South Lake Tahoe Real Estate Market Report for February 2011Posted by The Yee Hedley Group on Wednesday, March 2nd, 2011 at 2:04pm.
South Lake Tahoe Real Estate Market Report for February 2011
February 2011 sales statistics for South Lake Tahoe were down compared to the past three months.
The total units sold in February 2011 was 30 units, down from January 2011 (40 units).
The total dollar value sold in February 2011 was $10,703,100, down from January 2011 ($14,071,990).
The average sales price in February 2011 was $356,770, up from January 2011 ($351,800)
The median sales price in February 2011 was $269,200, down from January 2011 ($305,500). That's down 11.88% from January 2011.
The REO (bank owned) homes sold was 10 units, up from January 2011 (7).
The short sale homes sold was 5 units, down from January 2011 (10).
Although these numbers seems to be going down, remember that February only has 28 days. It's the shortest month of the year. The market does fluctuate, read our South Lake Tahoe Market Analysis Over the Years.
We are still seeing a lot of activities, so we're not too worried about the dip in the market. Until the activities are declining, then we'll start worrying. We'll continue to study the South Lake Tahoe sale statistics, so keep up with our monthly South Lake Tahoe sale statistic reports.
*Data taking from South Tahoe Association of Realtors MLS. Info deemed reliable but not guaranteed. DOM may not reflect total days property has been on market.
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