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Home » Market Reports » January 2016 Lake Tahoe Real Estate Market Report

January 2016 Lake Tahoe Real Estate Market Report

February 8, 2016 by dwestall Leave a Comment

El Nino Delivers Snow and Increased Real Estate Demand to the Tahoe Region

Welcome to the first Lake Tahoe real estate market report for 2016. The big news so far this year is the snow, which has been a welcomed addition to the region after the last 4 years of very mild winters. So far, we have exceeded the total snowfall of 2015 and there are still 2+ months of winter ahead! The deep snowpack and optimal skiing conditions have brought record breaking visitor numbers to the Tahoe region which has helped strengthen the Tahoe economy and has helped with home sales.

We are off to a great start in 2016 with just about every statistical data point showing positive growth. With 62 single family home sales in North Lake Tahoe, January 2016 had the highest sales volume in the last 11 years! If El Nino continues to deliver, we will be set up for a solid summer selling season which will most likely result in positive appreciation for the North Lake Tahoe real estate markets.

January 2016 Lake Tahoe Real Estate Statistical Analysis

January 2016 Statistics

  • 62 Single Family Home Sales up 6.5%
  • Avg. Marketing Time: 146 Days up 21%
  • Average Sale Discount: 4.2%, down 21%
  • Average Price: $1.1M even
  • Median Price: $602K up 6%
  • 0 REO & Short Sales down 100%
  • 0 Sales Below $200K down 100%
  • 15 Sales over $1M up 27%
  • 6 Sales over $3M up 17%
  • High Sale Price: $7.1M down 7.8%
  • Low Sale Price: $219K up 9.6%

January 2015 Statistics

  • 58 Single Family Homes
  • Average Marketing Time: 116 Days
  • Average Sale Discount Discount: 5.3%,
  • Average Price: $1.11M
  • Median Price: $566K
  • 4 REO & Short Sales
  • 1 Sale Below $200K
  • 11 Sales over $1M
  • 5 Sales over $3M
  • High Sale Price: $7.7M
  • Low Sale Price: $198K

Year Over Year January Lake Tahoe Real Estate Sales Chart

Image of January Home Sales in Truckee and North Lake Tahoe Chart for January 2016 Lake Tahoe Real Estate Market Report blog
*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

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Filed Under: Market Reports Tagged With: home sales, market analysis, market report, market trends, north lake tahoe sales, statistical analysis, Tahoe Real Estate

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