Monthly Market Update, February 2019!
The South Lake Tahoe housing market has been steady. The inventory of homes is currently low, but the inventory should start increasing as we get closer to Spring and Summer. With the recent changes in the Vacation Rental Rules, we are unsure of how that will affect the Housing Market over the next few months.
Avg Days on Mkt
The Numbers Month to Month and Year to Year
– The median sales price for South Lake Tahoe, CA Homes for Sale was $539,000 in February 2019, compared to $487,000 during February 2018.
– The number of South Lake Tahoe, CA Homes that sold in February 2019 was 27, and 31 homes sold in February 2018.
– There were 35 new listings entering the market this month.
– There are 34 South Lake Tahoe, CA homes for sale that are under contract which represents 30% of the overall 180 available inventory of homes for sale.
– Average days on the market: 107
– From the 180 homes for sale during February 2019, 2 of them were a foreclosure and 0 of them was a short sale.
A few highlights of the current South Lake Tahoe, CA Homes for Sale are shown below.
This Month’s Most Expensive Home for Sale
The most expensive new listing that entered the market this month was 3633 Tamarack Avenue, selling for $1,449,000. Magnificent Mountain Log Property, Structure was Designed and Built so that it could be Used as One Huge Property by Opening up the Adjoining Wall, Or, as Two Semi-Detached Properties. This Property is Zoned Commercial, in the Ski Run Commercial Corridor. TSC-MUC, Tourist Center Mixed Use. Some of the allowed uses are: Bed and Breakfast, Hotel, Motel, Time Sharing, Tourist Accomodation, daycare, Professional Office, Health Facility, and Many Other Uses. This Property is in a Super Location in the Ski Run Commercial Corridor on the way to Heavenly Ski Resort, walking distance to the Lake, Marina, Restaurants, Shops, and soon Whole Foods Market and Shops. Casinos are 5 minutes away. The Log Home Atmosphere is in every part of this Custom Property Built to last Generations. Don't miss the Opportunity for Income and Life in Beautiful Lake Tahoe. This home was built in 2005 / 8 beds / 6 baths / 4386 Sq Ft.
This Month’s Least Expensive Home for Sale
The least expensive new listing that entered the market this month was 2609 Rose Avenue, listed for $355,000. All the major projects have been done for you in this super clean starter home located in Tahoe Sierra. New paint and durable flooring throughout. The remodeled kitchen includes stainless steel appliances, a more functional layout and new cabinetry. Along with the two decently sized bedrooms there is a bonus room off the kitchen that would make a great home office, dining area or den. The roof has a multitude of years left in it and the garage is spacious enough for a vehicle and storage. Partial landscaping in both the front and back avail you an opportunity to add your personal touch. Central location with quick access to everything Tahoe has to offer. This home was built in 1960 / 2 beds / 1 bath / 921 Sq Ft.
This Month’s Must See Home for Sale
The choice for September's must-see home of the month is 1220 Beecher Avenue. Location, location, backing Conservancy land and about 50 yards to the Truckee river, ideal for all your outdoor activities. This cute and cozy home offers 3 bedrooms, 3 baths, nice deck and patio to enjoy the summer afternoons & evenings, 2018 roof and foundation and more. 3rd bedroom has it's own entrance from outside with it's own bathroom and small sitting area with heater. This home was built in 1960 / 3 beds / 3 baths / 1268 Sq Ft.