South Lake Tahoe Monthly Market Update, April 2023
The current real estate market is experiencing historically low levels of inventory, which is creating a highly competitive environment for buyers. With fewer homes available for sale, prices are holding up, and properties are selling quickly. For sellers who are thinking about listing their home this year, it's important to act sooner rather than later to take advantage of the current market conditions.
Buyers, please don't lose hope. Inventory is expected to increase late in the Spring and throughout the Summer. If you're looking for an specific type of property, just reach out to us and we can prospect for off-market properties that fit your criteria.
In South Lake Tahoe the median sales price is almost at the same level compared to the same month last year. The amount of homes sold in April is down 62% compared to a year ago. The amount of new listings coming up on the market in April of 2023 was down 51% compared to the previous year and inventory level is down 47% compared to 2022.
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 - April 2023$728,000
- Median Sales Price - April 2022$752,500
- Number of Homes Sold - April 202325
- Number of Homes Sold - April 202266
- New Listings - April 202338
- New Listings - April 202278
- Total Number of Homes on the Market - April 202356
- Total Number of Homes on the Market - April 2022105
- Number of Homes Under Contract - April 202332
- Number of Homes Under Contract - April 202248
- Average Days on the Market - April 202374
- Average Days on the Market - April 202240
- Number of Foreclosure Homes on The Market - April 20230
- Number of Foreclosure Homes on The Market - April 20220
- Number of Short Sale Homes on The Market - April 20230
- Number of Short Sale Homes on The Market - April 20220
This Month’s Must See Home for Sale
The choice for April's must-see home of the month is 1193 Golden Bear Trl, listed at $1,675,000. This property was built in 2023 and it features 5 Bedrooms / 4 Bathrooms / 3,101 Sq Ft / 2 Car Garage. Brand new construction with high end finishes throughout. This home is almost complete and ready for you to move in. The hardwood floors, Restoration Hardware light fixtures, Anderson windows, air conditioning, luxurious master suite with see-through fireplace and jetted tub give you the high-end mountain getaway experience you've always dreamt of. The chef's kitchen boasts a sprawling island with leathered granite waterfall countertops and a 48-inch range. This mountain masterpiece sits on the sunny side of the street in the sought after neighborhood of Montgomery Estates.
This Month’s Most Expensive Home for Sale
The most expensive new listing that entered the market this month was 969 - 973 Lakviw Av listed at $14,900,000. This home was built in 2020 and it features 11 Bedrooms / 12 Bathrooms / 8,957 Sq Ft / 6 Car Garage. 969 and 973 Lakeview provide a unique opportunity to purchase a legacy lakefront compound. Two detached homes encompassing 11 Bedrooms, 12 bathrooms, over 8900sf, 120' lake frontage, 170' pier with boatlift and 4 private buoys. New construction completed in 2020 with top quality design, finishes and amenities. Downstairs living floor plans with 8 lakefront suites, 2 media rooms, 2 game rooms, gated and heated driveways. Fully furnished with professionally designed interiors and decor.
This Month’s Least Expensive Home for Sale
The least expensive new listing that entered the market this month was 636 Tata Ln, listed at $359,000. This property was built in 1956 and features 1 Bedroom / 1 Bathroom / 900 Sq Ft. Rustic Gardner Mountain cabin located on an incredible 10,546 square foot lot just steps from miles of National Forest! This nostalgic one bedroom cabin has a ton of potential to either be fixed up, added onto, or even re-developed. TRPA has verified 3,246 square feet of on-site coverage per a site assessment that is currently on file. This one bedroom cabin is tucked back on a wooded 200' deep lot and has a serene and quiet setting. The open living area features hardwood flooring, a natural gas wall heater, and recessed lighting. The kitchen has a gas stove, a built-in dishwasher, and a breakfast bar with a granite slab counter. Just off of the bedroom is a laundry room/ storage area with convenient access to the backyard.
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