- North Lake Tahoe Real Estate Sales November 2012 Comparison – December 03, 2012
For the month of November there was a significant increase in Residential home and Condominium sales compared to the same month in 2011 and 2010 in the North Lake Tahoe real estate market, and this trend has been noticed for the past 6 months. The “Median Sold Price” number shows us that the North Lake Tahoe real estate market is definitely recovering, and here is the reason why: in the previous months we had an increasing number of home sales in 2012 compared with the same periods of 2011 and 2010, but in November not only did we have the same increase in home sales, but for the first time in a long time the “Median Sales Price” index is also higher than the same period of 2011 and 2010. This tells us that not only are the number of home sales is increasing, but the prices on these homes is also going up. Also a “Price Differential” of 99.51% for Residential Home sales and 93.90% for Condominium sales is telling us that homes are sold very close to the asking price. Just a simple coincidence? Looking at the charts not really, but the upcoming months should give us a clearer picture.
- Residential Home Sales Report
– Please note that the report above was created using data extracted from the MLXChange System and reflects Residential Property sales.
- Condominium Sales Report
– Please note that the report above was created using data extracted from the MLXChange System and reflects Condominium sales.
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