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
    • 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 » Q1 2016 Lake Tahoe Real Estate Market Report

Q1 2016 Lake Tahoe Real Estate Market Report

April 12, 2016 by dwestall Leave a Comment

Sales of Lake Tahoe Luxury Homes are up 38% in the First Quarter of 2016

With 3 months of sales data behind us it’s safe to say that Lake Tahoe real estate is off to a great start! Total sales volume is up 17% over 2015, just about every metric is showing positive gains and buyer demand remains strong while inventory is very low. The Tahoe luxury markets are white hot with sales of $1M+ properties up 39% and sales of home priced over $3M are up 19%.  Multiple offer situations are becoming more common in the sub $500K price points and competition is strong for the best homes in their respective categories which has helped push median home pricing higher. I anticipate that the Lake Tahoe real estate markets will show continued strength as the year progresses.

Q1 2016 Lake Tahoe Real Estate Stats

Q1 2016 Statistics

  • 206 Single Family Home Sales up 17%
  • Avg. Marketing Time: 124 Days dwn 17%
  • Avg. List to Sold Discount: 3.9% up 26%
  • Average Price: $1.024M down 1.6%
  • Median Price: $620K up 7.7%
  • 5 REO & Short Sales even
  • 7 Sales Below $300K down 36%
  • 52 Sales over $1M up 38%
  • 16 Sales over $3M up 19%
  • High Sale Price: $7.18M down 18%
  • Low Sale Price: $213K up 44%

Q1 2015 Statistics

  • 170 Single Family Homes
  • Average Marketing Time: 149 Days
  • Avg. List to Sold Discount: 2.9%
  • Average Price: $1.041M
  • Median Price: $572K
  • 5 REO & Short Sales
  • 11 Sale Below $300K
  • 32 Sales over $1M
  • 13 Sales over $3M
  • High Sale Price: $8.8M
  • Low Sale Price: $120K

Year Over Year Q1 Lake Tahoe Real Estate Sales Chart

Q1 2016 Lake Tahoe Real Estate Sales Chart for Q1 2016 Lake Tahoe Real Estate Market Report blog

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

Please feel free to 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
P: 530-448-9882
David@WestallRealEstate.com
CA BRE# 01796995

North lake tahoe real estate logo for Westall real estate

(Visited 124 times, 1 visits today)

Filed Under: Market Reports Tagged With: lake tahoe homes, lake tahoe luxury homes, lake tahoe real estate, lake tahoe real estate market, lake tahoe real estate stats, north lake tahoe real estate, tahoe lakefront real estate, tahoe luxury homes, tahoe luxury 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
  • SOLD! Breathtaking Serene Lakes Lakefront CabinSOLD! Breathtaking Serene Lakes Lakefront Cabin
  • Oliver Luxury Real Estate Acquired by Corcoran Global LivingOliver Luxury Real Estate Acquired by…

Categories

  • 2015 Sales
  • 2016 Sales
  • 2017 Sales
  • 2018 Sales
  • 2019 Sales
  • 2020 Sales
  • 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