The South Lake Tahoe housing market has been steady. The inventory of homes has been rapidly increasing; and that is good news for buyers! The market will continue to pick up in the next few months and home values should continue to slowly increase as long as interest rates remain low.
The Numbers Month to Month and Year to Year
– The median sales price for South Lake Tahoe, CA Homes for Sale was $472,500 in June 2017, compared to $399,000 during June 2016.
– The number of South Lake Tahoe, CA Homes that sold was 64 in June 2017 vs. 71 homes sold in June 2016.
– There were 141 new listings entering the market this month.
– There are 78 South Lake Tahoe, CA homes for sale that are under contract which represents 30% of the overall available inventory of homes 260 homes for sale.
– Average days on the market: 51
– From the 260 homes listed during June, 0 of them was a foreclosure 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 950 BalBijou Road, selling for $4,900,000. This is a magnificent, fully furnished 4400 plus sq.ft craftsman style 4/5 bdrm home. It features a split level entry with views of the stunning Sierra range, beach and lakeviews for days. Upstairs is the grandest of great rooms, chef’s kitchen bar none with all the bells and whistles, good times and entertaining for all. It features a spacious Dining room, breakfast nook, gathering spaces and sitting areas indoors or outdoors. This home was built in 2015 and is a 4 bedroom / 4 bath / 2 car garage home. (.
This Month’s Least Expensive
The least expensive new listing that entered the market this year was 1117 Dedi Ave listed for $125,000. No – this is not a forest service cabin, short sale, REO or partial ownership. Hard to believe at this price but it is truly a fee simple cabin with loads of potential for the future. Yes it is small but there is a full living area, kitchen, separate bedroom and bath. Located near shopping, public transportation, dining and within a few short minutes to Lake Tahoe beaches.This home was built in 1958 and has 1 bedroom / 1 bath / 373 Sq Ft (schedule a showing)
This Month’s Must See
The choice for home of the month for June was 782 Modesto Avenue listed at $499,000. This beautiful home is located in the prestigious neighborhood of Al Tahoe, only a few blocks from the lake, hiking trails, shopping, restaurants and other amenities. Also, it is only a short drive to Heavenly Ski Resort and casinos. It Features include an oversized two car garage, updated kitchen, updated flooring, roomy bedrooms, a huge fenced in backyard with a hot tub, lots of storage space, and is fully furnished and ready to move in. This home is perfect for entertaining and it would be a great asset to the outdoor enthusiast. That’s what makes this our pick for “Must See Home of June” This home was built in 1972 and has 3 bedrooms / 2 bath / 1632 Sq Ft (schedule a showing)