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
    • My Featured Listings
    • New Listing Notifications
    • Register / Login
  • Sellers
    • Tahoe Market Reports
      • Tahoe Neighborhood Market Reports
    • My Recent Sales
    • Dave’s Real Estate Marketing Plan
      • Selling Lake Tahoe Real Estate
      • Listing Videos
    • Get Your Home Ready To Sell
    • What’s My Home Worth
    • Client Testimonials
  • Buyers
    • Search the MLS
    • New Listing Notifications
    • My Featured Listings
    • Client Testimonials
    • Tahoe Market Reports
      • Tahoe Neighborhood Market Reports
    • 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
      • Ski Resort Real Estate
      • Tahoe Lakefront Real Estate News
      • Tahoe Golf Real Estate
      • Truckee Real Estate
        • Prosser Real Estate
        • Tahoe Donner Real Estate
        • Gray’s Crossing Real Estate
      • West Shore Real Estate
    • 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 » Lake Tahoe Real Estate Q1 2019 Market Report

Lake Tahoe Real Estate Q1 2019 Market Report

April 3, 2019 by dwestall Leave a Comment

A Severe Tahoe Winter and Limited Inventory Caused a Slowdown in Q1 2019

The severe winter of 2019 brought over 55 feet of snow to Squaw Valley and has caught up with the Lake Tahoe real estate markets causing a rough finish to Q1. The quarter started off strong but the heavy snows kept buyers at bay and constrained inventory levels took a toll on the market leading to a 22% decrease in units sold. The lack of inventory caused the median home price to dip 5% in March after being up 10% in February.  With that noted, the average home price is up 15% (a record hight) and the median home price is up 4% over 2018, so things aren’t all that bad, we are just dealing with the ramifications of a record setting winter. It turns out that buyers need inventory to purchase homes and when there is 6 to 10 feet of snow on the ground it slows the market down.

Lake Tahoe Real Estate Q1 2019 Market Report Highlights

  • Year over year dollar volume is up 18%
  • Luxury home sales account for 28% of all sales in Q1 2019
  • Median home price is up 4% to $730,000 and the Average home price is up to $1,445,000 to a record high
  • High sale for 2019 is a $37M Tahoe City lakefront, Oliver Luxury Real Estate represented the buyer
  • 10 Martis Camp luxury homes have sold in Q1 with an average price of $5M

Lake Tahoe Real Estate Inventory Should Steadily Rise in the Coming Months

As the snow recedes in N. Lake Tahoe this spring, I anticipate a solid increase of inventory during the first half of Q2.  I’m already working with a number of sellers to prepare their homes to hit the market and I know quite a few other agents that are also working to bring homes on the market within the next 45 to 60 days.  This increase in inventory will be well received by buyers looking to get into the Tahoe homes before the 4th of July holiday. 

Lake Tahoe Buyers are Ready for More Inventory

Buyers are coming off a fun filled winter and as we’ve seen in the past, when the fun meter is pinned all winter, people want to keep that train rolling which often leads to strong market activity in Q2.  If for some reason we see continued signals of weakness as we hit the start of summer, then we might be in for a rough ride in 2019.  I do not see that happening as there is pent up buyer demand and even though some market indicators are off, I think we are on the right track for a good year of real estate sales.

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

Q1 2019 Statistics

  • 153 Single Family Home Sales Down 22%
  • Avg. Marketing Time: 85 Days Up 1%
  • Avg. List to Sold Discount: 4.9% Up 18%
  • Total Sales Volume: $221M Down 6%
  • Average Price: $1.4M Up 15%
  • Median Price: $700K Up 4%
  • 2 REO & Short Sales Down 33%
  • 5 Sales Below $300K Up 20%
  • 43 Sales over $1M Down 35%
  • 15 Sales over $3M Down 12%
  • High Sale Price: $37M Up 76%
  • Low Sale Price: $175K Down 19%

Q1 2018 Statistics

  • 197 Single Family Homes
  • Average Marketing Time: 84 Days
  • Avg. List to Sold Discount: 4 %
  • Total Sales Volume: $236M
  • Average Price: $1.19M
  • Median Price: $675K
  • 3 REO & Short Sales
  • 4 Sales Below $300K
  • 66 Sales over $1M
  • 17 Sales over $3M
  • High Sale Price: $8.8M
  • Low Sale Price: $215K

Lake Tahoe Real Estate Q1 2019 Market Report Sales Chart

Lake Tahoe Real Estate Market Report - Sales Chart - Q1 2019

Click to Enlarge Chart

Lake Tahoe Real Estate February 2019 Sales Volume Chart

Lake Tahoe Real Estate Market Report - Sales Volume Chart - Q1 2019

Click to Enlarge Chart

*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 Real Estate Market Report Archive

  • View All Tahoe Real Estate Market Reports
  • Q1 2018 Lake Tahoe Market Report
  • Q1 2017 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.

For Lake Tahoe real estate news, property listings, and events Sign up for our Newsletter.

 Want to know the value of your Lake Tahoe home?

Image of Westall Real Estate logo forLake Tahoe Real Estate Q1 2019 Market Report

(Visited 306 times, 1 visits today)

Filed Under: Market Reports Tagged With: Lake Tahoe luxury real estate, lake tahoe real estate, lake tahoe real estate market, Lake Tahoe Real Estate market report, market analysis, north lake tahoe real estate, tahoe market analysis, Tahoe Real Estate, Truckee Real Estate

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…
  • Top 10 Lake Tahoe Luxury HomesTop 10 Lake Tahoe Luxury Homes
  • Lake Tahoe Real Estate Year End 2020 Market ReportLake Tahoe Real Estate Year End 2020 Market Report
  • SOLD! Breathtaking Serene Lakes Lakefront CabinSOLD! Breathtaking Serene Lakes Lakefront Cabin

Categories

  • 2015 Sales
  • 2016 Sales
  • 2017 Sales
  • 2018 Sales
  • 2019 Sales
  • 2020 Sales
  • 2021 Sales
  • Featured Listings
  • For Your Home
  • Lake Tahoe Community
  • Lake Tahoe Events
  • Listing Videos
  • Market Reports
  • 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