Meyer’s neighborhood is one of the best places to live in Tahoe. Part of the reason for this is the great community here. The Meyers Community Foundation has done a great job of setting up events like winter clothes drives, community dinners, and fun runs like the upcoming OMG Fun Run. Couple this awesome community feeling with great people and beautiful views of Job’s Peak and Echo you really have a local’s paradise!
According to the South Lake Tahoe Association of REALTOR’s Multiple Listing Services, there were 38 properties sold through the past 12 months (March 2016 through March 2017) in the Meyers neighborhood. During the same period starting in 2015 there were 26 properties sold, so we saw a rise of 46.2%.
Of the 38 homes sold in the past year, the average home price was $382,842. The average home price this year rose steadily to 5.6% higher than last year at $362,519 during 2016. The average days on the market was 142 days, compared to just 110 days during 2016.
As for the list price to sold price ratio, homes in Meyers last year sold for an average of 98.5% of the original asking price. The list to sold ratio in 2016 was slightly lower at 96.7% of the original asking price.
Like most of the other neighborhoods in South Lake Tahoe, there were a less homes for sale on the market this year compared to the same period in 2016. The month supply last year was 2.7 months of inventory. This is a 58.5% decrease from the inventory for 2016 at 6.5.
There are currently 6 homes on the market within the Meyers Neighborhood as of March 20th of 2017, 4 of which are in escrow. Proving the desirability of this area. The price for the homes that are currently on the market range from $323,900 to $579,000. The average price per square foot is $284.56. The home listed for $323,900 is a 3 bedroom / 2 bath / 2 car garage home with 1080 sqft built in 1974. The home listed for $579,000 is a 4 bedroom / 3 bath / 2 car garage property with 2560 sqft built in 2006.
My pick of homes for this area is 1984 Paiute St. This 3 bedroom / 2 bath home comes in at a great price of $329,900 and has a huge lot with 5996 sqft! This home is not in escrow yet so make sure you don’t miss your chance to jump on this great opportunity!
Summarizing all this information for the Meyers neighborhood it is apparent that compared to 2016, in the past 12 months we had a rise in sales despite a small drop in the number of homes on the market. The average home price has risen steadily, showing an upturn in the housing market which is good news for buyers and sellers!