South Lake Tahoe Monthly Market Update, November 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 60% lower compared to last year, and we had 64% 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 - November 2020$580,000
- Median Sales Price - November 2019$426,450
- Number of Homes Sold - November 2020105
- Number of Homes Sold - November 201964
- New Listings - November 202058
- New Listings - November 201938
- Total Number of Homes on the Market - November 202092
- Total Number of Homes on the Market - November 2019229
- Number of Homes Under Contract - November 202072
- Number of Homes Under Contract - November 201966
- Average Days on the Market - November 202059
- Average Days on the Market - November 201992
- Number of Foreclosure Homes on The Market - November 20201
- Number of Foreclosure Homes on The Market - November 20191
- Number of Short Sale Homes on The Market - November 20200
- Number of Short Sale Homes on The Market - November 20190
This Month’s Must See Home for Sale
The choice for November's must-see home of the month is 1141 Stockton Ave. This property was built in 2021 and it features 3 Bedrooms / 2 Bathrooms / 1,747 Sq Ft / 2 Car Garage. Stylish, new rustic home located in the heart of South Lake Tahoe. This spacious custom build is situated on a corner lot providing ample sunlight and convenient access to the neighborhood's beautiful Meadow. Currently under construction by a well-known and respected local builder, this home will boast of a gourmet kitchen with quartz countertops, vaulted ceilings, gas fireplace with handcrafted mantle, and full fenced-in yard. Enjoy an open floor plan and deck perfect for entertaining or cozy nights. Don't miss out on this opportunity to own a new home centrally located near the area's best restaurants, biking trails and activities.
This Month’s Most Expensive Home for Sale
The most expensive new listing that entered the market this month was 703 Roger Ave, listed at $2,988,000. This home was built in 2008 and it features 6 Bedrooms / 5.5 Bathrooms / 6,841 Sq Ft / 9 Car Garage. This exclusive residence is the pinnacle of sophisticated with unparalleled luxury spread out over a lushly landscaped .59 acre private enclave. Multiple entrances include an electronic iron gated entry to a detached secondary garage with 1 of 2 guest units above that combines for a total of 9 heated car spaces that offers both boat & RV height options. Grand living spaces include a towering great room with a 2-story ledgestone fireplace, lower theater room & a 1,300sf night club style game room with full bar, billiards, LED computer controlled lighting and state of the art sound systems. Culinary creations are made easy in the strikingly sleek kitchen with Rosewood cabinetry and commercial appliances.
This Month’s Least Expensive Home for Sale
The least expensive new listing that entered the market this month was 3824 Figueroa Ln, listed at $295,000. This property was built in 1954 and it features 3 Bedrooms / 1 Bathroom / 856 Sq Ft. Strictly as is. Conveniently located walking distance to Heavenly Ski resort, casinos, gondola, schools, shopping centers, highways, and parks. Fixer-upper, perfect for investors.
Search Homes for Sale
See a list of all the properties that are currently for sale in South Lake Tahoe
What's My Home Worth?
Find out what your home is worth in today's market by requesting a home value report