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Monthly Market Report, September 2017

The South Lake Tahoe housing market has been steady. The inventory of homes should start decreasing within the next few months as we head into the Fall/Winter season. The market should remain steady in the next few months and home values should continue to slowly increase as long as interest rates remain low. 

The Numbers Month to Month and Year to Year

– The median sales price for South Lake Tahoe, CA Homes for Sale was $422,500 in September 2017, compared to $405,900 during September 2016.
– The number of South Lake Tahoe, CA Homes that sold in September 2017 was 70, and also 70 homes sold in September 2016.
– There were 56 new listings entering the market this month.
– There are 60 South Lake Tahoe, CA homes for sale that are under contract which represents 30% of the overall 218 available inventory of homes for sale.
– Average days on the market: 86
– From the 218 homes listed during September, 0 of them were a foreclosure and 1 of them were short sales.

A few highlights of the current South Lake Tahoe, CA Homes for Sale are shown below.

A few highlights of the current South Lake Tahoe, CA Homes for Sale are shown below.

This Month’s Most Expensive

The most expensive new listing that entered the market this month was 319 Beach Drive selling for $5,495,000. New construction on 100 feet of sandy beach is offered with this incredible Tahoe Keys home encompassing almost 4200 feet of living area. The palatial main living level has walls of windows framing dramatic views of Lake Tahoe and mountains with special features such as, wide planked wood flooring, a handsome stone fireplace and a bar counter with a built-in wine cooler. The gleaming kitchen is finished with knotty alder cabinetry, granite counters complimented with travertine splashes and stainless steel appliances. Sharing the upper level is a large family/game room, 4 bedrooms in total, 3 on the lakeside and all with their own bathroom finished with granite, tile and natural stone. The master suite is warmed by a cozy fireplace with a beautiful spa bathroom and a huge walk-in closet. Outside attractions include over 1000 feet of decking and a 37 foot sheltered boat slip just steps away. Enjoy life at the beach and all Tahoe Keys amenities from this excellent lakefront value! This home was built in 2016 / 4 beds / 5 baths / 4190 Sq Ft

This Month’s Least Expensive

The least expensive new listing that entered the market this year was1961 D Street, listed for $199,000. Situated on a 3/4 acre lot! This darling home is in a great neighborhood, a short distance to town and has amazing potential. Two bedrooms, an updated bath, eat in kitchen, laundry and huge, not quite fully finished bonus room! So much land and on a corner location. Great price! This home was built in 1952 / 2 beds / 1 bath / 1134 Sq Ft.

This Month’s Must See

The choice for September's must-see home of the month is 870 Los Angeles Avenue, South Lake Tahoe CA listed at $339,900. This Classic Tahoe chalet located in the desirable Al Tahoe neighborhood. This is the quintessential mountain cabin that you imagine, just a few blocks from the Lake and the Meadow! This charming home is situated at the rear of the property for added privacy, and features knotty pine walls, vaulted open beam ceilings and an expansive deck for outdoor entertaining. There are also two sheds on the property for additional storage. The home is being offered completely furnished. Just minutes from shopping, restaurants, skiing, casinos and the rec center. The perfect Tahoe getaway!  This home was built in 1954 and has 3 bedrooms / 2 baths / 750,931 Sq Ft.

Before you go; checkout the properties below for an updated list of all the homes for sale in Tahoe:

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