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 $461,033 in February 2017, compared to $364,765 during February 2016.
– The number of South Lake Tahoe, CA Homes that sold was 30 in February 2017 vs. 55 homes sold in February 2016.
– There were 34 new listings entering the market this month.
– There are 10 South Lake Tahoe, CA homes for sale that are under contract which represents 31.25% of the overall available inventory of 32 homes.
– Average days on the market: 129 days.
– From the 34 homes listed during February, none of them were foreclosures and none of them were short sales.
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 1759 Venice Dr, selling for $1,450,000. This meticulously maintained 5 bedroom, 4 bathroom waterfront home includes a spacious gourmet kitchen with stainless steel appliances, which opens to the roomy upstairs living area great for entertaining. The large upstairs master bedroom has an en suite master bath with soaker tub. Enjoy views of the water and mountains from the large outdoor deck. The generous sized game room downstairs is equipped with a kitchenette and billiards table. Outside features include a large yard, hot tub and boat dock for multiple boats. Steps away from hiking, biking, cross-country skiing, snowshoeing and all Tahoe Keys amenities. Close proximity to ski resorts, dining and entertainment. This is a must see! This home was built in 1977 and is a 5 bedroom / 4 bath / 2 car garage home. (schedule a showing).
This Month’s Least Expensive
The least expensive new listing that entered the market this year was 648 Roger Ave #4 listed for $219,900. Gardner Mountain Townhome surrounded on 4 sides By State owned Land. This 2 bedroom unit is one of only five units in the Tahoe Townhome association. Tile Kitchen and baths. Upgraded carpeting and tile flooring throughout. Sold furnished per inventory. New storm door and upgraded vinyl dual pane windows. The exterior of the entire complex was recently painted. Low HOA dues of $175/mo. An easy ride to the beaches and trails. Close to shopping. This property is 863sf and was built in 1972.(schedule a showing)
This Month’s Must See
The choice for home of the month for February was easy this time. 3369 Cape Horn Rd is a great option for locals to buy their first home! This 2 bedroom, 2 bath home is centrally located in the desirable area of Bijou Pines. Within walking distance to the Lake, shopping, rec center, library and more. There is trek decking and exterior has vinyl siding. Interior could use upgrades, but is in good condition. This beautiful home is spacious, inviting, and the perfect Tahoe getaway. The cozy nature and great location make this home makes this our best pick for “Must See Home of January” (schedule a showing)