South Lake Tahoe Real Estate Market Report for March 2011

Posted by The Yee Hedley Group on Sunday, April 3rd, 2011 at 2:58pm.

South Lake Tahoe Real Estate Market Report for March 2011

Now, when it comes to numbers...I'm proud to say that I'm sort of a nerd. I love numbers and I personally love to see what the market trends are like for South Lake Tahoe. With that being said, I'm pleased to let you know that our South Lake Tahoe market is doing really well.

I have to admit last month when I was working on putting the sale statistic chart for February 2011, I was a little concerned with the total dollar value sold was at $10,703,100 (down -$3,368,890 from January 2011). I did realize that the activity in town and at our Chase International office that the numbers should be getting better. I guess it did worked itself out. The South Lake Tahoe sale statistics for March 2011 are up and up.

	Mar-11	Feb-11	Jan-11
Units Sold	44	30	40
Total Dollar Value Sold	$15,397,425	$10,703,100	$14,071,990
Average Sales Price	$349,941	$356,770	$351,800
Median	$306,000	$269,200	$305,500
Percentage From Last Month's Median	13.67%	-11.88%	-7.98%
High	$965,000	$950,000	$800,000
Low	$109,000	$136,900	$122,000
Average Price Per Square Feet	$196	$188	$205
Average Days On Market	153	195	186
Distressed Sales
REO's (bank owned foreclosures)	17	10	7
Short Sales	3	5	10

If you like to see the South Lake Tahoe sale statistics for the past six months in a line chart I have that covered:

*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.

Search the entire South Lake Tahoe MLS for all homes for sale.