December ended up being a solid month in terms of closings for the South Lake Tahoe Real Estate Market. There were 40 single family homes (not including condos) that were sold on the South Lake Tahoe MLS.
Although the average price per square foot dropped below $200 per square foot, both the average and median sales prices were up from November.
South Lake Tahoe MLS Statistics
- There were 40 single family homes in South Tahoe that were sold in December, up from 38 sold homes in November and down from 49 sold homes in December 2009.
- There were 24 distress sales in December. 17 of the sales were bank owned foreclosures and 6 were short sales. 60% of the homes sold were distress sales, up from 53% in November and up from 43% in December 2009.
- The average sales price for the sold South Tahoe Homes was $404,998, this is up from $362,943 in November and down from $469,281 in December 2009.
- The median sales price was $332,000, up from $291,250 in November and down from $343,000 in December 2009.
- The average price per square foot was $192 which was down from November when it was $212. The price per square foot was also down from December 2009 when it was $220.
There were 5 Tahoe Keys Homes that were sold in December. The houses in the Tahoe Keys that sold had an average price per square foot of $276. The median sales price was $625,000 and the average sales price was $812,500. Only one of the sold Tahoe Keys homes was a foreclosure, none were short sales.
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