Lake Tahoe Nevada real estate has been hopping, as usual for the summer time and as we head into the first part of Fall! The statistics below are in regards to all areas of Nevada, condos and single family homes (with exception of Incline Village), here are some statistics for you:
- 9 active Single family homes under $500,000
- The lowest priced home is $318,000 and the highest is $27,500,000.
- There are 57 active condos on the market ranging from $119,000 to $1,995,000
As you can see from the graph below the values of sold homes & condos have been holding fairly level for the area. There is of course the random higher month here or there, but that is usually skewed by less condo sales and a few higher priced lakefront home sales, but in general the trend is just to bounce around near the same level:
In regards to inventory of homes on the market, as it is typical in the summer months, we see a slight uptick in inventory on the Nevada side, but nothing too extraordinary as inventory over here is lower than on the California side year round.
As fall comes to an end and we head into winter, we will make sure we have our annual year end summary in the next quarterly update for you, with more details and specifics on the overall state of the market including some neighborhood breakouts and highlighting some of the high sales. In the meanwhile enjoy the beautiful fall weather up at the Lake and get ready for hopefully a good ski season ahead!