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Lake Tahoe Home Sales Review: Year End 2015

Lake Tahoe Home Sales Review:

 Year End 2015

 First and foremost, Happy New Year!! As you start off 2016 and begin to put your New Year’s Resolutions and goals into action, owning a home in beautiful Lake Tahoe might be one of them.  Staying up-to-date and knowledgeable about the current Real Estate market could be a very important step in helping you achieve your Tahoe dream. The following statistics list the 4 main “quadrants” around the lake and reference the year end numbers for 2015 compared to those of 2014 and may give you an idea of what direction the market might go.

 

South Lake Tahoe, CA 

  • Single Family Homes

    • Median Sales Price = $346,250
    • Number of Sold Properties = 610
    • Average Days on the Market = 121

The Median Sales Price for 2015 decreased by 4% from the previous year

  • Condos

    • Median Sales Price = $260,000
    • Number of Sold Properties = 87
    • Average Days on the Market = 156

The Median Sales Price for 2015 decreased by 8% from the previous year

  • Lakefront Homes

    • Median Sales Price = $3,250,000
    • Number of Sold Properties = 4
    • Average Days on the Market = 206

The Median Sales Price for 2015 increased by 9% from the previous year

 

 

 

South Lake Tahoe, NV 

Single Family Homes

  • Median Sales Price = $707,500
  • Number of Sold Properties = 92
  • Average Days on the Market = 194

The Median Sales Price for 2015 increased by 13% from the previous year

Condos

  • Median Sales Price = $315,000
  • Number of Sold Properties = 67
  • Average Days on the Market = 180

The Median Sales Price for 2015 decreased by 5% from the previous year

Lakefront Homes

  • Median Sales Price = $3,400,000
  • Number of Sold Properties = 5
  • Average Days on the Market = 493

The Median Sales Price for 2015 decreased by 31% from the previous year

 

 

Incline Village and Crystal Bay, NV 

Single Family Homes

  • Median Sales Price = $917,500
  • Number of Sold Properties = 136
  • Average Days on the Market = 136

The Median Sales Price for 2015 decreased by 8% from the previous year

Condos

  • Median Sales Price = $420,000
  • Number of Sold Properties = 219
  • Average Days on the Market = 189

The Median Sales Price for 2015 decreased by 2% from the previous year

Lakefront Homes

  • Median Sales Price = $4,274,000
  • Number of Sold Properties = 6
  • Average Days on the Market = 399

The Median Sales Price for 2015 decreased by 39% from the previous year   (Due to price point and can be misleading)

 

 

North Shore, CA 

Single Family Homes

  • Median Sales Price = $525,000
  • Number of Sold Properties = 126
  • Average Days on the Market = 95

The Median Sales Price for 2015 increased by 6% from the previous year

Condos

  • Median Sales Price = $332,250
  • Number of Sold Properties = 72
  • Average Days on the Market = 66

The Median Sales Price for 2015 increased by 11% from the previous year

Lakefront Homes

  • Median Sales Price = $3,800,000
  • Number of Sold Properties = 11
  • Average Days on the Market = 190

The Median Sales Price for 2015 increased by 32% from the previous year  (Due to price point and can be misleading)

 

 

West Shore, CA 

Single Family Homes

  • Median Sales Price = $550,000
  • Number of Sold Properties = 131
  • Average Days on the Market = 117

The Median Sales Price for 2015 increased by 7% from the previous year

Condos

  • Median Sales Price = $684,000
  • Number of Sold Properties = 11
  • Average Days on the Market = 166

The Median Sales Price for 2015 increased by 3% from the previous year

Lakefront Homes

  • Median Sales Price = $5,250,000
  • # of Sold Properties = 13
  • Average Days on the Market = 160

The Median Sales Price for 2015 increased by 57% from the previous year    (Due to price point and can be misleading)


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