– Existing, single-family home sales totaled 437,890 in July on a seasonally adjusted annualized rate, up 28.8 percent from June and up 6.4 percent from July 2019.
– July’s statewide median home price was $666,320 up 6.4 percent from June and up 9.6 percent from July 2019.
– Year-to-date statewide home sales were down 10 percent in July.
LOS ANGELES (Aug. 17) – California’s housing market continued to recover as home sales climbed to their highest level in more than two and a half years in July, while setting another record-high median home price, the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) said today. Closed escrow sales of existing, single-family detached homes in California totaled a seasonally adjusted annualized rate of 437,890 units in July, according to information collected by C.A.R. from more than 90 local REALTOR® associations and MLSs statewide. The statewide annualized sales figure represents what would be the total number of homes sold during 2020 if sales maintained the July pace throughout the year. It is adjusted to account for seasonal factors that typically influence home sales.July’s sales total climbed above the 400,000 level for the first time since February 2020, before the COVID-19 crisis depressed the housing market, and was the highest level in more than two and a half years. July sales rose 28.8 percent from 339,910 in June and were up 6.4 percent from a year ago, when 411,630 homes were sold on an annualized basis. July marked the first time in five months that home sales posted an annual gain. Click here to read more.
South Lake Tahoe Real Estate Market Stats
When comparing last week’s stats to this week’s, we are happy to see their was a 7% increase in new listings available. This is great news for buyers! Pending sales did see a slight 1.5% decrease while sold properties went up 6%. Sales are continuing to grow at a sustainable clip AND the Good news is that the inventory of homes is too. A fresh crop of fabulous homes are coming to market to provide the abundance of passionate and qualified new home buyers a proper welcome to our market and our community! To learn more about the market please let us assist you navigate this wacky market and bring some sensibility to it!
During a 72 hour period earlier this week, California experienced a historic lighting siege that resulted in approximately 10,849 lightning strikes across the state causing more than 367 new fires. With some of these fires being close to the Basin, it is no surprise we are seeing so much smoke. Tahoe Living With Fire is a great source to help you stay fire prepared this wildfire season.
There were several positive signs in the economy last week as the labor markets, consumer spending, and homebuyer demand all improved. C.A.R.’s monthly press release showed that California rebounded back to pre-crisis levels of home sales as home prices set a new all-time high last month. However, rates ticked up slightly and REALTORS® reported fewer listing appointments, fewer homes listed on the MLS, fewer transactions entering escrow, and the percentage of respondents that closed a sale last week was flat. Additionally, fewer REALTORS® expected sales, listings, or prices to rise last week compared with the week before. Thus, even as we continue to move in the right direction, the path ahead remains long and the road to recovery will be slow. Click here for more info.
Please call to setup your personal open house! Look below for the agent’s phone numbers who will be at the designated house you’re interested in! Call them for more information.
Best of both worlds, Ol Tahoe historic neighborhood yet a unique newer 5 bdrm., 2 ba charming cabin. All this plus it’s the best of locations in Al Tahoe, near beach, bike trails, shops, lakeview commons and cafs. Original cabin built in the 1930’s but was completely rebuilt in 1990 saving much of the original knotty pine wains-coating. This spacious mtn. style home has been host to many extended family gatherings, vacation home and now a long term rental. Highly desirable multi family or large gathering 2432 sq. ft. spacious floorplan, includes oversized living spaces, bedrooms and outdoor spaces as well. Perfect for entertaining no matter the season. Supersized kitchen with all the amenities, river rock mantel hosts the gas fireplace in the great room, all done in knotty pine making this a warm, inviting room for all. Plus loads of parking and places to hang.
Surrounded by forest with peek-a-boo Lakeview’s, this one of a kind mountain masterpiece is a must see. Built in 2004, this home was finished with attention to the finest detail. Dramatic 22′ open beam ceilings, 60 wood-clad windows and skylights plus rustic maple flooring. The professional chefs kitchen includes built in appliances, granite slab counter tops and custom Alder cabinetry. The home offers not one but two master suites, 4 jetted tubs in all, a game room and hot tub situated in the trees. Located just down the street from the California Lodge at Heavenly on a 10600 sqft lot backing to USFS land.
Looking for a wonderful, spacious home in Round Hill? Here is your chance to own this extremely busy vacation rental. Featuring 5 bedrooms, 4.5 baths and 2856 sqft the home offers an updated kitchen showcasing granite counter tops and newer cabinets, hardwood floors and upgraded bathrooms. walking into the property you are greeted with a separated living area with a beautiful gas fireplace, natural light from numerous windows and French doors that open to a large party deck. The second floor features a second family room, master bedroom and two additional bedrooms and bathroom. The bottom floor has two more bedrooms and a great theater room with surround sound. The three floors offer privacy and room for the whole family. The whole package is wrapped up neatly on .30 acres and is being offered turn key. This is the perfect primary, secondary or vacation rental home.
This fully remodeled custom home has be outfitted with only the highest end finishes. With adding on an additional 1532 sqft of living space, the owner completely changed the style and level of elegance this home had to offer. Over the last three years this extensive remodel has included an entire exterior facelift using redwood and slate, Ipe and slate decking, redwood railings and a new metal roof. Inside includes an addition of two master suites on the bottom level, new oak and mahogany hardwood flooring through out, custom porcelain and marble tilework, heated bathroom floors, custom poured concrete fireplace, stainless steel appliances, quartz counter tops, custom SS and glass railings and so much more. This home is being offered fully furnished with furnishings from West Elm, Pottery barn and Article, a single slab Balinese Suar wood table set in the kitchen and a mid century antique Lane Alta Vista bedroom set. There is just too much to list so this is a must see!
This is the house you are looking for! Great central location with close access to Lake Tahoe and town’s amenities. 100 yards to the creek or a 5 minute walk to the beach. This house has obviously been taken care of and recently remodeled. It won’t last long so come take a look!
Beautiful lot located in lower Montgomery estates. This 8,152 sq. foot lot has an IPES score of 878 and 26% coverage. With quick access to the Truckee river, hiking and biking trails, this property is ideally situated. The lot itself sits higher off the street after a gentle curve on this quiet street giving the feeling of living amongst the trees. Even though its considered the county its close to Lake Tahoe Community College, shopping and eating. Drive by today!
866-542-2912 Toll Free
530-542-2912 Local Contact Us
3599 Lake Tahoe Blvd.
South Lake Tahoe, CA 96150
276 Kingsbury Grade
PO Box 7199
Stateline, NV 89449
DEB HOWARD & CO.
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