Monthly Market Update, February 2018

The South Lake Tahoe housing market has been steady. The inventory of homes is currently low, but the inventory should start increasing as we move into Spring. With the recent changes in the Vacation Rental Rules, we are unsure of how that will affect the Housing Market over the next few months. 

The Numbers Month to Month and Year to Year

– The median sales price for South Lake Tahoe, CA Homes for Sale was $508,000 in February 2018, compared to $309,000 during February 2017.
– The number of South Lake Tahoe, CA Homes that sold in February 2018 was 34, and 31 homes sold in February 2017.
– There were 52 new listings entering the market this month.
– There are 49 South Lake Tahoe, CA homes for sale that are under contract which represents 30% of the overall 159 available inventory of homes for sale.
– Average days on the market: 109
– From the 150 homes for sale during February, 2 of them were a foreclosure and 0 of them was a short sale.

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 1639 Sherman Way, selling for $15,880,000. Gunbarrel Lodge, named after the iconic face of Heavenly Ski Resort that this 15-acre signature alpine estate sits adjacent to, is among the most spectacular properties ever constructed on the South Shore! A private gated entrance and scenic driveway lead to the hillside perch for this exclusive compound that begins under a grand Porte-cochere entry and 6-car garage. The main residence and separate guest house combine for nearly 17,000sf of living with 17 bedrooms and 18 baths, mostly ensuite, that offer a rare assemblage of ski-in/ski-out locale with overwhelming lake views and exceptional design. A beckoning of every modern convenience and comfort, the sheer scale and list of attributes and amenities are in a class by itself. Rustically elegant, the builder artfully melded timbers and rugged reclaimed materials with a deluge of stonework and stylish decor while providing a seamless transition to the outdoors. An unprecedented opportunity to own a legacy property.
 This home was built in 2017 / 17 beds / 18 baths / 16,500 Sq Ft. Schedule a Showing!

This Month's Least Expensive

The least expensive new listing that entered the market this year was 3343 Deer Park, listed for $299,000. This cute Tahoe cabin is conveniently located in the bijou area, walking distance to beautiful Lake Tahoe and a short drive to Heavenly Ski Resort, shopping and restaurants. With a little TLC you can make this property into a perfect starter home or a place to spend your vacations up at the lake. This cabin has so much potential. Own a piece of Tahoe charm, bring all offers! This home was built in 1934 / 3 beds / 1 bath / 753 Sq Ft. Schedule a showing!

This Month’s Must See

The choice for February’s must-see home of the month is 1144 Charles Avenue, listed at $328,000. Situated in a peaceful segment of Tahoe Sierra, this charming residence is a short stroll from Trout Creek Meadow yet still provides central, convenient access to the many amenities of the city. Pride of ownership is evident across the entire property from the mature landscaping to the condition and cleanliness of the interior. Tasteful improvements to the home include custom kitchen cabinetry, slab granite counters, laminate flooring and fresh carpeting. The open floor plan, generous proportions and fully fenced backyard are perfect for entertaining options in any season. Gracious and inviting from the curb, this impressive home also affords a single-car garage. This home was built in 1965 and has 2 bedrooms / 1 baths / 864 Sq Ft. Schedule a Showing!