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Home > South Lake Tahoe Real Estate Market Report

South Lake Tahoe Real Estate Market Report

May 1, 2019 by Mark Salmon Leave a Comment

Buying or selling South Lake Tahoe real estate this spring? Find an experienced South Lake Tahoe Realtor and ask them what the current market conditions look like for both the neighborhoods you are looking to buy/sell in as well as the general market as a whole.  Knowing details like average sold price, days on market, month supply and more can guide both buyers and sellers from setting the right listing price to coming up with a competitive offer. While the market can change at any time, below are the current numbers locally. These statistics are in comparison to the same time last year.

The sold prices for homes for sale in South Lake Tahoe has gone up for both the average and median sold prices. The average sold price for homes for sale in South Lake Tahoe has increased 4.1% $554,070. The median sold price for homes for sale in South Lake Tahoe has increased 4.1% at $460,000. Percentage of list price decreased to 97.2%. The median days on market is 76 and the average is 99.

The amount of South Lake Tahoe homes for sale is up 10.3% which is good news for buyers. The amount of pending sales did decrease by 7.9% while closed sales went down 5.1%. The month supply, which lets us know who has control of the market, went up 13.5% at 4.2. To understand this number a little better, a balanced market requires 6 months and anything 4 or less is considered a seller’s market. One thing to know about this report: this is for South Lake Tahoe real estate in general. If you have your eye on a certain area or want a report for a specific neighborhood, the numbers will likely be a bit different depending on the neighborhood. Your South Lake Tahoe realtor can provide a custom analysis for the areas you need. If you would like more information on the market, the buying or selling process or just want an idea of what is happening in general in the area, feel free to contact me. I would be more than happy to help!

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What an incredible year it was. Despite a softer m What an incredible year it was. Despite a softer market, especially in the second half of the year, I finished 2022 with over $81 million in total volume.

I owe so much of my success to clients like you. They say a true friend says your name in a room full of important people - I'm thankful you all do that for me! Cheers to an even better 2023!

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DRE# CA 01485376 | NV 0191477
Turnkey & impeccably maintained, this home is read Turnkey & impeccably maintained, this home is ready for its next owners. With over 3,300 square feet, there is room for every one of your favorite people to stretch out, Tahoe-style.

📍: 1938 Osage Circle
💲: Asking Price: $1,398,000
Mark Salmon | Compass®

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Mark Salmon

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(530) 318-7637 Cell
DRE# 01485376
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Compass is a real estate broker licensed by the State of California and abides by Equal Housing Opportunity laws. License Number 01991628. All material presented herein is intended for informational purposes only and is compiled from sources deemed reliable but has not been verified. Changes in price, condition, sale or withdrawal may be made without notice. No statement is made as to the accuracy of any description. All measurements and square footage are approximate. If your property is currently listed for sale this is not a solicitation.