MARKET REPORTS Category
There was actually something new with the real estate figures for the month of October in South Lake Tahoe. For months it's been sales up, median price up, new listings down as well as a declining number of South Lake Tahoe homes for sale. In October, most of those statements held true except for one major one we look at, "Median Sales Price." The median sales price for homes sold during the month is down from homes sold the previous month. In...Continue Reading!
There are many home buyers looking for homes for sale in Lake Tahoe, and we're also seeing many home sellers as well. I'm getting more phone calls and website inquires than I have had in many years! Median Sales Price of Closed Sales in South Lake Tahoe When looking at the month of June you'll see that real estate sales figures have remained pretty much the same when compared to May. These are closed sales, so the homes that are selling now...Continue Reading!
With warmer weather in Lake Tahoe we're starting to see home buyers coming by for a visit as well as many more home sellers than we've seen in recent years. Median Sales Price and Closed Sales of Homes Sold in South Lake Tahoe The median sales price of homes sold continues to climb. In May, this price was $340,000, bringing the 12 month average to $325,500. Our low median was $197,500 in February of 2012 and it's been climbing ever since. Closed sales...Continue Reading!
Even though the seasons in Lake Tahoe changed in April, the home sale's figures didn't change too much from those in the prior month. We're seeing a stabilization of closed sales, median sales price and many other metrics that I analyze. When compared to the prior year, we're seeing more signs of a continuing recovery of the housing market in South Lake Tahoe. Median Sales Price and Closed Sales of Homes Sold in South Lake Tahoe There were 57 closed sales in April...Continue Reading!
In South Lake Tahoe real estate terms, March was much of the same when looking at the figures of home sales over the last year. Median Sale Price and Closed Sales of Homes Sold in South Lake Tahoe Over the past 12 months, the median price of homes in South Lake Tahoe, CA sold leveled off at $320,000, but that's still 25.5% over last year's average of $255,000. For the month of March, 2014, the median rose to $365,000 (this reflects homes...Continue Reading!
2014 is starting out to be another good year in Lake Tahoe real estate! Statistics show that the new year started off just as the old year wrapped up. The median price is up, closed sales are leveling off and the number of homes in Lake Tahoe for sale is down. The one fact that differs from the end of 2013 are new listings. The number of homes entering the market in South Lake Tahoe dropped steadily from May through December, but...Continue Reading!
The real estate market in South Lake Tahoe continues to show strong numbers, no matter which set of figures you look at. What was especially high in October was the median price of homes sold. Median Sales Price Continues to Rise The median sales price for homes that closed in October, 2013 was $350,000, which makes it the highest month since March of 2009. For the past year the median sales price of homes sold in South Lake Tahoe was $309,450, up...Continue Reading!
The real estate market in South Lake Tahoe continues to show strong numbers, no matter which set of figures you look at. With more homes coming on the market one would expect a higher inventory of homes for sale, but that isn't the case. Median Sales Price Continues to Rise The median sales price for homes that closed in August, 2013 was $301,000, which caps off thirteen straight months of continued price increases. For the past year the median sales price of...Continue Reading!
The Tahoe Keys neighborhood of South Lake Tahoe has always been one of the most popular areas to invest in real estate. If my buyers tell me that they are interested in getting the highest income possible, I always recommend the Tahoe Keys for it's vacation rental income potential. Tahoe Keys property owners experience excellent rental income in the summer and decent income in the winter months. Tahoe Keys Real Estate Home sales in the Tahoe Keys are rebounding! We did see...Continue Reading!
As you may suspect the Lake Tahoe Real Estate market is hot! With buyer interest up 25% and a slight increase in homes getting listed, the result is a very active real estate market. Median price of homes sold continues to increase The median sales price for homes sold in the month of June of 2013 rose 49% from June of 2012 to $339,000 on the California side of South Lake Tahoe. The median price for the last 12 months was $275,000,...Continue Reading!