Lake Tahoe real estate market news

“Sales volumes and prices are down”
“Facing another bubble?”
“Millennials aren’t buying”

The headlines are intimidating if not scary. But let’s compare the market data for single-family residences to discover the real story:

South Lake Tahoe & County

....................4th. Quarter ‘17........4th. Quarter ‘18
Active listings..........unavailable.................71
Pending Sales............unavailable.................12
Units Sold...................183....................153
Median sales price.........$449,000...............$455,000
Median marketing time.......96 days................80 days

It should be noted that sales in the El Dorado County portion of our market sold for a median price point higher than sales reported within the City limits.

Nevada East Shore communities

....................4th. Quarter ‘17.........4th. Quarter ‘18
Active listings...............3.......................19
Pending Sales.................0.......................12
Units Sold....................4........................6
Median sales price........$884,600................$2,225,000
Median marketing time......75 days..................71 days

The data regarding Nevada properties represent a smaller subset of the market where smaller performances can be influenced by a singular, higher dollar volume sale. The quarterly comparison indicates little change in markets. This month interest rates decreased by .5 percent and the typical seasonal moderating of sales activity has held constant. Appreciation does not project to be at the same rate as preceding years but will still exist throughout our markets.

**all data was sourced from the South Tahoe Association of Realtors and the Northern Nevada Multiple Listing Service.