Here is the Monthly Real Estate Market Update for the Month of December, year of 2010 for the area of South Lake Tahoe.
As of December 31st we had a total of 345 Residential Properties in the Market, including single family and condos, with an average price of $591,423.
In that same group (Residential Properties including single family and condos), we had a total of 34 New Listings entering the Market in the month of December. The average price for new listings this month was $394,018, with an average price per square feet of $209.
From 345 Listings, 36 Properties went into escrow, 5 of them being a Short Sale. The average price for the homes that went into escrow this month was $360,561, with an average price per square feet of $217 and they were an average of 134 days in the market.
In December, 45 Homes were SOLD. The average sale price for the homes that were sold this month was $408,378 with an average price per square feet of $193 and an average of 207 days in the market.
Please feel free to contact me if you have any questions regarding this Market Update or if you want me to provide a Market Update specific to your neighborhood.