South Lake Tahoe Real Estate for Sale and Sold Report, November 2016

The South Lake Tahoe housing market is currently steady. The inventory of homes is lower than last year, however 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 $450,000 in November 2016, compared to $373,500 during September 2015.
– The number of South Lake Tahoe, CA Homes that sold was 59 in November 2016 vs. 46 homes sold in November 2015.
– There were 58 new listings entering the market this month.
– There are 13 South Lake Tahoe, CA homes for sale that are under contract which represents 4.87% of the overall available inventory of 267 homes.
– Average days on the market: 88 days.
– From the 267 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 869 Lakeview Ave, selling for $1,440,000. Picture Yourself At Home In The Mountains, Living On Lake Tahoe- This Charming 4 Bed/3 Bath 2,030 sq. ft. LakeFront Home Has Been Completely Remodelled Including Stainless Steel Appliances, Wet Bar, New Flooring, Roof, Paint. Majestic Views of The Lake & Mountains From the Master Suite Balcony As Well As The Kitchen, Dining Area, Game Room, Living Room & Back Yard. Friends & Family Will Enjoy Front Row Seats To 4th of July Fireworks In Your Own Large Backyard On The Beach! And In Winter They Can Enjoy Watching the Snow and Visiting By The Living Room Fireplace. Located Close to Heavenly, The Village, & Casinos You Are Only Minutes Away From Tahoe’s Finest Indoor & Outdoor Activities. Motivated Seller Offering Best Value On The Lake. This home was built in 1952. (schedule a showing).

This Month’s Least Expensive
The least expensive new listing that entered the market this month was 2573 Armstrong Ave listed for $249,900. Great opportunity to buy AS IS and make this your own. Some construction has been completed. Large home for the price. Seller will consider carry back for a short time.  The property is 1536sf and it was built in 1964.(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 539 Wintoon is this month’s winner. Unrivaled in its distinctive architecture and thoughtful blend of rustic and modern overtones this custom-built home offers the very best in sophisticated mountain living. Offering filtered views of Echo Summit and the Angora Ridgeline, this considerable county parcel is a short stroll to the National Forest where recreation abounds. A classic covered front porch graciously rolls into the spacious stone entry then steps down to a warm and inviting lower family room. The main level presents an open floor plan with soaring ceilings that extend from the great room’s ledge stone fireplace through the well appointed gourmet kitchen. Sharing the upper floor is an expansive Master Suite complete with bay window, built-in entertainment, walk-in closet and a lavish bath. The large drive and 3-car garage provide plenty of parking and room for the toys. Designed with a timeless elegance and the sum of the builder’s remarkable efforts, this striking residence will be enjoyed for generations. The spaciousness and class utilized to build this home makes this our best pick for “Must See Home of November”  (schedule a showing)

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