The Tahoe Real Estate Markets are Energized
The 2016 North Lake Tahoe and Truckee real estate markets continue to show strength in August as we speed towards the 3rd quarter. We continue to see record sales volume, the average and median sale price is up double digits and luxury home sales are through the roof. I noted a slight slow down in June and July, but August has us back on track and it’s hard to deny the tenacity of the market as every metric that I track is showing solid positive gains.
Year over Year Statistical Comparison (single family homes)
August 2016 Statistics
- 708 Single Family Home Sales up 16%
- Avg. Marketing Time: 97 Days down 3%
- Avg. List to Sold Discount: 3.3% even
- Average Price: $1.011M up 17%
- Median Price: $615K up 11%
- 17 REO & Short Sales down 29%
- 25 Sales Below $300K down 22%
- 176 Sales over $1M up 51%
- 49 Sales over $3M up 49%
- High Sale Price: $8.9M even
- Low Sale Price: $202K up 50%
August 2015 Statistics
- 598 Single Family Homes
- Average Marketing Time: 100 Days
- Avg. List to Sold Discount: 3.3%
- Average Price: $842K
- Median Price: $550K
- 24 REO & Short Sales
- 32 Sale Below $300K
- 86 Sales over $1M
- 25 Sales over $3M
- High Sale Price: $8.85M
- Low Sale Price: $100K
Year Over Year Lake Tahoe Real Estate Sales Chart
*North Lake Tahoe and Truckee Single Family Home sales including lakefronts. Data taken from the Tahoe-Sierra Board of Realtors, MLS Areas 1-9.
Year Over Year Lake Tahoe Real Estate Sales Volume Chart
Past Market Reports
View All of My Tahoe Real Estate Market Reports
August 2015 Tahoe Market Report
August 2014 Tahoe Market Report
Do you have questions about Lake Tahoe Real Estate? Please call me if you would like to discuss the Lake Tahoe real estate market conditions in more detail or talk about the specific market conditions where your home is located. I would be happy to put together a specific market analysis for your home and provide you with information about how I can help you sell your home for top dollar.
Want to know the value of your Lake Tahoe home?
David Westall, Realtor
OLIVER LUXURY REAL ESTATE
CA BRE# 01796995
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