South Lake Tahoe Sale Statistics for February 2010

Posted by Brandon and Grace Yee on Monday, February 14th, 2011 at 3:49pm.

**This post was dated on 3-12010 and was transfered from our previous website**

South Lake Tahoe Sale Statistics for February 2010

South Lake Tahoe sale statistics for February 2010 is showing us that the total unit sold is down 47% from the end of 2009. The median sale price for February is down 8.4% from the end of 2009. We ended 2009 with a bang and it looked like things were looking promising for 2010, but these sale statistics are not saying so.

	Feb-10	Jan-10	Dec-09
Units Sold	26	30	49
Total Dollar Value	$10,259,600	$10,497,500	$22,994,750
Average Sale Price	$394,600	$349,917	$469,281
Median Sale Price	$314,250	$317,250	$343,000
% from last month	-0.90%	-7.50%	3.30%
High	$925,000	$850,000	$3,200,000
Low	$115,000	$150,000	$89,000
Days on Market	163	$169	$154
Distress Sales
REO's	12	$10	$14
Short Sales	4	$8	$7

I went back to look at the sale statistics for the past decade, and it looks like we're going back to 2003 prices. This should be great news to buyers, but not so great for sellers if they bought houses in the height of 2006. Sale statistics for February 2010 median prices went down 35% from February 2006. This is in line with all the distressed sales we're seeing now.

Again, this is great news to buyers to jump on this opportunity. If you've ever dreamt of owning a piece of Tahoe, now is your time! Sale statistics shows us prices haven't been this good since the past 7 years.

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We are the Yee Hedley Group in South Lake Tahoe with Chase International.

We've been selling real estate in Lake Tahoe for the past 40 years and have complete over 3000+ land and home sale transactions.

We specialize in vacation homes, new construction, rental & investment properties, REO, foreclosures, bank owned, short sale, and land for sale. We also specialize in building homes in Lake Tahoe.

Call us today and let's make your dream of owning a property in Lake Tahoe a reality.

Brandon & Grace Yee
Yee Hedley Group
with Chase International

Brandon Yee
CA Realtor
CA# 01439964
530-318-5365

Grace Yee
CA & NV Realtor
CA# 01373609
530-318-5080