| January 1, 2021 to September 30, 2021 | January 1, 2022 TO September 30, 2022 |
| 276 Single Family Homes Sales | 186 Single Family Homes Sales Down 32.6% |
| Avg. Marketing Time: 34 Days Down | Average Marketing Time 34 Days |
| List to Sold Price: 101% | List to Sold Price: 99% |
| Total Sales Volume: $504,155,228 | Total Sales Volume: $336,231,675 Down 33.3% |
| Average Sales Price: $1,826,649 | Average Sales Price: $1,807,697 Down 1% |
| Median Sales Price: $1,134,000 | Median Sales Price: $1,112,500 Down 1% |
| 51 Sales Over $2,000,000 | 31 Sales Over $2,000,000 Down 39.9% |
| 31 Sales Over $3,000,000 | 13 Sales Over $3,000,000 Down 58% |
During the first 3 quarters of 2021 there were 343 homes for sale. 276 of these or 80.47% sold.
During the first 3 quarters of 2022 there were 271 homes for sale. 186 of these or 68.63% sold.
Current Inventory as of September 30, 2022 – 55 single family homes.
Average Price is $4.413,510
Median Price is $1,750,000
On September 30, 2021 there were 50 homes for sale. Compared to the current inventory the inventory has increased by 10%.
There were 138 sales in the last 6 months preceding September 30, 2022 or 23 sales per month. 55 listings divided by 23 sales per month shows a Current Absorption Rate at 2.39 months which favors a sellers market.
CONCLUSION: While the market on the North & West Shores of Lake Tahoe has slowed considerably in both the number of sales and sales volume, prices are holding steady. Also, the number of homes for sale is not excessive with a low 2.39 month supply. I would rate our market as a stable market that is not booming, but not going down making good opportunities for both buyers and sellers who want to make a move.
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