If you are thinking of listing or buying homes for sale in North Lake Tahoe, CA, knowing the current market conditions is one of the best ways to get started. This part of the lake is a lot different in comparison to the South Shore. Which is part of the reason why I love servicing both areas. South Lake Tahoe has no shortage of night life, events, dining, casinos and shopping and all the best outdoor recreation options. North Lake Tahoe, CA real estate also has access to those things, but on a smaller scale with more seclusion and privacy. Generally, those looking on the North side of the lake, want a quieter, slower pace of life and I love helping them find that here in Lake Tahoe. One of the important parts of being a North Lake Tahoe, CA Realtor is understanding that what is happening on one side of the lake is not happening on the other. If you want to find out what is happening in North Lake Tahoe, CA real estate, check out the below numbers. These are the main categories North Lake Tahoe, CA Realtors follow. They help guide our clients on how to price, what their buying power is, who has control of the market which in turn helps both parties understand what makes an acceptable offer and what doesn’t.
Prices for North Lake Tahoe, CA homes for sale went up to $937,590 from last year’s $843,166. Median prices for North Lake Tahoe, CA homes for sale also went up to $885,000 from last year’s $777,500. As far as inventory goes, there were 33 active homes for sale in North Lake Tahoe, CA compared to the year prior which had 37. So down a bit there, but not by much. This year, we had 11 sold listings compared to the year prior which had 6 for the same time period. Days on market did go up this year at 202. Last year was considerably less at 61.
Now the West Shore of Lake Tahoe, which is still California, is a bit of a different story compared to this time last year. This time last year, there were 39 active listings, 7 solds with an average sold price of $6,648,714 and a median sold price of $1,075,000 with 85 being the average days on market. This year, there were 36 active listings, 256 days on market, 3 solds with an average sold price of $688,000 and a median sold price of $662,000.
For more information on North Lake Tahoe, CA real estate or to find a North Lake Tahoe, CA Realtor help you with buying or selling, give me a call. I would be happy to help!