According to the South Lake Tahoe Association of REALTOR’s Multiple Listing Services, there were 30 properties sold through the past 12 months (May 2015 through June 2016) in the neighborhood of Country Club Estates. During the same period starting in 2014 there were 17 properties sold.
Of the 32 homes sold in the past 12 months, the median home price was $402,450, the median home price this year went down 3.9% from $419,000 during 2015. The average days on the market was 103 days, compared to 70 days during 2015.
As for the list price to sold price ratio, the homes that sold in Country Club Estates 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 95.7% 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 5.9 months of inventory, the same exact amount as 2015.
There are currently 17 homes on the market within the Country Club Estates area as of June 13th of 2016, 3 of which are in escrow. The price range for the homes that are currently on the market range from $299,888 to $1,499,000. The average price per square foot is $399.10. The home listed for $299,888 is a 2 bedroom/1 bath home with 992 sqft built in 1973. The home listed for $1,499,000 is a 6 bedroom/5 bath/4 car garage property with 5,395 sqft built in 2003.
Summarizing all this information for the neighborhood of Country Club Estates it is apparent that compared to 2015, in the past 12 months we had more sales but there were the same amount of homes on the market. The median home price fell a little bit from the previous year.