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Monthly Montgomery Estates Real Estate Update

June 17, 2018 by randerson Leave a Comment

If you are looking for homes for sale in Montgomery Estates, the two most important ways to get started are by finding a Montgomery Estates Realtor and understanding what is happening in the Montgomery Estates Real Estate Market. When you pick a qualified and professional Montgomery Estates Realtor to represent you, you can rest assured that no matter what side of the transaction you are on, you have an advocate that is equipped to guide you on the process. Additionally, a Montgomery Estate Realtor will be able to give you an update on the Montgomery Estates Real Estate Market. Details like days on market, average and median sold prices for homes for sale in Montgomery Estates, month supply and more can give you the details needed for a successful experience. As a buyer, you can understand your position in the market and use that to craft an attractive and competitive offer. As a seller, you can price according to market value which ensures you have a shortened market time and get a good offer. So how is the Montgomery Estates Real Estate market doing? Let’s take a look!

As far as the average and median sold prices for homes for sale in Montgomery Estates goes, this is a mixed bag. The average is up 4.2% from this time last year at $659,984 but the median is down 0.8% at $624,875. To understand how much negotiation room you have, the average percentage of list price is currently 98.1%. As your realtor in Montgomery Estates how you can use this to your advantage.

As far as inventory goes, the amount of Montgomery Estates homes for sale is up 18.2% while the amount of new listings is up 15.1%. Closed sales are down 9.8% and pending sales have seen no change from this time last year. Both the average and median days on market are down. The median days on market for Montgomery Estates homes for sale is down 18.1% at 68. The average is down 2.2% at 89. The month supply is up, which is good news for buyers at 36.6% to a 3.6 month supply. To understand the importance of this number, this dictates what kind of market we are in. Anything 6 or over is considered balanced while anything less than 4 is a seller’s market. Your realtor in Montgomery Estates will be able to share what this number is as it changes with the market.

If you are looking for a Montgomery Estates Realtor or Montgomery Estates homes for sale, feel free to give me a call. I would be happy to help!

Filed Under: Buyers, Sellers

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As a local Lake Tahoe real estate expert, I take great pride in making sure my clients receive a high level of personalized service while conducting myself with the utmost professionalism to deliver impressive results. If you are looking for an unparalleled real estate experience, please do not hesitate to contact me.

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The Pinnacle Real Estate Group of Lake Tahoe, Inc. is a full-time, full-service Lake Tahoe real estate company. Our Tahoe company is a broker co-op comprised of well-respected and experienced professionals. Our agents are among Lake Tahoe’s top producers representing an established percentage of the area’s market share of closed sales throughout South Lake Tahoe. This success reflects on the quality, perseverance and innovation of our agents providing them the opportunity to remain leaders in the real estate industry.

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