April 2016 Lake Tahoe Real Estate Stats

Price increase continues…stats from South Lake Tahoe MLS as of 4.30.16.

Two months in a row now, with Apr. South Lake Tahoe, single family properties increasing 6.9% to $379,500 from this same time period last year…however, inventory remains very low with just 167 active listings on all of the California side of the South Shore…will be interesting to see this number by July 1st in anticipation of the prime listing season.

Median price for condos was, again for the 2nd month in a row, a different story at $269,00 and a 10% drop from last year at the same time in March.

My personal observation…as of Apr. 15th, 100 properties have been listed and 48 of them are already in escrow.

Wally the Skier Realtor

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