Torry Johnson's Market Report

Zephyr Cove, NV

Single-Family Homes

775.790.4637 | tjohnson@chaseinternational.com | www.torryjohnson.com



Zephyr Cove, NV

Tue Jan 21 2020
This week the median list price for Zephyr Cove, NV is $1,525,000 with the market action index hovering around 30. This is an increase over last month's market action index of 27. Inventory has held steady at or around 21. Click here to stay informed with the Zephyr Cove market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

Home sales have been exceeding new inventory for several weeks. Since this is a Buyer's market prices are not yet moving higher as excess inventory is consumed. However, as the supply and demand trends continue, the market moves into the Seller's zone, and we are likely to see upward pressure on pricing.

Zephyr Cove, NV

Tue Jan 21 2020
This week the median list price for Zephyr Cove, NV is $1,525,000 with the market action index hovering around 30. This is an increase over last month's market action index of 27. Inventory has held steady at or around 21. Click here to stay informed with the Zephyr Cove market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

Home sales have been exceeding new inventory for several weeks. Since this is a Buyer's market prices are not yet moving higher as excess inventory is consumed. However, as the supply and demand trends continue, the market moves into the Seller's zone, and we are likely to see upward pressure on pricing.

Real-Time Market Profile

Never miss important changes in the Zephyr Cove market.
Median List Price $1,525,000
Per Square Foot $519
Days on Market 252
Price Decreased 38%
Price Increased 0%
Relisted 5%
Inventory 21
Median Rent
Most Expensive $39,900,000
Least Expensive $640,000
Market Action 30
Slight Seller's Advantage

Despite this week’s up tic, the market seems to have paused around this plateau. The Market Action Index is a good leading indicator for the durability of this shift.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$6,600,000 6,131 0.25 - 0.5 acre 4 5 33 1 0 555
$1,898,000 2,918 0.25 - 0.5 acre 4 3 32 0 0 131
$1,198,000 3,817 0.25 - 0.5 acre 4 4 42 0 2 189
$882,500 1,826 8,000 - 10,000 sqft 3 2 52 1 1 150