When it comes to buying and selling homes for sale in Tahoe Keys, 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. So what is happening with Tahoe Keys homes for sale? Let’s take a look!
Prices for homes for sale in Tahoe Keys have consistently been going up compared to this time last year for some time now. The average sold price for Tahoe Keys homes for sale has increased 13.2% at $853,406. The median sold price for a Tahoe Keys home for sale has increased 11.2% at $768,250. While up compared to this time last year, these prices are both down compared to last month. The average percentage of list price is still at 96%. This is a great tool for negotiation as it indicates how much “power” you have when it comes to the offer price you make on a Tahoe Keys home for sale.
New Tahoe Keys home for sale have decreased 10.1% while the amount of Tahoe Keys real estate available has increased 11.4%. Pending sales have decreased 15.3% and closed sales are down 21.3%. The average days on market has gone up 10.1% at 142. The month supply is up 17.9% compared to this time last year with a 6.6 month supply. To consider a market balanced, there needs to be a 6 month supply. A seller’s market is a 4 month supply or less. So while South Lake Tahoe’s month supply is 3.5 and in a sellers’ market, Tahoe Keys is experiencing a balanced market which means there are plenty of properties available. 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!