Selling your Lake Tahoe home and don't know where to start?
Start Here!
Do you want content like this delivered to your inbox?
Share
Share

South Lake Tahoe Monthly Market Update, December 2022

Nanda & Jimmy Dozier

We are real estate agents servicing all the areas around Lake Tahoe, in both California and Nevada.Selling a home in today’s market can be challengi...

We are real estate agents servicing all the areas around Lake Tahoe, in both California and Nevada.Selling a home in today’s market can be challengi...

Jan 2 5 minutes read

The nation’s overall housing supply remains limited, as those who purchased homes in recent years at extremely low mortgage rates are staying put. This tight inventory has kept prices from seeing deeper declines, making homes still unaffordable for many, especially first-time homebuyers.

Even though home prices remain high year-over-year, they’re not as eye-popping as they were earlier this year. How far home prices dip in 2023 will likely depend on where mortgage rates go.

In South Lake Tahoe the median sales price is up 7% compared to the same month last year. The amount of homes sold in December is down 46% compared to a year ago. The number of homes on the market continues to be very low, hopefully we'll start seeing more listings coming up on the market in the Spring.

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 

December  2022

$665k

Median Price

25

New Listings

37

Homes Sold

78

Avg Days on Mkt

Stats Comparison from a Year Ago

South Lake Tahoe CA

  • Median Sales Price - December 2022
    $665,000
  • Median Sales Price - December 2021
    $620,000
  • Number of Homes Sold - December 2022
    37
  • Number of Homes Sold - December 2021
    68
  • New Listings - December 2022
    25
  • New Listings - December 2021
    29
  • Total Number of Homes on the Market - December 2022
    74
  • Total Number of Homes on the Market - December 2021
    82
  • Number of Homes Under Contract - December 2022
    33
  • Number of Homes Under Contract - December 2021
    37
  • Average Days on the Market - December 2022
    78
  • Average Days on the Market - December 2021
    57
  • Number of Foreclosure Homes on The Market - December 2022
    0
  • Number of Foreclosure Homes on The Market - December 2021
    0
  • Number of Short Sale Homes on The Market - December 2022
    0
  • Number of Short Sale Homes on The Market - December 2021
    0

This Month’s Must See Home for Sale

The choice for December's must-see home of the month is 706 Tehama Dr, listed at $572,000. This property was built in 1976 and it features 3 Bedrooms / 2 Bathrooms / 1,424 Sq Ft. Classic Tahoe chalet set on a boulder strewn .31 acre lot, with a Forest Service lot adjacent. As you enter the living room your eyes are drawn to the high vaulted ceilings. The setting makes you feel like you are deep in the woods. The main level includes the open kitchen, 2 bedrooms and a full bath. Upstairs is the third bedroom and second bath. This North Upper Truckee location is a favorite of locals and second home owners for the peaceful quiet settings. Perfect for those to that love to ski at Sierra at Tahoe, or know the back way into town for shopping and dining. There is access to miles of trails in the nearby Washoe Meadows State Park, or heading into the forest from the other end of the street. 

 

This Month’s Most Expensive Home for Sale

The most expensive new listing that entered the market this month was 1938 Osage Cir, listed at $1,398,000. This home was built in 2007 and it features 6 Bedrooms / 4 Bathrooms / 3,384 Sq Ft / 3 Car Garage.  Designed with family and entertaining in mind, the home features open living with an imposing great room and walls of glass to frame the adjacent forest. Solid hickory floors combine with cedar lined ceilings, stone accents and Alder mill works to punctuate a classic Tahoe style. Two elevated decks provide treetop views while allowing ample space for outdoor entertainment, dining al fresco and hot tubbing. Each floor affords a balance of 3 bedrooms and 2 full baths, with the lower level delivering a family room with an option for gaming or cinema. Comfortable finishes and inviting decor were all carefully curated to provide a welcoming ambience and are included with the purchase. The 3-car garage and oversized driveway allocate generous room for guest parking or toys, while an unfinished basement area tenders added storage possibilities. 

 

This Month’s Least Expensive Home for Sale

The least expensive new listing that entered the market this month was 1223 Bonanza Ave, listed at $325,000. This property was built in 1965 and features 2 Bedrooms / 1 Bathroom / 841 Sq Ft. Fully upated with top of the line finishes Cote D'Azur ground floor condo. You'll love your brand new LVP flooring throughout; newly textured/painted walls and ceilings with recessed lighting and brand new dual pane windows. Your new open concept kitchen boasts new white shaker cabinets, black quartz counters, tile backsplash and brand new stainless steel appliances. Relax in your new bathroom with granite counters and newly tiled shower/bath. Fantastic turn-key starter home or investment property located next to the Bonanza Neighborhood Park.  

 

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