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South Lake Tahoe Monthly Market Update, March 2021

Nanda & Jimmy Dozier

We are a husband and wife team servicing the areas of South Lake Tahoe, West Shore, Lake Tahoe NV, North Lake Tahoe and Truckee.Selling a home in toda...

We are a husband and wife team servicing the areas of South Lake Tahoe, West Shore, Lake Tahoe NV, North Lake Tahoe and Truckee.Selling a home in toda...

Apr 2 4 minutes read

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 68.6% lower compared to last year, and we had 102.4% more closed sales compared to the same month in 2019. There were 59 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 51.5% 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.

Stats Summary 

March 2021

$750k

Median Price

59

New Listings

83

Homes Sold

44

Avg Days on Mkt

Stats Comparison from a Year Ago

South Lake Tahoe CA

  • Median Sales Price - March 2021
    $750,000
  • Median Sales Price - March 2020
    $495,000
  • Number of Homes Sold - March 2021
    83
  • Number of Homes Sold - March 2020
    41
  • New Listings - March 2021
    59
  • New Listings - March 2020
    61
  • Total Number of Homes on the Market - March 2021
    54
  • Total Number of Homes on the Market - March 2020
    174
  • Number of Homes Under Contract - March 2021
    70
  • Number of Homes Under Contract - March 2020
    27
  • Average Days on the Market - March 2021
    44
  • Average Days on the Market - March 2020
    86
  • Number of Foreclosure Homes on The Market - March 2021
    0
  • Number of Foreclosure Homes on The Market - March 2020
    2
  • Number of Short Sale Homes on The Market - March 2021
    0
  • Number of Short Sale Homes on The Market - February 2020
    0

This Month’s Must See Home for Sale

The choice for March's must-see home of the month is 1941 Apalache Dr. This property was built in 1983 and it features 3 Bedrooms / 2 Bathrooms / 1,836 Sq Ft / 2 Car Garage. Location, Setting & Mountain Views all on a Huge lot!  This well-loved home has only known one owner and it is now time to start the next chapter.  The highly desirable floor plan offers plenty of room for large families and gatherings.  Upon entering the home, immediately to the left is the family room featuring vaulted pine ceilings, freestanding woodstove and it's own deck overlooking the forest and mountain views.  The entire upstairs is dedicated to the spacious master suite. Minutes to beaches, golf, trails and skiing. 

 

This Month’s Most Expensive Home for Sale

The most expensive new listing that entered the market this month was 296 Beach Dr, listed at $5,900,000. This home was built in 2016 and it features 7 Bedrooms / 8.5 Bathrooms / 5,452 Sq Ft / 2 Car Garage. Exquisite Waterfront Lodge with indoor pool on coveted Beach Drive! This Tahoe contemporary has a home automation system for today's modern technology and comforts. An endless pool with spa, upstairs air conditioning and heated walkway make this smart home a 'cut above' most homes. The lanai-style living room opens to a beautiful yard with decks and a large private boat dock, accommodating several larger boats. Tahoe Keys amenities including private beach, large picnic park area, tennis courts, outdoor pool/playground, and more are just steps away.

 

This Month’s Least Expensive Home for Sale

The least expensive new listing that entered the market this month was 1281 Bonanza Ave #1, listed at $269,000. This property was built in 1965 and it features 2 Bedrooms / 1 Bathroom / 921 Sq Ft. One of the best price condos in Tahoe! Remodeled with tile porcelain flooring and USA walk in shower. The spacious living room anchored by the stone surrounded fireplace easily flows to the dining and kitchen areas. Plus there is a small home office nook. From the living area, one can step out to the private west-facing covered deck with views of an open and peaceful Tahoe serenity. The kitchen is bright and sunny, new dishwasher, range/oven. Down the hall in this ground floor unit are the 2 large bedrooms, one with a walk-in closet. 

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