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Home > South Lake Tahoe Real Estate Report

South Lake Tahoe Real Estate Report

May 4, 2020 by Mark Salmon Leave a Comment

For those interested in buying or selling Lake Tahoe real estate, knowing the current market report is necessary to make confident decisions. Especially with the pandemic having such a huge impact on the economy and how real estate is operating, knowing what is happening is more important than ever. As a buyer, you understand what your position and buying power is which helps you craft a competitive offer. As a seller, you understand how quickly homes for sale in Lake Tahoe are moving, what the current values are and that helps you set your listing up to get the most traction and attention. This in turn helps you understand what you need to do to attract a quick sale for the most money. While real estate is a constantly moving machine, the below numbers are what a Lake Tahoe Realtor looks at to help our clients navigate their goals for buying and selling.

The good news for sellers is that prices for homes for sale in Lake Tahoe are up 5.8% from this time last year and last month putting it at $585,556. The median sold price is unchanged for the past couple months but up slightly from this time last year at $465,000. The average percentage of list price is currently 97%. Your Lake Tahoe Realtor will explain his number more in depth and how it impacts you.

As far as inventory goes, the amount of homes for sale in Lake Tahoe is unchanged from this time last year. The amount of pending properties is down slightly by 3.4%, the amount of sold listings are down 1% and the number of new listings is down 4.8%. This isn’t the greatest news for buyers who have been battling low inventory the past couple years, but the hope is that by the end of summer we will see more properties hitting the market. Currently, some sellers are trying to protect their family by not allowing strangers into their home and practicing social distancing. The month supply is up by 7.1% at 4.5. Anything under 4 is considered a seller’s market, while anything over 6 is considered balance and anything over 8 is a buyer’s market. For more information on buying Lake Tahoe real estate or if you are looking for a Lake Tahoe Realtor, feel free to give me a call. I would be happy to help!

Filed Under: Buyer Tips, Market Reports, Real Estate News, Seller Tips

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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
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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®

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So Lake Tahoe, CA 96150

Mark Salmon

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

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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.