The Pioneer Trail neighborhood is a popular neighborhood in South Lake Tahoe that had positive notes in most of the categories that we follow. The amount of homes sold decreased slightly by 6.3%. Meanwhile, both the average and median home price increased. The average home price increased by 11.4% and the median home price increased by 20.1%. The days on the market (the time between listing and close of escrow) also decreased slightly while the $ per square footage went up.
The month supply of available homes increased from 3.2 in 2016 to 1.5 in 2017. Under 4 months indicates a seller market. The list to sale ratio went up 2.9%.
|Pioneer Trail Market Comparison||2017||2016|
|Number of Sales||30||32|
|Median Home Price||$429,500||$357,500|
|Average Home Price||$446,307||$400,803|
|Average List to Sale Ratio||99.7%||96.9%|
|Average Dollar Per Square Foot||$268||$252|
|Days on the Market||81||82|