The following is the Tahoe Paradise, South Lake Tahoe real estate market update for the year end of 2013. The news in nearly every category provides positive news toward the recovery of home values in this area. The following statistics are taken from the South Lake Tahoe Association of REALTORS® Multiple Listing Services and are derived from the averages of the previous 12 months. This system is most preferred as it includes both high and low seasons and is the same system used by the National and California Association of REALTORS®.
Here’s what we discovered for 2013 market trends: The number of closed sales are down most likely due to low inventory, however the median home prices and the list to sale ration are up. Along with these improvements we find that the time on the market (which includes and average 45 day escrow), and the month supply of homes (the time it would take to sell the current inventory if all other factors remain consistent) are both down.