South Lake Tahoe Monthly Market Update, October 2021
The housing market is picking up. Inventory remains low, and buyer demand is still high. Combined with low interest rates, our market continues to be competitive and listings have been selling at a fast pace.
In October our current inventory was approximately 18% less compared to the same month last year. Overall, the housing inventory is about 73% lower than prior years, pre-pandemic. There were 76 new listings coming up on the market last month, compared to 150 new listings in October last year. The median sales price is up 8% compared to the same month last year, while the number of closed sales was down 55% due to the lack of inventory.
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Avg Days on Mkt
Stats Comparison from a Year Ago
South Lake Tahoe CA
- Median Sales Price - October 2021$604,000
- Median Sales Price - October 2020$560,000
- Number of Homes Sold - October 202153
- Number of Homes Sold - October 2020117
- New Listings - October 202176
- New Listings - October 2020150
- Total Number of Homes on the Market - October 2021107
- Total Number of Homes on the Market - October 2020130
- Number of Homes Under Contract - October 202167
- Number of Homes Under Contract - October 2020109
- Average Days on the Market - October 202172
- Average Days on the Market - October 202051
- Number of Foreclosure Homes on The Market - October 20210
- Number of Foreclosure Homes on The Market - October 20201
- Number of Short Sale Homes on The Market - October 20210
- Number of Short Sale Homes on The Market - October 20200
This Month’s Must See Home for Sale
The choice for October's must-see home of the month is 1393 Wildwood Ave, listed at $2,200,000. This property was built in 2012 and it features 6 Bedrooms / 6 Bathroom / 4,329 Sq Ft. The beautiful use of natural wood and stone have created this majestic mountain lodge. This home is located just below Heavenly Valley's Cal Base lodge, a perfect location for the family that loves to ski. Up the stairs you enter the vast great room and with the soaring stone fireplace surround. The well appointed kitchen features granite counters and stainless steel appliances. Two sliders give you access to the covered deck, the gas fireplace accents both the deck and the living room. There are 3 guest suites on this level including the primary bath with spacious bath, gas fireplace and large walk in closet. The lower level starts with a large game room with gas fireplace full wet bar, home theater room and 3 suites each with a full bathroom.
This Month’s Most Expensive Home for Sale
The most expensive new listing that entered the market this month was 969-973 Lakeview Ave, 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. unique opportunity to purchase a legacy lakefront compound. New construction completed in 2020 with top quality design, finishes and amenities. 2 detached homes encompasing 11 Bedrooms, 12 bathrooms, over 8900sf, 120' lake frontage, 170' pier with boatlift and 4 private buoys. 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 439 Ala Wai Blvd #109, listed at $325,000. This condo was built in 1969 and it features 1 Bedroom / 1 Bathroom / 702 Sq Ft. Beautiful, charming 1 bedroom Tahoe Keys condo located within a prestigious neighborhood offering all the amenities to enjoy at your fingertips. Single story, easy access, open floor plan. Indoor & outdoor pool, tennis courts, park, clubhouse, private beach, harbor and your very own boat dock, #109, just steps away. Views off the patio of the mountains and a peek-a-boo view of the harbor from the front door.
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