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The Seller’s Market Impacting Lake Tahoe

April 5, 2018 by admin Leave a Comment

Lake Tahoe is FULL with the water level being 6,228 Feet and the first quarter of 2018 is showing strength in the North Lake Tahoe real estate markets!

  • The average Lake Tahoe, CA home price has set a new record
  • There is a severe lack of inventory creating a seller’s market
  • Luxury Tahoe home sales account for 32% of all sales in 2018
  • Total dollar volume is up 26% over 2017
  • Total dollar volume for single-family home sales is at $226 million, which is 18% higher than last year

Here are some market statistics from 2018 side by side with 2017 (Please click image to enlarge):

blog stats png

 

Even though Lake Tahoe home inventory remains limited at most price points, which makes it so that buyers have fewer choices, they continue to see the value of the current inventory which is good.

Undoubtedly, there is a historical steady rise in inventory every spring, which means more competition and in turn, demand will soften. Since we are in a “seller’s market” and have this remarkably low inventory, now is the best time to list your Lake Tahoe property. With fewer choices, your home will sell quickly and for top dollar. 

If you are thinking of selling your Lake Tahoe dream home, please call or email C. Kelly Smith at: 

(530) 546-8224

kel@ltol.com

If you would like to view our featured and coming soon listings, click the links provided or please visit our website at:

www.realestate-laketahoe.com

Also, give us a FOLLOW on Social Media!

Facebook – Instagram – LinkedIn

Our team is ready to help you with all your real estate needs! 

 

Filed Under: Lake Tahoe Homes, Market News Tagged With: Lake Tahoe dream home, lake tahoe homes, lake tahoe property, lake tahoe real estate, north lake tahoe real estate, tahoe dream home, Tahoe home

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Kelly Smith
Kelly Smith

Kelly Smith and Century 21 Tahoe North Realtors ® feature unique homes for sale in the North Lake Tahoe and Truckee areas. For years we have been highly respected in the Lake Tahoe community by offering professional service to all of our customers.

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Century 21 Tahoe North Realtors   •   5249 North Lake Blvd   •   PO Box 1178   •   Carnelian Bay, CA 96140
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