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

Lake Tahoe Real Estate Weekly Market Report For March  17 2014 – March 24 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 337 active Lake Tahoe real estate listings.  The median Lake Tahoe real estate price is $859,000 and average Lake Tahoe property price at $1,630,210. Average days on the market is shown in Lake Tahoe MLS to be 198 days which remains steady over several weeks.

Sold Lake Tahoe Real Estate Listings

Lake Tahoe MLS shows that in the last week 12 Lake Tahoe homes sold, and 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 $172,500  in Tahoma Real Estate,  and highest at $2,000,000 in Truckee real estate. Average Lake Tahoe real estate price was $963,277,  and median Lake Tahoe real estate price was $897,500, both trending up. Average days on the Lake Tahoe real estate market was 245, which is an increase  over the past weeks.

Lake Tahoe Real Estate Condominiums Stats

Active Lake Tahoe Real Estate Listings

Currently Lake Tahoe MLS shows 184 active Lake Tahoe condominiums.  This makes the median Lake Tahoe home price $495,000, and average Lake Tahoe real estate price at $782,726. Average days on the market is shown in Lake Tahoe MLS to be 204 days.

Sold Lake Tahoe Real Estate Listings

Lake Tahoe MLS Shows that in the last week only 3 Lake Tahoe condominiums sold.  Average price was $707,633 and median sold price was $799,000 and days on the market was 224.  The lowest Lake Tahoe condominium sold was in Tahoe Donner real estate for $70,000, and highest in Tahoe City Real Estate at $1,150,000.

Lake Tahoe Luxury Homes Stats

Lake Tahoe MLS shows 178 active Lake Tahoe Luxury Homes, which is Lake Tahoe real estate above $1,000,000. Both condos and single family properties are included. Average Lake Tahoe luxury homes price is $2,842,532 followed closely by $2,145,000 median Lake Tahoe luxury home price. Incidentally, this is about the starting price for Lake Tahoe lakefront homes.

Per Lake Tahoe MLS there were 6 Lake Tahoe luxury homes sold last week. Highest sold Lake Tahoe luxury property last week was in Old Greenwood, Truckee Real Estate, at $2,000,000. Average Lake Tahoe luxury home price was $1,459,555, and median Lake Tahoe luxury property price was $1,349,500.

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 properties 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.