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

The South Lake Tahoe housing market is currently steady. The inventory of homes is lower than last year. As long as interest rates remain the same home prices should continue to increase.

The Numbers Month to Month and Year to Year
– The median sales price for South Lake Tahoe, CA Homes for Sale was $390,500 in July 2016, compared to $313,000 during July 2015.
– The number of South Lake Tahoe, CA Homes that sold was 52 in July 2016 vs. 82 homes sold in June 2015.
– There were 114 new listings entering the market this month.
– There are 37 South Lake Tahoe, CA Homes for Sale that are under contract which represents 10.3% of the overall available inventory of 358 homes.
– Average days on the market: 94 days.
– From the 358 homes currently on the market, 1 of them is 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 2412 Cornice Ct, selling for $3,795,000. ‘Triptych’ is a one-of-kind spectacular 2016 Patterson custom built home with extraordinary views of Mt. Tallac, Cathedral Peak and Lake Tahoe. Over-the-top features and amenities throughout this 7,386 sq. ft. 3 story masterpiece. Level entry, elevator, 5 gas fireplaces, ‘Smart Home’, Lutron system, surround sound, central vacuum, Launchport charging/docking stations for tablets throughout, heated wood and stone floors and radon system. This is a brand new home built in 2016. (schedule a showing).

This Month’s Least Expensive
The least expensive new listing that entered the market this month was 2620 Bertha Ave listed for $189,000. Contractors special. Bring all offers. Home has second living room that could be used as a third room. This home features 2 bedrooms, 1 bathroom, and 1 car garage.  The property is 1,112sf and it was built in 1960.

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 1474 Keller Dr  #21 is this month’s winner. This condo has so much to offer, you will want to call it your home. On the first floor you will find a roomy master bedroom with a cozy fireplace and a spacious deck. Upstairs you will walk up to a bright living room that opens up to the kitchen. The space features high vaulted ceilings, open beams, a fireplace and another large deck overlooking the Heavenly Mountains. This condo is located just across the street from Heavenly Ski Resort. Enjoy your morning coffee at the deck while checking the snow conditions then walk up to the California Base lodge for a 1st world class skiing experience. This complex is centrally located, just a short drive from the lake, casinos, restaurants and other amenities. This is one of the few units in the complex that has a 2 car garage. That’s right, plenty space to store your skiing gear and all your Tahoe Toys while enjoying the convenience and low maintenance of being in a condo. Perfect location for your personal Tahoe getaway! This is a great little affordable condo, and you can’t beat the location!.  (schedule a showing)

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