South Lake Tahoe Monthly Market Update, December 2020
The market is still very competitive and inventory has hit an all time low. If a home is priced well, it could go pending within a few days and sometimes with multiple offers. We should continue to see a decrease in inventory as we head into the Winter months.
Our inventory is currently 65.5% lower compared to last year, and we had 37% more closed sales compared to the same month in 2019.
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 - December 2020$575,000
- Median Sales Price - December 2019$442,000
- Number of Homes Sold - December 202085
- Number of Homes Sold - December 201964
- New Listings - December 202041
- New Listings - December 201933
- Total Number of Homes on the Market - December 202067
- Total Number of Homes on the Market - December 2019194
- Number of Homes Under Contract - December 202062
- Number of Homes Under Contract - December 201926
- Average Days on the Market - December 202048
- Average Days on the Market - December 2019110
- Number of Foreclosure Homes on The Market - December 20201
- Number of Foreclosure Homes on The Market - December 20191
- Number of Short Sale Homes on The Market - November 20200
- Number of Short Sale Homes on The Market - December 20190
This Month’s Must See Home for Sale
The choice for December's must-see home of the month is 3727 Birch Ave. This property was built in 1940 and it features 2 Bedrooms / 1 Bathroom / 869 Sq Ft. When you first arrive home, you'll enter the cabin through the mud room, which then leads to the warm and relaxing living room. The living room features beautiful laminate flooring and long with a charming freestanding gas fireplace. On the first floor is where the kitchen, one bedroom, and one bathroom are located. The cabin also sits on a 5,009sqft lot that is completely fenced in, creating a private sitting for you when you've finished your day skiing on Heavenly and want to take a hot tub in peace. This cabin is perfectly located right off Ski Run Blvd and has fast access to both Heavenly Mountain and the Ski Run Mariana.
This Month’s Most Expensive Home for Sale
The most expensive new listing that entered the market this month was 259 Beach Dr, listed at $9,495,000. This home was built in 1984 and it features 6 Bedrooms / 7 Bathrooms / 6,492 Sq Ft / 4 Car Garage. Extraordinary Estate on the Shore of Lake Tahoe! One of only a few exclusive and expansive properties with amazing lake frontage, this opportunity is rare. Almost 6,500 square feet of total living space with a desirable downstairs living floor plan, this impressive lakefront home offers 6 bedrooms, 7 full baths, bunk room, and a 4 car garage. This property presents an unparalleled opportunity to have it all - wide open indoor and outdoor living space, prime lakefront access with 160 feet of sandy beach, boat dock with private boat slip, and stunning views of Lake Tahoe and the Sierra Nevada mountains. The profoundly spacious residence combined with over a half acre of outdoor living under the sun and in the sand is an ideal family gathering destination.
This Month’s Least Expensive Home for Sale
The least expensive new listing that entered the market this month was 3608 Terry Ln #30, listed at $250,000. This property was built in 1965 and it features 2 Bedrooms / 1 Bathroom / 896 Sq Ft. ONE of the FEW in complex with Laundry in unit. Homeowner fees INCLUDE: Cable TV, private fenced pool & patio area, hot water baseboard heating (healthy! puts moisture into the air), hot & cold water, exterior maintenance, ROOF maintenance, refuse service, and snow removal. There is also an onsite laundry room for use of homeowners, but this one is unique with a full size washer and dryer in the kitchen . UPSTAIRS overlooking the pool and patio area.
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