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Monthly Market Update, November 2017

Nanda & Jimmy Dozier

We truly understand the importance of listening, relating to our clients, communicating, being patient, problem solving and helping clients work towar...

We truly understand the importance of listening, relating to our clients, communicating, being patient, problem solving and helping clients work towar...

Nov 1 4 minutes read

The South Lake Tahoe housing market has been steady. The inventory of homes should start decreasing within the next few months as we’re in the 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 $427,500 in November 2017, compared to $439,500 during November 2016.
– The number of South Lake Tahoe, CA Homes that sold in November 2017 was 58, and also 62 homes sold in November 2016.
– There were 33 new listings entering the market this month.
– There are 48 South Lake Tahoe, CA homes for sale that are under contract which represents 30% of the overall 180 available inventory of homes for sale.
– Average days on the market: 86
– From the 180 homes listed during November, 0 of them were a foreclosure and 0 of them were short sales.

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 4068 Sunrise Lane. This is a Rare opportunity to own a lakefront property at Lakeside Park – walking distance to private Lakeside Beach and Marina, Heavenly Village & Gondola, Casinos, summer concert series, upscale restaurants and shopping. Stunning unobstructed lake views since you own a slice of the greenbelt at 4067 Sunrise Ln between Sunrise Ln and Lakeshore Blvd – sold together. Reward yourself with this charming, updated three bedroom, two bathroom cabin with an open floor plan, gas fireplace and breathtaking lakefront setting.This home was built in 1956 / 3 beds / 2 baths / 1490 Sq Ft. 

This Month’s Least Expensive

The least expensive new listing that entered the market this year was 2616 Palmira Avenue. This three bedroom two bath property is located in the center of town. Walk to restaurants and shopping. Close to Lake and Skiing. This home was built in 1960 / 3 beds / 2 bath / 1160 Sq Ft.

This Month’s Must See

The choice for October’s must-see home of the month is 3781 Grass Lake Road. Breath-Taking! Awe-Inspiring! Fresh natural mornings & deeply restful evenings blend with the tranquil sound of the surrounding creeks and waterfalls. Simply put – there’s nothing else like it. Entering the home, one steps into the large redwood foyer leading into the main living area. The living room features open beam ceilings and hardwood floors. A bank of windows & an inviting wall-length window seat overlooks the west side of the property. Windows also line the dining side of the room. From the living area one can step out onto two separate decks. The kitchen features granite counters and upgraded appliances. On the opposite side of the home is the laundry area, a bath featuring a redwood shower and plenty of storage. Heading upstairs, one will pass another cozy window seat overlooking the east side of the property. Upstairs are three bedrooms, one loft style. Again, more decks. Attached to the home is a fourth room ideal as a bedroom, studio or home office. Views!! This home was built in 1973 and has 3 bedrooms / 2 baths / 1945 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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