South Tahoe Property Statistics for April

Now that the snow is melting and the lake is filling up, sellers are beginning to prepare their homes for the market here in South Lake Tahoe. Although many home buyers think of the summer as the best time to buy Real Estate in Lake Tahoe, many did not wait for the sun to come out to purchase property.  There were 38 single family homes in South Lake Tahoe that were sold on the South Lake Tahoe MLS during the month of April.  Although both the median sales price and average sales price were very close to what they were in March, the average price per square foot was down from $197 to $186.

Distress sales accounted for over half of the homes in South Lake Tahoe that were sold last month. There were 14 bank owned foreclosures and 8 short sales that were sold in April. 58% of the homes sold in April were either short sales or foreclosures.

South Tahoe Real Estate Statistics

• The average sales price of the houses in South Lake Tahoe that were sold in April was $342,063, down from $349,941 in March.
• The median sales price of the sold housesin April was $314,500, up from $310,000 in March.
• The average price per square foot in April was $186, down from $197 in March.
• The average days on the market was 141.
• The median days on the market was 115.
• There were 14 bank owned foreclosures that were sold in April which is down from 17 in March.
• There were 8 Short Sales that were sold in April which is up from 3 in March.
• The average price per square foot for the Short Sales that were sold was $186.
• The average price per square foot for the foreclosures that sold was $151.

As of now, there are 370 single family homes that are listed on the South Lake Tahoe MLS. There are 287 homes that are active and 83 that are active pending.

There are 60 condos that are listed on the MLS. There are 51 condos that are active and 9 that area active pending. There was only one condo that was sold in April.

There are 119 vacant lots that are listed on the MLS. There are 125 lots that are active and only 4 that are active pending. There were only 2 lots that were sold in April.

There was only one condo that was sold in April which was a bank owned foreclosure in Lakeland Village, a 2 bedroom, 1.5 bath townhouse unit that sold for $250,000.