If you have had your eye on homes for sale in Tahoe Keys, knowing the current market conditions is crucial for a successful experience. Same thing goes for selling Tahoe Keys real estate. When you are aware of what homes for sale in Tahoe Keys are being listed at or selling at, you can use these numbers as a guide for both a listing price and offer price. Working with a Tahoe Keys realtor is one of the best ways to get this information as we pull straight from the local MLS. Other details that can help guide you are the amount of days Tahoe Keys homes for sale are sitting on the market, what the percentage of list price is and how many Tahoe Keys homes for sale are actually available. So what is happening in Tahoe Keys real estate? Let’s take a look!
The good news for sellers is that the average and median sold prices for Tahoe Keys homes for sale have gone up. The median sold price is up 13.9% at $791,000 compared to this time last year. The average is up 14% at $861,163. The average percentage of list price is up minimally at 96.4%. This number is a good tool to use when trying to determine your negotiation power when it comes to making an offer on homes for sale in Tahoe Keys. Days on market have gone up for both the median and average. Tahoe Keys real estate is now going active between 108 and 142 days. When you work with a qualified Tahoe Keys realtor, they can give you a good idea of how quickly your home will go pending based on comparable properties and market demand. The good news for buyers is that homes for sale have seen an 18.2% increase. More inventory is always welcome, especially since the rest of South Lake Tahoe looks to still be in a sellers market. New listings, however, are down 14% while pendings are down 29.3% and closed sales are down 18%. Month supply is up 16.4% at 6.4. A balanced market requires a 6 month supply, and currently, we are over that threshold. This neighborhood, however, does have the highest sold price for the California side of South Lake Tahoe. If you are looking for a Tahoe Keys realtor, I would be happy to help.