South Lake Tahoe Real Estate for Sale and Sold Report, August 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 $425,500 in August 2016, compared to $335,000 during August 2015.
– The number of South Lake Tahoe, CA Homes that sold was 83 in August 2016 vs. 71 homes sold in August 2015.
– There were 95 new listings entering the market this month.
– There are 90 South Lake Tahoe, CA homes for sale that are under contract which represents 3107% of the overall available inventory of 284 homes.
– Average days on the market: 66 days.
– From the 358 homes currently on the market, 3 of them are foreclosures.

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 2168 White Sands Dr, selling for $2,295,000.  Enjoy this rare White Sands 5 bedroom 4.5 bath home situated on an impeccably landscaped yard enclosed by a beautiful wrought iron fence. This spectacular and bright property features spacious living, an oversize upstairs Master suite, and downstairs, 2 large junior suites , 2 additional bedrooms and a family room. The 2 back decks provide for fabulous outdoor living with marvelous views. The boat dock sits in ample deep water with easy access to Lake Tahoe.  This home was built in 1989. (schedule a showing).

This Month’s Least Expensive
The least expensive new listing that entered the market this month was 2539 Knox St listed for $249,000. Why pay rent when you can own? Centrally located knotty pine accented cabin located in Tahoe Sierra.This little cutie offers a covered front porch with storage area and mud room. Living room, kitchen and one small bedroom with bath downstairs and upstairs offers a quaint two bedrooms with a half bath. Fenced in back yard with a shed. Recently painted exterior and updated downstairs bath this cabin is not to be missed. This home features 3 bedrooms and 2 bathrooms.  The property is 1,1080sf and it was built in 1947.(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 1695 Meadow Vale Dr is this month’s winner. A LOTTA house with LOTTA privacy & views. Those seeking a quiet location, spacious rooms, and mountain lodge ambiance with want to check out this home. The living room is massive with a large floor to ceiling rock hearth, open beam pine ceilings and lots of natural light. A half flight of stairs up leads into the formal dining area which in turn opens to the entertaining deck off of the right side of the home. The kitchen features is centrally located between the dining area, the breakfast bar and the laundry area. Down the hall are two guest bedrooms and a guest bath. The entire top floor is dedicated to a private master suite. With a newer roof, fresh paint and flooring throughout, this Tahoe home is ready for year round enjoyment now. As delightful as the indoor living will be, the surrounding outdoor beauty is a special treat. Conservancy lots on both sides as well as mountain views add to the overall charm.  With the affordable price and interesting layout, it’s no wonder this home has been chosen for our ‘Must See Home of August”  (schedule a showing)

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