Monthly Market Update, September 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 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 or next year.
Avg Days on Mkt
Stats Comparison from a Year Ago
South Lake Tahoe CA
- Median Sales Price - September 2019$482,000
- Median Sales Price - September 2018$435,000
- Number of Homes Sold - September 201954
- Number of Homes Sold - September 201847
- New Listings - September 201951
- New Listings - September 201861
- Total Number of Homes on the Market - September 2019253
- Total Number of Homes on the Market - September 2018233
- Number of Homes Under Contract - September 201971
- Number of Homes Under Contract - September 201876
- Average Days on the Market - September 2019103
- Average Days on the Market - September 201888
- Number of Foreclosure Homes on The Market - September 20190
- Number of Foreclosure Homes on The Market - September 20181
- Number of Short Sale Homes on The Market - September 20191
- Number of Short Sale Homes on The Market - September 20180
This Month’s Most Expensive Home for Sale
The least expensive new listing that entered the market this month was 26 Lighthouse Shores, listed at $5,250,000. This Tahoe Contemporary Lakefront home is situated within the gated Lighthouse Shores area of Tahoe Keys. Uniquely, this property has water on both sides AND its own boatdock! The 5 decks showcase vistas of the entire lake; the West Channel and Heavenly Valley. It has been beautifully remodeled and upgraded- the gourmet kitchen is an epicurian's delight. Additionally the home is detailed with hardwood floors; skylight; a fully functioning outdoor kitchen; a hot tub and private yard large enough for a volleyball game! All this and a white sandy beach! A perfect setting! This home was built in 1987 / 4 beds / 4 baths / 3792 Sq Ft.
This Month’s Least Expensive Home for Sale
The least expensive new listing that entered the market this month was 2566 Pinter Avenue, listed at $329,900. Updated and well maintained affordable Tahoe home! This cute and cozy cabin is centrally located close to shopping, the lake, and the resorts. The open living area has durable laminate flooring and charming pine accents. The kitchen has custom concrete countertops, a gas range, recessed lighting, and a pantry. The bathroom has been redone with a newer vanity, new fixtures, and a tub/shower combo. The laundry room has built in cabinets and includes a front loading washer and dryer. The back deck was built about 3 years ago with cable railings and is wired for a hot tub. There is boat/rv access through the side gate and there are 2 sheds with plenty of storage in the fully fenced yard. This clean home is a must see! This home was built in 1961 / 2 beds / 1 baths / 936 Sq Ft.
This Month’s Must See Home for Sale
The choice for August’s must-see home of the month is 1170 Timber Lane. Welcome to one of Tahoe Tyrol's classic chalet boasting one of the most desirable floor plans in the neighborhood. This super clean and well maintained home features 3 bedrooms plus a loft, 2 baths, soaring vaulted ceilings and spacious open living perfect for entertaining. Step outside the living room onto the big deck ideal for BBQ's or dining al fresco. Huge downstairs bedroom could have many uses, right now it's used as a family/game room. But you can also turn it into extra sleeping area, a home theater or a large hobby room. Perennial flower garden blooms every summer in the front yard for great curb appeal. Tahoe Tyrol's amenities include pool, spa, and clubhouse deck all with a lake view setting. Centrally located less than 5 minutes from Heavenly Ski Resort, The Village, and the casino corridor. Close to hiking/biking trails and the Van Sickle Bi-State Park. This home has been loved and enjoyed by the same family for nearly 20 years and their care shows throughout. This home was built in 1979 / 3 beds / 2 baths / 2 Car Garage / 2251 Sq Ft.
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