July South Lake Tahoe Real Estate Snapshot

The South Lake Tahoe Real Estate market saw another slight increase in the median sales price in July, 2014.  The median sales price ticked up to $345,000 in July from $335,000 in June. This is a 18.2% increase from a median sales price of $292,000 in July, 2013. There were 57 single family homes and condos that were sold on the South Lake Tahoe MLS in July, up from 54 in June, and down from 76 in July, 2013.

South Lake Tahoe Real Estate Statistics

• There were 57 single family homes and condo/townhouses that were sold in July, Up from 54 in June and down from 76 in July, 2013.

  

• The median sales price according to the South Lake Tahoe MLS was $345,000, up from $335,000 in June and up from $292,000 in July, 2014.
• The average sales price was $549,999, up from $362,923 in June and up from $352,402 in July, 2014.
• The average price per square foot was $267, up from $249 in June and up from $218 in July, 2014.
• The average days on the market was 98 and the median days on the market was 69.

There were only 3 short sales that closed escrow on the South Lake Tahoe MLS and there were no foreclosures that were sold. In July, 2013 there were 6 short sales and 4 bank owned foreclosures that were sold.

The Tahoe Keys Real Estate market started to heat up in July as well with 7 single family home sales and one townhouse that was sold. The highest sale was 16 Lighthouse Shores which was sold by our office for $5,750,000!

For more information about the South Lake Tahoe Real Estate market please call Brent Johnson at (530) 416-2625 today!