According to the South Lake Tahoe Association of REALTOR’s Multiple Listing Services, there were 62 properties sold through the past 12 months (April 2015 through May 2016) in the neighborhood of Bijou 1. During the same period starting in 2014 there were 50 properties sold.
Of the 62 homes sold in the past 12 months, the median home price was $284,500, the median home price this year went down 0.2% from $258,000 during 2015. The average days on the market was 100 days, compared to 91 days during 2015.
As for the list price to sold price ratio, the homes that sold in Bijou 1 during the past 12 months sold for an average of 97.7% of the original asking price. The list to sold ratio in 2015 was 96.6% of the original asking price.
There were less homes for sale on the market in the past 12 months compared to the same period in 2015. The month supply in the past 12 months was 3.9 months of inventory, 18.8% less from 2015 that had a supply of 4.8 months worth of inventory.
There are currently 20 homes on the market within the Bijou 1 area as of May 25th of 2016, 9 of which are in escrow. The price range for the homes that are currently on the market range from $99,900 to $825,000. The average price per square foot is $288.08. The home listed for $99,900 is a 2 bedroom/1 bath home with 1,091sqft built in 1960. The home listed for $825,000 is a 4 bedroom/3 bath/3 car garage property with 2,953sqft built in 2005.
Summarizing all this information for the neighborhood of Bijou 1 it is apparent that compared to 2015, in the past 12 months we had more sales however, there were less homes on the market. The median home price went down a tiny bit from the previous year.