Dave Westall
Lake Tahoe Real Estate

(530) 448-9882

  • Email
  • Facebook
  • Instagram
  • LinkedIn
  • Pinterest
  • Tumblr
  • Twitter
  • YouTube
  • Home
  • Search
    • Search All Properties
    • Search by Map
      • Neighborhood Map
    • New Listing Notifications
    • Register / Login
  • Sellers
    • Market Reports
      • Receive Market Updates
    • Marketing Your Home
      • Selling Lake Tahoe Real Estate
      • Listing Videos
    • Adding Value
    • What’s My Home Worth
    • My Recent Sales
    • My Featured Properties
    • Client Testimonials
  • Buyers
    • Search the MLS
    • New Listing Notifications
    • My Featured Properties
    • Client Testimonials
    • Market Reports
      • Receive Market Updates
    • Mortgage Calculator
  • Neighborhoods
    • All Tahoe Neighborhoods
    • Truckee Golf Real Estate
      • Martis Camp Real Estate
      • Lahontan Real Estate
      • Schaffer’s Mill Real Estate
      • Gray’s Crossing Real Estate
      • Old Greenwood Real Estate
    • Lake Tahoe Luxury Real Estate
      • Lake Tahoe Lakefront Homes for Sale
      • Lake Tahoe Real Estate and Homes for Sale
      • Truckee Golf Real Estate
      • Tahoe Ski Resort Real Estate
    • Lake Tahoe Real Estate
      • North Shore Lake Tahoe Homes
        • Tahoe City Real Estate
        • Dollar Point Real Estate
        • Carnelian Bay Real Estate
        • Agate Bay Real Estate
        • Tahoe Vista Real Estate
        • Kings Beach Real Estate
      • West Shore Lake Tahoe Homes
        • Sunnyside – Tahoe Park Real Estate
        • Homewood Real Estate
        • Tahoma Real Estate
        • Meeks Bay & Rubicon Bay Real Estate
    • Tahoe Ski Resort Real Estate
      • Squaw Valley Real Estate
      • Alpine Meadows Real Estate
      • Northstar Real Estate
      • Homewood Real Estate
    • Tahoe Donner Real Estate
    • Truckee Real Estate
  • Tahoe Info
    • Tahoe Market Reports
      • Tahoe Neighborhood Market Reports
    • Winterizing Your Tahoe Home
    • Tahoe Resources and Info
      • Lake Tahoe Area Guide
      • Tahoe Relocation Guide
    • Tahoe Truckee School Guide
  • Blog
    • Tahoe Real Estate Blog
    • Tahoe Market Reports
    • Featured Listings
    • For Your Home
      • Tips and Advice
    • Lake Tahoe Community
      • Lake Tahoe Events
      • North Lake Tahoe Real Estate News
    • My Recent Sales
  • About
    • About Lake Tahoe Realtor Dave Westall
      • Westall Real Estate Team
    • My Recent Sales
    • Testimonials
  • Contact
    • Newsletter Signup
    • Contact
Home » Market Reports » February 2016 Lake Tahoe Real Estate Market Report

February 2016 Lake Tahoe Real Estate Market Report

March 17, 2016 by dwestall Leave a Comment

Lake Tahoe Real Estate Demand is Robust While Inventory Levels Remain Low

The Lake Tahoe real estate markets are off to a great start in 2016! Just about every metric is showing positive gains and buyer demand remains strong while inventory is almost non-existent.  Every time it snows people are excited to ski fresh powder and unwind in Tahoe while enjoying the deep snowpack.  With each passing storm, buyers become more excited about the prospect of owning in Tahoe which is helping to drive demand. Excitement is also brewing as the water level of Lake Tahoe is rising and rafting on the Truckee River is becoming a reality for the summer of 2016.

So far this year we have had 128 single family home sales in North Lake Tahoe and Truckee which is the highest sales volume for this time period over the last 11 years! Low inventory and high buyer demand have sent home pricing up 12% over last year and sales of luxury homes are up 44%. To say the least, we are off to a great start and I anticipate that the Lake Tahoe real estate markets will show continued strength as the year progresses.

February 2016 Lake Tahoe Real Estate Statistical Analysis

Jan. – Feb. 2016 Statistics

  • 128 Single Family Home Sales up 18%
  • Avg. Marketing Time: 136 Days up 7%
  • Avg. List to Sold Discount: 4.5% even
  • Average Price: $1.1M up 7%
  • Median Price: $624K up 12%
  • 2 REO & Short Sales down 60%
  • 0 Sales Below $200K down 100%
  • 34 Sales over $1M up 44%
  • 12 Sales over $3M up 58%
  • High Sale Price: $7.18M down 6.7%
  • Low Sale Price: $219K up 9.5%

Jan. – Feb. 2015 Statistics

  • 105 Single Family Homes
  • Average Marketing Time: 127 Days
  • Avg. List to Sold Discount: 4.5%,
  • Average Price: $1.02M
  • Median Price: $552K
  • 5 REO & Short Sales
  • 2 Sale Below $200K
  • 19 Sales over $1M
  • 5 Sales over $3M
  • High Sale Price: $7.7M
  • Low Sale Price: $198K

Year Over Year February Lake Tahoe Real Estate Sales Chart

February 2016 Lake Tahoe Real Estate Sales Chart

*North Lake Tahoe and Truckee Single Family Homes including lakefronts. Data taken from the Tahoe-Sierra Board of Realtors, MLS Areas 1-9.

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 please feel free to call or email me.  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
P: 530-448-9882
David@WestallRealEstate.com
CA BRE# 01796995

lake tahoe real estate

(Visited 197 times, 1 visits today)

Filed Under: Market Reports Tagged With: lake tahoe real estate, Luxury Tahoe Real Estate, north lake tahoe homes, real estate statistical analysis, tahoe family homes, tahoe homes

Leave a Reply Cancel reply

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

New Listing Notifications
What's My
Home Worth

Search Listings

$
$

Popular Posts

  • Modular Home Construction on the West Shore of Lake TahoeModular Home Construction on the West…
  • Lake Tahoe Real Estate February 2021 Market ReportLake Tahoe Real Estate February 2021 Market Report
  • Top 10 Lake Tahoe Luxury HomesTop 10 Lake Tahoe Luxury Homes
  • Lake Tahoe Real Estate Q1 2021 Market ReportLake Tahoe Real Estate Q1 2021 Market Report

Categories

  • 2015 Sales
  • 2016 Sales
  • 2017 Sales
  • 2018 Sales
  • 2019 Sales
  • 2020 Sales
  • 2021 Sales
  • For Your Home
  • Lake Tahoe Community
  • Lake Tahoe Events
  • Listing Videos
  • Market Reports
  • My Featured Properties
  • My Recent Sales
  • North Lake Tahoe Real Estate News
  • Ski Resort Real Estate
  • Tahoe Golf Real Estate
  • Tips & Advice
  • Truckee Real Estate
  • Uncategorized
  • West Shore Real Estate

Follow me on Blogarama

Corcoran Global Living

319 West Lake Blvd
Tahoe City, CA 96145

530-448-9882
Contact Dave

Privacy Policy

Dave Westall

Dave Westall Lake Tahoe Real Estate and Truckee RealtorTahoe City Realtor Dave Westall is the best at helping clients achieve their real estate goals. Whether buying or selling Tahoe and Truckee real estate, Dave is your trusted partner. Meet Dave Westall

  • Facebook
  • Instagram
  • LinkedIn
  • Pinterest
  • Tumblr
  • Twitter
  • YouTube
Lake Tahoe ›
Tahoe City ›
Truckee

CA BRE# 01796995   •   sitemap   •   admin   •   ©2021 All Rights Reserved  •  Real Estate Website Design by IDXCentral.comPrivacy Policy