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MICROMARKET

REPORT SOUTH LAKE TAHOE | Quarter 3 2019 Average Sale Price

$750,000 $500,000

$601 K $545 K $515 K $473 K

$432 K

$250,000 $0

2015

2016

2017

2018

2019

Data was compiled from the South Tahoe Association of Realtors MLS and includes South Lake Tahoe zip codes. Third party information has not been verified.

Total Units Sold

600

400

530

582

559

538 459

200

0

2015

2016

2017

2018

TA H O E M I C R O R E P O R TS . C O M

2019


MARKET SNAPSHOT Average Sold Price Quarter 3 2019

140 %

1%

LAKEFRONT SINGLE FAMILY

NON-LAKEFRONT SINGLE FAMILY

2018....... $857,500

2018....... $586,344

2019....... $2,060,417

2019....... $578,852

54 %

35 %

LAKEFRONT CONDO

NON-LAKEFRONT CONDO

2018....... $753,875

2018....... $433,036

2019....... $346,780

2019....... $428,029

4%

41 %

TAHOE KEYS SINGLE FAMILY

TAHOE KEYS CONDO

2018....... $980,375

2018....... $312,500

2019....... $1,021,763

2019....... $440,083

2%

2%

SOUTH LAKE TAHOE CITY SINGLE FAMILY

SOUTH LAKE TAHOE COUNTY SINGLE FAMILY

2018....... $564,383

2018....... $617,392

2019....... $576,553

2019....... $603,789

SOUTH LAKE TAHOE, Q3 2019

TA H O E M I C RO R E P O RTS.CO M


SOUTH LAKE TAHOE

| MICRO MARKET STATS

January through September

ALL LAKEFRONT single family

2018

2019

Change

Median Price

$857,500

$1,227,500

43%

Average Sold Price

$857,500

$2,060,417

140%

258

101

-61%

Highest Sold Price

$975,000

$5,800,000

495%

Lowest Sold Price

$740,000

$857,500

16%

2

6

200%

98%

96%

-3%

$1,715,000

$12,362,500

621%

2018

2019

Change

Median Price

$475,000

$487,000

3%

Average Sold Price

$558,127

$605,928

9%

104

109

5%

Highest Sold Price

$2,750,000

$12,100,000

340%

Lowest Sold Price

$187,000

$85,000

-55%

Properties Sold

489

439

-10%

% Sold Price to Average List Price

97%

97%

0%

$272,923,907

$266,002,332

-3%

Average Days on Market

Properties Sold % Sold Price to Average List Price Total Dollar Volume Sold

January through September

ALL NON-LAKEFRONT single family

Average Days on Market

Total Dollar Volume Sold

SOUTH LAKE TAHOE, Q3 2019

TA H O E M I C RO R E P O RTS.CO M


SOUTH LAKE TAHOE

| MICRO MARKET STATS

January through September

LAKEFRONT condos

2018

2019

Change

Median Price

$445,000

$359,000

-19%

Average Sold Price

$564,047

$500,527

-11%

133

79

-41%

Highest Sold Price

$2,600,000

$1,225,000

-53%

Lowest Sold Price

$235,000

$210,000

-11%

17

11

-35%

95%

96%

1%

$9,588,800

$5,505,800

-43%

2018

2019

Change

Median Price

$370,000

$365,000

-1%

Average Sold Price

$449,249

$461,607

3%

119

121

2%

Highest Sold Price

$1,550,000

$1,389,000

-10%

Lowest Sold Price

$125,000

$139,000

11%

87

52

-40%

97%

97%

0%

$39,084,626

$24,003,575

-39%

Average Days on Market

Properties Sold % Sold Price to Average List Price Total Dollar Volume Sold

January through September

NON-LAKEFRONT condos

Average Days on Market

Properties Sold % Sold Price to Average List Price Total Dollar Volume Sold

SOUTH LAKE TAHOE, Q3 2019

TA H O E M I C RO R E P O RTS.CO M


SOUTH LAKE TAHOE

| MICRO MARKET STATS

January through September

2018

2019

Change

$832,000

$780,000

-6%

$1,002,668

$1,019,811

2%

145

126

-13%

Highest Sold Price

$2,750,000

$2,600,000

-5%

Lowest Sold Price

$450,000

$421,000

-6%

44

38

-14%

94%

95%

1%

$44,117,375

$38,752,800

-12%

2018

2019

Change

Median Price

$463,000

$519,000

12%

Average Sold Price

$440,770

$591,750

34%

105

130

24%

Highest Sold Price

$578,200

$1,225,000

112%

Lowest Sold Price

$240,000

$365,000

52%

20

10

-50%

98%

94%

-4%

$8,815,400

$5,917,500

-33%

Median Price Average Sold Price

TAHOE KEYS single family

Average Days on Market

Properties Sold % Sold Price to Average List Price Total Dollar Volume Sold

January through September

TAHOE KEYS condos

Average Days on Market

Properties Sold % Sold Price to Average List Price Total Dollar Volume Sold

SOUTH LAKE TAHOE, Q3 2019

TA H O E M I C RO R E P O RTS.CO M


SOUTH LAKE TAHOE

| MICRO MARKET STATS

January through September

SOUTH LAKE TAHOE CITY single family

2018

2019

Median Price

$440,000

$455,000

3%

Average Sold Price

$543,702

$621,526

14%

Average Days on Market

105

111

6%

Highest Sold Price

$2,750,000

$12,100,000

340%

Lowest Sold Price

-14%

$202,500

$175,000

Properties Sold

246

249

1%

% Sold Price to Average List Price

96%

96%

0%

$133,750,635

$154,760,070

16%

Total Dollar Volume Sold

January through September

SOUTH LAKE TAHOE COUNTY single family

2018

2019

Change

Median Price

$517,000

$560,000

8%

Average Sold Price

$569,711

$600,435

5%

Average Days on Market

92

98

7%

Highest Sold Price

$2,425,000

$1,700,000

-30%

Lowest Sold Price

$206,000

$227,000

10%

205

161

-21%

Properties Sold % Sold Price to Average List Price

98%

97%

-1%

$116,790,772

$96,670,012

-17%

2018

2019

Change

Median Price

$395,000

$362,000

-8%

Average Sold Price

$491,867

$496,862

1%

106

96

-9%

Highest Sold Price

$2,600,000

$1,389,000

-47%

Lowest Sold Price

$125,000

$150,000

20%

87

48

-45%

Total Dollar Volume Sold

SOUTH LAKE TAHOE CITY & COUNTY

January through September

Average Days on Market

Properties Sold

condo

SOUTH LAKE TAHOE, Q3 2019

Change

% Sold Price to Average List Price Total Dollar Volume Sold

97%

97%

1%

$42,792,426

$23,849,375

-44%

TA H O E M I C RO R E P O RTS.CO M


SOUTH LAKE TAHOE NEIGHBORHOODS

8 3

7 1 6 4 2

9

10 5

1 Tahoe Keys

5 Meyers

9 Fallen Leaf Lake

2 Montgomery Estates

6 Y Area

10 Country Club Estates

3 Cascade Properties

7 Heavenly Valley

4 Pioneer Trail

8 Stateline

SOUTH LAKE TAHOE, Q3 2019

TA H O E M I C RO R E P O RTS.CO M


LIVE INSPIRED The location, the style, the feeling you get when you walk through the door –every aspect of your home should be aFor reflection who you are, where you’ve yourofnext chapter been,Your and to live. homethe is morelife than ayou buildingaspire or an address. It’s where you experience life, family, connection, growth. home should be as exceptional as you are, Your best life Your begins with a home that inspires you. and as you are going to be. For a lifestyle inspired by your potential, there is only Sierra Sotheby’s International Realty.

Only

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|

SOUTH LAKE TAHOE

|

SQUAW VALLEY

|

TAHOE CITY

|

THE ROCK, TRUCKEE

|

775.832.4900 DOWNTOWN TRUCKEE

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