Tahoe Keys- End of the Year Comparisons

Buyers looking for waterfront properties will be thrilled to know that their best opportunities may be right here/right now.  According to the South Tahoe Association of REALTORS®’ MLS, there were 63 closed escrows in the Tahoe Keys neighborhood during 2011. This number remained about the same as the previous year, in 2010 there were 67 closed escrows. In 2009 the number of closed Tahoe Keys sales was much lower at 38.

The median sales price for the Tahoe Keys homes that sold in 2011 was $515,000. This number was higher in 2010 with a median of $625,000. And in 2009 it was even a bit higher at $670,000.

As for the list price to sold price ratio, the homes that sold in the Tahoe Keys during 2011 sold for an average of 93.6% of the asking price. The list to sold ratio has pretty much remained the same over the last couple of years, in 2010 they sold for an average of 93% and in 2009 the homes sold for an average of 9+2.4% of the asking price.

The average amount of time on the market for the homes that sold in Tahoe Keys in 2011 was 220 days (this is including the escrow period). During 2010 they were on the market for an average of 188 days. Two years before in 2009 the average time on the market was 189 days.

At the end of the December in 2011 there were 38 homes and condos listed for sale in the Tahoe Keys neighborhood according to the South Tahoe Association of REALTORS®’ MLS. The lowest priced property on the market at the end of 2011 was $128,725 for 477 Ala Wai #82. This is a studio condo with 1 bath and 502 square feet of living space. The highest priced property at the end of the year was listed at $3,595,000 for 10 Lighthouse Shores. This is a lakefront home with 4 bedrooms, 5 baths and 4433 square feet of living space.

 

 

Tahoe Island Park- End of the Year Comparisons

According to the South Tahoe Association of REALTORS®’ MLS, there were 16 closed escrows in the Tahoe Island Park neighborhood during 2011. This number rose from the previous year’s 14 closed sales and in 2009 there were 17 sales reported.

The median sales price for the Tahoe Island Park homes that sold in 2011 was $231,250 which was nearly equal to that reported in 2010 when the median sale price for Tahoe Island Park homes was reported at  $235,000 and in 2009 the median was a bit higher at $305,000.

As for the list price to sold price ratio, the homes that sold in Tahoe Island Drive during 2011 sold for an average of 96% of the asking price. The list to sold ratio has pretty much remained the same over the last couple of years, in 2010 they sold for an average of 96.3% and in 2009 the homes sold for an average of 96.6% of the asking price.

The average amount of time on the market for the homes that sold in Tahoe Island Park in 2011 was 171 days (including the escrow period). During 2010 they were on the market for an average of 106 days.

At the end of the December in 2011 there were 9 homes currently listed for sale in the Tahoe Island Park neighborhood according to the South Tahoe Association of REALTORS®’ MLS. The lowest priced property on the market at the end of 2011 was $211,000 for 2275 Texas Ave. This home has3 bedrooms, 1 bath and 1040 square feet of living space. The highest priced property at the end of the year was listed at $498,000 for 2278 Idaho. This home has 4 bedrooms, 3 baths and 2286 square feet of living space. The median listing price at the end of the year for this neighborhood was $401,868 and the average list price was $361,461.

 

 

 

Tahoe Island Drive- End of the Year Comparisons

Good news for the Tahoe Island Drive neighborhood in regards to the number of homes sold.  According to the South Tahoe Association of REALTORS®’ MLS, there were 28 closed escrows in the Tahoe Island Park neighborhood during 2011. The number of closed sales was slightly higher the year before with 30 and in 2009 the number was lower with 22 closed sales.

The median sales price for the homes that sold in the Tahoe Island Drive neighborhood in 2011 was $227,000. These numbers show a minor increase from the year before. In 2010 the median sale price was $217,500 and in 2009 the median was higher at $275,000.

As for the list price to sold price ratio, the homes that sold in Tahoe Island Drive during 2011 sold for an average of 92.5% of the asking price. This ratio is lower than the previous 2 years for this area. In 2010 they sold for an average of 94.1% and in 2009 the homes sold for an average of 96.3% of the asking price.

The average amount of time on the market for the homes that sold in Tahoe Island Drive in 2011 was 169 days (including the escrow period). During 2010 they were on the market for an average of 119 days and in 2009 they were on for an average of 173 days.

At the end of the December in 2011 there were 9 homes currently listed for sale in the Tahoe Island Drive neighborhood according to the South Tahoe Association of REALTORS®’ MLS. At the end of the year in 2010 the inventory was slightly lower with 6 homes on the market and in 2009 there were 16 homes on the market. The lowest priced property on the market in the Tahoe Island Drive neighborhood at the end of the year was $162,500 for 681 Eloise #2. This is a 2 bedroom, 1 bath condo with 1004 square feet. The highest priced Tahoe Island Drive property at the end of 2001 was listed at $489,000 for 756 Hazel. This home features 4 bedrooms, 3 baths and 2168 square feet of living space.

 

 

 

Stateline- End of the Year Comparisons

Both median home prices and the number of sales were up throughout the  Stateline area of South Lake Tahoe.  According to the South Tahoe Association of REALTORS®’ MLS, there were 10 closed escrows in the Stateline neighborhood during 2011. The number of sales increased from the previous 2 years. In 2010 there were 6 closed sales and in 2009 there were 8. The median sales price for the Stateline homes that sold in 2011 was $180,500. In 2010 the median sale price for Stateline homes was $169,250 and in 2009 the median was $260,500.

As for the list price to sold price ratio, the homes that sold in Stateline during 2011 sold for an average of 94.8% of the asking price. In 2010 they sold for an average of 92.4% and in 2009 the homes sold for an average of 94.8% of the asking price. The average amount of time on the market for the homes that sold in Stateline in 2011 was 175 days (including the escrow period). During 2010 they were on the market for an average of 203 days and in 2009 they were on for an average of 132 days.

At the end of the December in 2011 there were 5 homes listed for sale in the Stateline neighborhood according to the South Tahoe Association of REALTORS®’ MLS. At the end of the year in 2010 there were 7 homes on the market and in 2009 there were 4 homes on the market at the end of the year. The lowest priced property on the market in the Stateline neighborhood at the end of 2011 was $127,000 for 3824 Figueroa. This home has 3 bedrooms, 1 bath and 856 square feet of living space. The highest priced home listed for sale at the end of the year was $1,375,000 for 4081 Greenwood. This home 5 bedrooms, 3 baths and 2844 square feet.

Sierra Tract- End of the Year Comparisons

Affordable prices in a centrally located neighborhood played a strong role in positive increase of home prices within South Lake Tahoe’s Sierra Tract neighborhood.  According to the South Tahoe Association of REALTORS®’ MLS, there were 44 closed escrows in the Sierra Tract neighborhood during 2011. Fortunately the number of sales increased from the previous 2 years. In 2010 there were 38 closed sales and in 2009 there were 31.

The median sales price for the Sierra Tract homes that sold in 2011 was $161,000. Unfortunately (for potential sellers) the median sale price has decreased over the past couple of years. In 2010 the median sale price for Sierra Tract homes was $184,000 and in 2009 the median was $210,000.

Another area of good news was in regards to the list to sale ratio.  The homes that sold in Sierra Tract during 2011 sold for an average of 97.6% of the asking price. In 2010 they sold for an average of 95.6% and in 2009 the homes sold for an average of 94.6% of the asking price. The average amount of time on the market for the homes that sold in the Sierra Tract in 2011 was 131 days (including the escrow period). During 2010 they were on the market for an average of 132 days and in 2009 they were on for an average of 154 days.

At the end of the December in 2011 there were 26 homes listed for sale in the Sierra Tract neighborhood according to the South Tahoe Association of Realtors’ MLS. At the end of the year in 2010 the inventory was slightly higher with 32 homes on the market and in 2009 there were 21 homes on the market at the end of the year. The lowest priced property on the market in the Sierra Tract neighborhood at the end of 2011 was listed at $99,000 for 2616 Armstrong. This home is bank owned with 3 bedrooms, 1 bath and 1114 square feet of living space. The highest priced Sierra Tract listing at the end of 2011 was $599,999 for 1116 Lindberg, a 3 bedroom, 2 bath with 2443 square feet of living space. This home sits on a meadow with river views.

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