South Lake Tahoe Real Estate for Sale and Sold Report, October 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 $415,000 in October 2016, compared to $353,000 during September 2015.
– The number of South Lake Tahoe, CA Homes that sold was 81 in October 2016 vs. 73 homes sold in October 2015.
– There were 44 new listings entering the market this month.
– There are 12 South Lake Tahoe, CA homes for sale that are under contract which represents 5.66% of the overall available inventory of 212 homes.
– Average days on the market: 123 days.
– From the 212 homes currently on the market, none 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 2214 Catalina Dr, selling for $1,472,500. This remodeled 3 bedroom, 3.5 bath Tahoe Keys gem is a MUST SEE! Overlooking 80 feet of water frontage, this contemporary home features an open floor plan and multiple entertaining areas including a family/game room that steps down to a spacious living area with wet bar, wood burning fireplace, chef’s kitchen, dining area and french doors that open to an oversized pavered entertaining area and terraced back yard with a large U-shaped dock and an over-water deck to relax and enjoy panoramic views of the waterway, Heavenly and Mt. Tallac. An expanse of windows & french doors create a bright and airy ambiance that sets this home apart. The Master suite with wall of glass opens to a deck with stunning views and also has a separate dressing area with dual vanities. Bedrooms two and three offer plenty of natural sunlight & share an outdoor deck and an oversized ensuite with custom stonework. Offered Fully Furnished. Luxury Awaits! This home was built in 1975. (schedule a showing).

This Month’s Least Expensive
The least expensive new listing that entered the market this month was 1909 B St listed for $268,888. This charming knotty pine cabin has been updated and well maintained and is currently used as a successful vacation rental. Selling fully furnished and tastefully decorated, this property is ideal for a weekend Tahoe getaway. The open living area has beautiful knotty pine walls, hardwood flooring, and gas stove with custom river rock and a timber mantle. The kitchen has a gas stove, tile flooring, and a built in dishwasher. The rear yard is fully fenced and includes a spacious wood deck with a covered hot tub, bar area, and a storage shed. There is also plenty of parking including room for a large boat or an RV. Do not miss out in this affordable opportunity to purchase a turn key cabin in Tahoe!  The property is 583sf and it was built in 1945.(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 2566 Copper Way is this month’s winner. Right Price. Right Time. Motivated seller said to price this home to move quickly. And we did. Don’t wait to check out this beautifully upgraded single story home in Montgomery Estates. Situated on a large lot and across from National Forest and Cold Creek, this is a location hard to beat. As soon as one steps through the front door, they will know they have found a home in move-in condition. Wood floors extend throughout the living area. The open fireplace is ideal for both ambiance and winter comfort. The kitchen features contemporary granite counters and stainless appliances. Down the hall one will find three bedrooms, including a master suite. Both baths feature granite counters, slate tile and newer cabinetry. Out back, one will enjoy plenty of elbow room within the large fenced yard. The garage and the large storage shed add extra room for all those Tahoe toys. Compare to others at this same asking price and you will know you have found a value hard to beat. With the affordable price and beautiful upgrades, it’s no wonder this home has been chosen for our ‘Must See Home of October”  (schedule a showing)

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