West Shore Real Estate Update

West Shore real estate in Tahoe has sprung to life in what is usually a pretty quiet time of year. Is it because buyers can actually (and unfortunately) see the ground because we have so little snow? Is it because current offerings are especially tasty? Or is it pent up demand?

Regardless, only 2 West Shore real estate deals have closed so far this year – and they were battling for cheapest sales in a decade (one was $99k). However there are 25 homes in escrow from Tahoe City down through Rubicon with listings prices ranging from $89,900 to $3.15 million. The average is $574k and the median is $399k. The numbers hint at at a 200 day supply of homes which isn’t too bad in this market.

Who would have thought?

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