Summer is almost over but if you are thinking of listing or buying homes for sale in Lake Tahoe, NV, now is a great time. Interest rates are still low which means now is a great time for buyers to move up and for sellers, it means more buyers are still on the market. The best way to start your Lake Tahoe, NV real estate journey is by understanding what the current market conditions are. When buyers and sellers understand details like average sold price, days on market and month supply, it allows them to make informed, confident and competitive decisions. This leaves sellers feeling good about the offer they accepted and buyers feel like they didn’t overpay. Additionally, buyers can learn more about their purchasing power and how fast they need to act while sellers understand what is a market value list price and knowing a good offer when they see one. While this report is for Lake Tahoe, NV real estate as a whole, the below graph includes the main categories we follow.
The amount of sold homes for sale in Lake Tahoe, NV has increased this year compared to last along with the median sold price. The average sold price for homes for sale in Lake Tahoe, NV has gone down compared to this time last year. The days on market are the exact same.
At the time this blog was published, there were 79 active residential listings (up from last month) with an average list price of $4,201,408. There were 22 pending properties with an average list price of $1,157,477. There were 12 pending condos with an average list of $531,575. There were 33 active condos for sale with an average list of $484,327.
The important thing to note about this side of the South Shore (technically East Shore) is that the cost of living is higher in comparison to the California side. This side also has less taxes and more incentives for home and business owners. Both sides have something to offer that the other side can’t. When it comes to higher priced homes, it usually does take more time to sell. If you have questions about a certain neighborhood within Lake Tahoe, NV or the South Lake Tahoe real estate market in general, feel free to give us a call. We’d be happy to help!
| Lake Tahoe, NV Real Estate Market Report | 2019 | 2018 |
|---|---|---|
| Lake Tahoe, NV Real Estate Market Report | 2019 | 2018 |
| # of Listings Sold | 11 | 7 |
| Average Price | $1,624,827 | $2,357,571 |
| Median Price | $1,395,000 | $1,250,000 |
| Average Days On Market | 152 | 152 |
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