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South Lake Tahoe, CA Market Statistics

Stateline, NV Market Statistics

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All South Lake Tahoe, CA 2009 Real Estate Home Sales

May 27th, 2009 categories: For Buyers, For Sellers, Lake Tahoe Real Estate, Sales Reports, South Lake Tahoe Statistics, South Lake Tahoe, CA

South Lake Tahoe 2009 Single Family Home Sales to date.

We have just updated all 2009 South Lake Tahoe, CA residential home sales. As of today, there have been 119 home sales in South Lake Tahoe, CA this year.

Note that we have recently added a new category below that addresses the number of bank owned properties (REOs) and short sales v. those that are not. This can also be viewed on our spreadsheets and stat charts as well (links directly below).

All South Lake Tahoe 2009 home sales here.

Statistics for all 2009 home sales here.

2009 Sales Summary :
Here’s what this information tells us about current market conditions in South Lake Tahoe, CA: (with only 119 sales, please refer here for more sales data.)

The Median Sold Price for homes sold in 2009 is $315,000 (not including homes in The Tahoe Keys)
It was $326,000 a little less than a month ago.
43.7% of all 2009 sales are either bank owned properties or short sales (which is why the price is so low).
The Average Original List Price is $441,500.
The Average Sold Price is $366,719.
The difference between Average Original List Price and Median Sold Price is $74,782, or 16.9%.
Average Days on Market is 168.
Average Price Sq. Ft. is $222.

To get as true indication of market conditions as possible, we also continue to look at and report all single family home sales in South Lake Tahoe,CA for the last 365, 180, 90 and 30 days as well. (see 365-day sales results here.)

2009 Sales and Foreclosures :
Of the 119 South Lake Tahoe, CA single family homes sold in 2009 to date, 43.7% of them are distressed properties:

43 are bank owned (REOs)
9 are short sales

Median Sold Price : Which is the right one?
We look at Median Sold Price at various time intervals. This allows us to better track current market condition, and to identify any emerging changes as quickly as possible. The Median Sold Prices as indicated below suggest that prices have come down this year, and that they are flattening.

We have recently posted a report on current South Lake Tahoe, CA homes in escrow. There are 58 of these with a current Median Price of $296,800 (here). 39.7% of these homes in escrow are bank owned or short sales.

Median Sold Price : (not including The Tahoe Keys)

For 2009 to date: $315,000.
For 2008: $390,000.
For 2007: $425,000.
For 2006: $475,000
For 2005: $475,000

We offer this information as a public service. This blog contains the most complete and current information on the South Lake Tahoe, CA and Stateline, NV real estate market available.

If you like what you see here and find it helpful, please call or email us for further help with buying or selling a Lake Tahoe home. We’re also always interested in comments and suggestions too. (Please use comments box below.)