If you are thinking of buying or selling Tahoe Keys real estate this spring, knowing the current market conditions is crucial. As a seller, this information lets you know what is a fair price to list your real estate in Tahoe Keys for. Over pricing can cause your home to sit and in turn get passed over by buyers as they assume there is something wrong with it. Under pricing can back fire and you could end up taking less money than you want. As a buyer, knowing the market conditions ensures you don’t over pay the market value of a home for sale in Tahoe Keys. At the end of the day, selling Tahoe Keys real estate is a business transaction between a buyer and a seller and both parties should feel satisfied. 

In a nutshell, the Tahoe Keys real estate market is looking good. Unlike most of the other areas in South Lake Tahoe, this neighborhood is actually a buyers market. The month supply is 5.3 and new listings have gone up 9.3%. Pending sales are up 48.3% and the closed sales are up 44.8%. The median sales price had a slight 1.3% increase at $679,500. The average sales price actually went down 7.3% and is now $740,200. The amount of homes for sale have also dropped a little bit by 2.9% and the average days on the market is now down 16.1% at 120 days. 

If you are looking to buy a home for sale in Tahoe Keys, or you are looking to sell real estate in Tahoe Keys, give me a call at 530-308-4331. I would be happy to guide you.