South Lake Tahoe Monthly Market Update, May 2021
As we head towards the peak home buying season, the demand remains strong but the housing supply still lags behind. Buyers who are currently struggling to find a house are likely to see improvement in the number of listings available to them as more sellers list their houses for the spring buying season.
Our inventory is currently 47.5% lower compared to last year, and we had 179% more closed sales compared to the same month in 2020. There were 97 new listings coming up on the market this month. However, our inventory still remains at an all time low, because buyer's demand is extremely high and most homes are going pending as soon as they hit the market. The median sales price this month is up 18% from last year's.
If you are a homeowner thinking about selling your home this year, this is a good time to put your home on the market. 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 - May 2021$705,000
- Median Sales Price - May 2020$597,500
- Number of Homes Sold - May 202167
- Number of Homes Sold - May 202024
- New Listings - May 202197
- New Listings - May 2020114
- Total Number of Homes on the Market - May 2021106
- Total Number of Homes on the Market - May 2020202
- Number of Homes Under Contract - May 202165
- Number of Homes Under Contract - May 202079
- Average Days on the Market - May 202145
- Average Days on the Market - May 202093
- Number of Foreclosure Homes on The Market - May 20210
- Number of Foreclosure Homes on The Market - May 20201
- Number of Short Sale Homes on The Market - May 20210
- Number of Short Sale Homes on The Market - May 20200
This Month’s Must See Home for Sale
The choice for May's must-see home of the month is 1233 Timber Ln. This property was built in 1979 and it features 2 Bedrooms / 2 Bathrooms / 1,508 Sq Ft / 2 Car Garage. Located between Vail's Heavenly Resort World class Skiing and State Line exciting entertainment, restaurants and gaming. Just a 15 minute walk down from the Heavenly Resort Tram, 1.5 miles to Stateline, 4 miles to Nevada Beach at Round Hill. Upper level living with vaulted ceilings, and large deck on back with hot tub and peaceful forest setting. Filtered peek at beautiful Lake Tahoe from upper decks.
This Month’s Most Expensive Home for Sale
The most expensive new listing that entered the market this month was 2201 Catalina Dr, listed at $3,999,000. This home was built in 1990 and it features 5 Bedrooms / 6 Bathrooms / 3,887 Sq Ft / 2 Car Garage. This home features 4 en-suite bedrooms with 3 on the top level and one on the ground level. Downstairs living creates an easy flow from the living room and kitchen to the outdoor patio and the waterfront. Out back you will find a large yard with SANDY BEACH, over water party pad, oversize boat dock and forever VIEWS. Extensive landscaping featuring both hardscape and grass adorn the property.
This Month’s Least Expensive Home for Sale
The least expensive new listing that entered the market this month was 1391 Black Bart Ave, listed at $275,000. This property was built in 1959 and it features 3 Bedrooms / 1 Bathroom / 660 Sq Ft. Vintage Tahoe cabin located just steps from Trout Creek and meadow. This is a contractor's special ready for your ideas and upgrades. Located in El Dorado County with convenient access to Pioneer Trail and the heart of South Lake Tahoe.
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