Lake Tahoe Real Estate Market Report Feb 24-March3

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 328 active Lake Tahoe real estate listings.  The median Lake Tahoe real estate price is $872,000, which is only  a slight decrease from last week’s $875,000, and average Lake Tahoe property price at $1,683,706 which is a decrease from last week’s $1,705,049. 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 is an increase from last week’s 10, but overall between 10 and 15 homes sell per week, which makes it about 6 or 7 months of Lake Tahoe real estate inventory.  Lowest priced sale was at $310,000 in Truckee Real Estate,  and highest at $2,791,800 in Tahoe City real estate. Average Lake Tahoe real estate price was $817,405, which is an increase from last week’s $734,998,  and median Lake Tahoe real estate price was $715,000, which is a decrease from last week’s $805,000. With the 11.2% increase in average sales price, the Lake Tahoe Luxury Homes market still dictates the averages, but median price decrease of 12.5% could be in part due to the slow winter season. Average days on the Lake Tahoe real estate market was 77, which is a slight decrease over the past weeks.

Lake Tahoe Real Estate Condominiums Stats

Active Lake Tahoe Real Estate Listings

Currently Lake Tahoe MLS shows 178 active Lake Tahoe condominiums, which is a slight decrease from last weeks 185, and a good news for the Lake Tahoe condominium market. 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 $568,500, and average Lake Tahoe real estate price at $771,935, showing slight increase over several weeks. Average days on the market is shown in Lake Tahoe MLS to be 205 days, which is slightly higher as week prior.

Sold Lake Tahoe Real Estate Listings

Lake Tahoe MLS Shows that in the last week 8 Lake Tahoe condominiums sold, which is a huge increase in several weeks of just one or two sales per week, and another great news for Lake Tahoe real estate!  Average price was $533,125 and median sold price was $441,500 and days on the market was 178. Interestingly, for the prior couple of weeks when we only had one or two sales, the average days on the market was half of this week’s, but so was the average condo price, which further proves a theory that buyers were hoping for more under 300K condos which never hit the market, so we may begin to see more steady activity now. The lowest Lake Tahoe condominium sold was in Tahoe Donner real estate for $290,000, and highest in Truckee Real Estate at $975,000.

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.