So. Tahoe Neighborhood 2012, 1st Quarter Update – Gardner Mountain

2012 1st Quarter Stats - Gardner Mt.Gardner Mountain – 2012 1st Quarter Comparisons

The following information focuses on the Gardner Mt. neighborhood of South Lake Tahoe and are taken from the South Lake Tahoe Association of REALTORS® multiple listing services.  These figures represent the total of or average for the previous twelve months, April 1 through March 31:

The median home price is currently lower at $199,000 than the overall of $239,000 reported as the median for all of South Lake Tahoe.  Last year at this time, the median home price for Gardner Mountain was $244,000.

Positive news was found in the following categories:  The percent of list to sale price increased slightly from 95% to 97.3%.  The number of closed sales increased slightly from 21 in 2011 to 24 in 2012.  The average time on the market remained the same at 130 days (including the average 45 day escrow.)  The monthly supply of homes for sale (an average of how long it will take to sell the current inventory) decreased dramatically from 11 months in 2011 to only 5.9 months in 2012.

The following presented by the South Lake Tahoe Association of REALTORS MLS represents a comparison of just the first three months in 2012 as to 2011.  Compared to the first quarter of 2011, 2012 is starting off with a bang for the Gardner Mountain area.

 

Gardner Mt.

2012

2011

# of sales

4

8

median Home price

$291,000

225,375

list to sale ratio

100.04%

0.91%

Days on Market

101

200

 

 

 

Comments

Got something to say?