If you are thinking of buying or selling a property in South Lake Tahoe, the first thing you should do is contact your local South Lake Tahoe realtor. Whenever it comes to any investment, we always do our research. A South Lake Tahoe realtor makes the process easy by providing you the details you are looking for. Additionally, they are tailored to your home for sale in South Lake Tahoe or the homes for sale in South Lake Tahoe you are hoping to buy. They can provide details like days on market, average and median sold price and month supply, which can guide both buyers and sellers. As sellers, this helps you figure out how to price your home for sale in South Lake Tahoe according to the South Lake Tahoe real estate market. Which helps you sell quicker and for market value. As a buyer, you know what homes for sale in South Lake Tahoe are selling for which allows you to strategically craft a competitive offer.
Currently, there is good news for sellers in that the average sold price for homes for sale in South Lake Tahoe is up 3.5% from this time last year at $536,758. The median sold price for South Lake Tahoe homes for sale is up 4.6% from last year at this time at $449,700. The average percentage of list price is currently 97.4% which it was last month as well. Ask your realtor in South Lake Tahoe how to use this number when determining what offer to accept or make.
The amount of South Lake Tahoe homes for sale is up 7.5% from last year’s 213 to 229 this year. New listings are up 2.9%. Pendings are down 2.7% while closed sales are up 0.5%. Both the average and median days on the South Lake Tahoe real estate market have decreased from this time last year but are still hovering around the same numbers as last month. The median is at 74 and the average is at 100. The month supply is up 11.8% from last year at 3.8, which is the exact same as last month. This number determines what kind of market we are in. A balanced market needs 6 months and anything less than 4 is considered a seller’s market. It is important to note that each neighborhood has their own market report, so if you have your eye on a certain area, be sure to chat with your realtor in South Lake Tahoe on what that market looks like. Have questions about South Lake Tahoe real estate or looking for a realtor in South Lake Tahoe? Feel free to reach out. We would be happy to assist!