Market Update – Meyers, South Lake Tahoe

Homeowners in the neighborhood of Meyers, (the entrance to South Lake Tahoe via Highway 50 from Sacramento,) should be smiling a bit more these days.  A review of the previous twelve months’ homes sales through the end of July, 2009, show a 15% improvement in property values as compared to the same period one year ago.  According to statistics provided by the South Tahoe Association of Realtors’ MLS, for the first time since this past March, the median home list price rose to $399,000 with a median sale price of $405,000.  Can you believe it?  This represents a list to sale ratio of 101.5%, (most likely due to one or more properties selling above asking price – one can assume these would be REO sales.) The median home price of $405,000 is the neighborhood’s highest value in the past twelve months.

We have recently updated the neighborhood information regarding the Meyers area in our website. Within this neighborhood profile, one can learn more about the overall make-up of the area, nearby points of interest and follow the real estate market activity as far back as 2003.

Another reason Meyers’ residents are smiling?  The Farmers’ Market has come to “the hood” on Sundays during the month of August.  If all goes well, they are hoping to keep the market on an ongoing summer market.