Can't use the average without the median in Tahoe City

By
Real Estate Agent with Sierra Sotheby's International Realty BRE# 01279475

 Neil Morse

Tahoe City, CA Realtor

www.northtahoeproperty.com 

Today the Sierra Sun (our daily paper), yes we have a daily now, reported the Tahoe City average price to be $1.4 million! Holy smokes, don't let that scare you. The truth in numbers is in the median which I calculated to be more like $775,000. This is looking at single family solds reported from Jan 1. to now. I think that number will come down soon though, as mentioned in the Sierra Sun piece, the low end is moving while the high end is a bit stagnant. Looking at the pending properties-there are 26, the median is $639,000. Thats good news I think, we need prices to come down some to stimulate the buyers. I'm starting to see some good listings out there at the $600k mark.

Last night we had a quick snow storm that dropped a couple of inches on us. Today is sunny but crisp. We're looking at intermittant weather through Tuesday. 

 

tahoe city

 

Commons beach in Tahoe City this morning two weeks ago it was 60 degrees and sunny. I saw kids in the water....

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