South Lake Tahoe Sale Statistics for January 2011

**This post was dated on 2-15-2011 and was transfered from our previous website**

South Lake Tahoe Sale Statistics for January 2011

January 2011 sale statistics compared to the previous months shows that we took a small dip in the market.  Not too bad.

The total units sold in January was 40, same as December 2010 (40 units).

The total dollar value sold in January was $14,071,990, down $2,127,935 from December 2010 ($16,199,925).

The average sale price in January was $351,800, down $53,198 from December 2010 ($404,998).

The amount of REO's sold in January was 7, down 10 from December 2010 (17).

The amount of short sale sold in January was 10, up 4 from December 2010 (6).

I just checked what's pending and the numbers look promising.  There are currently 78 pending.  Of course 28 out of 78 are short sale.  We already have 4 sold since February 1, 2011.  So, I'll keep my eye on the market and I'll keep you posted.  Stay tuned!

*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.