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South Lake Tahoe Monthly Market Update, January 2020

Nanda & Jimmy Dozier

We are a husband and wife team servicing the areas of South Lake Tahoe, West Shore, Lake Tahoe NV, North Lake Tahoe and Truckee.Selling a home in toda...

We are a husband and wife team servicing the areas of South Lake Tahoe, West Shore, Lake Tahoe NV, North Lake Tahoe and Truckee.Selling a home in toda...

Feb 1 3 minutes read

The South Lake Tahoe housing market has been steady. Homes are not selling too fast but they are not languishing on the market for months either. The inventory of homes should start increasing within the next few months. Mortgage interest rates are currently low, so hopefully that should help stimulate our market and maybe create opportunities for locals and first time home buyers.  

Stats Summary 

January 2020

$460k

Median Price

52

New Listings

31

Homes Sold

86

Avg Days on Mkt

Stats Comparison from a Year Ago

South Lake Tahoe CA

  • Median Sales Price - January 2020
    $459,950
  • Median Sales Price - January 2019
    $495,000
  • Number of Homes Sold - January 2020
    31
  • Number of Homes Sold - January 2019
    37
  • New Listings - January 2020
    52
  • New Listings - January 2019
    44
  • Total Number of Homes on the Market - January 2020
    136
  • Total Number of Homes on the Market - January 2019
    181
  • Number of Homes Under Contract - January 2020
    45
  • Number of Homes Under Contract - January 2019
    41
  • Average Days on the Market - January 2020
    86
  • Average Days on the Market - January 2019
    93
  • Number of Foreclosure Homes on The Market - January 2020
    1
  • Number of Foreclosure Homes on The Market - January 2019
    1
  • Number of Short Sale Homes on The Market - January 2020
    0
  • Number of Short Sale Homes on The Market - January 2019
    0

This Month’s Most Expensive Home for Sale

The most expensive new listing that entered the market this month was 3779 Beach Rd, listed at $3,500,000. This home was built in 1947 and it features 5 Bedrooms / 4 Bathrooms / 2,168 Sq Ft.  Lakefront property in the exclusive gated community of Tahoe Meadows. Only a short distance to the Casino corridor and a short walk to the Ski Run marina, and shops and restaurants. Kitchen remodeled approximately 10 years ago with granite counters and newer cabinets. Located right on the beach, at high water one can fish right off the deck! 


This Month’s Least Expensive Home for Sale

The least expensive new listing that entered the market this month was 2481 Fountain Ave, listed at $319,900. This home was built in 1952 and it features 3 Bedrooms / 1.5 Bathrooms / 1,334 Sq Ft / 2 car garage. Rustic Tahoe Cabin in good condition. All 3 bedrooms are located upstairs. Master has 1/2 bath and downstairs is a full bath. New counter tops and sanding of original wood floors would complete this home. Priced for a quick sale. Property is in a good location at the rear of the neighborhood and located on one of the larger area lots. Worth seeing if you are an investor looking for a fixer upper too.

Link not available *Call our office for more information.

This Month’s Must See Home for Sale

The choice for January's must-see home of the month is 880 Tahoe Keys Blvd. This home was built in 1958 and it features 3 Bedrooms / 1.5 Bathrooms / 1,138 Sq Ft / 2 Car Garage. Beautiful rancher on corner lot with conservancy lot adjacent. Tahoe keys is a convenient spot with shopping, dining, Lake Tahoe, boating, skiing and hiking. Larger lot close to 7000 sq/ft with newer fence. Storage unit in fenced backyard. 2-car garage fully insulated with newer overhead garage doors. Roof is 10 years young. Remodeled bath in 2019 and laundry room with 1/2 bath in 2013.

 

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