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 $407,000 in March 2017, compared to $355,000 during March 2016.
– The number of South Lake Tahoe, CA Homes that sold was 34 in March 2017 vs. 55 homes sold in March 2016.
– There were 55 new listings entering the market this month.
– There are 22 South Lake Tahoe, CA homes for sale that are under contract which represents 61.82% of the overall available inventory of 55 homes listed in March.
– Average days on the market: 135 days.
– From the 55 homes listed during March, 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 3606 Needle Peak Rd, selling for $1,300,000. Lake view home on 1.25 acres backing natural forest. Situated a few blocks from Heavenly Ski Resort, Casinos, and beautiful Lake Tahoe. Many artistic compliments have added a unique charm that many newer homes lack. The large stone deck allows beautiful views and spacious room for entertaining. An attached single car garage is located under back of home, and an additional detached single car garage are both accessed from back of property. This home was built in 1955 and is a 4 bedroom / 3 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 1223 Bonanza Ave #7 listed for $129,900. Price Reduced $3000!!! Recently remodeled 2 bedroom, 1 bathroom unit has new bamboo flooring, granite looking Formica counters, remodeled bath with tile floor and shower, & new vanity. The complex is centrally located and right next door to new Bonanza Park, with children’s play area, lawn, & picnic tables. This is a ground floor unit with no stairs for easy access. HOA is $190/month and includes hot water, snow removal, roof repairs & refuse. Complex also has on-site laundry. Corte D Azur owners share equal ownership in lot across the street as well, currently used for additional parking. This property is 841sf and was built in 1965.(schedule a showing)
This Month’s Must See
The choice for home of the month for February was easy this time. 1669 Skyline Drive is a beautiful newly constructed home! Gorgeous and brand new custom home located in Country Club Estates. This well planned design features 4 bedrooms, spacious great room, a family upstairs living area will simply wow! Hardwood floors draw the eye to the gorgeous gas fireplace surrounded by a stone hearth, metal accents and hand-scraped timber mantle. The over-sized custom kitchen features an abundance of quartz counters, and an eye-catching walnut breakfast bar. There is even a large pantry which is a rare find these days. The master suite, a must have, rivals a luxury spa retreat. Also on the main floor is the first guest bedroom and full bath. Downstairs is the family room, two more guest bedrooms and the third full bathroom. Each bathroom is finished with custom quartz counters. The windows are all fully wrapped for an extra look of luxury. The location is ideal for those seeking exquisitely quiet surroundings yet within a few short minutes to skiing, beaches, golf, rivers, shopping and much more. My favorite feature of this home is the spaciousness and beautiful lay out of the kitchen. That’s what makes this our pick for “Must See Home of January” (schedule a showing)