South Lake Tahoe Monthly Market Update, June 2021
As we head towards the peak home buying season, the demand remains strong and 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 Summer buying season.
Our inventory is currently 29% lower compared to last year. There were 99 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 this month is up 45% 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 - June 2021$746,000
- Median Sales Price - June 2020$515,000
- Number of Homes Sold - June 202175
- Number of Homes Sold - June 202071
- New Listings - June 202199
- New Listings - June 2020114
- Total Number of Homes on the Market - June 2021125
- Total Number of Homes on the Market - June 2020177
- Number of Homes Under Contract - June 202169
- Number of Homes Under Contract - June 2020154
- Average Days on the Market - June 202148
- Average Days on the Market - June 202055
- Number of Foreclosure Homes on The Market - June 20210
- Number of Foreclosure Homes on The Market - June 20202
- Number of Short Sale Homes on The Market - June 20210
- Number of Short Sale Homes on The Market - June 20201
This Month’s Must See Home for Sale
The choice for June's must-see home of the month is 3524 Pinecrest Ave. This property was built in 1976 and it features 4 Bedrooms / 3 Bathrooms / 2,176 Sq Ft / 2 Car Garage. This property will charm you with its ample family room and open layout featuring high vaulted ceilings, a double sided fireplace and custom wood accents throughout. You will fall in love with the sizeable updated gourmet kitchen, equipped with newer stainless steel appliances and granite counter tops. A spacious in-suite bedroom and updated baths are other attributes you'll appreciate. Make the most of your outdoor space by having friends over for a BBQ on the large and sunny deck overlooking a fully fenced in yard. The main house has 3 bdrms, 2 baths and a 2 car garage. Guest quarters above the garage has a separate entrance, a full bathroom and plenty of living space to be used as you desire.
This Month’s Most Expensive Home for Sale
The most expensive new listing that entered the market this month was 428 Wedeln Ct, listed at $2,175,000. This home was built in 1992 and it features 4 Bedrooms / 3 Bathrooms / 2,178 Sq Ft / 2 Car Garage. Handsomely stretched across a sundrenched double lot. Natural light cascades into the upstairs living floor plan accented by tall ceilings and a floor to ceiling fireplace where walls of windows frame dramatic eye-popping views of wide water with Mount Tallac as the backdrop! Hardwood floors run throughout the home which includes 4 waterside bedrooms, on the main living level is a sizable owners suite flanked by a waterside deck and additional ensuite bedroom on the lower level. Enjoy quick boating access to the lake and all Tahoe Keys amenities.
This Month’s Least Expensive Home for Sale
The least expensive new listing that entered the market this month was 3344 Sandy Way #15, listed at $260,000. This property was built in 1961 and it features 2 Bedrooms / 1 Bathroom / 812 Sq Ft. This unit is waiting for you to create your perfect living space. The unit is light and airy and gets morning and afternoon sun. Situated across the street from Lake Tahoe and walking distance to shops, restaurants, stores and beaches. Peekaboo lake view from sun room. In addition to the heated pool there is a BBQ area, laundry facilities, locked bicycle storage and a locked mail room.
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