Monthly Market Update, September 2018

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 Winter. 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 $430,000 in September 2018, compared to $399,000 during September 2017.
– The number of South Lake Tahoe, CA Homes that sold in September 2018 was 63, and 86 homes sold in September 2017.
– There were 68 new listings entering the market this month.
– There are 92 South Lake Tahoe, CA homes for sale that are under contract which represents 30% of the overall 243 available inventory of homes for sale.
– Average days on the market: 72
– From the 243 homes for sale during September 2018, 0 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

This Month’s Most Expensive
The most expensive new listing that entered the market this month was 576 Alpine Drive selling for $1,950,000. Beautiful custom home on double/corner lot in Tahoe Keys. Featuring a unique floor plan. Living room has a wall of windows with spectacular views of Mount Tallac and the Sierras. Chef's kitchen with granite counters, built in appliances, three ovens, walk in pantry. Dining area seats twenty people. Fireplace in each master bedroom, recreation room and living room. Hot tub on roof deck with panoramic views. Steam shower and sauna. This home was built in 1992 / 7 beds / 5 baths / 4865 Sq Ft. Schedule a Showing!

 This Month’s Least Expensive

The least expensive new listing that entered the market this month was 1048 Trout Creek Avenue, listed for $249,000. Bring your tool belt and/or your imagination to this contractor's special in the American Legion Tahoe Resort Association. Tucked away, this historic neighborhood is centrally located and just a short walk to the beaches at Al Tahoe. The cabin has a large deck in the front and a garage. So much potential for a year-round getaway and not a forest service cabin. This home was built in 1936 /  3 beds / 2 bath / 990 Sq Ft. Schedule a Showing!

This Month’s Must See

The choice for September's must-see home of the month is 869 Secret Harbor South Lake Tahoe CA, listed at $365,000. Great family home located in the desirable neighborhood of Tahoe Island Drive. Hike or bike to miles of paved trails on your way to Pope beach, Fallen Leaf Lake and Camp Richardson. This home has been well maintained and shows pride of ownership through the years. Featuring 2 bedrooms, 1 bath, a large laundry room and a spacious 1 car garage with plenty of storage and room for all your toys. The high vaulted ceilings and wood burning stove are the highlights of the living room. Enjoy BBQ’s with friends and family off the sunny back deck with a fully fenced yard. This home is sold fully furnished and ready to move in. Centrally located, close to restaurants, shopping and just a short drive to the Lake and Heavenly Ski resort. This home was built in 1975 /  2 beds / 1 bath / 912 Sq Ft. Schedule a Showing!