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Home > South Lake Tahoe Real Estate Update

South Lake Tahoe Real Estate Update

December 1, 2019 by Mark Salmon Leave a Comment

If you are thinking of buying or selling in 2020, knowing the local South Lake Tahoe real estate market is crucial for a successful experience. Knowing days on market, inventory, sold prices and more can guide both buyers and sellers respectively. Buyers can use these details to understand what their purchasing power is, how quickly they need to act and how competitive they need to be with their offer. Sellers can use this information as a resource to help them with pricing, understand buyer motivation and get a good idea of how fast their South Lake Tahoe real estate will move. The best resource for this information is a South Lake Tahoe Realtor as we have the tools and resources to provide an accurate picture of what is happening locally and how that impacts you. To get an idea of the current market, check out the below notes. 

The average sold price for South Lake Tahoe real estate is up 8.9% at $592,400. The median sold price for South Lake Tahoe real estate is up 5.6% at $475,000. One thing to note about this, and this is why it is so important to work with a South Lake Tahoe Realtor, these two numbers are for the area in general. Each specific neighborhood is going to have their own micro market report with numbers that will likely differ from this. A seller should price according to the recent comparable sold in their neighborhood. The amount of South Lake Tahoe homes for sale has gone up 10.1%, which is  great for buyers as this indicates that there are more properties available. Closed sales have gone down 9% while pending sales have gone down 0.7%. New listings have also seen a decrease of 4%. The average days on market have gone up 2% to 104. The month supply is also up 20% to 4.7. This tells us who has control of the market, as in whether or not it is a buyers market or a sellers market. Anything 4 or less is consider a seller’s market while a 6 month supply indicates the market is balanced in both parties favor. 

For more information about listing or buying South Lake Tahoe homes for sale, feel free to reach out to me. I  would be happy to help you. 

Filed Under: Buyer Tips, Market Reports, Real Estate News, Seller Tips

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185 Clubhouse Circle has SOLD! Loved working with 185 Clubhouse Circle has SOLD! Loved working with the sellers to list this Lake Village townhome with tons of classic Tahoe character and charm. 

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Ryan Smith will be hosting an open house at 439 Al Ryan Smith will be hosting an open house at 439 Ala Wai Blvd, Unit 152 tomorrow, September 24th from 10a-1p. A premier location, this townhome offers incredibly quick access to the lake, a straight shot into your boat slip, and an exceptional view corridor. Enjoy alpenglow sunsets over distant Heavenly Ski Resort from your lower deck or upper covered balcony that’s off the primary suite. The front door is positioned directly across from a park area and tennis courts and you’re a short walk to the indoor or outdoor pool and homeowner’s private beach. The interior has preserved some classic Tahoe charm with open beam, tongue and groove pine ceilings, and a freestanding gas fireplace. The kitchen has updated cabinetry and flooring with a large peninsula island. All 3 bedrooms are generous in size and are accompanied by 3 full bathrooms. This unit sells fully furnished! bit.ly/47kPI4j

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Ryan Smith will be holding my listing at 940 Sunse Ryan Smith will be holding my listing at 940 Sunset open tomorrow from 10a-1p! Stop by and see this 3 bed, 2 bath home in a great location with a beautiful setting. Learn more at the #LinkInBio. 

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1847 Hekpa is now offered at $325,000! An incompar 1847 Hekpa is now offered at $325,000! An incomparable opportunity to secure one of the few remaining parcels, over 1 acre, left in the entire Tahoe Basin. The lot backs to miles of National Forest land that provides instant access to a myriad of hiking & biking trails, Trout & Saxon Creeks, and winter snowmobiling options. The property is surveyed and has had a full TRPA site assessment showing 6,514 sq ft of available coverage with an 823 IPES score that allows for a variety of coverage exemptions. The seller is a tenured local builder, who has plans designed for a 5,000-sf custom home with extensive decks to take in elevated mountain views and incredible alpenglow sunsets. Build-to-suit options are available for the current project or plans could be revised to fit the buyer's specific needs, including possibilities for secondary dwellings, an ADU, or an oversized garage.  Seller could offer a package deal with improved pricing for either the lot or the build out if a contract was signed for him to build the house for the buyer. 

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3281 Panorama has SOLD! Thoughtfully crafted to ca 3281 Panorama has SOLD! Thoughtfully crafted to capture a timeless mountain atmosphere, this exceptional home features finishes deserving of a luxury retreat. Nestled in peaceful Christmas Valley, the home is bordered by two scenic ridgelines and allowed for seamless entertaining both inside and out. Congrats to my sellers. It was such a pleasure listing this home! Sold for $1,200,000. 

Compass® DRE# CA 01485376 | NV 0191477 #realtor #realestate #laketahoe #laketahoerealestate #luxury #mountainhome #compass

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So Lake Tahoe, CA 96150

Mark Salmon

Lake Tahoe REALTOR®
(530) 318-7637 Cell
DRE# 01485376
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Compass is a real estate broker licensed by the State of California and abides by Equal Housing Opportunity laws. License Number 01991628. All material presented herein is intended for informational purposes only and is compiled from sources deemed reliable but has not been verified. Changes in price, condition, sale or withdrawal may be made without notice. No statement is made as to the accuracy of any description. All measurements and square footage are approximate. If your property is currently listed for sale this is not a solicitation.