Buying or selling Montgomery Estates real estate? There are some steps to start the process that are necessary for a successful experience. The number one step is finding a local, experienced South Lake Tahoe realtor who can help guide you from start to beyond. Having professional expertise on your side is the best way to achieve your goals in a timely fashion. Always be sure to ask your friends for referrals and do your research. It is ok to interview multiple realtors in South Lake Tahoe before you choose one. The other incredibly important aspect to getting started is arming yourself with up to date information on the local Montgomery Estates real estate market. It doesn’t matter if you are listing or buying homes for sale in Montgomery Estates, knowing the current conditions is crucial. Details like month supply, days on market and the average sold price for Montgomery Estates homes for sale can be utilized to your benefit regardless of what side of the transaction you are on. As a buyer, you have the tools to help you come up with a competitive offer. As a seller, you understand what to price at and get an idea of how long your property will be on the market. The best resource for this information is a South Lake Tahoe realtor. Not only can they give you this information for the entire area of South Lake Tahoe, they can give you a market analysis for each neighborhood as every area differs. If you are wondering how Montgomery Estates real estate is doing this month, check out the below stats!
The average sold price for homes for sale in Montgomery Estates is up 11.8% from this time last year at $683,483. The median sold price for South Lake Tahoe homes for sale has increased 7.4% at $650,000. If you want to know how to determine your negotiation power when it comes to accepting or making an offer, use the percentage of list price. Currently, the average and median percentage of list price is just above 97%.
The amount of homes for sale in Montgomery Estates has gone up from 12 last year to 13 this year. New listings are down 3.3%, pendings are down 11.8% and closed sales are down 18.9%. The average days on market is 97 and the median is at 70. The month supply is up 56.5% from 2.3 last year to 3.6 this year. A balanced market needs 6 months and anything less than 4 is considered a seller’s market, which we are currently in.
If you would like more information on Montgomery Estates homes for sale as a buyer or a seller, feel free to reach out. I would be more than happy to provide answers to your questions and help guide you on this exciting journey.