Lake Tahoe Real Estate: Market Report Feb 17-24 2014

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, which is the same amount of listings as last week.  This week Lake Tahoe real estate is seeing increases across the board. The median Lake Tahoe real estate price is $875,000, which is an increase from last week’s $859,000, and average Lake Tahoe property price at $1,705,049 which is, also, an increase from last week’s $1,666,490, meaning that Lake Tahoe luxury homes sales activity is picking up. Average days on the market is shown in Lake Tahoe MLS to be 205 days which remains steady over several weeks.

Sold Lake Tahoe Real Estate Listings

Lake Tahoe MLS shows that in the last week 10 Lake Tahoe homes sold, which is a slight drop from last week’s 15. However, given that the number of active listings has not changed from last week, 10 new listings have also hit the Lake Tahoe real estate market, making this a very healthy property market – 10 sold/10 listed.  Lowest priced sale was at $315,000 in Truckee Real Estate,  and highest at $1,250,000 in Squaw Valley real estate. Average Lake Tahoe real estate price was $$734,998, which is a drop from last week, due to the fact the most expensive home sold this week is only 1.25M,  and median Lake Tahoe real estate price was $805,000. Average Lake Tahoe homes for sale price last week was $$1,051,900, and median $710,000 which means that with the 43% drop in average sales price, the Lake Tahoe Luxury Homes market still dictates the averages, but median price increase of 13% is the true indicator that Lake Tahoe real estate market is further increasing. Average days on the Lake Tahoe real estate market was 82, which is a significant decrease over the past weeks.

Lake Tahoe Real Estate Condominiums Stats

Active Lake Tahoe Real Estate Listings

Currently Lake Tahoe MLS shows 183 active Lake Tahoe condominiums, which is very comparable to last weeks 185. Lowest list price is $40,000 in Tahoe Donner, and highest at $6,499,000, famous Godfather II estate in West Lake Tahoe Real Estate location of Fleur-de-Lac . This makes the median Lake Tahoe home price $549,000, and average Lake Tahoe property price at $764,258, 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 2 Lake Tahoe condominiums sold!  Average and median sold price was $268,950 and days on the market was 90. This indicates that with 183 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.