South Lake Tahoe Monthly Market Update, July 2021
Continued strong demand pushed the median home price to a record high in June, though the house-buying frenzy cooled slightly as supply ticked higher. Despite some cooling off, strong demand and low mortgage interest rates should still keep the housing market competitive in the months to come.
Our current inventory is approximately the same amount as it was in the same month last year. However, that's still about 60% lower than prior years, pre-pandemic. There were 102 new listings coming up on the market this month. The median sales price in July was up 40% compared to the same month last year, while the number of closed sales was down 53%
If you are a homeowner thinking about selling your home this year, it's still a great 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 - July 2021$740,000
- Median Sales Price - July 2020$528,250
- Number of Homes Sold - July 202175
- Number of Homes Sold - July 2020142
- New Listings - July 2021102
- New Listings - June 2020130
- Total Number of Homes on the Market - July 2021127
- Total Number of Homes on the Market - July 2020129
- Number of Homes Under Contract - July 202191
- Number of Homes Under Contract - July 2020163
- Average Days on the Market - July 202149
- Average Days on the Market - July 202054
- Number of Foreclosure Homes on The Market - July 20210
- Number of Foreclosure Homes on The Market - July 20200
- Number of Short Sale Homes on The Market - July 20210
- Number of Short Sale Homes on The Market - July 20201
This Month’s Must See Home for Sale
The choice for July's must-see home of the month is 2296 Lupine Trl. This property was built in 2013 and it features 4 Bedrooms / 3 Bathrooms / 2,834 Sq Ft / 2 Car Garage. With a delightful blend of mountain lodge allure and craftsmanship, this home offers the opportunity to savor the Tahoe lifestyle. Backing Conservancy land, privacy and forested views are an additional bonus. On this same floor is the expansive master suite with vaulted ceilings, sitting area, jetted tub, and a huge walk-in closet. Basking in year-round natural light, upstairs living includes the open great room featuring vaulted ceilings, wood floors and an inviting gas fireplace surrounded by a built-in entertainment center. The kitchen is a true chef's delight with granite counters, knotty alder cabinetry, 6-burner gas range and a stone-faced kitchen island.
This Month’s Most Expensive Home for Sale
The most expensive new listing that entered the market this month was 1891 Bella Coola Dr, listed at $1,688,000. This home was built in 2004 and it features 6 Bedrooms / 4 Bathrooms / 4,275 Sq Ft / 2 Car Garage. Luxury and Tranquility blend together in this stunning contemporary home located in the desirable Tahoe Paradise neighborhood. The stone hearth and gas fireplace, vaulted ceilings and wood floors invite guests to kick off their shoes and relax. Open to the great room is the custom kitchen featuring granite counters, knotty alder cabinets, breakfast bar and convenient work center. The master suite features a double sided fireplace and large soaking tub. Two of the five guest bedrooms are en-suites. To top it all off, the large decks and hot tub create the ideal outdoor entertaining area. Fully furnished, this home is within minutes to the Heavenly Ski Resort, Lake Tahoe beaches, hiking trails, shopping and dining.
This Month’s Least Expensive Home for Sale
The least expensive new listing that entered the market this month was 3535 Lake Tahoe Blvd #130, listed at $350,000. This property was built in 1975 and it features 1 Bedroom / 1 Bathroom / 448 Sq Ft. This studio condo is located in a lakefront homeowner association community and is just a 2 minute stroll to the private pier. The is 1000 linear feet of the best sandy beach in Tahoe. Upgraded with a designer tile stall shower, granite counters and it comes fully furnished. There is a Murphy bed and a free standing gas fireplace.
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