The South Lake Tahoe housing market seems to be picking up. The inventory of home is still high but we’re seeing homes going into escrow more often, and some properties are starting to receive multiple offers..
The Numbers Month to Month and Year to Year
– The median sales price for South Lake Tahoe, CA Homes for Sale was $315,000 in July 2015 compared to $375,000 during July 2014.
– The number of South Lake Tahoe, CA Homes that sold was 77 in July 2015 vs. 57 homes sold in July 2014.
– There were 109 new listings entering the market this month.
– There are 114 South Lake Tahoe, CA Homes for Sale that are under contract which represents 31% of the overall available inventory of 371 homes.
– Average days on the market: 81 days.
– From the 371 homes currently on the market, 7 of them are distressed properties: 5 short sales and 2 foreclosures.
A few highlights of the current South Lake Tahoe, CA Homes for Sale are shown below.
This Month’s Most Expensive
The most expensive new listing that entered the market this month was 1340 Glenwood Way listed at $4,288,000. Magnificently set on a rare 8 acre estate property and offering distant views of Mt Tallac through towering pines is found a massive new residence. Warmed by radiant in-floor heating on solid surfaces of distressed hickory and natural stone. The lower floor caters to entertainment with an enormous indoor pool, rear projection home theater room w/ tiered seating and 1,000 sf game room w/ walk behind bar that sits 10 and rivals local restaurants. A stunning great room with cathedral, cedar lined ceilings is enhanced by a wall of arched top glass that leads to a covered 2nd story deck that extends some 90′ across the back of the home. A kitchen designed for royalty with a rarely seen commercial appliance package, hand hewn beams, alder cabinetry and slab granite. Truly without compare! This new construction home features, 9 bedrooms, 15 bathrooms, 5 car garage, 11,501sf of living area. (schedule a showing).
This Month’s Least Expensive
The least expensive new listing that entered the market this month was a condo at 2704 Osborne Ave listed at $189,000. Darling Tahoe Cabin perfect for your Tahoe Escape or for year round living. Lots of upgrades with bamboo flooring, granite kitchen counters, gas free-standing fireplace and double pane vinyl windows. Enjoy the extra feeling of space with a conservancy lot next door and the short Walk to the meadow and Trout Creek. This cabin features 2 bedrooms, 1 bathroom, 730sf of living space and it was built in 1958. (schedule a showing).
This Month’s Must See
There were some great South Lake Tahoe, CA Homes for Sale to consider for this month’s ‘Must See’.
A home at 625 Tahoe Island Dr is this month’s winner. Adding to the already quiet setting along the 600 block of Tahoe Island, this home also backs to acres of National Forest that lead directly to the lagoons along Venice Dr in the sought after Tahoe Keys. This lot also provides quick access to the bike trail along Emerald Bay road that leads to Camp Richardson Resort and some of the best beaches in Lake Tahoe. Finishes planned include a pleasant blend of stucco, cedar and stone along the exterior with a variety of luxury appointments on the interior such as distressed Hickory floors, 8′ Alder doors, Maple cabinetry and an abundance of natural stone. Beyond a stunning great room that opens to the kitchen and dining areas, owners will enjoy a massive lower family room that tenders a large wet bar. This new construction home features, 5 bedrooms, 3 bathrooms, 2 car garage, 3,055sf of living area and it’s currently listed for $825,000. (schedule a showing).