The South Lake Tahoe housing market has been 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 $400,000 in 2016, compared to $350,000 during 2015.
– The number of South Lake Tahoe, CA Homes that sold was 755 in 2016 vs. 686 homes sold in 2015.
– There were 811 new listings entering the market this year.
– There are 46 South Lake Tahoe, CA homes for sale that are under contract which represents 23.83% of the overall available inventory of 193 homes.
– Average days on the market: 121 days.
– From the 193 homes listed for 2016, 18 of them were foreclosures and 10 of them were short sales.
A few highlights of the current South Lake Tahoe, CA Homes for Sale are shown below.
This Year’s Most Expensive
The most expensive new listing that entered the market this year 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 and is a 4 bedroom / 5 bath home. (schedule a showing).
This Year’s Least Expensive
The least expensive new listing that entered the market this year was 3894 Pioneer Trl listed for $225,000. Unique contractor special located in Plan Area 092 – Pioneer/Ski Run. This cabin has been used for a variety of commercial/office uses for many years. Interior has been stripped to a shell awaiting finishing touches for residential or commercial use. Located within walking distance to all the action at Stateline and close to the entry point of the proposed loop road. Bring your creative ideas and turn this property into your ideal Tahoe getaway or business! This property is 5009sf and was built in 1954.(schedule a showing)
This Month’s Must See
Throughout 2016 the South Lake Tahoe Real Estate Market has been inundated with listing after listing of beautiful homes. This presented quite the challenge for picking the must see home of the year. The home at 937 Mule Deer is truly a sight to behold and is selling for $499,000. Who doesn’t love a house with a game room and pool table? Sitting on a substantial county lot, this residence has been meticulously maintained and offers a premium of entertainment options spread over 3 spacious levels. The main level features a sunken living room with a stone encased open fireplace and a vaulted, open-beam ceiling with knotty pine finish. Adjacent you’ll enjoy an island style gaming area complete with a backlit palapa and pool table. For the chef a large galley style kitchen tenders updated stainless appliances and ample counter space. The lower floor offers a full bar and lounge setting with custom fiber optic lighting and an impressive sound system. From there the fun rolls out to a private patio area complete with hot tub, gas fire pit, BBQ and teak patio set. Of the 3 generous bedrooms, the Master Suite sits elevated on the upper floor with an open, European style bath with jetted tub, stall shower & dual vanity. A mechanic’s dream garage has a classy tile finished floor, car lift, space heater and much more. This newly updated home is innovatively decorated, spacious, and the perfect vacation home! The spaciousness and class utilized to build this home makes this our best pick for “Must See Home of November” (schedule a showing)