Lake Tahoe Real Estate Blog by The Yee Hedley Group

Your source for Lake Tahoe real estate blog, market reports, sale statistics, market analysis, and Lake Tahoe MLS.

South Lake Tahoe Home Sale Market Conditions

South Lake Tahoe Home Sale Market Conditions for December 2010.

There were 40 houses that closed for December 2010 in South Lake Tahoe.  You have to keep in mind that we are a small city with only 296 houses on the market, so having 40 houses close is like having 13.5% of the inventory sold.

The chart below shows the market conditions for home sales in South Lake Tahoe that compares to the previous two months. 

The market conditions shows us that the average sale price was $404,998 and the median sale price was $332,000.  As you can see the percentage of the median price went up by 13.99% from November.  We had a dip in October, but we got back up just in time for the end of 2010.

The distressed sales were high which counts for 57.5% of our total units closed for December 2010.

  December 2010 November 2010 October 2010
Units Sold 40 38 45
Total Dollar Value Sold $16,199,925 $13,791,500 $16,076,825
Average Sales Price $404,998 $362,934 $357,263
Median $332,000 $291,250 $297,000
Percentage From Last Month (approx.) 13.99% -1.94% -10.14%
High $1,600,000 $1,157,000 $950,000
Low $88,725 $144,000 $85,000
Percentage of Sales Price From List Price 94.08% 95.28% 93.21%
Average Price Per Square Feet $192 $212 $201
Average Days On Market 195 131 143
Distressed Sales      
REO's (bank owned foreclosures) 17 12 10
Short Sales 6 8 5

 

Let's explore your investment opportunities!

Brandon & Grace Yee
Yee Hedley Group
with Chase International

www.YeeHedleyGroup.com

Brandon Yee
CA Realtor
CA# 01439964
530-318-5365

Grace Yee
CA & NV Realtor
CA# 01373609
530-318-5080

About Us:

The Yee Hedley Group has been in Lake Tahoe real estate for over 35 years and has completed over 3000 Lake Tahoe real estate transactions.  The Yee Hedley Group credits its success to experience, hard work, creativity, attention to detail, and care and understanding of their clients needs.

 

 

Yee Hedley Group, brandon yee, grace yee, south lake tahoe, lake tahoe, real estate, realtors, chase international

    Brandon and Grace Yee 

     South Lake Tahoe Real Estate 

     Search for all Lake Tahoe Real Estate 

     530.310.5080     www.YeeHedleyGroup.com

 

Grace Yee     CA License #01373609   NV License #S.0167586

Brandon Yee  CA License #01439964

 

Comment balloon 0 commentsBrandon & Grace Yee • January 04 2011 05:52PM
South Lake Tahoe Home Sale Market Conditions
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South Lake Tahoe Home Sale Market Conditions for December 2010. There were 40 houses that closed for December 2010 in South Lake Tahoe. You have to keep in mind that we are a small city with only 296 houses on the market, so having 40 houses… more