South Lake Tahoe Monthly Market Update, September 2020
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.
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 2020131
- Number of Homes Sold - September 201962
- New Listings - September 2020144
- New Listings - September 201960
- Total Number of Homes on the Market - September 2020138
- Total Number of Homes on the Market - September 2019320
- Number of Homes Under Contract - September 2020120
- Number of Homes Under Contract - September 201975
- Average Days on the Market - September 202054
- Average Days on the Market - September 201982
- Number of Foreclosure Homes on The Market - September 20201
- Number of Foreclosure Homes on The Market - September 20191
- Number of Short Sale Homes on The Market - September 20200
- Number of Short Sale Homes on The Market - September 20191
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.
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