South Lake Tahoe Market Update for the Meyers Neighborhood, 4th Quarter 2012
According to the South Lake Tahoe Association of REALTOR’s Multiple Listing Services, there have been 29 homes sold through the past 12 months (Jan – Dec 2012) in the neighborhood of Meyers, including single family residential properties and condo/townhouses. From the 29 properties sold 4 of them were short sales and 7 were foreclosures. During the same period in 2011 there was 24 homes sold. Of 24 properties sold in 2011, 3 of them were short sales and 12 were foreclosures.
Of the 29 homes sold this year, the median home price is $199,000, the median home price is up 1.1% from $196,800 during 2011. The average days on the market for the neighborhood of Meyers in the past 12 months was 142 days, compared to 159 days during the same period in 2011. The average for the current price per square feet is $159, down from $167 price/sqft in 2011.
There are currently 5 homes for sale on the market within the Meyers area as of January 22nd. These homes for sale have an average of $171 price per square feet. Their asking prices range from $139,9Single-family home, 3 beds/1 baths/1 car garage with 1,064sf of living space built in 1956) up to $439,000 (Single-family home, 5 beds/3 baths/1 car garage with 2,346sf of living space built in 2010).
In the neighborhood of Meyers there were less homes for sale on the market in the past 12 months compared to the same period in 2011. The month supply in the past 12 months was 4.4 months of inventory, 48.6% less from 2011 that had a supply of 8.6 months worth of inventory.
The chart below shows the number of closed sales for the past 12 months divided by price range.
South Lake Tahoe Market Update for the Highland Woods Neighborhood, 4th Quarter 2012
According to the South Lake Tahoe Association of REALTOR’s Multiple Listing Services, there have been 11 homes sold through the past 12 months (Jan – Dec 2012) in the neighborhood of Highland Woods, including single family residential properties and condo/townhouses. From the 11 properties sold 4 of them were short sales and 2 were foreclosures. During the same period in 2011 there was 8 homes sold. Of 8 properties sold in 2011, 1 of them was a short sale and 2 were foreclosures.
Of the 11 homes sold this year, the median home price is $315,000, the median home price is up 10.1% from $286,200 during 2011. The average days on the market for the neighborhood of Highland Woods in the past 12 months was 168 days, compared to 125 days during the same period in 2011. The average for the current price per square feet is $169, down from $178 price/sqft in 2011.
There are currently 2 homes for sale on the market within the Highland Woods area as of January 22nd. These homes for sale have an average of $188 price per square feet. Their asking prices range from $408,000 (Single-family home, 3 beds/3 baths/2 car garage with 1,993sf of living space built in 2012) up to $449,00S (single-family home, 4 beds/3 baths/2 car garage with 2,632sf of living space built in 1979).
In the neighborhood of Highland Woods there were less homes for sale on the market in the past 12 months compared to the same period in 2011. The month supply in the past 12 months was 2.6 months of inventory, 60.3% less from 2011 that had a supply of 6.6 months worth of inventory.
The chart below shows the number of closed sales for the past 12 months divided by price range.
South Lake Tahoe Market Update for the Heavenly Valley Neighborhood, 4th Quarter 2012
According to the South Lake Tahoe Association of REALTOR’s Multiple Listing Services, there have been 32 homes sold through the past 12 months (Jan – Dec 2012) in the neighborhood of Heavenly Valley, including single family residential properties and condo/townhouses. From the 32 properties sold 2 of them were short sales and 8 were foreclosures. During the same period in 2011 there was 25 homes sold. Of 25 properties sold in 2011, 4 of them were short sales and 5 were foreclosures.
Of the 32 homes sold this year, the median home price is $317,000, the median home price is down 2.3% from $325,000 during 2011. The average days on the market for the neighborhood of Heavenly Valley in the past 12 months was 171 days, compared to 210 days during the same period in 2011. The average for the current price per square feet is $198, down from $208 price/sqft in 2011.
There are currently 12 homes for sale on the market within the Heavenly Valley area as of January 21st. These homes for sale have an average of $265 price per square feet. Their asking prices range from $199,000 (Condo, 2 beds/2 baths/no garage with 1,011sf of living space built in 1972) up to $1,899,000 (single-family home, 4 beds/4 baths/2 car garage with 4,859sf of living space built in 1981 with amazing Lake Views).
In the neighborhood of Heavenly Valley there were less homes for sale on the market in the past 12 months compared to the same period in 2011. The month supply in the past 12 months was 6 months of inventory, 56.6% less from 2011 that had a supply of 13.9 months worth of inventory.
The chart below shows the number of closed sales for the past 12 months divided by price range.
South Lake Tahoe Market Update for the Gardner Mountain Neighborhood, 4th Quarter 2012
According to the South Lake Tahoe Association of REALTOR’s Multiple Listing Services, there have been 31 homes sold through the past 12 months (Jan – Dec 2012) in the neighborhood of Gardner Mountain, including single family residential properties and condo/townhouses. From the 31 properties sold 5 of them were short sales and 9 were foreclosures. During the same period in 2011 there was 27 homes sold. Of 27 properties sold in 2011, 4 of them were short sales and 10 were foreclosures.
Of the 31 homes sold this year, the median home price is $210,000, the median home price is down 1.2% from $212,500 during 2011. The average days on the market for the neighborhood of Gardner Mountain in the past 12 months was 123 days, compared to 161 days during the same period in 2011. The average for the current price per square feet is $159, down from $166 price/sqft in 2011.
There are currently 7 homes for sale on the market within the Gardner Mountain area as of January 21st. These homes for sale have an average of $209 price per square feet. Their asking prices range from $164,000 (Single-family home, 2 beds/2 baths/no garage with 863sf of living space built in 1972) up to $599,000 (single-family home, 4 beds/3 baths/2 car garage with 3,259sf of living space built in 2011).
In the neighborhood of Gardner Mountain there were less homes for sale on the market in the past 12 months compared to the same period in 2011. The month supply in the past 12 months was 4 months of inventory, 47.2% less from 2011 that had a supply of 7.6 months worth of inventory.
The chart below shows the number of closed sales for the past 12 months divided by price range.
South Lake Tahoe Market Update for the Country Club Estates Neighborhood, 4th Quarter 2012
According to the South Lake Tahoe Association of REALTOR’s Multiple Listing Services, there have been 20 homes sold through the past 12 months (Jan – Dec 2012) in the neighborhood of Country Club Estates, including single family residential properties and condo/townhouses. From the 20 properties sold 5 of them were short sales and 7 were foreclosures. During the same period in 2011 there was 22 homes sold. Of 22 properties sold in 2011, 9 of them were short sales and 2 were foreclosures.
Of the 20 homes sold this year, the median home price is $295,000, the median home price is down 21.4% from $375,500 during 2011. The average days on the market for the neighborhood of Country Club Estates in the past 12 months was 140 days, compared to 174 days during the same period in 2011. The average for the current price per square feet is $180, down from $190 price/sqft in 2011.
There are currently 10 homes for sale on the market within the Country Club Estates area as of January 21st. These homes for sale have an average of $224 price per square feet. Their asking prices range from $219,900 (Single-family home, 3 beds/2 baths/no garage with 1,104sf of living space built in 1978) up to $1,175,000 (single-family home, 5 beds/3 baths/3 car garage with 4,485sf of living space built in 2007).
In the neighborhood of Country Club Estates there were less homes for sale on the market in the past 12 months compared to the same period in 2011. The month supply in the past 12 months was 5.8 months of inventory, 28.9% less from 2011 that had a supply of 8.1 months worth of inventory.
The chart below shows the number of closed sales for the past 12 months divided by price range.
