It’s Better in South Lake Tahoe, CA, and Somewhat the Same for the Nevada side of the Lake.
(Lake Tahoe Real Estate Blog / July 22, 2010 / Richard Bolen)
There are various reports and press releases floating around out there pertaining to real estate activity in the first half of 2010.
The sources for this report are the four different multiple listing services that serve the Lake Tahoe area. All herein is documentable and such will be provided upon request.
REAL ESTATE RECAP from Jan 1, 2010 to June 30, 2010: (MLS source indicated for each area)
South Lake Tahoe, CA: (Northern Nevada Regional MLS)
- The median sold price not including the Tahoe Keys is: $315,500
- The median sold price including the Tahoe Keys is: $329,500
- The median sold price for the same time period last year including the Tahoe Keys was: $315,000
- Median sold price of bank owned homes sold is: $237,500
- Median sold price of short sales sold is: $351,500
- The number of homes sold is: 242
- The number of homes sold as of June 30th last year was: 167
- The increase in home sales this year compared to the same time period last year is: 75 (44.9%)
- The percent of distressed homes sold is: 51.2%
- The percent of distressed homes sold all of last year was: 39.9%
- The price range where most home sales are is: 42.6% under $300,000 (103 of 242 total sales)
- The price range where most distressed home sales are is: 54% under $300,000 (67 of 124 distressed sales)
- The number of luxury homes sold above $1,000,000 is: 6
- The number of luxury homes sold above $1,000,000 this time last year was: 2
Stateline, NV : (South Tahoe Association of Realtors MLS)
Continue reading “ Lake Tahoe Real Estate News: the first half of 2010” on our main blog.
For additional pertinent information on the South Lake Tahoe real estate market, visit the Lake Tahoe Real Estate Blog.
Tags: 2010 Home Sales, Foreclosures, listings, short sales, South Lake Tahoe Real Estate
