South Lake Tahoe Monthly Market Update, September 2021
As I type the September's Market Update Report, the Caldor Fire is about 90% contained. This past week we've seen a lot of new listings coming up on the market. I believe this is just the inventory that was being held back for the past few weeks while the Caldor fire was very active and evacuation orders were in effect. The market is still active but a little softer than a couple of months ago.
In August our current inventory was approximately the same amount as it was in the same month last year. However, that's still about 60% lower than prior years, pre-pandemic. There were only 43 new listings coming up on the market last month, compared to 150 new listings in September last year. The median sales price in August was up 25% compared to the same month last year, while the number of closed sales was down 65% .
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Avg Days on Mkt
Stats Comparison from a Year Ago
South Lake Tahoe CA
- Median Sales Price - September 2021$749,000
- Median Sales Price - September 2020$599,000
- Number of Homes Sold - September 202146
- Number of Homes Sold - September 2020133
- New Listings - September 202143
- New Listings - September 2020150
- Total Number of Homes on the Market - September 2021112
- Total Number of Homes on the Market - September 2020153
- Number of Homes Under Contract - September 202137
- Number of Homes Under Contract - September 2020118
- Average Days on the Market - September 202169
- Average Days on the Market - September 202052
- Number of Foreclosure Homes on The Market - September 20210
- Number of Foreclosure Homes on The Market - September 20201
- Number of Short Sale Homes on The Market - September 20210
- Number of Short Sale Homes on The Market - September 20200
This Month’s Must See Home for Sale
The choice for September's must-see home of the month is 794 Stanford Ave. This property was built in 1962 and it features 2 Bedrooms / 1 Bathroom / 912 Sq Ft. Walk to the Regan Beach and the Barton Meadow from this charming two bedroom home located in the highly sought-after Al Tahoe neighborhood. This single story home features numerous upgrades including laminate wood flooring, double pane windows, doors, a newer forced air gas system, and a fully remodeled bathroom. The living room is centered around the inviting gas fireplace and is ideal for hanging out following a day in the Sierra. The dining area is open to the living room as well as the kitchen. The kitchen offers plenty of counter space, a gas range and cabinetry. Step from the kitchen out to the covered carport and deck which leads to the spacious fenced backyard.
This Month’s Most Expensive Home for Sale
The most expensive new listing that entered the market this month was 973 Lakeview Ave, listed at $6,950,000. This home was built in 2020 and it features 5 Bedrooms / 5.5 Bathrooms / 4,404 Sq Ft / 3 Car Garage. Rare ultra-custom lakefront new build boasting panoramic views and a 170' pier and 2 buoys. As you approach from the street you are greeted by a custom pivot gate opening to a heated driveway. The downstairs living floor plan boasts 10 foot ceilings and floor to ceiling windows capturing amazing views across the lake. The gourmet kitchen features a custom quartzite waterfall island and all Thermador professional appliances and extensive custom cabinetry. A ground floor suite looks out to the lake and has its own expansive bathroom, Upstairs, the central game room includes a 2nd wet bar and leads the separate media room. Facing the lake are 3 additional bedroom suites.
This Month’s Least Expensive Home for Sale
The least expensive new listing that entered the market this month was 874 Glorene Ave, listed at $299,000. This home was built in 1959 and it features 0 Bedroom / 1 Bathroom / 456 Sq Ft. Unique re-development opportunity available for all builders. Large level lot with a TRPA site assessment on file showing 4,703sf of Allowed Coverage. There is an existing structure (old cabin) built in 1959 that buyer can improve or start fresh with a new build. Utilities are turned off. Located near Camp Richardson Resort, South Shore's beaches, dining, bike paths and Tahoe Mountain for mountain bike riding and close proximity to world class ski resorts.
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