If you are thinking of listing homes for sale in Tahoe Keys or buying homes for sale in Tahoe Keys, you will want to do two things to get yourself started: Pick a qualified and experienced Tahoe Keys realtor AND get to know the current Tahoe Keys real estate conditions. Every neighborhood has its own set of statistics and they all vary from one another. While the average sold price for South Lake Tahoe real estate is $530,818, the Tahoe Keys sold price is much higher. Knowing what is happening in the local Tahoe Keys real estate market helps guide you as both a seller and a buyer. As a seller, it helps you figure out what is the best listing price according to the comparable sales, how long the average home is going from active to pending and who has control of the market. These details help you plan marketing, moving, negotiate details, etc. As a buyer, you get a pretty solid idea of how much you can expect to spend, what makes an enticing offer, etc. The most accurate way to get this information is from a Tahoe Keys realtor. I use the local MLS to get up to date stats on the Tahoe Keys real estate market so that my clients always have the most accurate information. So what is happening with Tahoe Keys homes for sale? Let’s take a look!
The average sold price for Tahoe Keys homes for sale has increased 10% at $825,621. The median sold price for Tahoe Keys homes for sale has increased 5.6% at $717,500. However, these are down from just last month. The average percentage of list price, which is used to determine your negotiation power, is still at 95.9%.
New listings are unchanged from last year while the amount of Tahoe Keys real estate available overall is up 14.7%. Pending sales are down 8.8% and closed sales are down 11.9%. The average days on market has increased 13.2% to 137. The month supply is up 28.3% compared to this time last year at 5.3. 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, Tahoe Keys is experiencing a balanced market which means there are plenty of properties available to purchase. It is important to note though that while there is more inventory, there is a higher price. If you are thinking of buying or selling in this neighborhood and are looking for a qualified Tahoe Keys realtor, give me a call. I would be happy to help!