January Real Estate Statistics
- The average price of the sold South Lake Tahoe homes was $350,913, down from $404,998 last month, and very close
to the average of $352,676 in January 2010. - The median sales price of the sold South Tahoe homes was $305,500, down from $332,000 last month, and down from $317,250 in January 2010.
- The average price per square foot was $207, up from $192 last month, and very close to the price per square foot of $208 in 2010.
- There were 16 distress sales in January. 9 of the distress sales were short sales and 7 were bank owned foreclosures. Last month there were 24 distress sales, 17 were bank owned foreclosures, and 6 were short sales.
The average list price to sales price was 99.18% for the homes that were sold within the first 60 days of being listed. Once the listings made it to 61-90 days on the market the average list price to sales price was 95.68%. 91 to 120 days on the market had an average list price to sales price of 91.44%. There were 21 listings that were on the market over 120 days, these listings sold for an average of 93.55% of the listing price.
There were only 4 condos in South Lake Tahoe that were sold on the South Lake Tahoe MLS. The average sales price was $238,025 and the median sales price was $211,000.
There was only one vacant lot that was sold in January. The lot that sold was a very nice 12,853 square foot lot on Grizzly Mountain which sold for $140,000.
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