Lake Tahoe Real Estate Year End Review

Lake Tahoe Real Estate Year End Review 2012 vs 2013 Single Family Homes

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 Single Family Homes

 2012   TOTAL  HIGH  LOW  AVG  MED
LISTING COUNT:
1043
DAYS ON MARKET:
1462
0
115
64
LIST PRICE:
SOLD PRICE:
HIGH LOW AVERAGE MEDIAN TOTAL PRICE
$19,950,000
$79,900
$718,527
$459,000
$749,424,183
$17,250,000
$1
$667,173
$443,000
$695,862,431

 

2013 Lake Tahoe Real Estate Stats for Single Family Homes

 2013  TOTAL  HIGH  LOW  AVG  MED
LISTING COUNT:
1043
DAYS ON MARKET:
1495
0
88
43
LIST PRICE:
SOLD PRICE:
HIGH LOW AVERAGE MEDIAN TOTAL PRICE
$9,500,000
$89,000
$759,667
$525,000
$792,333,003
$9,495,000
$1
$727,044
$515,000
$757,580,349

 

Lake Tahoe Real Estate Total Sold 2012 vs 2013

Lake Tahoe MLS shows Lake Tahoe real estate units sold is exactly the same for for 2012 and 2013; however, interestingly, total volume sold is higher for 2013 even though 2012 had some much higher priced Lake Tahoe Luxury Homes sales, which only testifies that Lake Tahoe Real Estate market is further improving, and on a steady way up. Total volume sold in 2012 is $695,862,431, which makes 2013 total volume improvement of 8.9% at $757,580,349.

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 home sold in 2012 was $17,250,000, whereas in 2013 it was a mere $9,495,000. The sales of Lake Tahoe Luxury Homes affect the average home price, however not the median. Average Lake Tahoe real estate price for 2012 was $667,173, which means 2013 average Lake Tahoe property prices increased by 9% at $727,044.

Since 2012 saw some high dollar Lake Tahoe Luxury Homes sales and 2013 not as much, median Lake Tahoe property prices should give a better representation of the overall Lake Tahoe real estate value increase. Lake Tahoe MLS shows 2012 median Lake Tahoe real estate price at $443,000, which means 2013 Lake Tahoe real estate median price has increased by 16.2% at $515,000.

Lake Tahoe Real Estate Year End Summary

With average Lake Tahoe real estate price up by 9%, and median Lake Tahoe real estate price up by 16.2%, and average days on the market decreased from 115 to 88, 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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