South Lake Tahoe Real Estate for Sale and Sold Report, May 2016

The South Lake Tahoe housing market is currently steady. The inventory of homes is very low. As long as interest rates remain the same home prices should continue to slowly increase.

The Numbers Month to Month and Year to Year
– The median sales price for South Lake Tahoe, CA Homes for Sale was $409,500 in May 2016 compared to $454,000 during May 2015.
– The number of South Lake Tahoe, CA Homes that sold was 76 in May 2016 vs. 36 homes sold in May 2015.
– There were 131 new listings entering the market this month.
– There are 73 South Lake Tahoe, CA Homes for Sale that are under contract which represents 31% of the overall available inventory of 237 homes.
– Average days on the market: 88 days.
– From the 237 homes currently on the market, 1 of them is a foreclosure.

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 3717 Regina, selling for $2,900,000. This house features Luxurious amenities such as indoor swimming pool and home theater located near the base of Heavenly Valley Ski Resort! Complete with downstairs living with a spacious great room, custom heated hardwood floors, air conditioning, fireplace, granite, stainless steel appliances, and tankless water heater with on demand hot water. The heated driveway will make for enjoyable days of no snow removal. The lavish master suite has Bluetooth surround sound steam shower for you to relax after a long day of skiing.  This home is brand new!

This Month’s Least Expensive
The least expensive new listing that entered the market this month was 516 Emerald Bay Road listed for $119,000. This is a full size 1 bedroom , second floor condo with new carpeting and paint next to miles and miles of bike trails to camp Richardson and Fallen Leaf Lake make this an excellent getaway for someone looking for a low priced escape.  You can’t beat the amenities in this price range! Pool, spa, covered parking, and forest, no doubt the nicest condo complex west of hwy 89!  This condo was built in 1972. (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’. The home at 667 Tahoe Island Drive is this months winner. If you are looking for a property with a tranquil setting, yet close to all the conveniences of in-town living, this is it. Located in the quiet section of Tahoe Island Drive, this beautiful home backs to forest and the Tahoe Keys sailing lagoon. The entry features expansive windows and vaulted ceilings which provides an abundance of natural light . Downstairs you will find the kitchen, living and dining room combo, a separate den, bedroom/office, a large laundry room and half bath. Upstairs there are two master suites, one with its own sun deck. Each bathroom has been recently remodeled. Features include a tiled shower and shower/jetted tub combo. There is also plenty of outdoor space to enjoy. (schedule a showing)

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