South Lake Tahoe, Nevada Homes Sold in October

18 homes closed escrow on the Nevada side of South Lake Tahoe in October, 2012. This figure shows that interest in real estate at the lake is still strong. To date for the year there have been 127 homes to close escrow in that area, up from 118 in 2011 and 113 in 2010.

Here is the list of homes that closed escrow for the month of October, along with their neighborhood, selling price and asking price (in parenthesis):

148 Tramway #B, Kingsbury Neighborhood, $139,000 ($139,900)

205 Silver Drive, Round Hill Neighborhood, $185,000 ($179.000)

635 Riven Rock Road, Zephyr Heights Neighborhood, $225,000 ($225,000)

416 O Quaking Aspen, Summit Tahoe Village Neighborhood, $250,000 ($309,900)

307 D Tramway, Summit Tahoe Village Neighborhood, $272,500 ($297,500)

640 Inspiration Drive, Zephyr Heights Neighborhood, $280,000 ($349,000)

734 A & B Gary Lane, Summit Tahoe Village Neighborhood, $309,500 ($309,500)

177 Meadow, Kingsbury Neighborhood, $320,000 ($330,000)

464 Devaux Lane, Round Hill Neighborhood, $334,000 ($334,000)

140 Easy Street, Kingsbury Neighborhood, $725,000 ($695,000)

767 Bigler A & B, Kingsbury Neighborhood, $762,000 ($850,000)

470 Elks Avenue, Elks Point Neighborhood, $862,000 ($894,000)

220 Sleepy Hollow Glen, Zephyr Heights Neighborhood, $1,250,000 ($1,295,000)

140 Diringo, Glenbrook/Uppaway Neighborhood, $1,250,000 ($1,395,000)

1370 Winding Way, Cave Rock Neighborhood $1,425,000 ($1,595,000)

278 Chukkar Drive, Zephyr Heights Neighborhood, $1,475,000 ($1,550,000)

There aren't many short sales or foreclosures sold, or for sale in South Lake Tahoe. I've told buyers that they need to look at traditional sales as there have been some good deals and there just aren't many short sales and foreclosed homes for sale. Many homes are now seeing at, or above, asking price, just as they did this week.

These numbers will paint a clear picture:

As I've been discussing recently, home sales are up and inventory is down, and these numbers show that sales are normally moving at an accelerating pace. 13 homes closed escrow in September of 2011 while 14 closed in September 2012. There have been 127 homes to close escrow so far this year. During the same period in 2011 there were 118 and in 2010, 113. Since fewer homes are sold on the Nevada side of South Lake Tahoe the current trends of increased sales in California won't be as obvious.

There are currently 181 condos and homes for sale in South Lake Tahoe, NV. But, of that number, almost 28% are in escrow (40 homes).

How to get an advantage when looking for a home in Lake Tahoe?

You can see by the above figures that homes are selling at close, equal to, or even above the asking price. Buyers are still getting good deals but there are less of the deals available for sale than in the past. If you are looking to purchase a home in the Lake Tahoe are, now is the time to sign up for email notifications of the Lake Tahoe MLS new home listings. You will be notified of homes coming on the market the moment they are listed. You will know as soon as the agents know. Another way to find out about the Lake Tahoe real estate market is to sign up to receive my blogs via email and to receive my monthly newsletter.

Request more information on real estate in Lake Tahoe by contacting Dan Spano directly.