Monthly Market Update, April 2018

The South Lake Tahoe housing market has been steady. The inventory of homes is currently low, but the inventory should start increasing as we move into Summer. With the recent changes in the Vacation Rental Rules, we are unsure of how that will affect the Housing Market over the next few months. 

The Numbers Month to Month and Year to Year

– The median sales price for South Lake Tahoe, CA Homes for Sale was $425,000 in April 2018, compared to $449,000 during April 2017.
– The number of South Lake Tahoe, CA Homes that sold in April 2018 was 37, and 43 homes sold in April 2017.
– There were 95 new listings entering the market this month.
– There are 70 South Lake Tahoe, CA homes for sale that are under contract which represents 30% of the overall 179 available inventory of homes for sale.
– Average days on the market: 72
– From the 179 homes for sale during April 2018, 2 of them were a foreclosure and 0 of them was a short sale.

A few highlights of the current South Lake Tahoe, CA Homes for Sale are shown below.

This Month’s Most Expensive

The most expensive new listing that entered the market this month was 565 Lucerne Way, selling for $3,111,888. Location and views. Your Lake Tahoe waterfront dream home awaits. This stunning brand new construction offers five bedrooms and five bathrooms encompassing over 4000 square feet. Wonderful location in the heart of the Tahoe Keys on beautiful Lucerne Way, with fabulous views of the mountains and water. The rustic contemporary feel comes together with beautiful barn wood accents, tile floors, granite and natural stones and alder wood throughout. You will love your huge boat dock in the backyard with space for multiple boats and fast access to the lake. Truly too many features to list, this amazing one of a kind home is a must see...This home was built in 2018 / 5 beds / 5 baths / 4080 Sq Ft. Schedule a Showing!

This Month’s Least Expensive

The least expensive new listing that entered the market this month was 1101 Sonora Avenue, listed for $195,000. Development opportunity located just a few blocks from the lake and minutes from Heavenly Valley Ski Resort and the Stateline! Permits, plans, and engineering are in place to remodel the existing cabin or you can start from scratch with your own project! The existing studio cabin has been raised and set on a new foundation and sub-floor. Bring your tool belt because this project is ready to begin now! This home was built in 1947 /  1 beds / 1 bath / 303 Sq Ft. Schedule a showing!

This Month’s Must See!

The choice for March's must-see home of the month is 1913 Apalachee Drive, listed at $549,000. Imagine waking up every morning to beautiful mountain views and watching the sun set from the comfort of your deck. Imagine relaxing by the magical backyard's patio fire pit while star gazing and sipping a favorite beverage. It's all here in this pristine Tahoe cabin. A private entry leads to the open great room where one's eyes are first drawn to the mountain views and then up two stories to the open beam ceilings. Mountain-lodge ambiance is created with the kitchen island stone facing, laminate flooring, custom lighting and the freestanding gas fireplace. Two guest bedrooms, a guest bath and laundry area are located on this main floor. One of the bedrooms features direct access to the back deck and yard. The top floor is a master retreat featuring a private deck, sitting and office areas. Year round comfort is provided with the heating/cooling system. Exterior features include upgraded roomy decks, landscaping with full drip systems, a dog run and a newer roof. This home was built in 1974 and has 3 bedrooms / 2 baths / 1520 Sq Ft. Schedule a Showing!