Homes for sale in South Lake Tahoe

We are still seeing a lot of action in the South Lake Tahoe real estate market! The July, 2013 figures were just released and they continue to show that interest in buying a home in Lake Tahoe is still growing. During the last year we saw home buyers flock to Lake Tahoe for a few reasons: low interest rates and an increased interest to buy something before they felt it was too late. When we saw more home listings enter the market this summer we saw the sales frenzy subside a bit.

Lake Tahoe real estate had seen a steady down trend in home sales over the last few years, and the last 9 months has seen a steady upward climb. In February of 2013 buyers seemed to be on a buying frenzy and sellers were deciding not to sell and hold on for a higher sales price in the future. The big topic of conversation among Lake Tahoe Realtor's is the lack of homes for sale and how sellers are pulling their homes off of the market.

Closed Sales of South Lake Tahoe Homes

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)

The National Association of Realtors (NAR) released their monthly report, and the national news is much as it is in Lake Tahoe: "Sales of existing homes rose in July even with constraints of affordable inventory." Their report stated that monthly sales rose in every region but the West, where inventory is very tight.

Low Inventory of Homes in Lake Tahoe