Whether you own a home or are just thinking about it, you are probably wondering about statistics and facts about the market. Conveniently, we have all you need to know about the current United States Real Estate Market right here!

One of the things first time home buyers stress about when buying a home for sale in the Tahoe Keys is how many properties they have to look at before they find “The One”. So what is the average? Ten. That is not so bad! Considering that you will probably spend between 15-30 minutes touring a home for sale in Lake Tahoe, that is really only 2.5 to 5 hours out of your life before you put the offer in spent touring properties. It really isn’t that much time, so try not to be discouraged if you feel like you are spending all your spare time walking through homes. Speaking of the number ten, 29% of home buyers consider their home a perfect ten. How is that for Home Sweet Home! How much are people paying for homes? Well why it obviously varies, the average cost is almost $293,000. The average square footage is just over 2,500, which is a pretty decent sized home. Folks are also putting down an average payment of about 14% of the home price. The average age of a first time home buyers is 32, so if you are in your mid twenties and feel like you are lagging, don’t worry folks-you have plenty of time to find that piece of Lake Tahoe real estate.

Most importantly, 88% of these buyers used a Realtor showing that a majority of buyers are being smart about their investment and using a qualified professional to walk them through the process of this major investment. If you have any questions about buying or selling a home in Lake Tahoe, call Peter Delilli at 530-308-4331.