Corcoran Global Living Group logo
  • Home
  • Contact
  • Open Houses
  • (530) 543-6686
  • Home
  • Contact
  • Search
    • Search All Areas
    • S. Lake Tahoe, CA
    • N. Lake Tahoe, CA
    • Lake Tahoe, NV
    • Search by Map
    • Neighborhoods
    • Email Notifications
    • My Account
  • Featured Listings
    • Featured Listings
    • Sold Listings
  • Buyers & Sellers
    • Sellers
    • Buyers
    • Building in Lake Tahoe
  • Tahoe Guide
    • Lake Tahoe Guide
    • Lake Tahoe Events
    • Lake Tahoe Ski Resorts
  • About
    • About Our Team
    • Meet Don and Theresa Souers
    • Meet Jaime Souers
    • Meet Ramona Hastings
    • Meet Dylan Hastings
    • Souers Team – Residential Sales Reports
    • Testimonials
  • Blog

2022 End of Year Market Comparison Report (South Lake Tahoe County Neighborhoods)

South Lake Tahoe County Neighborhoods Report20212022
Number of Sales289229
Median Sale Price$750,000$779,000
Average Sale Price $825,849$861,714
Average List to Sale Ratio & Median List to Sale Ratio103%, 98.7%98.7%, 97.6%
Median Dollar Per Square Foot$446$470
Days on the Market4859
Month Supply 1.42.2

This end of the year report compares real estate market statistics for the county neighborhoods in South Lake Tahoe which includes Black Bart, Christmas Valley, Country Club Estates, Echo View Estates, Meyers, Montgomery Estates, North Upper Truckee, Pioneer Trail and Tahoe Paradise. When looking at the number of sales in these neighborhoods, we see that they went down from 289 in 2021 to 229 in 2022. The median and average sales price stayed similar in both years with the AVERAGE sale price being $825,849 in 2021 and $861,714 in 2022. The MEDIAN sale price in 2021 was $750,000 and this went up slightly to $779,000 in 2022. The median dollar per square foot for homes that sold was $446 in 2021 and went up to $470 in 2022. The median and average list to sale price ratios both went down in 2022 from the previous year. As for the days on the market (which includes the escrow period), this number went up from 48 in 2021 to 59 the next year. 

This graph shows the increase in sales price over the past few year for all neighborhoods in South Lake Tahoe:

 

2022 End of year Market Comparison Report (South Lake Tahoe City Neighborhoods)

 

When comparing the year end real estate market report from 2022 to the previous year in 2021, most of the statistical categories we follow stayed just about the same in both years. This report covers the neighborhoods in the city limits of South Lake Tahoe which include Al Tahoe, Bijou, Gardner Mountain, Heavenly, Highland Woods, Pioneer Village, Sky Meadows, Tahoe Island Drive & Park, Tahoe Keys, Tahoe Meadows, Tahoe Sierra and The Y. The main difference between the two years was seen in the number of closed sales for single family homes. In the city limits of South Lake Tahoe, there were a total of 415 sales in 2021 and that number decreased to 345 in 2022.  When looking at the sales prices of  homes that sold in these neighborhoods, the AVERAGE sale price in 2021 was $903,502 and the MEDIAN sale price was $665,000. During 2022, the AVERAGE sale price was $958,338 and the MEDIAN sale price was $685,000 so these numbers went up slightly. As for the median dollar per square foot, for the year of 2021 this number was at $473/ sf where as in 2022 it went up a little bit to $490/ sf. The list to sale price ratio was very similar for both years, in 2021 the average list to sale price ratio was 98.8% and in 2022 the average was 97.5%. The median list to sale price is 2021 was 100.7% and the median list to sale price in 2022 was 100%. The overall days on the market (including the escrow period) was 54 days in 2021 and went down slightly to 50 days this past year in 2022.

South Lake Tahoe City Neighborhoods Report20212022
Number of Sales415345
Median Sale Price$665,000$685,000
Average Sale Price $903,502$685,000
Average List to Sale Ratio & Median List to Sale Ratio100.7%, 98.8%100%, 97.5%
Median Dollar Per Square Foot$473$490
Days on the Market5450
Month Supply 1.42.2

Tahoe Paradise 2021 End of the Year Market Report

 

The Tahoe Paradise neighborhood showed major increases in the real estate categories that we follow when comparing 2020 to 2021. The number of sales went up and so did the median and average sales price. There was another big jump in the average dollar per square foot as well as the list to sale price ratio. The average time on the market decreased in 2021 and the inventory of homes for sale went down so it is still a sellers market in the Tahoe Paradise neighborhood.

Tahoe Paradise20202021
Number of Sales6741
Median Sale Price$545,000$690,000
Average Sale Price $612,285$741,878
Average List to Sale Ratio101.3%106.3%
Median Dollar Per Square Foot$342$477
Days on the Market7653
Month Supply 1.40.9 (-35.7%)

Pioneer Trail 2021 End of the Year Market Report

 

The Pioneer Trail neighborhood in South Lake Tahoe showed significant increases in the median and average sales price as well as the average dollar per square foot and average list to sale price ratio. The average time on the market also lowered in 2021 and the number of sales remained about the same. The month supply of inventory for listings also went down in 2021 showing signs of a sellers market.

Pioneer Trail20202021
Number of Sales4849
Median Sale Price$587,000$799,999
Average Sale Price $635,154$860,507
Average List to Sale Ratio100%102.6%
Median Dollar Per Square Foot$346$466
Days on the Market8862
Month Supply 20.7 (-65%)

North Upper Truckee 1 & 2 2021 Market Report

 

The North Upper Truckee neighborhood in South Lake Tahoe continues to have signs of a sellers market. This neighborhood showed an increase in median and sales prices at the end of 2021 versus the end of 2020. The number of sales went down which is likely due to the decrease in inventory of homes for sale. The average dollar per square foot and list to sale price ratio both increased in 2021 as well. 

North Upper Truckee 1 & 220202021
Number of Sales6355
Median Sale Price$665,000$751,500
Average Sale Price $738,152$876,059
Average List to Sale Ratio102.3%103.6%
Median Dollar Per Square Foot$335$460
Days on the Market10650
Month Supply 2.41.8 (-25%)

Montgomery Estates 2021 End of the Year Market Report

 

While the number of home sales in Montgomery Estates went down in 2021, the median and average sale prices both went up significantly. The average list to sale price ratio and the average dollar per square foot also went up quite a bit compared to the year before. The average time on the market for listings also went down by almost a month so the Montgomery Estates market continues to be a popular neighborhood for buyers looking to purchase in Lake Tahoe.

Montgomery Estates20202021
Number of Sales8049
Median Sale Price$711,250$870,000
Average Sale Price $792,157$942,064
Average List to Sale Ratio100.8%103.7%
Median Dollar Per Square Foot$344$421
Days on the Market8157
Month Supply 1.31.1 (-15.4%)

Meyers 2021 End of the Year Market Report

 

The Meyers neighborhood showed increases in value for both the median and average sale prices in 2021 when compared to 2020. The number of sales also went up and so did the average dollar per square foot and list to sale price ratio. The average time on the market went down and so did the month supply of inventory for homes on the market. All of these trends for the Meyers neighborhood are showing signs that it will continue to be a sellers market going into 2022.

Meyers20202021
Number of Sales2631
Median Sale Price$461,750$650,000
Average Sale Price $532,442$710,613
Average List to Sale Ratio97.4%100%
Median Dollar Per Square Foot$332$432
Days on the Market11162
Month Supply 1.801.5 (-16.7%)

Country Club Estates End of the Year Market Report

 

The Country Club Estates neighborhood in South Lake Tahoe continues to show positive notes in the real estate categories that we follow. While the number of sales decreased in 2021 when compared to 2020 (this is likely based on the low inventory) the average and median sale prices both increased and so did the dollar per square foot and list to sale price ratio. This neighborhood is clearly still a seller’s market going into 2022. 

Country Club Estates20202021
Number of Sales4332
Median Sale Price$569,000$745,000
Average Sale Price $627,668$835,330
Average List to Sale Ratio100%102.4%
Median Dollar Per Square Foot$342$426
Days on the Market8186
Month Supply 2.70.8 (-70.4%)

Christmas Valley 1 & 2 2021 End of the Year Market Report


 

The Christmas Valley neighborhood saw a decrease in sales in 2021 when compared to 2020, however the median and average sales prices increased quite a bit. The average dollar per square foot also increased and so did the average list to sale price ratio. The average time on the market went down and so did the inventory of homes for sale on the market. All of these trends show the Christmas Valley neighborhood to be a seller’s market at the current time.

Christmas Valley20202021
Number of Sales4728
Median Sale Price$575,000$690,000
Average Sale Price $600,965$754,518
Average List to Sale Ratio99.3%105%
Median Dollar Per Square Foot$334$487
Days on the Market7563
Month Supply Christmas Valley 1: 1.1 Christmas Valley 2: 1.7Christmas Valley 1: 0.5 (-54.5%) Christmas Valley 2: 1 (-414.2%)

Black Bart 2021 End of the Year Market Report

 

When comparing the market trends for the Black Bart neighborhood, we saw that the number of sales went down in 2021 and so did the list to sale price ratio when compared to the year before. While the median sale price increased, the average sale price went down. The average dollar per square foot increased and the average time on the market was less in 2021. The inventory of homes for sale in the Black Bart neighborhood is minimal at only 0.4 for amonth’s supply of homes (down 60% from the year before).

Black Bart20202021
Number of Sales94
Median Sale Price$485,000$496,500
Average Sale Price $597,222$464,500
Average List to Sale Ratio100%93.8%
Median Dollar Per Square Foot$377$408
Days on the Market7839
Month Supply 10.4 (-60%)
Next Page »

NEW LISTING
NOTIFICATIONS

Details

WHAT'S MY
HOME WORTH

Details

Categories

  • Buyers
  • Lake Tahoe Events
  • Foreclosure and Short Sales
  • Lake Tahoe Real Estate News
  • Lake Tahoe Real Estate Tips
  • Living & Working in Lake Tahoe
  • Lake Tahoe Market Reports
  • Sellers

Search Listings

$
$

Testimonials

Repeat Client Expectations Exceeded
"We have known Theresa and Don for over 20 years and actually worked with them when we originally purchased the cabin in 1995. When it came time to sell this year, we absolutely knew that we would use their team once again. We were not surprised how smooth the process went. After only 6 hours on the market, we had a fantastic offer with backups as well. Theresa and Don more then exceeded our expectations! If you want your house sold quick at a great... continued"
- Repeat Client Expectations Exceeded
View all

California Neighborhoods

  • Al Tahoe
  • Bijou
  • Christmas Valley
  • Heavenly Valley
  • Montgomery Estates
View all

Popular Searches

  • Lakefront Homes
  • Lakeview Homes
  • Cabins
  • Newer Construction Homes
  • Tahoe Keys

Nevada Neighborhoods

  • Elk Point
  • Lakeridge
  • Marla Bay
  • Round Hill
  • Zephyr Cove
View all

The Souers Team

3045 Harrison Ave.
South Lake Tahoe, CA 96150
(530) 577-0389
Contact Us
Corcoran Global Living Group logo

Don Souers CA Lic. #01193569Theresa Souers CA Lic. #01175620Jaime Souers CA Lic. #01388030

sitemap   •   admin   •   ©2023 All Rights Reserved  •  Real Estate Website Design by IDXCentral.com