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Home » Market Reports » Lake Tahoe Real Estate January 2019 Market Report

Lake Tahoe Real Estate January 2019 Market Report

February 22, 2019 by dwestall Leave a Comment

$101M of single-family homes traded hands in January 2019 setting a new record!

The New Year is upon us and the Tahoe real estate markets are continuing their robust trend upward! In January, Oliver Luxury Real Estate sold another legacy lakefront property in Tahoe City for $37M, which puts the tally at 5 sales over $20M in the last 12 months. In addition to these record-breaking sales, there were a total of 16 sales over $1M in January which is bolstering the average and median home prices and are now at new record highs. Overall, we are looking at a healthy market that has the potential to set many new sales records.  Demand for North Lake Tahoe real estate remains strong, inventory continues to be frustratingly low and confidence in the Tahoe real estate markets is energetic, creating a recipe for solid performance.

Year over Year Lake Tahoe, CA Real Estate Market Conditions and Value Trends

January 2019 Statistics

  • 54 Single-Family Home Sales Down 14%
  • Avg. Marketing Time: 74 Days Down 24%
  • Avg. List to Sold Discount: 4.7% Down 4%
  • Total Sales Volume: $101M Up 17%
  • Average Price: $1.86M Up 30%
  • Median Price: $780K Up 21%
  • 1 REO & Short Sales Up 100%
  • 1 Sale Below $300K Even
  • 16 Sales over $1M Down 27%
  • 7 Sales over $3M Even
  • High Sale Price: $37M Up 76%
  • Low Sale Price: $175K Down 19%

January 2018 Statistics

  • 63 Single-Family Homes
  • Average Marketing Time: 98 Days
  • Avg. List to Sold Discount: 4.9%
  • Total Sales Volume: $84M
  • Average Price: $1.3M
  • Median Price: $620K
  • 0 REO & Short Sales
  • 1 Sale Below $300K
  • 22 Sales over $1M
  • 7 Sales over $3M
  • High Sale Price: $8.8M
  • Low Sale Price: $215K

Lake Tahoe Real Estate January 2019 Market Report Highlights

  • Year over year dollar volume is up 30% with $101M trading hands in January, which set a new record
  • Oliver Luxury Real Estate sold a $37M Tahoe City lakefront in January
  • Oliver Luxury Real Estate has sold 5 of the top 7 highest priced home sales in the last 12 months with 4 homes over $20M, including a $37M sale and a $40M sale
  • Luxury home sales account for 30% of all sales in January 2019
  • Median home price is up 21% to $780,000
  • Marketing times were down 24% to an average of 74 days

Lake Tahoe Real Estate January 2019 Market Report Sales Chart

Lake Tahoe Real Estate Market Report - Sales Chart - January 2019

Year Over Year Lake Tahoe Real Estate
January 2019 Sales Volume Chart

Lake Tahoe Real Estate Market Report - Sales Volume Chart - January 2019

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

Lake Tahoe Market Report Archive

  • View All Tahoe Real Estate Market Reports
  • January 2018 Lake Tahoe Market Report
  • January 2019 Lake Tahoe Market Report

Contact Dave Westall – Lake Tahoe Real Estate Agent

Do you have questions about Lake Tahoe Real Estate? Please call me at (530) 448-9882 if you would like to discuss Lake Tahoe real estate market conditions in more detail or to talk about how we can achieve your real estate goals together.

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Filed Under: Market Reports Tagged With: Lake Tahoe Lakefront real estate, Lake Tahoe luxury home, lake tahoe luxury home sales, Lake Tahoe luxury real estate, Lake Tahoe Luxury Realtor, lake tahoe market analysis, lake tahoe real estate, Lake Tahoe real estate agent, lake tahoe real estate market, Lake Tahoe Real Estate market report, lake tahoe real estate sales, lake tahoe real estate stats, lake tahoe realtor, north lake tahoe real estate, North Lake Tahoe Real Estate News

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