Lake Tahoe Real Estate: Market Report Feb 10-17

Lake Tahoe Real Estate Weekly Market Report For Jan 27 2014 – Feb 3 2014

by Olja Mihic, Lake Tahoe Realtor

Data gathered from North Lake Tahoe MLS, including Tahoe City real estate, Truckee real estate, and Squaw Valley real estate

 

Lake Tahoe Real Estate Single Family Homes Stats

Active Lake Tahoe Real Estate Listings

Currently Lake Tahoe MLS shows 321 active Lake Tahoe real estate listings. Inventory has increased by 21 listings in the last 2 weeks.  The median Lake Tahoe properties price $859,000, which is a drop from last week, and average Lake Tahoe property price at $1,666,490, which is an increase over last week, meaning that Lake Tahoe luxury homes sales are further picking up the pace and bringing up the average. Average days on the market is shown in Lake Tahoe MLS to be 201 days which remains steady over several weeks.

Sold Lake Tahoe Real Estate Listings

Lake Tahoe MLS Shows that in the last week 15 Lake Tahoe homes sold, which has, roughly, been the average over the last few weeks. Lowest priced sale was at $241,000 in Tahoe Donner,  and highest at $3,462,000 in Martis Camp real estate, again, meaning that Truckee real estate holds both the cheapest and the most expensive Lake Tahoe real estate price tag in the area, further underlying the importance of working with a qualified Lake Tahoe Realtor that can navigate the neighborhoods. Average Lake Tahoe real estate price was $$1,051,900, and median $710,000. Average Lake Tahoe homes price week prior was $757,775, and median was $612,500, which makes this week a clear winner and an indication that Lake Tahoe real estate is going up with weekly average up 38.8% and median 15.9%. The rise in average Lake Tahoe real estate price, also, testifies, that Lake Tahoe luxury homes market is steadily going up. Average days on the Lake Tahoe real estate market was 121, which is a slight increase over the past weeks.

 

Lake Tahoe Real Estate Condominiums Stats

Active Lake Tahoe Real Estate Listings

Currently Lake Tahoe MLS shows 185 active Lake Tahoe condominiums. Lowest list price is $40,000 in Tahoe Donner, and highest at $6,499,000, famous Godfather II estate in Lake Tahoe West Shore real estate location of Fleur-de-Lac . This makes the median Lake Tahoe home price $549,000, and average Lake Tahoe property price at $744,139, showing not much change over several weeks. Average days on the market is shown in Lake Tahoe MLS to be 199 days, also unremarkable same as in weeks prior.

Sold Lake Tahoe Real Estate Listings

Lake Tahoe MLS Shows that in the last week only 1 Lake Tahoe home sold!  Sold price was $240,000 and days on the market was 112. This indicates that with 185 active Lake Tahoe condominiums, the Lake Tahoe real estate market has slowed for condos. Part of the problem could also be that the Lake Tahoe real estate market no longer offers too much at desired under $300,000 range, and buyers are hoping that it might.

Lake Tahoe real estate shows tremendous improvement, and remains very active. Now is a very good time to buy, as we have seen a steady rise in Lake Tahoe property prices week over week.

Contact, Olja Mihic, Your Lake Tahoe Realtor for More Information on Lake Tahoe Real Estate, Including Tahoe City Real Estate, Truckee Real Estate, and Squaw Valley Real Estate.

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