South Lake Tahoe Monthly Market Update, October 2020
The market seems to be slowing down a bit but inventory is still low and we're still experiencing a seller's market. 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 holiday season.
Our inventory is currently 60% lower compared to last year, and we have 65.5% more homes under contract 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 - October 2020$600,000
- Median Sales Price - October 2019$465,000
- Number of Homes Sold - October 202094
- Number of Homes Sold - October 201981
- New Listings - October 202086
- New Listings - October 201954
- Total Number of Homes on the Market - October 202097
- Total Number of Homes on the Market - October 2019241
- Number of Homes Under Contract - October 202096
- Number of Homes Under Contract - October 201958
- Average Days on the Market - October 202050
- Average Days on the Market - October 201983
- Number of Foreclosure Homes on The Market - October 20201
- Number of Foreclosure Homes on The Market - October 20191
- Number of Short Sale Homes on The Market - October 20200
- Number of Short Sale Homes on The Market - October 20191
This Month’s Must See Home for Sale
The choice for October's must-see home of the month is 1763 Arrowhead Ave. This property was built in 2004 and it features 3 Bedrooms / 2.5 Bathrooms / 1,992 Sq Ft / 2 Car Garage. This lovely 3bd/2b home backs non buildable lots. A 2- car garage has a rollup door for backyard entrance. Both front and back has beautiful native landscaping with drip lines for easy maintenance. Other amenities include 2 sheds in back, 50yr comp roof, fiber cement siding, High efficiency furnace, heated garage and more. Downstairs living with 2 living areas and 3 bedrooms and 2 baths upstairs.
This Month’s Most Expensive Home for Sale
The most expensive new listing that entered the market this month was 2611 Copper Way, listed at $3,795,000. This home was built in 2018 and it features 10 Bedrooms / 10 Bathrooms / 7,278 Sq Ft / 3 Car Garage. With over 7000sf of living space, 10 bedrooms, 10 bathrooms, indoor pool, theater, game room, and a huge great room you may never want to leave. The game room is complete with your own sports bar including a pool table, shuffle board, fireplace, 4 TVs and deck access. The pool room includes space to lounge as well as a TV, sauna and private bathroom. An 18 seat theater with full surround sound is the perfect spot to relax and enjoy a private screening . Upstairs, a gourmet kitchen features 2 huge islands, a commercial style range and extensive cabinetry. The adjacent great room boasts soaring 20' ceilings, and a loft above with an additional wet bar and TV area. 8 of the bedrooms are suites allowing for great privacy.
This Month’s Least Expensive Home for Sale
The least expensive new listing that entered the market this month was 3675 Primrose Ave, listed at $285,000. This property was built in 1947 and it features 2 Bedrooms / 1 Bathroom / 798 Sq Ft. Conveniently located close to the action of Heavenly Village, Heavenly Gondola, casinos, restaurants & Van Sickle park this small but efficient two bedroom, one bath cabin is ready to come back to life. New carpet in the living room, stairs and bedrooms but the house will need your TLC to become a home. Enjoy plenty of parking, fenced back yard, covered patio with paver stones & storage shed.
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