Monthly Market Update, August 2019!
The South Lake Tahoe housing market has been steady. Homes are not selling too fast but they are not languishing on the market for months either. The inventory of homes is should start decreasing within the next few months. With the recent changes in the Vacation Rental Rules, we are unsure of how that will affect the Housing Market this year. So far the market has been strong and it has shown no signs of decreasing activity or value.
Avg Days on Mkt
Stats Comparison from a Year Ago
South Lake Tahoe CA
- Median Sales Price - August 2019$489,000
- Median Sales Price - August 2018$479,250
- Number of Homes Sold - August 201957
- Number of Homes Sold - August 201868
- New Listings - August 2019109
- New Listings - August 201882
- Total Number of Homes on the Market - August 2019301
- Total Number of Homes on the Market - August 2018301
- Number of Homes Under Contract - August 201958
- Number of Homes Under Contract - August 201862
- Average Days on the Market - August 201969
- Average Days on the Market - August 201873
- Number of Foreclosure Homes on The Market - August 20192
- Number of Foreclosure Homes on The Market - August 20180
- Number of Short Sale Homes on The Market - August 20190
- Number of Short Sale Homes on The Market - August 20180
This Month’s Most Expensive Home for Sale
The most expensive new listing that entered the market this month was 2081 Tahoe Mountain Road, listed at $6,450,000. An artisan gate hints of the grandeur that awaits. As you begin your journey to the estate feelings of peace, seclusion, and awe are your companion. The tranquil courtyard showcases the architecture to perfection and hints of the grace that awaits. The great room features a stone fireplace whose mantle was cut from an indigenous cedar stand, stunning views , a masterfully designed kitchen and wine room. The main house offers spacious bedrooms, office, gym ( or fourth bedroom) and spectacular outdoor spaces. Guest house is utility and harmony personified. This home was built in 2016 / 4 beds / 4 baths / 3185 Sq Ft.
This Month’s Least Expensive Home for Sale
The least expensive new listing that entered the market this month was 1247 Heather Lake Road, listed at $290,000. This is a Tiny House on a large lot with huge potential being sold as is. Site Assessment done, 25% coverage on this 1/4 acre Redwood fenced parcel. Located 1 mile to the beach at Lake Tahoe, 1 mile to Heavenly Ski Resort and 1 mile to the downtown corridor. Sits on a cul de sac with a private subdivision well. Plenty of room for an RV and or boat. Buyer to verify the ability to develop property. This home was built in 1960 / 1 bed / 1 bath / 350 Sq Ft.
This Month’s Must See Home for Sale
The choice for August’s must-see home of the month is 1294 Pine Valley Rd. Create special memories in this one story rancher located on a very quiet street. Great for the outdoor enthusiast, walking distance to the popular biking/hiking trails of Power Line and Corral Trail. This home is very spacious and has a great layout. Walk into the living room and notice the beautiful wood floors and an a lovely wood burning fireplace. The clean and bright kitchen is updated with newer cabinets, bamboo floors, granite counter tops and stainless steel appliances. Kitchen faces the ample backyard w/ an oversized deck, perfect for entertaining. Imagine outdoor dinner parties or festive BBQ's w/ friends and family. Bedrooms are large and comfortable, the master bedroom has a walk-in closet. Updates include, a new roof, new carpets, new paint, updated bathroom and more. This home was built in 1989 / 3 beds / 2 baths / 2 Car Garage / 1515 Sq Ft.
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