Home Prices up in South Lake Tahoe
May 1, 2011
Looking at South Lake Tahoe properties through April 2011 compared to the same time last year, statistics show that home prices are rising once again. The number of homes sold is up slightly but the median home and price and price per sq. ft. has increased and that is good news for the sellers that have been up-side down and stuck trying to wait out the market. The down side is the number of foreclosures sold this year, up from 54 in 2010 to 63. What this all means is that the South Lake Tahoe Real Estate market is improving but at a slow pace. Contact Chuck Stanley, (530) 318-8830 or email chuckstanley@sbcglobal.net.
| 1/1/11-4/30/11 | |||||||||||
| Homes Sold | 167 | ||||||||||
| Median Price | $285,000 | ||||||||||
| Average Days on Market | 175 | ||||||||||
| Average Sales Price Per Sq. Ft. | $196.00 | ||||||||||
| 1/1/10-4/30/10 | |||||||||||
| Homes Sold | 162 | ||||||||||
| Median Price | $318,250 | ||||||||||
| Average Days on Market | $170 | ||||||||||
| Average Sales Price Per Sq. Ft. | $214,000 | ||||||||||
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