South Lake Tahoe Real Estate for Sale and Sold Report, September 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 $425,000 in September 2016, compared to $335,000 during September 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 94 new listings entering the market this month.
– There are 34 South Lake Tahoe, CA homes for sale that are under contract which represents 11.56% of the overall available inventory of 294 homes.
– Average days on the market: 90 days.
– From the 294 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 219 Beach Dr, selling for $6,800,000. Majestically perched on the point lot of Tahoe Keys, this unique island themed home views Lake Tahoe in its entirety. Nearly new Bali Beach is pristine and exceptional from its private gated entrance and waterfall to its own sandy beach. Constructed with exotic teakwood and mahogany, the home also has in-floor heating; state of the art electrical features; gourmet kitchen; 4 ensuite bedrooms; several lake view decks; a palapa shrouded tiki bar; and most impressive is an infinity style salt water spa! The incredible details of this home create the illusion of a South Sea Pacific setting, yet in reality you are within 10 minutes of ski areas, casino night life and a municipal airport. But wait there’s more. This home has a boat dock and all Tahoe Keys amenities including swimming pools and tennis courts. Truly a property that has it ALL!  This home was built in 2009. (schedule a showing).

This Month’s Least Expensive
The least expensive new listing that entered the market this month was 2268 Sky Meadows Ct listed for $195,000. Just steps to the meadow, and easy access to the river and Lake Tahoe. Charming Mountain style one bedroom one bathroom Sky Meadows condo in excellent condition! Delightful rustic touches throughout, knotty wood paneling,open concept kitchen and dining area. Enjoy the nice sunny deck to BBQ or just relax and look out at the meadow. This home features 1 bedroom and 1 bathroom.  The property is 995sf and it was built in 1980.(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 2180 Royal Ave is this month’s winner. Nestled amidst the pines in the desirable neighborhood of Tahoe Island Drive, is this 3 bedroom, 2 bath rancher. The spacious kitchen opens to the living and dining areas which is perfect for families and entertaining. The large flat lot is landscaped and fully fenced. Features include granite counter tops, corner gas fireplace with tile surround, separate laundry room, walk-in closet in the master bedroom, new carpet, flooring, interior paint, low e vinyl windows, wood blinds, and automatic sprinklers. Easy access to hiking and biking trails, skiing, shopping, beaches and Camp Richardson. Perfect for a family home or Tahoe Getaway! 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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