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Home > South Lake Tahoe Real Estate Update

South Lake Tahoe Real Estate Update

January 3, 2020 by Mark Salmon Leave a Comment

If you are thinking of buying or selling in 2020, knowing the local South Lake Tahoe real estate market is crucial for a successful experience. Details like days on market, inventory amount, sold prices and more can guide buyers and sellers respectively. Buyers understand things like purchasing power and how competitive they need to be with their offer. Sellers can use these details as a guide for pricing while understanding buyer motivation. The best resource for this information is a South Lake Tahoe Realtor as we have the tools and resources to provide an accurate picture of what is happening locally and how that impacts you. To get an idea of the current market, check out the below notes. 

The average sold price for South Lake Tahoe real estate is up 8.3% at $591,684. This is actually down slightly from last month. The median sold price for South Lake Tahoe real estate is up 4.6% compared to this time last year at $475,000. This is actually unchanged from last month though. The amount of South Lake Tahoe homes for sale has gone up 7.5%. Closed sales have gone down 1.4%, pending sales have gone down 0.4% and new listings have also seen a decrease of 5.4%. The average days on market have gone up 4% to 105. The month supply is also up 15% to 4.6. This tells us who has control of the market, as in whether or not it is a buyer’s market or a seller’s market. Anything 4 or less is consider a seller’s market while a 6-month supply indicates the market is balanced in both parties’ favor. 

One thing to note about this report is that it is for South Lake Tahoe real estate in general. Each specific neighborhood is going to have their own micro market report with numbers that will likely differ from this. This is why it is so important to work with a South Lake Tahoe Realtor. For more information about listing or buying South Lake Tahoe homes for sale, feel free to reach out to me. I would be happy to help you.

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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! 

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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
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Mark Salmon

Lake Tahoe REALTOR®
(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.