According to the South Lake Tahoe Association of REALTOR’s Multiple Listing Services, there were 33 properties sold through the past 12 months (September 2015 through September 2016) in the Bijou 2 neighborhood. During the same period starting in 2014 there were 24 properties sold, a 37.5% rise in the last year.
Of the 33 homes sold in the past 12 months, the average home price was $323,714 the average home price this year went down 27.3% from $445,167 during 2015. The average days on the market was 126 days, compared to 109 days during 2015.
As for the list price to sold price ratio, the homes that sold in the Bijou Area during the past 12 months sold for an average of 96.5% of the original asking price. The list to sold ratio in 2015 was 97.0% of the original asking price.
There were less 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 6.2 months of inventory, a 23.5% decrease from 8.1 months of inventory for 2015.
There are currently 8 homes on the market within the Bijou 2 Neighborhood as of September 26th of 2016, 3 of which are in escrow. The price for the homes that are currently on the market range from $278,000 to $474,000. The average price per square foot is $250.50. The home listed for $278,900 is a 3 bedroom / 2 bath home with 1272 sqft built in 1951. The home listed for $474,000 is a 3 bedroom / 2 bath / 2 car garage property with 1742 sqft built in 2003.
Summarizing all this information for the Bijou 2 neighborhood it is apparent that compared to 2015, in the past 12 months we had a rise in sales despite a small decrease in the number of homes on the market. The average home price has fallen as well, which is great news for buyers!