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
LIST PRICE:
SOLD PRICE:
HIGH LOW AVERAGE MEDIAN TOTAL PRICE
$4,240,000
$40,000
$458,154
$299,500
$132,864,780
$3,900,000
$40,000
$435,350
$290,000
$126,251,515

 

2013 Lake Tahoe Real Estate Stats for Condominiums

 

 2013  TOTAL  HIGH  LOW  AVG  MED
LISTING COUNT:
308
DAYS ON MARKET:
1684
0
160
75
LIST PRICE:
SOLD PRICE:
HIGH LOW AVERAGE MEDIAN TOTAL PRICE
$4,560,000
$49,900
$578,489
$376,000
$178,174,695
$4,560,000
$48,000
$556,041
$360,000
$171,260,671

 

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.

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