Are you getting ready to list or buy homes for sale in Tahoe Keys? Summer is a fabulous time to sell and buy in one of the most desirable South Lake Tahoe neighborhoods. This neighborhood has unique amenities that other areas on the California side don’t get to claim from a private beach and pool to sports courts and quick access to the lake from your own dock. When it comes to buying and selling Tahoe Keys homes for sale, it is important to align yourself with a qualified and experienced Tahoe Keys realtor. Not only do we work as an advocate for our clients, we guide them through the transaction and beyond. We also provide them with the necessary details such as the current Tahoe Keys real estate market. Knowing things like average and median sold price for Tahoe Keys homes for sale can benefit both parties. As a buyer, you know how quickly homes are moving and the prices the market has valued them at which allows you to create a competitive offer. As a seller, you understand how to price your home according to the market as well as when to know when a good offer has been made and how to proceed. So how is Tahoe Keys real estate doing? Let’s take a look!
Sellers this month have some really good news! The average and median sold price for Tahoe Keys homes for sale has gone up from this time last year AND just last month! The average sold price for homes for sale in Tahoe Keys is up 16% at $857,307. The median sold price for Tahoe Keys homes for sale is up 6% at $720,000. The average percentage of list price is at 95.7%, which is a great way to gauge your negotiation power.
New Tahoe Keys real estate has increased by 9.7%. The amount of real estate in Tahoe Keys in general is up 11.4%. Pending real estate in Tahoe Keys has increased 5.3% while closed sales have actually decreased 4.9%. The average days on market is currently 143 while the median is 108. The month supply is up 28.8% from last year at this time at 6.7. To understand the importance of this neighbor, we use it to determine who has control of the market. A balanced market needs a 6 month supply and a seller’s market is anything less than 4. So while South Lake Tahoe’s month supply is 3.7 and in a sellers’ market, real estate in Tahoe Keys is experiencing a balanced market which means there are plenty of properties available to buyers. If you are looking for a realtor in Tahoe Keys, I would be happy to help!