If you are in the market to list or buy homes for sale in Montgomery Estates, you came to the right spot. One of the best ways you can prepare yourself with a successful Montgomery Estates real estate experience is by knowing the current market conditions. This not only allows you to achieve your real estate goals quickly, as both a buyer and a seller, but it helps you to navigate to process. Montgomery Estates homes for sale has one of the highest average and median sold prices on the California side of South Lake Tahoe. Unlike Tahoe Keys real estate, which has the highest sold prices for this side, Montgomery Estates real estate is still in a seller’s market with a 3.5 month supply. More on that later though. The best way to get this info is from an experienced Montgomery Estates realtor. We can not only provide you with the latest market report, but also a custom market analysis AND act as your advocate as you navigate the entire process and beyond. So how is real estate in Montgomery Estates doing? Let’s take a look!
The average and median sold prices for Montgomery Estates homes for sale have gone up compared to this time last year. However, they have gone down compared to last month. The average is up 11.3% compared to this time in 2017 at $677,785. This is down by about $10,000 from last month though. The median is up 7.2% from this time last year at $638,000, but down from last month’s $644,000. The average percentage of list price is still at 98%. This is an excellent tool for determining negotiation power.
As far as inventory levels go, homes for sale in Montgomery Estates are actually up 8.3%, which is a nice change of pace for buyers looking to purchase real estate in this area. New Montgomery Estates real estate listings have seen a 3.4% increase. As far as pendings go, these are down 15.4% and closed sales are down 20.4%. Median days on market are 70 while the average is 96. We mentioned the current month supply up above and it is important to know that anything less than 4 is a seller’s market while anything 6 and over is considered balance. If you have your eye on this neighborhood, be sure to align yourself with a qualified Montgomery Estates Realtor. Properties are moving fast in this sought-after area. A qualified Montgomery Estates realtor can act as your advocate and guide you through the entire process of listing and buying in this neighborhood. If you have any questions, feel free to reach out. I would be happy to help!