According to the South Lake Tahoe Association of REALTOR’s Multiple Listing Services, there were 16 properties sold through the past 12 months (May 2015 through June 2016) in the neighborhood of Christmas Valley 1. During the same period starting in 2014 there were 8 properties sold.
Of the 16 homes sold in the past 12 months, the median home price was $397,500, the median home price this year went up 7.3% from $370,500 during 2015. The average days on the market was 97 days, compared to 70 days during 2015.
As for the list price to sold price ratio, the homes that sold in Christmas Valley 1 during the past 12 months sold for an average of 97.6% of the original asking price. The list to sold ratio in 2015 was 98.6% of the original asking price.
There were more 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 3.6 months of inventory, 24.1% more than 2015 that had a supply of 2.9 months worth of inventory.
There are currently 6 homes on the market within the Christmas Valley 1 area as of June 3rd of 2016, 3 of which are in escrow. The price range for the homes that are currently on the market range from $389,000 to $1,995,000. The average price per square foot is $344.33. The home listed for $389,000 is a 3 bedroom/2 bath home with 1,572 sqft built in 1970. The home listed for $1,995,000 is a 5 bedroom/3 bath property with 3,691 sqft built in 1966.
Summarizing all this information for the neighborhood of Christmas Valley 1 it is apparent that compared to 2015, in the past 12 months we had more sales and there were more homes on the market. The median home price grew quite a bit from the previous year.