South Lake Tahoe Market Update for the The “Y” Neighborhood, 3rd Quarter, 2011

According to the South Lake Tahoe Association of REALTOR’s Multiple Listing Services, there have been 16 homes sold through the first three quarters of the year (January 1 – September 30) of 2011 in the neighborhood of The “Y”, including only single family residential properties. From the 16 properties sold in the first three quarters of 2011, 3 of them were short sales and 10 were foreclosures. During the same period in 2010 there was 9 homes sold. Of 9 properties sold in 2010, 1 of them was a short sale and 6 were foreclosures.

Of the16 homes sold this year, the median home price is $194,027, the median home price is $12,445 down from $206,472 during 2010. The average days on the market in the first three quarters of 2011 is 212 days, compared to 131 days during the same period in 2010. The average for the current price per square feet is $132, down from $175 pr/sqft in 2010.

There are currently 17 homes on the market within the he “Y” area as of October 10th, 4 of which are in escrow. Of the homes in escrow, the prices range from a low of $99,800 up to $329,000, all with an average of $151 price per square feet.

South Lake Tahoe Market Update for the Tahoe Paradise Neighborhood, 3rd Quarter, 2011

According to the South Lake Tahoe Association of REALTOR’s Multiple Listing Services, there have been 13 homes sold through the first three quarters of the year (January 1 – September 30) of 2011 in the neighborhood of Tahoe Paradise, including only single family residential properties. From the 13 properties sold in the first three quarters of 2011, 2 of them were short sales and 2 were foreclosures. During the same period in 2010 there was 28 homes sold. Of 28 properties sold in 2010, 4 of them were short sales and 7 were foreclosures.

Of the13 homes sold this year, the median home price is $291,685, the median home price is $114,338 down from $406,023 during 2010. The average days on the market in the first three quarters of 2011 is 184 days, compared to 143 days during the same period in 2010. The average for the current price per square feet is $171, down from $211 pr/sqft in 2010.

There are currently 24 homes on the market within the Tahoe Paradise area as of October 10th, 8 of which are in escrow. Of the homes in escrow, the prices range from a low of $165,000 up to $575,000, all with an average of $177 price per square feet.

South Lake Tahoe Market Update for the Tahoe Keys Neighborhood, 3rd Quarter, 2011

According to the South Lake Tahoe Association of REALTOR’s Multiple Listing Services, there have been 36 homes sold through the first three quarters of the year (January 1 – September 30) of 2011 in the neighborhood of Tahoe Keys, including only single family residential properties. From the 36 properties sold in the first three quarters of 2011, 6 of them were short sales and 8 were foreclosures. During the same period in 2010 there was 39 homes sold. Of 39 properties sold in 2010, 4 of them were short sales and 5 were foreclosures.

Of the 36 homes sold this year, the median home price is $710,269, the median home price is $171,013 down from $881,282 during 2010. The average days on the market in the first three quarters of 2011 is 241 days, compared to 219 days during the same period in 2010. The average for the current price per square feet is $285, down from $351 pr/sqft in 2010.

There are currently 39 homes on the market within the Tahoe Keys area as of October 10th, 9 of which are in escrow. Of the homes in escrow, the prices range from a low of $410,000 up to $3,595,000, all with an average of $363 price per square feet.

South Lake Tahoe Market Update for the Tahoe Island Park Neighborhood, 3rd Quarter, 2011

According to the South Lake Tahoe Association of REALTOR’s Multiple Listing Services, there have been 11 homes sold through the first three quarters of the year (January 1 – September 30) of 2011 in the neighborhood of Tahoe Island Park, including only single family residential properties. From the 11 properties sold in the first three quarters of 2011, 4 of them were short sales and 4 were foreclosures. During the same period in 2010 there was 7 homes sold. Of 7 properties sold in 2010, 6 of them were foreclosures.

Of the 11 homes sold this year, the median home price is $288,108, the median home price is $45,522 up from $242,586 during 2010. The average days on the market in the first three quarters of 2011 is 196 days, compared to 70 days during the same period in 2010. The average for the current price per square feet is $180, up from $169 pr/sqft in 2010.

There are currently 18 homes on the market within the Tahoe Island Park area as of October 10th, 5 of which are in escrow. Of the homes in escrow, the prices range from a low of $205,200 up to $438,010, all with an average of $174 price per square feet.

South Lake Tahoe Market Update for the Tahoe Island Drive Neighborhood, 3rd Quarter, 2011

According to the South Lake Tahoe Association of REALTOR’s Multiple Listing Services, there have been 20 homes sold through the first three quarters of the year (January 1 – September 30) of 2011 in the neighborhood of Tahoe Island Drive, including only single family residential properties. From the 20 properties sold in the first three quarters of 2011, 4 of them were short sales and 4 were foreclosures. During the same period in 2010 there was 19 homes sold. Of 19 properties sold in 2010, 1 of them was a short sale and 6 were foreclosures.

Of the 20 homes sold this year, the median home price is $223,480, the median home price is $66,283 down from $289,763 during 2010. The average days on the market in the first three quarters of 2011 is 191 days, compared to 140 days during the same period in 2010. The average for the current price per square feet is $163, down from $200 pr/sqft in 2010.

There are currently 16 homes on the market within the Tahoe Island Drive area as of October 7th, 4 of which are in escrow. Of the homes in escrow, the prices range from a low of $189,000 up to $350,000, all with an average of $215 price per square feet.