South Lake Tahoe Market Update 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.

2616 Henderson St. South Lake Tahoe

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

1194 Tokochi St. South Lake Tahoe

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

New Listing South Lake Tahoe Real Estate-Highland Woods

2888 Lakewood Circle

Charming home located on a quiet street in the desirable neighborhood of Highland Woods in South Lake Tahoe. Features include, newer roof, low-e vinyl windows, laminate flooring, open beam ceilings, spacious loft, sunny rooftop deck, storage shed and underground utilities. Easy access to the meadow, bike trails and the beautiful beaches of Lake Tahoe. This home is centrally located, close to Heavenly Ski Resort, restaurants, casinos, and shopping. Garage was converted to a bedroom which adds another 165SqFt. Ready to move in with furnishings,snowblower and a hot tub included.
This would make a perfect home for the young family or a wonderful vacation retreat.

3 Bedrooms
2 Baths
Offered at $315,000

South Lake Tahoe Events

March 2010
Indefinitely- The Improv Cabaret
Harvey’s Casino 1-800-HARVEYS
On stage 6 days a week. Show times 9 p.m. Wed.-Fri. and Sun. 8 p.m. and 10 p.m. Sat. Restricted to persons age 21 and over

Indefinitely- Carninval Cabaret - Starring Gypsy
Horizon Casino Resort (775)588-6211
Shows performed nightly Wed.-Sun 8 p.m Minors are welcome, but be advised there is some adult humor.

Mar 17
Celebrate St. Patrick’s Day at Blu Nightclub inside MontBleu Resort and Casino
Blu Nightclub - Inside MontBleu Resort
Stateline, NV 89449
Phone: (775) 588-3515

Mar 19
48th Annual Lake Valley Volunteer Firefighter’s Ball at MontBleu’s Grand Ballroom
MontBleu Casino Resort & Spa
Stateline, NV 89449
Phone: (530) 577-3737

Mar 20
Eric Burdon & The Animals at Harrah’s Lake Tahoe
Harrah’s Lake Tahoe
Stateline, NV 89449
Phone: (775) 588-6611

Mar 20
Polar Bear Plunge to benefit Special Olympics Northern CA
Zephyr Cove Resort
Zephyr Cove, NV 89448
Phone: (925) 944-8801 ext. 215

Mar 20
Free Spring Equinox Women’s Snowshoe Hike on the Tahoe Rim Trail
Lake Tahoe, NV
Phone: (775) 298-0012

Mar 21
Kinder Cup Challenge
Heavenly Mountain Resort
South Lake Tahoe, CA 96150
Phone: (775) 586-7000

Mar 22 - 26
College Week Discounted Ski + Snowboard Lift Tickets at Sierra Resort
Sierra at Tahoe, CA
Phone: (530) 543-5614

Mar 26
Signal Path at Blu Nightclub inside MontBleu Resort Casino & Spa
MontBleu Resort Casino & Spa
Stateline, NV 89449
Phone: (775) 588-3515

Mar 27
Thrice & Pepper Live Bands at MontBleu Resort Casino & Spa
MontBleu Theatre
Stateline, NV 89449
Phone: (775) 588-3515

Mar 27
The Celtic Tenors at Harrah’s Lake Tahoe
Harrah’s Lake Tahoe
Stateline, NV 89449
Phone: (775) 588-6611

Mar 27
The Backyard Bang Rail Jam featuring Thrice at MontBleu Resort Casino & Spa
MontBleu Casino Resort & Spa
Stateline, NV 89449
Phone: (530) 543-5614

Mar 29
Full Moon Snowshoe Trek on the Tahoe Rim Trail
Lake Tahoe, CA
Phone: (775) 298-0012

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