South Lake Tahoe Monthly Market Update, April 2021
As we head towards the peak home buying season, the demand remains strong but the housing supply still lags behind. Buyers who are currently struggling to find a house are likely to see improvement in the number of listings available to them as more sellers list their houses for the spring buying season.
Our inventory is currently 61% lower compared to last year, and we had 97% more closed sales compared to the same month in 2020. There were 82 new listings coming up on the market this month. However, our inventory still remains at an all time low, because buyer's demand is extremely high and most homes are going pending as soon as they hit the market. The median sales price is up 33% from last year's.
If you are a homeowner thinking about selling your home this year, this is a good time to put your home on the market. If you'd like to have an idea of how much your home is currently worth, click here for an instant automatic valuation.
Avg Days on Mkt
Stats Comparison from a Year Ago
South Lake Tahoe CA
- Median Sales Price - April 2021$650,000
- Median Sales Price - April 2020$490,000
- Number of Homes Sold - April 202165
- Number of Homes Sold - April 202033
- New Listings - April 202182
- New Listings - April 202040
- Total Number of Homes on the Market - April 202169
- Total Number of Homes on the Market - April 2020176
- Number of Homes Under Contract - April 202167
- Number of Homes Under Contract - April 202021
- Average Days on the Market - April 202172
- Average Days on the Market - April 2020122
- Number of Foreclosure Homes on The Market - April 20210
- Number of Foreclosure Homes on The Market - April 20201
- Number of Short Sale Homes on The Market - April 20210
- Number of Short Sale Homes on The Market - April 20200
This Month’s Must See Home for Sale
The choice for April's must-see home of the month is 2497 William Ave. This property was built in 1957 and it features 3 Bedrooms / 2 Bathrooms / 1,088 Sq Ft / 1 Car Garage. Charming craftsman style home located in Midtown South Lake Tahoe. This Tahoe cabin has the style you're looking for with open wood beams, vaulted ceilings upstairs, knotty pine trim, and custom wood accents throughout. The living room has a river rock fireplace, floating wood shelves, custom log mantel, and new LVP flooring. The kitchen has granite tile counters and hard wood cabinets. Both bathrooms are updated with Travertine tile and newer vanities. Other features include a new Stone-Coated Metal Roof and an oversized 1 car garage with pull through doors. The fully fenced backyard is super cute with a variety of deciduous plant life, various patio options, bridges, a decorative well, and a pathway leading to the geodesic shed.
This Month’s Most Expensive Home for Sale
The most expensive new listing that entered the market this month was 950 Balbijou Rd, listed at $5,950,000. This home was built in 2015 and it features 4 Bedrooms / 3.5 Bathrooms / 4,704 Sq Ft / 2 Car Garage. Situated in the heart of South Shore, this exquisite lakefront property is a perfect blend of mountain modern and serene relaxation. Recently built in 2015, the house is equipped with modern appliances, contemporary design, and expansive windows that perfectly capture Tahoe's renowned sunsets. The open floor plan lends itself to large gatherings, luxe hosting, and comfortable living. A level sandy beach and two buoys makes this property a true private lake experience. Downstairs, the grand hallway leads to all four bedrooms, each with its own unique charm. The master bedroom overlooks the distinct turquoise water of the lake perfectly rounds out the elegance of this home.
This Month’s Least Expensive Home for Sale
The least expensive new listing that entered the market this month was 1046 Ham Ln, listed at $349,000. This property was built in 1928 and it features 1 Bedroom / 1 Bathroom / 604 Sq Ft. Centrally located, close to restaurants, brewery's, shopping, grocery stores, hiking/bike trails, the lake and other amenities. Just a short drive to Heavenly Ski Resort. Imagine spending the summer afternoons sitting out on the back deck and taking in the fresh mountain air.
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