home sales in south lake tahoe

Closed Sales of Homes Sold in South Lake Tahoe on the Decline

After the frantic pace of home sales in South Lake Tahoe over the past two years, things are starting to slow down to a more level pace. Home sales in South Lake Tahoe, California dropped 13% in the month of July, mainly due to the fact that there is a lower inventory of homes priced under $300,000. Homes priced between $435,000 and $650,000 actually saw a rise in closed sales, up 20.5%. There was a huge surge in home sales from 670 a year in 2012, to a peak of 790 for the year ending in May of 2013, back to 678 for the past 12 months.

Median Sales Price of Homes in South Lake Tahoe Rose Again in September

The median sales price of homes sold in South Lake Tahoe rose for the 14th straight month in September, 2013. Almost all other figures moved in a positive direction as well.

Median Sales Price Continues to Rise

Lake Tahoe Real Estate Figures for September 2012

In Lake Tahoe real estate, each month brings better news than the month before. When comparing September to the month and year before there were more closed sales, fewer homes on the market, fewer new listings, and a new category - increasing median sales price!

Lake Tahoe Home Sales: Is it a Buyer's Market or a Seller's Market?

The median home prices of California homes sold reached a 4-year high in August according to the California Association of Realtors. In their August sales report released this week, CAR reports that home sales fell off slightly for the month but are maintaining a strong pace with 5 straight months of year over year sales gains. They also reported that inventory of homes for sale continues to be an issue with inventory at a 6 year low. You will notice similar trends in Lake Tahoe as I explain in more detail below.

Lake Tahoe Real Estate Figures for July 2012

Perhaps we're starting to sound like a broken record since each month's Lake Tahoe real estate sales figures continue to outshine the figures from the month before.

Closed Home Sales Rise

South Lake Tahoe Real Estate Figures for June 2012

It appears that the recovery trend of real estate in South Lake Tahoe is continuing, based on figures just in for the month of June. Closed home sales saw a dramatic increase, both over last year's sales figures as well as those from last month. In June of 2012 there were 81 closes home sales, the highest figure in over 6 years. If you break apart the figures and look at sales in the different price ranges, the homes which sold at $300,000 or less saw a 54 percent gain in sales over last year.

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