If you are looking to buy real estate in Lake Tahoe, NV, the latest update is in and it is an interesting comparison. The number of sales is lower this year compared to last year BUT the sold prices this year are definitely higher compared to last. Last year, there were no sales over a million and the highest sale was $975,000. Most of the sales this month were over a million dollars with the highest sale almost $5 million. Also good news is that BOTH the average and median price for Lake Tahoe, NV real estate have gone up quite a bit compared to last year. This means if you have been thinking of selling for a while, your home value has likely gone up compared to just a year ago. The dollar per square foot has also gone up, further proving that point. Another thing that is up is the median days on the market. On the day this blog was published, there were 103 active Lake Tahoe, NV real estate listings with a median price of $1,275,000 and 20 homes were in escrow with a median price of $456,350. For more info on buying Lake Tahoe, NV real estate, give us a call as we would be happy to help!
| LAKE TAHOE, NV MARKET COMPARISON | APRIL 2017 | APRIL 2016 | |
|---|---|---|---|
| # of Sales | 6 | 9 | |
| Median Price | $1,425,000 | $500,000 | |
| Average Price | $1,921,666 | $577,266 | |
| Median Days on Market | 289 | 164 | |
| Price Per SqFt | $581 | $305 |
