tahoe real estate areas. This is largely due to median and average Squaw Valley homes sale price increases.
Lake Tahoe MLS shows both median and average Squaw Valley real estate prices have gone up dramatically and evenly, suggesting that Lake Tahoe real estate prices have indeed gone up, and not influenced by the increasing number of sales of the Lake Tahoe Luxury Homes, which have skewed the statistics for some neighborhoods. Squaw Valley Real Estate median price went up 97% from $895,750 in 2012 to $1,765,625. Squaw Valley Real Estate average price went up 93% from $955,111 in 2012 to $1,841,081 in 2013.
Squaw Valley homes sold under $1M, went down 20% from 10 to 8, and Squaw Valley real estate sold over $1M went up slightly by 13% from 8 to 12 units sold.
Lake Tahoe Real Estate: Squaw Valley Real Estate Condominiums
Squaw Valley real estate condominiums have not shown as dramatic of an up-turn, but still a great Lake Tahoe MLS year-end finish. With volume sold going up 44% from $16,410,206 in 2012 to $23,687,637 in 2013, it has been an amazing year for Squaw Valley Real Estate, and Lake Tahoe real estate in general. Squaw Valley condominiums sold have gone up by only 7% from 45 to 48 units sold, showing not much improvement year to year, but a steady healthy market.
Lake Tahoe MLS shows Squaw Valley condominiums median price has gone up 41% from $315,000 to $444,500. This is largely because more Lake Tahoe luxury homes sold in this segment last year. Squaw Valley real estate average price for condos has gone up by 35% from $364,671 to $493,492.
The only segment of the market that has suffered last year in Squaw Valley real estate, is the condos under $500K with a 17% decrease in units sold. As mentioned before Squaw Valley real estate had a big boost in units over $500K sold with a 100% increase.
With Lake Tahoe real estate going up at a steady rate, and market segments like Squaw Valley real estate and Lake Tahoe luxury homes, now may be a very good time to buy in Lake Tahoe.
Contact Olja Mihic, Your Lake Tahoe Realtor for More on Lake Tahoe Real Estate and Data from the Lake Tahoe MLS.
Lake Tahoe Real Estate Sales Increase in 2013
Lake Tahoe Real Estate Year End Report (Lake Tahoe MLS 2013 vs. 2012)
Lake Tahoe MLS shows Lake Tahoe real estate finished 2013 strong, with significant increases in average and median Lake Tahoe real estate prices, as well as sales volume.
Median and Average Lake Tahoe Real Estate Prices and Sales Volume
Lake Tahoe MLS showed a 29% jump in median Lake Tahoe real estate price ($445,000) in 2013 over 2012, and 23% rise in average Lake Tahoe real estate prices ($775,516) 2013 over 2012. Lake Tahoe Real Estate Sales volume was up 23%, heavily impacted by a 42% leap in sales of Lake Tahoe luxury homes priced over $1 million. Lake Tahoe properties selling for less than a million dipped 6%, and this is largely due to lack of inventory in that segment of the Lake Tahoe real estate market.
Tahoe City Real Estate
Though the median price of a Tahoe City homes for sale is up 19% ($510,000) in 2013, Lake Tahoe MLS shows Lake Tahoe real estate sales volume was down 20%.
Truckee Real Estate
Lake Tahoe MLS shows sales volume was also up in Truckee real estate (32%), with a substantial jump in Lake Tahoe real estate selling for more than $1 million (63%). The median price of homes sold in Truckee real estate last year was up 15% to $510,000.
Click to search Lake Tahoe Real Estate on Lake Tahoe MLS, or contact Olja Mihic, your Lake Tahoe Realtor, with any questions.
Click to search Lake Tahoe Luxury Homes, or Squaw Valley Real Estate.