According to the South Lake Tahoe Association of REALTOR’s Multiple Listing Services, there were 18 properties sold through the past 12 months (September 2015 through September 2016) in the Christmas Valley 2 neighborhood. During the same period starting in 2014 there were 27 properties sold, a 33.3% decline in the last year.
Of the 18 homes sold in the past 12 months, the average home price was $506,317 the average home price this year went up 18.2% from $428,255 during 2015. The average days on the market was 76 days, compared to 82 days during 2015.
As for the list price to sold price ratio, the homes that sold in the Christmas Valley 2 Area during the past 12 months sold for an average of 98.3% of the original asking price. The list to sold ratio in 2015 was 97.8% of the original asking price.
There was one less home 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 2.9 months of inventory, a 25.6% decrease from 3.9 months of inventory for 2015.
There are currently 17 homes on the market within the Christmas Valley 2 Neighborhood as of September 21st of 2016, 8 of which are in escrow. The price for the homes that are currently on the market range from $224,900 to $1,580,000. The average price per square foot is $278.05. The home listed for $224,900 is a 2 bedroom / 2 bath / 2 car garage home with 960 sqft built in 1976. The home listed for $1,580,000 is a 5 bedroom / 4 bath / 4 car garage property with 4054 sqft built in 2011.
Summarizing all this information for the Christmas Valley 2 neighborhood it is apparent that compared to 2015, in the past 12 months we had a rise in sales despite a small decrese in the number of homes on the market. The average home price has risen as well, indicating a good stable market for this area.