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Home > South Lake Tahoe Real Estate Update

South Lake Tahoe Real Estate Update

June 1, 2020 by Mark Salmon Leave a Comment

If you are interested in buying or selling Lake Tahoe real estate, knowing the latest market report is necessary. Especially with Covid-19 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 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 attention from buyers. This in turn helps you understand what you need to do to attract a quick sale for the most money. As a buyer, you understand what your position and buying power is which helps you craft a competitive offer. 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 8.6% from this time last year and last month putting it at $593,266. The median sold price is unchanged from this time last year at $460,000. The average percentage of list price is 97%. Your Lake Tahoe Realtor will explain his number more in depth and how it impacts you. Average days on market are currently 111.

As far as inventory goes, the amount of homes for sale in Lake Tahoe is down 3.2%. The amount of pending properties is up by 1.8%, the amount of sold listings are down 4.1% and the number of new listings is down 4.6%. The month supply is up by 2.3% at 4.4. Anything under 4 is considered a seller’s market, while anything over 6 is considered balanced 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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802 Lassen is the perfect place for you to finish 802 Lassen is the perfect place for you to finish out this epic summer in Lake Tahoe! This 4,111 square foot home backs up to a sailing lagoon, plus has Tahoe Keys amenities and a slip! This exceptional property just had a price improvement - DM me to view your new South Lake landing spot. 

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DRE# CA 01485376 | NV 0191477

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DRE# CA 01485376 | NV 0191477
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💲: $2,495,000
Mark Salmon | Compass®
DRE# CA 01485376 | NV 0191477
Recently reduced! This beloved family home borders Recently reduced! This beloved family home borders miles of National Forest, with lushly landscaped grounds & hardscaping. Dine al fresco or take in a sunset in the hot tub. This home exudes class!

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💲: $1,498,000
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📍: 3087 Jacarillo Trail
💲: $1,548,000
Mark Salmon | Compass®
DRE# CA 01485376 | NV 0191477

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2028 Lake Tahoe Blvd.
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.