If you are thinking of buying or listing homes for sale in South Lake Tahoe, finding out things like days on market and average and median sold price can be incredibly helpful. As a seller, you get an idea of how quickly properties are moving, which gives you an idea of how to prepare for moving and when to expect an offer. You also get an idea of what to list at. As a buyer, you find out details that can help you make a competitive offer. Your South Lake Tahoe realtor is the best person to guide you on both of these aspects of South Lake Tahoe real estate. However, getting an idea before you start the selling or buying process can go a long way towards success. How do you get this info? Your South Lake Tahoe realtor! We use the stats from the local MLS, which is consistantly updated. Let’s take a look at the latest report!
If you are a seller-good news! The average and median sold prices for homes for sale in South Lake Tahoe have gone up! Not only are they up from this time last year, but they are up from just last month. The average is up 6.7% at $524,376. The median is up 6.7% at $432,000. If you are a buyer, note that these prices are climbing very steadily and not shooting up a drastic amount each month. The average percentage of list price is up 97.9%, which is up 0.2% from this time last year. This is a great tool that allows you to gauge your negotiation power.
The not so great news for buyers is that homes for sale in South Lake Tahoe are down 7.8%. New listings are up 4.4%, which is good news. Especially since this was barely up just last month. Any new inventory is good inventory in my book. Closed sales are still down along with pending sales. We are still in a seller’s market & sitting at a 3.5 month supply. This has been the same number for the past few months.
Whether you are looking for more information on South Lake Tahoe real estate, or need a South Lake Tahoe realtor, give me a call. We would be happy to help!
