South Lake Tahoe, Montgomery Estates Market Update

The statistics regarding home sales within the Montgomery Estates neighborhood of South Lake Tahoe has just been updated.  The median home price through July 31, 2009 and based upon the previous 12 months sales show a median home list price of $437,000 with a median sold price of $417,000.  This number is down from last year’s median home price of $480,000.  The good news is that the number of sales and the time on the market have both seen slight improvement.

This week’s Home of the Week is located at 1004 Turnback Trail in Montgomery Estates.  We hope that you will check it out for yourself and please, pass the link along to anyone you feel might be interested.

To all of you – have a wonderful and safe Labor Day Weekend.