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Lake Tahoe Real Estate: Homes sold on the Nevada side of Lake Tahoe

homes for sale on nevada side of lake tahoeThere were 6 South Lake Tahoe Nevada homes that closed escrow during the first half of the month, from December 1 to 15, 2012.  During the same period in November there were 9 homes sold.  To date, 157 homes on the Nevada side of Lake Tahoe have closed escrow.  In 2011, there were 130 homes during the same time period. There is still a lot of interest in Lake Tahoe homes for sale.

Overall you will continue to see numbers at a stronger pace than in recent years because few homes are being listed each week and closed sales are having fairly strong numbers.

South Lake Tahoe Nevada Homes Sold

Here is a list that closed escrow during the first 15 days of December along with their neighborhood, selling price and asking price (in parenthesis):

628 Alma Way, Zephyr Heights Neighborhood, $281,228  ($259,900) – Bank Owned

790 Bigler Court #A, Summit-Tahoe Village Neighborhood,  $317,000  ($ 329,000)

706 Tina Court,  Summit-Tahoe Village Neighborhood, $340,000  ($358,000)

278 Lark Circle, Cave Rock Neighborhood, $590,000  ($649,000)

2143 The Back Road, Glenbrook Neighborhood, $1,830,000  ($1,998,000)

2134 The Back Road, Glenbrook Neighborhood,  $2,235,000  ($2,250,000)

As you can see aboe, there aren’t many short sales or foreclosures for sale in South Lake Tahoe.  I’ve told buyers that they need to look at traditional sales as there have been some good deals and there just aren’t many short sales and foreclosed homes for sale.  Many homes are now seeing at, or above, asking price offers, as was the case this week.

These numbers will paint a clear picture in homes for sale on the Nevada side of Lake Tahoe:

As I’ve been discussing recently, home sales are up and inventory is down, and these numbers show that sales are normally moving at an accelerating pace. 13 homes closed escrow in September of 2011 while 14 closed in September 2012.  In October of 2011, 22 homes and in 2012, 20  November of 2011 saw 6 homes close escrow while November of 2012 there were. 22. Since fewer homes are sold on the Nevada side of South Lake Tahoe the current trends of increased sales in California won’t be as obvious.

There are currently 173 condos and homes for sale in South Lake Tahoe, NV.  But, of that number, 34 homes are already in escrow. The homes in escrow range from $99,000 to $4,500,000.

Here are 3 ways to get the best deals in South Lake Tahoe real estate

You can see by the above figures that homes are selling.  This is a great time to purchase a home in Lake Tahoe.  If you are looking to buy and want to get a head start on the  good deals, I suggest you do the following:

  1. Sign up for email notifications of the Lake Tahoe MLS new home listings.  You will be notified of homes coming on the market the moment they are listed.  You will know as soon as the agents know.
  2. Another way to find out about the Lake Tahoe real estate market is to sign up to receive my blogs via email.
  3. Receive my monthly newsletter.

Request more information on real estate in Lake Tahoe by contacting Dan Spano directly.


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