South Lake Tahoe Real Estate Market Report Statistics for June 2011

Posted by The Yee Hedley Group on Thursday, July 14th, 2011 at 2:11pm.

South Lake Tahoe Real Estate Market Report Statistics for June 2011

We had a very good month for South Lake Tahoe single family home sale for June 2011.  This is a huge jump up from May 2011 sale stats.  

 Jun-11May-11Apr-11
Units Sold493538
Total Dollar Value Sold$19,345,649$11,087,200$12,998,380
Average Sales Price$394,809$316,777$342,063
Median$285,000$285,000$314,500
Percentage From Last Month's Median0.00%-9.37%2.77%
High$2,630,000$750,000$1,300,000
Low$70,000$65,000$65,000
Average Price Per Square Feet$191$183$186
Average Days On Market194161141
Distressed Home Sales


REO's (bank owned/foreclosed homes)161414
Short Sale1188

I think it's great to see what's sold, but what's equally important is to see what the Active and Pending activities look like.  Especially, Pending, because that shows the kind of activities we're having and it's a forecast for what the sold stats will be like for that month. 

I started compiling this information back in the beginning of May 2011 for myself, but I want to share this forecast with you so you can keep your eye on our South Lake Tahoe single family home market if you're on the fence of buying or selling a home.

 7/5/2011 5/9/2011
Active396 286
REO's32 25
Short Sale40 32
Pending82 84
Non-Distressed homes31 25
Total Dollar Value (pre closing value)$27,653,888 $12,970,749
REO's14 18
Short Sale37 41

If we look at the month of May forecast in Total Dollar Value (pre closing value) was at $12,970,749 and look at May's closing (see the first chart) at $11,087,200, there's a difference of -$1,883,549 that is most likely due to short sales that have not closed yet. 

Now, July's forecast in Total Dollar Value (pre closing value) is at $27,653,888 which is a healthy sign for what July can close at, so keep your eye out for my July Market Report Statistics in early August.

I didn't get a chance to do early June 2011 forecast, because I was traveling abroad for the month of June.

If you like reading my blogs on Market Report Statistics on South Lake Tahoe single family home sale or on other related topics, click on this icon: rss_40 to follow us. 

Thanks and we welcome your comments.

~Grace

*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
The Yee Hedley Group
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Brandon Yee
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Grace Yee
CA License #01373609
NV License #S.0167586
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