Lake Tahoe Real Estate January 2019 Market Report

$101M of single-family homes traded hands in January 2019 setting a new record!

The New Year is upon us and the Tahoe real estate markets are continuing their robust trend upward! In January, Oliver Luxury Real Estate sold another legacy lakefront property in Tahoe City for $37M, which puts the tally at 5 sales over $20M in the last 12 months. In addition to these record-breaking sales, there were a total of 16 sales over $1M in January which is bolstering the average and median home prices and are now at new record highs. Overall, we are looking at a healthy market that has the potential to set many new sales records. Demand for North Lake Tahoe real estate remains strong, inventory continues to be frustratingly low and confidence in the Tahoe real estate markets is energetic, creating a recipe for solid performance.

Year over Year Lake Tahoe, CA Real Estate Market Conditions and Value Trends

January 2019 Statistics

54 Single-Family Home Sales Down 14%
Avg. Marketing Time: 74 Days Down 24%
Avg. List to Sold Discount: 4.7% Down 4%
Total Sales Volume: $101M Up 17%
Average Price: $1.86M Up 30%
Median Price: $780K Up 21%
1 REO & Short Sales Up 100%
1 Sale Below $300K Even
16 Sales over $1M Down 27%
7 Sales over $3M Even
High Sale Price: $37M Up 76%
Low Sale Price: $175K Down 19%

January 2018 Statistics

63 Single-Family Homes
Average Marketing Time: 98 Days
Avg. List to Sold Discount: 4.9%
Total Sales Volume: $84M
Average Price: $1.3M
Median Price: $620K
0 REO & Short Sales
1 Sale Below $300K
22 Sales over $1M
7 Sales over $3M
High Sale Price: $8.8M
Low Sale Price: $215K