Thinking of buying or selling in the Tahoe Keys neighborhood? You came to the right spot! The good news for sellers is that prices for homes for sale in Tahoe Keys have consistently been going up. Until now. While the average sold price for Tahoe Keys homes for sale is up 15.3% compared to this time last year at $853,145, this number is actually down by a few hundred compared to last month. The median sold price for real estate in Tahoe Keys is up 13.1% compared to this time last year at $768,250. However, that number is not changed at all from last month. The percentage of list price also has taken a little hit. The average is down from last year and last month and is now at 95%. This tool is used by realtors in Tahoe Keys to determine what percentage of list price properties are actually getting. This is a great way to determine your negotiation power when making/accepting an offer.
Good news for buyers as this is still the only neighborhood on the California side of the South Shore that is in a buyer’s market. The month supply is up from this time last year and last month and is now at 6.7. To get a better idea of this number, anything less than 4 is a seller’s market and anything over 6 is considered balanced. New real estate in Tahoe Keys has increased 3.7% while the amount of Tahoe Keys homes for sale has gone up 17.6%. Pendings are down 13.1% while closings are down 11.9%.
When it comes to buying and selling real estate in this sought after neighborhood, knowing the current conditions of the local market is one of the best ways that you can prepare yourself for what is to come. Of course, picking an experienced Tahoe Keys realtor is the first step before you start with the basics. As a buyer, you need to get pre-approved so you know your budget and then narrow down your needs vs. wants. As a seller, you should prepare your Tahoe Keys real estate for the market. Cleaning, packing and storing away any clutter as well as making repairs is a great way to get started. Your Tahoe Keys realtor will be able to advise both parties as they start the process. Not only can we help you from start to finish, but we can also provide you with the current Tahoe Keys real estate stats. As a buyer, you can use this information to figure out what makes an enticing offer that sellers will pick out of the crowd. As a seller, you can use these stats to compare homes for sale in Tahoe Keys and select an appropriate list price. As a Tahoe Keys realtor, we have up to date access to the current numbers and trends for all of South Lake Tahoe, including Tahoe Keys real estate. Looking for an experienced professional to help you with your local real estate goals? Give me a call, I would be happy to help!