5 blogs to read before you list your home
Dig in
Do you want content like this delivered to your inbox?
Share
Share

South Lake Tahoe Monthly Market Update, September 2020

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...

Oct 3 5 minutes read

This is one of the hottest markets we've ever had in South Lake Tahoe. Listings are still coming up at a usual pace, however, they are going pending as soon as they hit the market. Therefore, low inventory and high demand are continuing to drive home values up.

We've seen a trend of home buyers wanting to leave the Bay Area and buy a home in Lake Tahoe when some of them realized that they can work from home and live anywhere. Therefore the demand for purchasing homes has been much higher than the previous year and the inventory is not catching up with the demand.

Our inventory is currently 57% lower compared to last year, and we have 60% 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.

Stats Summary 

September 2020

$597k

Median Price

144

New Listings

138

Homes Sold

54

Avg Days on Mkt

Stats Comparison from a Year Ago

South Lake Tahoe CA

  • Median Sales Price - September 2020
    $597,000
  • Median Sales Price - September 2019
    $497,000
  • Number of Homes Sold - September 2020
    131
  • Number of Homes Sold - September 2019
    62
  • New Listings - September 2020
    144
  • New Listings - September 2019
    60
  • Total Number of Homes on the Market - September 2020
    138
  • Total Number of Homes on the Market - September 2019
    320
  • Number of Homes Under Contract - September 2020
    120
  • Number of Homes Under Contract - September 2019
    75
  • Average Days on the Market - September 2020
    54
  • Average Days on the Market - September 2019
    82
  • Number of Foreclosure Homes on The Market - September 2020
    1
  • Number of Foreclosure Homes on The Market - September 2019
    1
  • Number of Short Sale Homes on The Market - September 2020
    0
  • Number of Short Sale Homes on The Market - September 2019
    1

This Month’s Must See Home for Sale

The choice for September's must-see home of the month is 546 Alpine Dr. This property was built in 1986 and it features 3 Bedrooms / 2.5 Bathrooms / 2,207 Sq Ft / 2 Car Garage. Majestically framed by mature 2 Blue Spruce trees lies your Tahoe Keys waterfront home complete w/oversized U-shaped dock your backyard. A large over-water deck complete with gas firepit & built-in rock bench for soaking in the view. Upstairs living features a spacious living room w/vaulted wood ceiling, modern rock-framed wood burning fireplace, cathedral glass windows allowing an abundance of natural light to flood the space and showcasing a gorgeous view of Mt. Tallac. Sliding glass doors allow access to deck and barbeque. An efficient open concept kitchen offers clean sight lines to the dinning/living room for entertaining. A generous master bedroom suite complete with double sinks, a shower & Jaccuzzi-style tub for a private spa escape. 

 

This Month’s Most Expensive Home for Sale

The most expensive new listing that entered the market this month was 2030 Marconi Way, listed at $3,195,000. This home was built in 2018 and it features 5 Bedrooms / 5.5 Bathrooms / 4,000 Sq Ft / 2 Car Garage.  New turnkey home on a prime end of the cul-de-sac lot in the Tahoe Keys. Mountain Modern architecture, 100' of waterfront, a new 40' boat dock, an overwater deck and views out across the wide lagoon are nearly impossible to duplicate. The downstairs living floor plan features a gourmet kitchen, sunken living room, walk behind wet bar, waterside dining room and one of 5 ensuite bedrooms. Upstairs are 2 waterfront masters both with deck access floor to ceiling windows and amazing views. Two more suites allow your guests comfort and privacy. 

 

This Month’s Least Expensive Home for Sale

The least expensive new listing that entered the market this month was a condo at 1223 Bonanza Ave #12, listed at $195,000. This condo was built in 1965 and it features 2 Bedrooms / 1 Bathroom / 812 Sq Ft. Spacious ground level condo just minutes from Lake Tahoe! Clean well-maintained unit with newer cooking stove/range. Great location for accessing restaurants and transportation. A rare value with reasonable HOA's at $213 per month covering hot water, snow removal, garbage and exterior maintenance. Parking for 1 car in the complex with additional overflow across the street. 

 

Search Homes for Sale

See a list of all the properties that are currently for sale in South Lake Tahoe

Search Now

What's My Home Worth?

Find out what your home is worth in today's market by requesting a home value report

My Home's Value
We use cookies to enhance your browsing experience and deliver our services. By continuing to visit this site, you agree to our use of cookies. More info