When looking at the stats for North Lake Tahoe real estate, it is obvious that the lack of inventory had an impact on this months stats. The number of North Lake Tahoe homes sold decrease by 50% while the average sold price for North Lake Tahoe real estate decreased by about the same percentage as well. The median price stayed roughly the same. The interesting thing to note is that the days on market decreased substantially this year, compared to last year. We are assuming that lack of inventory had something to do with this. While this particular side of the lake is known for its higher price point, this month’s highest sale was between $900,000 – $1,999,999 while this time last year saw the highest sale between $3,000,000 – $4,999,999. When looking at some of the other stats for the communities in this area that we didn’t include (Squaw, Northstar, Truckee, Tahoe Donnor and West Shore) on this side of the lake, all of them saw a dip in active listings, solds, etc. We are going to chalk it up to all the snow and road closures and keep an eye on the numbers as it starts to warm up.
| North Lake Tahoe Real Estate Market Report | 2017 | 2016 |
|---|---|---|
| # of Listings Sold | 7 | 13 |
| Average Price | $644,892 | $1,081,230 |
| Median Price | $603,000 | $622,000 |
| Days On Market | 54 | 140 |
