Monthly Market Update, July 2018

The South Lake Tahoe housing market has been steady. The inventory of homes is increasing, but the inventory should start increasing as we continue into Summer. 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 South Lake Tahoe housing market has been steady. The inventory of homes is currently low, but the inventory should start increasing as we continue into Summer. 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 median sales price for South Lake Tahoe, CA Homes for Sale was $450,000 in July 2018, compared to $387,500 during July 2017.
– The number of South Lake Tahoe, CA Homes that sold in July 2018 was 77, and 61 homes sold in July 2017.
– There were 90 new listings entering the market this month.
– There are 80 South Lake Tahoe, CA homes for sale that are under contract which represents 30% of the overall 285 available inventory of homes for sale.
– Average days on the market: 63
– From the 285 homes for sale during June 2018, 1 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

This Month’s Most Expensive
The most expensive new listing that entered the market this month was 2085 Pooewin Street, selling for $1,495,000. Near one of a kind!! 1.02 Acre Mountain Estate located in the desirable North Upper Truckee area of South Lake Tahoe. Nothing but mountain and forest views from every location in the house and just steps to miles and miles of trails. Situated and secluded on the cul-de-sac of Pooewin, this Tahoe Retreat is nothing short of spectacular!! Beautifully designed for comfort and relaxation from the gourmet kitchen to the spacious great room filled with handcrafted woodwork and vaulted ceilings. There’s ample room for large gatherings in the formal dining room and more on the bottom floor which boasts a lap pool, large living space, additional bedrooms, bathrooms and separate laundry. Peace and tranquility is what can be found in the master suite with it’s own fireplace, jetted tub, steam shower, his and her sink areas and radiant floor heating. Truly, a one a kind masterpiece in the mountains. 2 miles from restaurants and only 9 miles away from the soon to be new Whole Foods Market. This home was built in 2009 / 4 beds / 5 baths / 4685 Sq Ft. Schedule a Showing!

 This Month’s Least Expensive

The least expensive new listing that entered the market this month was 1048 Glen Road, listed for $282,000. Don’t miss this charming single family home with the Tahoe interior you’ve been looking for! Conveniently located only 1/2 mile from Heavenly Village with restaurants, shopping, the Gondola, hiking, night life, casinos, and beaches. Many recent updates include, skylight in bedroom, appliances, open layout, wall heater, fireplace, closets and front fence.  This home was built in 1955 /  1 beds / 1 bath / 480 Sq Ft. Schedule a Showing!

This Month’s Must See

The choice for June’s must-see home of the month is 1377 Tata Lane in South Lake Tahoe CA, listed at $928,000. Gracefully set within a mature stand of towering pines, this newly completed residence features end-of-the-road privacy while showcasing a dynamic palate of exceptional woodwork and stone. The ultimate escape with convenient proximity to the tastefully renovated Y & some of the finest beaches on Lake Tahoe. An artful integration of modern design and sophisticated mountain living allows for an immersive experience across 2 floors of open living that centers around a 60” linear great room fireplace with Edgewood stone and Artisan mantle. Wire-brushed, European Oak floors tender a stylish contrast with the brilliant white Maple cabinetry of a fully detailed gourmet kitchen, complete with Dakar Quartzite counters and distinctive Viking appliances. A generous lower game room is refined with a full wet bar, private balcony & forested views. The Master Suite offers vaulted ceilings, his & her walk-in closets and a plush bath with free-standing tub, premium porcelain floors and dual vanities. This home was built in 2018 /  4 beds / 3 bath / 2798 Sq Ft. Schedule a Showing!