According to the South Lake Tahoe Association of REALTOR’s Multiple Listing Services, there were 63 properties sold through the past 12 months (August 2015 through August 2016) in the Tahoe Keys neighborhood. During the same period starting in 2014 there were 56 properties sold, a 12.5% jump in the last year.
Of the 63 homes sold in the past 12 months, the average home price was $763,996 the average home price this year went up 0.2% from $762,659 during 2015. The average days on the market was 99 days, compared to 98 days during 2015.
As for the list price to sold price ratio, the homes that sold in the Tahoe Keys Area during the past 12 months sold for an average of 95.8% of the original asking price. The list to sold ratio in 2015 was 96.3% of the original asking price.
There were a few more homes for sale on the market in the past 12 months compared to the same period in 2015. The month supply in the past 12 months was 6.6 months of inventory, a 1.5% increase from 6.5 months of inventory 2015.
There are currently 42 homes on the market within the Tahoe Keys Neighborhood as of August 22nd of 2016, 12 of which are in escrow. The price for the homes that are currently on the market range from $625,000 to $3,850,000. The average price per square foot is $471.30. The home listed for $625,000 is a 3 bedroom / 2 bath / 2 car garage home with 7252 sqft built in 1984. The home listed for $3,580,000 is a 4 bedroom / 3 bath / 2 car garage property with 3,306 sqft built in 1979.
Summarizing all this information for the Tahoe Keys neighborhood it is apparent that compared to 2015, in the past 12 months we had a rise in sales as well as a small rise in the number of homes on the market. The average home price has risen as well, indicating a good stable market for this area.