South Lake Tahoe Monthly Market Update, February 2021
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 most of the time with multiple offers. We have seen the housing inventory start to increase, but it's still not enough to catch up with the demand.
Our inventory is currently 64.5% lower compared to last year, and we had 26% more closed sales compared to the same month in 2019. Another interesting data is that we had 48% more new listings coming up on the market this month compared to the same period last year. However, our inventory still remains at an all time low, because buyer's demand is extremely high and homes are going pending as soon as they hit the market.
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 - February 2021$635,000
- Median Sales Price - February 2020$425,000
- Number of Homes Sold - February 202148
- Number of Homes Sold - February 202038
- New Listings - February 202171
- New Listings - February 202048
- Total Number of Homes on the Market - February 202160
- Total Number of Homes on the Market - February 2020169
- Number of Homes Under Contract - February 202170
- Number of Homes Under Contract - February 202046
- Average Days on the Market - February 202170
- Average Days on the Market - February 2020103
- Number of Foreclosure Homes on The Market - February 20210
- Number of Foreclosure Homes on The Market - February 20202
- Number of Short Sale Homes on The Market - February 20210
- Number of Short Sale Homes on The Market - February 20200
This Month’s Must See Home for Sale
The choice for February's must-see home of the month is 864 San Francisco Ave. This property was built in 1958 and it features 3 Bedrooms / 2 Bathrooms / 1,849 Sq Ft. This floor plan provides the potential for a large family home or two separate dwellings. Upon the front entry one will walk into the spacious living room featuring hard wood floors and a gas fireplace. Toward the back of the living area is the dining room with access and views of the adjacent CA Conservancy lot. Next to the dining area is the upgraded kitchen with granite countertops, newer cabinetry and appliances. Down the hall is the large laundry, two bedrooms and guest bath. Through the second bedroom is the another living room with a kitchenette area and separate entrance. This area could be locked off. Up the stairs is a large master suite and balcony. Amenities include a newer metal roof which looks like shingle, two tankless water heaters, lots of storage and a fenced backyard.
This Month’s Most Expensive Home for Sale
The most expensive new listing that entered the market this month was 3819 Beach Rd, listed at $5,950,000. This home was built in 1962 and it features 4 Bedrooms / 4 Bathrooms / 3,310 Sq Ft / 4 Car Garage. 100 FEET of pristine sandy beach on Lake Tahoe's South Shore featuring a main home with 3 bedrooms and 3 bathrooms, and a separate 4-car garage with a 950 square foot guest quarters above the garage with a spacious living area, one bedroom and an office. The main house offers a massive floor to ceiling granite fireplace, an upgraded kitchen with custom cabinets and granite countertops, a unique wet bar alcove with stunning lake views through an all glass lake-facing wall, a spacious downstairs master suite overlooking Lake Tahoe, and two upstairs bedrooms each with a private deck and fabulous views, and a hot tub to soak up the panoramic views.
This Month’s Least Expensive Home for Sale
The least expensive new listing that entered the market this month was 1281 Bonanza Ave #11, listed at $242,500. This property was built in 1965 and it features 2 Bedrooms / 1 Bathroom / 907 Sq Ft. Excellent condition, in a very quiet complex at the Y area of South Tahoe. Upstairs corner unit with kitchen upgrades & tile floors, good quality carpet through out. Not only is this the most secluded, quiet, desirable unit in the complex but it's corner location gives excellent tree-filtered sunlight for much of the day. Covered carport with outside locked storage and 1 additional outside parking space.
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