Lake Tahoe Market Update – What You Need to Know

Afternoon Guys,

The Lake Tahoe real estate market is seeing some major shifts, and whether you're buying or selling, it’s crucial to stay ahead of the trends. Here’s a quick update on where things stand today:

📊 Lake Tahoe Market Snapshot
🏡 Median Sale Price: $990K (+20.0% since last year!)
📉 Sale Price per Sq. Ft.: $523 (-1.5% since last year)
📅 Days on Market: 90 days
📉 Homes Selling Below List Price: 3.6% under asking
💰 Average Down Payment: 60.0%
🏠 Total Homes Sold: 121

What This Means for You

✅ For Sellers: With a 20% increase in median sale prices, now is a great time to capitalize on strong market demand. However, with homes sitting for 90 days on average, strategic pricing and marketing are key.
✅ For Buyers: Prices are climbing, but with homes selling slightly under asking price (-3.6%), there’s still room for negotiation.
✅ For Investors: A decline in price per square foot (-1.5%) could signal buying opportunities in select areas.

Have Questions? Get Instant Answers!

Wondering what these numbers mean for your real estate goals? Ask Ricki Manahan’s Real Estate GPT for personalized insights.

Whether you're looking to buy, sell, or invest, now is the time to make informed decisions. Let’s chat about your next move!

Warm regards,
Ricki Manahan
📞 (530) 681-8592
🌐 www.rickimanahan.com