If you are looking to purchase Lake Tahoe, NV real estate, the numbers for the first quarter are in and the results are looking pretty good.
The number of sales is higher this year compared to last year. Also good news is that both the average and median price for Lake Tahoe, NV real estate have gone up by a pretty impressive amount. If you are buying real estate in Lake Tahoe, NV this means you are looking at higher prices compared to the past few years. If you are selling real estate in Lake Tahoe, NV, this simply means you likely will get more at the time of resale.
The dollar per square foot has also gone up. The list to sale price (the percentage of the list price the home is receiving) has dipped a little bit, but nothing significant. Speaking of decreases, the median days on the market has also dropped compared to last year. On the day this blog was published, there were 72 active Lake Tahoe, NV real estate listings with a median price of $1,987,500 and 13 homes were in escrow with a average price of $1,539,030. For more info on buying real estate in Lake Tahoe, NV, give us a call as I would be happy to help!
| LAKE TAHOE, NV MARKET COMPARISON | 1ST QUARTER 2017 | 1ST QUARTER 2016 | |
|---|---|---|---|
| # of Sales | 117 | 101 | |
| Median Price | $850,000 | $670,000 | |
| Average Price | $1,345,546 | $958,004 | |
| Sale to List % | 94.3% | 94.6% | |
| Median Days on Market | 158 | 170 |
