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Home / Archive: August 2010
South Lake Tahoe
Real Estate Market Update
Currently there are 509 Active listings (single family and condo) and 118 Active Pending (in escrow) listings in South Lake Tahoe.
There were 38 properties that sold in the city and county neighborhoods of South Lake Tahoe July 1-31. 17 (44%) of the sales comprised of REO (bank owned) or short sales. The Statistics are as follows.
Avg. List Price $373,279
Avg. Sold Price $349,418
Avg. DOM(Days on Market) 154
Avg. SF (Sq. feet) 1556
% of Sold Price to List Price-
1-30 DOM- 98.75%
31-60 DOM- 101.88%
61-90 DOM- 96.31%
91-120 DOM- 95.84%
120+days- 88.79%
The median sales price in July for Single Family residences was $326,500, the same as June and a slight increase from January-May of this year. Currently the median home price is equal to where it was in January 2004.
Enjoy one of South Lake Tahoe’s most quiet and peaceful neighborhoods in this well-crafted newer construction home located in Christmas Valley. This established vacation rental features include cedar wrapped siding, TREX decking, Red Oak wood flooring, and granite countertops. Enjoy beautiful views off the back deck with great sun exposure, and a large USFS parcel adjacent. With easy access to Hwy.50, Heavenly, Sierra at Tahoe and Kirkwood ski resorts are minutes away. This home would make the perfect Tahoe Retreat!
Offered at $479,000
This nicely updated ranch style home is situated on a large beautifully landscaped lot. With 2 bedrooms, 1 Bath, and a very large great room the home features laminate flooring, a rock fireplace, newer carpet, vinyl windows, storage shed and french doors that lead to the large fenced backyard. You are only steps away to miles of USFS trails that are perfect for hiking, biking, or snowshoeing. With easy access to Pioneer Trail, you are only a short drive to Heavenly and Sierra at Tahoe ski resorts. This home would make a perfect Tahoe getaway!
Offered at $249,000
