South Lake Tahoe Real Estate Market Report for July 2011

Posted by The Yee Hedley Group on Sunday, September 18th, 2011 at 3:39pm.

South Lake Tahoe Real Estate Market Report for July 2011

(Revised on 1-9-2012, I looked back for sold data and I found one more unit that had been added to our MLS since I initial did my stats. Therefore the average price, median price, percentage from last month's median, average price per sq. ft., average days on market, and REO's units has been remodified. I've also made revisions for future months' market reports)

July 2011 Single Family Home Sold Statistic, I've also included June and May sold statistics for comparison:

 Jul-11Jun-11May-11
Units Sold434935
Total Dollar Value Sold$12,772,200$19,345,649$11,087,200
Average$297,028$394,809$316,777
Median$235,000$285,000$285,000
Percentage From Last Month's Median-17.54%0.00%-9.37%
High$900,000$2,630,000$750,000
Low$90,000$70,000$65,000
Average Price Per Square Feet$179$191$183
Average Days On Market131194161
Distressed Home Sales:


REO's (bank owned/foreclosed homes)161614
Short Sale8118

South Lake Tahoe Sold Price Survey, this is a breakdown of price point consumers are buying:

 Jul-11
Under $199,99915
$200,000-399,99917
$400,000-599,9997
$600,000-799,9993
$800,000-999,9991

South Lake Tahoe Area Market Survey, this is a breakdown of the area and the median sold price that consumers bought for July 2011.  The highest median sold price was in Tahoe Keys and the lowest median sold price was in Stateline:

 Jul-11Units Sold
Al Tahoe$236,5002
Bijou 1$205,0005
Bijou 2 0
Black Bart 0
Christmas Valley 1$159,0001
Christmas Valley 2$295,0002
Echo View Estates 0
Country Club Estates$464,0002
Gardner Mountain$282,0002
Heavenly Valley$530,0002
Highland Woods 0
Meyers$175,0003
Montgomery Estates$305,0001
N Upper Truckee 1$235,0003
N Upper Truckee 2$200,0001
Pioneer Trail$430,0002
Pioneer Village 0
Sierra Tract$144,9504
Sky Meadows 0
Stateline$125,0001
Tahoe Island Drive$244,0002
Tahoe Island Park 0
Tahoe Keys$566,7504
Tahoe Meadows 0
Tahoe Paradise$331,2504
Y Area$150,0001

*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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Brandon and Grace Yee
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