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EVENTS | 3 Posts
Lake Tahoe | 20 Posts
Reno | 15 Posts
Uncategorized | 7 Posts
February
28

  February Months supply of homes for sale
Measuring the supply of homes is one way to determine whether the real estate market is favoring the Buyers or the Sellers. It's calculated by dividing the number of the Homes and Condo/Townhomes currently for sale by the rate of pending sales in the past month. As of February 27th, 2025, the months supply of homes for South Lake Tahoe is 3.18 months. The months supply of homes for the Nevada east shore of Lake Tahoe is 7.9 months. According to the chart above, this would indicate a slightly favorable market for the sellers on the south shore and a more favorable market for the buyers on the NV east shore. February is typically a turning point for more homes to come on the market. The South Lake Tahoe  market continues to give a slight advantage to sellers.  The last 2 weeks experienced a modest surge of buyers with pending sales. Overall buyers are still reluctant to jump into the market right away.  The Nevada east shore numbers suggest a Buyer's market but activity still remains sluggish. If you would like more market information, please contact me anytime, jwire@chaseinternational.com.
Jim Wire
Realtor
NV64977, CA994721
(530) 314-9008
jwire@chaseinternational.comjwire.chaseinternational.com
© 2024 Chase International. All rights are reserved by Chase International, and content may not be reproduced, downloaded, disseminated, published, or transferred in any form or by any means, except with the prior written permission of Chase International. All information is deemed reliable but is not guaranteed accurate.
November
18

As of November 18th , above is an chart showing the price/sf for the South Lake Tahoe market. This is a snapshot of home/condo/townhome sales in the last three months. When you compare price/sf you are not comparing apples to apples. It tends to jump around depending on size, location, condition, supply and demand. It can help a seller price their home to be more competitive when looking at the median sales price. It can help buyers with using it as another comparison. The chart shows an average of $532/sf and a median of $493/sf.

November
15

As of November 14th Lake Tahoe on the Nevada east shore is showing a 6 months supply of homes/condo/townhomes on the market. This is calculated by dividing the number of properties that are currently on the market by the rate of pending sales in the past month. According to the chart above, this suggest a market that is in between a sellers and buyers market. I call it a tug of war. This may be a continuing trend through the rest of the month as sales are typically slower. For more market information and insights, send me an email to jwire@chaseinternational.com.

November
14

As of November 14th South Lake Tahoe is showing a 4.24 months supply of homes/condo/townhomes on the market. This is calculated by dividing the number of properties that are currently on the market by the rate of pending sales in the past month. According to the chart above, this suggest a sellers' market by a slim margin. This may be a continuing trend through the rest of the month as sales are typically slower. For more market information and insights, send me an email to jwire@chaseinternational.com.

November
13

Climate Change has put wildfire danger at the forefront of homeowners for the Lake Tahoe area. What can we do about it? Defensible space inspections have become a point of sale for many communities. Here is another piece that give homeowners more empowerment, Watch Video

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