There are currently 352 total single family and condo listings on the South Lake Tahoe MLS in the city and county areas of Lake Tahoe. Out of the 352 listings, 95 are currently in escrow and 257 are still active.  The distress sale inventory on the South Lake Tahoe MLS is as at the lowest levels that it has  been in years.  There are only 10 foreclosure listings on the mls and only 3 of the foreclosures are in escrow. There are 21 short sale listings, 16 of the short sale listings are in escrow and 5 are still active.  

Although the the median sales price of the single family homes was up 31.4% in September, the number if properties that were sold was down. There were 65 single family homes that were sold in September, down from 86 sales in August and down from 83 sales in September, 2012.

Statistics for the South Lake Tahoe MLS- September, 2013

• There were 65 single family homes and condos reported as sold on the South Lake Tahoe MLS in September, down from 86 sales in August and down from 83 sales in September, 2012.
• The median sales price in September was $312,000, up from $309,000 in August and up from $237,500 (31.4%) in September, 2012.
• The average sales price was $375,436, down from $388.076 in August and up from $297,944 in September, 2012.
• The average price per square foot was $235, down from $239 in August and up from $182 in September, 2012.
• The average days on the market was 75 and the median days on the market was 60 days.

Just about every area in South Lake Tahoe has experianced an increase in the median sales price this year Below is the median sales prices by area as of 9/30/2013.

Median Sold Prices by Area

• Al Tahoe- $273,500, up 32.1% this year
• Bijou- $260,000, up 30%
• Bijou 2- $257,500, up 26.2%
• Black Bart- $229,500, down 2.3%
• Christmas Valley 1- $273,500, up 15.2%
• Christmas Valley 2- $295,000, up 10.1%
• Echo View Estates- $458,000, up 14.8%
• Country Club Estates- $382,500, up 19.6%
• Gardner Mountain- $268,000, up 34%
• Heavenly Valley- $355,000, up 9.2%
• Highland Woods- $323,500, up 2.7%
• Highland Woods PUD- $175,000, up 4.2%
• Meyers- $260,000, up 37.2%
• Montgomery Estates- $393,500, up 4.9%
• North Upper Truckee 1- $346,000, up 54.5%
• North Upper Truckee 2- $475,000, up 33.8%
• Pioneer Trail- $320,000, up 34.5%
• Pioneer Village- $261,000, up 49.8%
• Sierra Tract- $205,000, up 45.5%
• Sky Meadows- $210,500, up 33.9%
• Stateline- $245,000, up 63.9%
• Tahoe Island Drive- $235,000, up 14.6%
• Tahoe Island Park- $311,000, up 35.2%
• Tahoe Keys- $650,000, up 10.2%
• Tahoe Paradise- $330,000, up 23.6%
• Y Area- $219,000, up 24.8%

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