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Tahoe Keys 2021 End of the Year Market Report

 

When comparing 2021 to 2020 the Tahoe Keys neighborhoods showed an upswing in values in the real estate categories that we follow. While the number of sales decreased in 2021 the average and median sale prices increased significantly when compared to the year before. The average dollar per square foot and list to sale price ratio also increased while the inventory of homes on the market decreased. Overall the Tahoe Keys neighborhood is in high demand and continues to be a sellers market going into the year 2022. 

Tahoe Keys20202021
Number of Sales9657
Median Sale Price$1,007,500$1,470,000
Average Sale Price $1,288,900$1,731,596
Average List to Sale Ratio96%98.3%
Median Dollar Per Square Foot$537$669
Days on the Market8792
Month Supply 2.81.1 (-60.7%)

Tahoe Island Drive and Park 2021 End of the Year Market Report

 

The Tahoe Island Drive and Tahoe Island Park neighborhoods showed big increases in the sales price and average dollar per square foot when comparing 2021 to the end of 2020. Other increases were seen in the average list to sale price ratio and the listings were on the market for less time than in 2020. The number of sales decreased but that is likely due to the increase in the average month supply of inventory which we saw in both Tahoe Island Drive and Tahoe Island Park. Overall, the market statistics we follow show a current sellers market for these neighborhoods.

Tahoe Island 20202021
Number of Sales6048
Median Sale Price$520,000$625,750
Average Sale Price $552,468$691,341
Average List to Sale Ratio102.5%103.6%
Median Dollar Per Square Foot$347$439
Days on the Market8456
Month Supply Tahoe Island Drive 1.5 Tahoe Island Park 1.6Tahoe Island Drive 0.8 Tahoe Island Park 1

Stateline 2021 End of the Year Market Comparison Report

 

The Stateline neighborhood in South Lake Tahoe showed a significant increase in value when comparing 2021 to the previous year. Both the median and average sale prices increased as did the average dollar per square foot. The list to sale price ratio went down a bit but the average time on the market and the average months supply of homes decreased. These are all indicators of what continues to be a sellers market going into the year 2022. 

Stateline20202021
Number of Sales1112
Median Sale Price$396,000$663,250
Average Sale Price $616,091$1,078,775
Average List to Sale Ratio105.6%102%
Median Dollar Per Square Foot$388$647
Days on the Market7671
Month Supply 3.12 (-35.5%)

Highland Woods 2021 End of the Year Market Report

 

The Highland Woods neighborhood in South Lake Tahoe showed an increase in value in most of the market statistics that we follow in 2021 when compared to 2020. The number of sales went up and so did the average and median sale prices. The average dollar per square foot also went up and the average time on the market went down which all shows signs of a sellers market. The list to sale price ratio, however, did go down in 2021.

Highland Woods20202021
Number of Sales1216
Median Sale Price$537,500$634,500
Average Sale Price $596,500$665,656
Average List to Sale Ratio100%91%
Median Dollar Per Square Foot$352$428
Days on the Market9789
Month Supply 0.71.2 (+71.4%)

Heavenly 2021 End of Year Market Comparison Report

 

The Heavenly neighborhood in South Lake Tahoe, CA showed a significant increase in values when comparing the end of 2021 to the end of 2020. The number of sales remained about the same in both years but the median and average sales prices took a big leap, as did the average dollar per square foot. The average time on the market for listings went down in 2021 and so did the average months supply of homes on the market. Clearly the Heavenly neighborhood continues to show signs of being a sellers market going into 2022.

Heavenly20202021
Number of Sales5452
Median Sale Price$691,000$927,500
Average Sale Price $853,130$1,263,341
Average List to Sale Ratio103.9%96.2%
Median Dollar Per Square Foot$354$488
Days on the Market121101
Month Supply 31.3 (-56.7%)

Gardner Mountain 2021 End of Year Market Report

 

The Gardner Mountain values continue to rise with an increase in both the average and median sale prices as well as the average dollar per square foot when comparing the totals for 2021 to 2020. The average time on the market for listings remained about the same and so did the number of sales. The list to sale price went down slightly and the months supply of homes for sale decreased by 18.2% in 2021 indicating that this neighborhood continues to be a sellers market. 

Gardner Mountain20202021
Number of Sales2928
Median Sale Price$469,000$639,000
Average Sale Price $507,604$759,925
Average List to Sale Ratio104.4%103.3%
Median Dollar Per Square Foot$363$405
Days on the Market7277
Month Supply 2.21.8 (-18.2%)

Bijou 1 & 2 2021 End of Year Market Report

 

The Bijou 1 & 2 neighborhoods showed less sales and a lower list to sale price ratio in 2021 when compared to 2020, however, most of the other market statistics we follow showed an upswing. The median and sale prices increased as did the average dollar per square foot. The average time on the market remained the same but the months supply of homes for sale decreased by 60% in the Bijou 1 area but increased by 8% in the Bijoy 2 neighborhood. Overall these neighborhoods seem to still be showing signs of values increasing and remaining a sellers market.

Bijou 1 & 220202021
Number of Sales8774
Median Sale Price$470,000$600,000
Average Sale Price $556,141$730,769
Average List to Sale Ratio102.2%100.2%
Median Dollar Per Square Foot$367$463
Days on the Market7374
Month Supply Bijou 1: 2.5 Bijou 2: 1.2Bijou 1: 1 (-60%) Bijou 2: 1.3 (+8.3%)

 

Al Tahoe 2021 End of Year Market Comparison Report

Most of the market conditions continue to rise in the Al Tahoe neighborhood which is seen when we compare the end of the year statistics from 2021 to the previous year. Both the median sale price and the average dollar per square foot both went up in 2021 and the number of months supply of homes decreased by 48% (indicating a seller’s market). The number of sales also increased, however, the list to sale price ratio went down and the average time on the market rose slightly. 

Al Tahoe20202021
Number of Sales1055
Median Sale Price$565,000$635,000
Average Sale Price $929,720$771,555
Average List to Sale Ratio102%99.3%
Median Dollar Per Square Foot$427$521
Days on the Market6284
Month Supply 3.92

Tahoe Paradise 2021 1st Quarter Market Comparison Report


The Tahoe Paradise neighborhood in South Lake Tahoe has shown quite an increase in market values, dollar per square foot and list to sale price ratio when looking at the first quarter of 2021 compared to the first quarter of 2020. The average time on the market (including escrow) went way down this year sand so did the inventory of homes for sale on the market, making it a seller’s market for the time being.

<img width=”400″ height=”300″ src=”http://southtahoe.stats.10kresearch.com/infoserv/s-v1/yFHi-EP5?w=400&h=300″ />

Pioneer Trail 2021 1st Quarter Market Report


The Pioneer Trail neighborhood in South Lake Tahoe showed a pretty big increase in the number of sales, sales price, dollar per square foot and list to sale price ratio when comparing the first quarter of this year to last year’s first quarter. The average time on the market went down a little and the months supply of inventory for homes on the market went way down leading it to be a seller’s market right now.

<img width=”400″ height=”300″ src=”http://southtahoe.stats.10kresearch.com/infoserv/s-v1/yFYS-7dd?w=400&h=300″ />

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