If you have been thinking of listing or buying homes for sale in Tahoe Keys, educating yourself on things like the current average and median sold prices, days on market and amount of homes for sale in Tahoe Keys can really help your success. As a buyer, you can use this information to craft a competitive offer. As a seller, you get an in depth idea of what Tahoe Keys homes for sale are actually selling for and in what time frame. Of course every property is different so the use of a qualified Tahoe Keys realtor is incredibly important. A Tahoe Keys realtor acts as your advocate and guides you through any situations that could arise, like an issue with funding last second or a bad inspection report and how to proceed. When purchasing or selling a big investment such as Tahoe Keys homes for sale, you want expertise and experience on your side. So how is this neighborhood doing this month? Let’s look at the numbers!
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 11.9% at $789,000 compared to this time last year while the average is up 10.1% at $844,822. The average percentage of list price is down minimally at 0.1%. The percentage of list price is a good tool to use when trying to determine your negotiation power. Days on market have gone up for both median and average. This simply means that homes are sitting a little longer before accepting an offer compared to this time last year. It is important to know that one home can throw this number off. When using a qualified Tahoe Keys realtor, they can give you a good idea of how quickly your home will go based on comparables and market demand. The good news for sellers is that homes for sale in Tahoe Keys have seen an 18.8% increase. New listings, however, are down 5.3% while pendings are down 30% and closed sales are down 18.3%. While Tahoe Keys real estate has the highest median and average sold price, it is one of the few neighborhoods that is in a buyers market right now with a 6.2 month supply. This area seems to be in a small window where buyers have inventory to choose from, but sellers seem to still benefit from an increase in prices. If you are interested in Tahoe Keys real estate, feel free to give me a call. As a local area expert that specializes in Tahoe Keys real estate, I would be happy to share what is happening in this market and how it impacts you as a buyer and a seller.