Real Estate Statistics for South Lake Tahoe – February 2014

Only 2 Months into 2014 the South Lake Tahoe Real Estate market was up 31.2% from the same time last year. With the median sales price last year being $254,500 the new 2014 median sales price for the month of February is $334,000 this year!Lake Tahoe -February
With the lack of inventory available to purchase on the market, properties are moving quickly if priced right. From January through February 2014 there have been 91 single family and condos that have closed escrow. In January 2014 there were 43 closed sales and in February 2014 there were 48 closed sales in Single Family and condos. This is up from 2013, there was only 81 closed sales from January through February 2013.
In the month of March alone there have already been 37 closed sales in Single Family homes and condos and the month is not over yet! Let’s see if the South Lake Tahoe Market can keep climbing month over month for 2014.  We can’t wait to see what the Spring & Summer months ahead will do.  With Summer upon us we will start seeing more listing come onto the market hoping to to see an increase in inventory.

I would say all in all it has been a great start to 2014 for the real estate economy!

Are you interested in a home in the area?  Or want statistics for a specific neighborhood?  Don’t hesitate to ask and I can provide a detailed report for your own individual real estate needs.

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