• Home
  • Search
    • Search All Listings
    • Search by Neighborhood
    • Featured Listings
  • Market Reports
  • Buyers
  • Sellers
  • About
    • Mark Salmon
    • Testimonials
  • Contact
  • Login / Register
  • Blog
  • Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Skip to footer
(530) 318-7637 | Login / Register
  • Home
  • Search
    • Search All Listings
    • Search by Neighborhoods
    • Market Reports
    • Featured Listings
  • About
    • Mark Salmon
    • Testimonials
    • Blog
  • Contact
Menu
Home > South Lake Tahoe Real Estate Report

South Lake Tahoe Real Estate Report

November 1, 2020 by Mark Salmon Leave a Comment

If you are thinking of buying or listing Lake Tahoe real estate, the best way to get started is understanding what is happening in the local market. As a seller, this helps you understand how to best position your property to attract buyers in record time. As a buyer, this helps you understand what your buying power is and how fast you need to move. For example: In a seller’s market, you have to move fast and have a competitive offer that stands out from the stack. Otherwise, “blink and you miss it”. In a buyer’s market, serious sellers need to be flexible giving buyers a little more room for negotiations. So how is our current market looking? Let’s take a quick look.

Currently the median sold price for homes for sale in Lake Tahoe are up 12% at $532,000. The average sold price is up 16.9% at $680,271. The amount of homes for sale in Lake Tahoe is down 36.7% compared to this time last year. The amount of closed properties has seen an increase of 42.5% while pending sales have seen a 49.6% increase. Newly listed homes for sale in Lake Tahoe have gone up a little bit by 11.7%. This is good news for buyers who have been frustrated by the lack of inventory available. Currently, the month supply tells us we are still very much in a seller’s market with a 2.7 month supply. This is down from last year at this time by 42.6%.

An important note regarding this Lake Tahoe real estate report: These numbers are for the South Lake Tahoe area in general. Each town and neighborhood around the lake will have their own report that will differ from these numbers. For example, the average sold price for Lake Tahoe real estate in Tahoe Keys is over a million dollars. Montgomery Estates is currently at $757,956. Bijou 2 is $580,969. Your Lake Tahoe Realtor will be able to give you a custom analysis on the areas you are interested in. If you are looking for a Lake Tahoe Realtor that can help with your buying and selling needs, feel free to give me a call. I would be happy to help!

Filed Under: Buyer Tips, Market Reports, Seller Tips

Reader Interactions

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Primary Sidebar

Lake Tahoe REALTOR®

Mark Salmon

(530) 318-7637 Cell
Contact
New Listing Alerts What's My Home Worth Market Reports
"Mark helped introduce me to the market in South Lake Tahoe and is a local expert.Due to the COVID situation, most of the deal had to be transacted from... continued"
- Mark is a Local Expert
All Testimonials
Follow Us
What's going on in the market, going into the new What's going on in the market, going into the new year? And how does South Lake Tahoe navigate real estate under all this snow we have right now?! We had a great discussion on The Tahoe Real Estate Show for January. Check it out on YouTube! 

https://youtu.be/K7-LBZJNaWQ
What an incredible winter is has been in Tahoe! ❄️
PENDING! This beautiful home is almost off the mar PENDING! This beautiful home is almost off the market. One of the best values in South Lake Tahoe right now.

Mark Salmon | Compass®
DRE# CA 01485376 | NV 0191477
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!

Mark Salmon | Compass®
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®

Have Questions?

Contact Me

  • This field is for validation purposes and should be left unchanged.

Footer

company logo

2028 Lake Tahoe Blvd.
So Lake Tahoe, CA 96150

Mark Salmon

Lake Tahoe REALTOR®
(530) 318-7637 Cell
DRE# 01485376
mark.salmon@compass.com

Stay Connected

sitemap   •   admin   •   ©2023 All Rights Reserved  •  Real Estate Website Design by IDXCentral.com
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.