The following South Lake Tahoe Real Estate statistics are for residential (single family and condo/townhouses) located in the City and County areas. These statistics are from the South
Lake Tahoe MLS.
There are currently 309 total single family and condo/townhouse listings on the South Lake Tahoe MLS. This is down from 317 total listings on November 1st. Out of the 309 total listings, 216 are active and 93 are active pending (in escrow). 30.1% of the total inventory is in escrow. There are only 183 active single family homes for sale and 33 active condo/townhouses.
Short sales account for only 5.6% of the current active inventory. There are 3 active short sales and 9 active foreclosures currently for sale on the South Lake Tahoe MLS. There are 20 short sales and only 1 bank owned foreclosure currently in escrow. The 21 distress sales in escrow account for 22.6% of the 93 properties that are currently in escrow.
Breakdown by price range of the 93 escrows:
- Under $200,000 12
- $201,000 to $300,000 30
- $301,000 to $400,000 20
- $401,000 to $500,000 10
- $501,000 to $600,000 10
- $601,000 to $700,000 2
- $701,000 to $800,000 1
- $801,000 to $999,000 2
- Over $1,000,000 6
So far this year there have been 629 single family homes and condo/townhouses that have sold on the South Lake Tahoe MLS. There have been 42 bank owned foreclosure sales (6.7% of closings) and 47 short sales that have sold (7.5% of closings).
In 2012 there were 740 single family homes and condo/townhouses that were sold on the South Lake Tahoe MLS. Bank owned foreclosures accounted for 172 of the sales (23.2%) and short sales accounted for 124 (16.8%).
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