South Lake Tahoe MLS

South Lake Tahoe Real Estate Inventory Update

The inventory of properties for sale on the South Tahoe MLS has continued to decline as it typicaly does as we approach the winter season. We are now down to 279 total single family homes listed, 204 active listings and 75 pending listings. Our listing count was at its highest in July when there were 323 listings and there has been a steady decline since then. The South Lake Tahoe Real Estatemarket is usually the most active during the spring, summer, and fall and the number of properties in escrow typicaly declines in the winter as well. In June there were 10o single

family houses in escrow and we are now down to 75 (81 including condos).

Although the activity does slow down during the winter there can be some great opportunities for both buyers and sellers. Sellers that keep their homes on the market during the winter or that decide to sell during the winter will have less compitition from other sellers because there will be fewer homes on the market and fewer homes for buyers to choose from. Sellers should also be aware that houses do sell during the winter and that buyers that are looking are serious buyers. Tahoe attracts a huge amout of visitors during the winter months that come to ski and vacation from all over the world. These visitors often come to look at properties during their vacation and may not have a chance to come out any other time to look at homes.

The winter can be a great time for buyers because the sellers that have their homes on the market probably need to sell are most likely motivated. If a house comes on the market during the winter it is probably because they do not want to wait for the spring to sell. This can be a great opportunity for buyers that are looking to purchase before the buyer flood gates open in the spring.

South Lake Tahoe Real Estate Inventory

There are currently 279 single family listings on the South Lake Tahoe MLS in the City and County areas, down from 323 in July and down from 309 last month.
There are 204 active single family listings, down from 230 in July and down from 216 last month.
There are 75 pending single family listings, down from 100 in July and down from 93 last month.

South Lake Tahoe Short Sale Inventory

There are currently 20 single family short sale listings
There are 5 active short sale listings
There are 15 pending short sale listings

South Lake Tahoe Foreclosure Inventory

There are currently 9 single family foreclosure listings.
The are 8 active foreclosure listings.
There is one foreclosure that is in escrow.

South Lake Tahoe Condo/Townhouse Inventory

There are 40 Condos listed on the South Lake Tahoe MLS in the City and County areas.
There are 34 active condo listings.
There are 6 pending condo listings.
There are two short sale condos and both are currently pending.
There is one foreclosure listing and it is active.

South Lake Tahoe Multi-Family Inventory

There are 29 multi-family listings (two units+) on the South Lake Tahoe MLS.
There are 18 active multi-family listings.
There are 11 multi-family currently pending.
There is one multi-family foreclosure listing that is currently pending.

South Lake Tahoe Vacant Land Inventory

There are 82 vacant land listings on the South Lake Tahoe MLS.
There are 74 active land listings.
There are 8 pending land lisitngs.

For more information about the South Lake Tahoe Real Estate market please call South Lake Tahoe Real Estate agent Brent Johnson at (530) 416-2625 to discuss!

South Lake Tahoe Real Estate Update

South Lake Tahoe Real Estate Statistic Update for October 14, 2013

The following South Lake Tahoe Real Estate statistics are for residential (single family and Condo/Townhouses) located in the city and county areas of South Lake Tahoe as of

10/14/2013.

Total listings on the South Lake Tahoe MLS: 349

Active listings: 261 ( There are 4 active short sale listings and 7 bank owned listings which is about 4.2% of the total inventory) 221 of the listings are single family homes and 40 are condo/townhouses.

Active Pending listings: 88 (17 are short sales and 2 are bank owned foreclosures which accounts for 21.6% of the inventory)

The 88 Active Pending listings represent 25.2% of the total inventory of properties in escrow.

Breakdown by price range of the 88 escrows

Under $200,000= 11 properties (12.5%)
$201,000 to $300,000= 22 properties (37.5% under $300k)
$301,000 to $400,000= 20 properties (60.2% under $400k)
$401,000 to $500,000= 14 properties
$501,000 to $600,000= 11 properties
$601,000 to $700,000= 4 properties
$701,000 to $800,000= 1 property
$801,000 to $999,000= 1 property
Over $1,000,000= 4 properties

So far this year there have been 576 single family and condo/townhouses that have sold on the South Lake Tahoe MLS. There were 40 bank owned foreclosures that were sold (6.9% of the closings) and 45 short sales that were sold (7.8% of the closings).

In 2012 there were 172 bank owned foreclosures that were sold which accounted for 23.2% of the closings. There were 124 short sales which were sold which accounted for 16.8% of the closings.

For more information about the South Lake Tahoe Real Estate market pleaes call Brent Johnson at (530) 416-2625.

September South Tahoe Real Estate Statistics

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!

South Lake Tahoe Real Estate Statistics for August 2013

The South Lake Tahoe MLS posted the largest increase of the median sales price of single family homes of the year. The median price rose from $234,000 in August of 2012 to $309,000 in August of 2013 which was a 32.1% increase. There were 86 single family homes and condos that were reported as sold in the city and county areas of the South Tahoe MLS which was also the highest number of sales for the year.

August South Tahoe Real Estate Statistics

There were 86 single family homes and condos sold on the South Lake Tahoe MLS in August, up from 76 sales in July.
The median sales price was $309,000, up from $292,000 in July and up from $234,000 in August 2012.
The average sales price was $388,067, up from $352,402 in July and up from $294,090 in August 2012.
The average price per square foot was $239, up from $218 in July and up from $188 in August 2012.
The average days on the market was 115 days and the median days on the market is 70 days.

Distress sales were again down for the month with only 3 bank owned foreclosure sales and 4 short sales closing escrow. In August 2012 there were 19 bank owned foreclosures and 6 short sales that were sold.

The inventory of single family homes and condos on the South Lake Tahoe MLS only decreased slightly over the last 30 days. There are now 363 listings on the mls, 263 of the properties are active and 100 are in escrow. There are 18 short sale listings, 16 are in ecrow and only 2 are active. There are only 11 bank owned listings, 4 of the foreclosures are in escrow and 7 are active.

For more information on the status of the South Lake Tahoe Real Estate market please give Brent Johnson a call at (530) 416-2625 today!

South Tahoe Real Estate Market Snapshot

Here is a quick snapshot of the current South Lake Tahoe Real Estate market as of September 12, 2013. The following statistics are for residential (single family and condo/townhouses in the City and County areas of South Tahoe as reported by the South Lake Tahoe MLS.

There are currently 387 total active listings on the mls which is down from 421 listings on September, 2012. 277 of the listings are currently active and 110 of the listings are in escrow. The 110 properties in escrow represents 28.4% of the total inventory in escrow. In September, 2012 there were 264 active listings and 157 listings that were in escrow.

There are currently 2 active short sale listings and 10 active bank owned foreclosures which accounts for only 4.3% of the active inventory. There are 16 short sales and 1 bank owned foreclosure currently in escrow which accounts for 15.5% of the active pending properties.

Breakdown by price range of the 110 escrows:

14 homes under $200,000 (12.7% under $200,000)
36 homes from $201,000 to $300,000 (45.5% $300,000)
27 homes from $301,000 to $400,000 (70% below $400,000)
16 homes from $401,000 to $500,000
6 homes from $501,000 to $600,000
1 house from $601,000 to $700,000
1 house from $701,000 to $800,000
2 houses from $901,000 to $999,000
7 homes over $1,000,000

So far this year there have been 498 single family homes and condos that have been sold on the South Lake Tahoe MLS. There have been 36 bank owned foreclosures which accounts for 7.2% of the closings (23.2% in 2012). There have been 44 short sales that have closed accounting for 8.8% of the closings (16.8% in 2012).

The median sales price is now up 32.1% from last year. This increase in the median sales price does not necessarily mean that home values are up over 32% though. There has been a drastic reduction of the low end (under $200,000) inventory which has driven the median sales price up even further.

June South Lake Tahoe Real Estate Statistics

Prices in the South Lake Tahoe Real Estate market have continued to steadily rise throughout the spring and into the summer season. The median sales price for residential single family homes was up 20.9% in June from the previous year. The median price rose from $235,000 in June of 2012 to $284,000 in June of 2013. The price per square foot of the single family and condo/townhouses also had a significant jump

Bass — Taking a quick summer break from Real Estate for some catch and release!

during the same 12 month period. The average price per square foot was up to $222 in June 2013 from $177 in the previous year.

South Lake Tahoe Real Estate Statistics for June 2013

There were 54 single family homes and condos that were sold in South Lake Tahoe in June, down from 75 in May and down from 77 in June 2012.
The median sales price in South Lake Tahoe was $284,000, up from $270,000 in May and up from $235,000 in June 2012.
The average sales price was $389,611, up from $385,508 in May and up from $279,311 in June 2012
The average price per square foot was $222, up from $177 in June 2012.
The average days on the market was 95 and the median days on the market was 54.

There were only 3 foreclosures in South Lake Tahoe that were sold in the month of June on the MLS. In June of 2012 there were 18 foreclosures that had sold. There are currently only 11 foreclosures listed on the South Tahoe MLS and 2 of the foreclosures are in escrow. It seems as if the banks are pricing the foreclosures much higher than they were over the last few years and that the foreclosure listings have a longer days on the market than they did in the past.

Short Sales in South Lake Tahoe

There are currently 20 short sale listings on the South Tahoe MLS. 12 of the short sales are currently in escrow and 8 of the short sales are active.
There were 6 short sales that were sold in June, down from 8 short sales in May and down from 12 short sales in June 2012.
The average sales price of the short sales was $323,333.
The median sales price of the short sales was $337,500.
The average sales price per square foot wwas $160.
The average days on the market was 123 and the medain days on the market was 212.

The number of homes and condos for sale in South Lake Tahoe is up slightly from May but seems to have leveled off. There are currently 387 houses listed on the mls, 107 of the homes are in escrow and 280 are still active. This is up from 374 listings last month with 106 in escrow and 268 active listings.

For more information about the South Lake Tahoe Real Estate market please call Brent Johnson today!