Home Sales Summaries for South Lake Tahoe, CA.

We’ve updated home sales summaries and Market Performance for South Lake Tahoe, CA.

The median sold price is $305,000. ( It was $300,000 a month ago.) This is based on all single family sales in South Lake Tahoe, CA in the last 180 calendar days (Tahoe Keys homes not included).

The median sold price for the last 365 days is now $319,000. (that same number was $320,000 a month ago)

The key contributing factor to South Lake Tahoe decline in home prices is the effect of foreclosed home sales on the real estate market.

Since the first of this year, we have seen an  increase in the percentage of  both foreclosed homes sold and those in escrow. Of all homes sold in South Lake Tahoe in 2008, about 20% of them were in foreclosure.

• At present 40.3% of South Lake Tahoe 2009 home sales are distressed properties (compared to 20% of all 2008 home sales).
• Of the 97 homes currently in escrow, 56 (57.7%) of these are also distressed sales (either foreclosures or short sales).

All South Lake Tahoe home sales in the last 365 days, here. 

Note: Tahoe Keys not included. (Review Tahoe Keys home sales )

 Median Sold Price:  All South Lake Tahoe Home Sales in the Last 365 Days: $319,000.

• It was $320,000 on October 8th.
• It was $353,000 on August 8th.
• It was $360,000 on Jul 18th.
• It was $340,000 on May 28th.
• It was $365,000 on May 11th.
• It was $375,000 on Apr. 10th.
• It was $370,000 on Feb. 16th.
• It was $390,000 on Jan 4th.

 Median Sold Price:  All South Lake Tahoe Home Sales in the Last 180 Days: $305,000.

• It was $300,000 on October 8th.
• It was $315,000 on August 8th.
• It was $318,000 on July 18th.
• It was the same on June 18th.
• It was $325,000 on May 28th.
• It was $330,000 on May 11th.
• It was $361,000 on Apr. 10th.
• It was $365,000 on Mar. 18th.
• It was $388,000 on Feb. 16th.
• It was $390,000 on Jan. 4th.

 Median Sold Price:  All South Lake Tahoe Home Sales in the Last 90 Days: $301,875.

• It was the same on October 8th.
• It was $315,000 on August 8th.
• It was $310,000 on July 18th.
• It was $315,000 on June 18th.
• It was the same on May 28th.
• It was $319,000 on May 11th.
• It was $340,000 on Apr. 10th.
• It was $326,000 on Mar. 18th.
• It was $355,000 on Feb. 16th.
• It was $385,000 on Jan. 4th.

 Median Sold Price:  All South Lake Tahoe Home Sales in the Last 30 Days: $317,000.

• It was $279,500 on October 8th.
• It was $332,500 on August 8th.
• It was $360,000 on July 18th
• It was $310,000 on June 18th.
• It was $307,000 on May 28th.
• It was $291,000 on May 11th.
• It was $348,000 on Apr. 10th
• It was $315,000 on Mar. 18th.
• It was $318,500 on Feb. 16th.
• It was $405,000 on Jan. 4th.

 Average Days on Market the Last 365 Days (DOM):
DOM is now 131.
It was the same on October 8th.
DOM was also 143 four months ago.
DOM for 2008 was 164.
DOM for 2007 was 157.
DOM for 2006 was 125.

 Average Days on Market in the Last 180 Days:
DOM is 153.
It was 155 on October 8th.
It was 173 on August 8th.

Difference Avg. Original List Price and Median Sold Price – Last 365 Days:
Difference from Original List price to Median Sold price is 15.3%.
It was 14.8% on October 8th.
It was 14.9% on August 8th.
For all of 2008 it was 13.7%
For all of 2007 it was 10.5%
For all of 2006 it was 7.2%

 Difference Avg. Original List Price and Median Sold Price – Last 180 Days:
Difference from Original List price to Median Sold price is 13.8%.
It was 14.4% on October 8th.
It was 16% on August 8th.
(variance also reflects fluctuations in the average list price)

Posted by Richard Bolen on Wednesday, October 28th, 2009 at 9:58 am.