South Lake Tahoe County Neighborhoods Report	2021	2022
Number of Sales	289	229
Median Sale Price	$750,000	$779,000
Average Sale Price	$825,849	$861,714
Average List to Sale Ratio & Median List to Sale Ratio	103%, 98.7%	98.7%, 97.6%
Median Dollar Per Square Foot	$446	$470
Days on the Market	48	59
Month Supply	1.4	2.2

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:

 

 

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 Report	2021	2022
Number of Sales	415	345
Median Sale Price	$665,000	$685,000
Average Sale Price	$903,502	$685,000
Average List to Sale Ratio & Median List to Sale Ratio	100.7%, 98.8%	100%, 97.5%
Median Dollar Per Square Foot	$473	$490
Days on the Market	54	50
Month Supply	1.4	2.2

 

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 Estates	2020	2021
Number of Sales	80	49
Median Sale Price	$711,250	$870,000
Average Sale Price	$792,157	$942,064
Average List to Sale Ratio	100.8%	103.7%
Median Dollar Per Square Foot	$344	$421
Days on the Market	81	57
Month Supply	1.3	1.1 (-15.4%)

 

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.

Meyers	2020	2021
Number of Sales	26	31
Median Sale Price	$461,750	$650,000
Average Sale Price	$532,442	$710,613
Average List to Sale Ratio	97.4%	100%
Median Dollar Per Square Foot	$332	$432
Days on the Market	111	62
Month Supply	1.8	01.5 (-16.7%)