The Tahoe Paradise neighborhood is the neighborhood located along the right side of Pioneer Trail when accessing South Lake Tahoe via Highway 50 just past Meyers. This popular area has mostly positive notes in the categories that we follow. The closed sales did decrease by 18.2% due to low inventory. However, both the median and average sold home price went up by around 20%. The days on the market (the time between listing and close of escrow) went up a lot by 62.7%. The dollar per square foot increased while the percentage of list price stayed exactly the same.
The month supply of available homes decreased from exactly 4.0 last year to 2.4 this year. Under 4 months indicates a seller market.
|Tahoe Paradise Market Comparison||2017||2016|
|Number of Sales||36||44|
|Median Home Price||$462,000||$384,500|
|Average Home Price||$511,942||$423,038|
|Average List to Sale Ratio||98.0%||98.0%|
|Average Dollar Per Square Foot||$274||$255|
|Days on the Market||96||59|