South Lake Tahoe MLS Statistics

South Lake Tahoe MLS statistics as of July 18th

Here are the statistics for residential (single family and condo/town homes) located in the City and County areas of South Lake Tahoe:

There are curently 556 residential listings on the South Lake Tahoe MLS. 457 of the listings are Active and 99 of the listings are in escrow. Out of the 457 Active listings, 48 are short sales and 33 are bank owned foreclosures. Out of the 99 listings that are in escrow,  37 are short sales and 18 are bank owned foreclosures.  Although only 17.7% of our active listings are short sales or foreclosures, 55.6% of the listings that are in escrow are short sales or foreclosures. The 99 escrows  represent 17.8% of the total inventory in escrow.

Here is a breakdown by price range of the 99 escrows:

• Under $200,000         26 properties
• $201,000-$300,000   29 properties
• $301,000-$400,000   14 properties
• $401,000-$500,000   14 properties
• $501,000-$600,000   4 properties
• $601,000-$700,000   7 properties
• $701,000-$800,000   3 properties
• $801,000-$999,000   0 properties
• Over 1 million              2 properties 

So far this year there have been 286 condos and houses in South Lake Tahoe that have sold. There were 95 bank owned foreclosures (33.2%) and 55 short sales (19.2%) that were sold. The total percentage of distress properties that have been sold so far this year is 52.4%