According to the South Lake Tahoe Association of REALTOR’s Multiple Listing Services, there were 34 properties sold through the past 12 months (May 2015 through June 2016) in the neighborhood of Gardner Mountain. During the same period starting in 2014 there were 32 properties sold.
Of the 32 homes sold in the past 12 months, the median home price was $334,500, the median home price this year went up 14.2% from $293,000 during 2015. The average days on the market was 82 days, compared to 66 days during 2015.
As for the list price to sold price ratio, the homes that sold in Gardner Mountain during the past 12 months sold for an average of 98.2% of the original asking price. The list to sold ratio in 2015 was 97.6% 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 3.7 months of inventory, 12.1% more than 2015 that had a supply of 3.3 months worth of inventory.
There are currently 11 homes on the market within the Gardner Mountain area as of June 6th of 2016, 5 of which are in escrow. The price range for the homes that are currently on the market range from $209,000 to $459,000. The average price per square foot is $326.31. The home listed for $209,000 is a 3 bedroom/1 bath home with 680 sqft built in 1962. The home listed for $459,000 is a 3 bedroom/2 bath/2 car carage property with 1,316 sqft built in 1982.
Summarizing all this information for the neighborhood of Gardner Mountain 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.