The Lake Tahoe Nevada real estate market experienced a somewhat similar trend to the South Lake Tahoe, CA area for the year (Incline Village excluded), except the median sales price stayed relatively level. Read below to learn how the year wrapped up for the Nevada side, per MLS statistics:
- The year 2014 ended up slightly lower in volume of actual sales for condos and single family homes on the East side of the lake:
- 2013 we had a total of 224 sales for the year.
- 2014 we had a total of 207 sales for the year.
- The average and median sales remained relatively stable from 2013 to 2014 with just a very slight uptick:
- In 2013 the Average sale amount was $948,440 and the median sales price was $485,240.
- In 2014 the average sale amount $949,063 and the median sales amount was $490,000.
- Average days that a home stayed on the market decreased in 2014. It took an average of 206 days in 2013 and it only took an average of 170 days in 2014.
Currently our inventory is very low. We only have 5 single family homes on the market as of January 8th, 2015 under $500,000 (more if you include condos). Our current total inventory of homes and condos is at 132. Not too many homes out there to compete with so it is a great time to put a home on the market as the lack of inventory should temporarily improve the days on the market with the proper pricing.
If you know of anybody thinking of selling their home this year please have them call us for a free market analysis of their home. If you are interested in statistics for the Incline Village area, don’t hesitate to reach out to us and we will put you in touch with a great Incline Village realtor to provide you with that data.
