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Home > South Lake Tahoe Real Estate Market Update – Winter 2016

South Lake Tahoe Real Estate Market Update – Winter 2016

January 27, 2016 by mmorriss

As of 1/20/2016, the South Lake Tahoe real estate market has only 3 single family homes on the market priced under $215,000. We are at a critical low for homes on the market compared to the amount of buyer’s looking to purchase. The graph below shows the number of pending sales over the last year – you can see that the number of homes in escrow is continuing to climb.

Pending Sales

 

Now look at the 2 graphs below showing the active homes on the market. One graph is showing homes listed between $215,000-$479,000. The second graph is showing homes listed over $479,000. They are both decreasing.

215-319

479 and up

 Typically this strong demand for homes but with a low inventory causes prices to go higher.  There are always other factors that affect the housing market as well such as interest rates and global concerns, so we will have to wait and see how 2016 shapes up for the South Lake Tahoe market.

**The median sales price in the 96150 zip code changed from $349,000 in December of 2014 to $369,000 in December of 2015.

Do you want statistics for a specific neighborhood or statistics in relationship to your own home or a home you are interested in purchasing? Don’t hesitate to ask and we can provide a detailed report for your own individual real estate needs.

Filed Under: Market Reports, Real Estate News Tagged With: market reports, real estate news

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Ascent Property Group
South Lake Tahoe, CA
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Michelle, Nicole & Rene

Lake Tahoe real estate agents Rene Brejc, Nicole Zaborsky, Kelli Potts & Michelle Morriss have a combined 45+ years of experience and we put that experience to work to provide our clients with top notch service ... Meet Rene, Nicole & Michelle

Michelle Morriss CA BRE #01350248  •  Rene Brejc CA BRE 01357744 NV RED B.19444  •  Nicole Zaborsky CA BRE 02043717 NV RED S.0183451
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