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 Paradise	2020	2021
Number of Sales	67	41
Median Sale Price	$545,000	$690,000
Average Sale Price	$612,285	$741,878
Average List to Sale Ratio	101.3%	106.3%
Median Dollar Per Square Foot	$342	$477
Days on the Market	76	53
Month Supply	1.4	0.9 (-35.7%)

 

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 Trail	2020	2021
Number of Sales	48	49
Median Sale Price	$587,000	$799,999
Average Sale Price	$635,154	$860,507
Average List to Sale Ratio	100%	102.6%
Median Dollar Per Square Foot	$346	$466
Days on the Market	88	62
Month Supply	2	0.7 (-65%)

 

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 & 2	2020	2021
Number of Sales	63	55
Median Sale Price	$665,000	$751,500
Average Sale Price	$738,152	$876,059
Average List to Sale Ratio	102.3%	103.6%
Median Dollar Per Square Foot	$335	$460
Days on the Market	106	50
Month Supply	2.4	1.8 (-25%)

 

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 Valley	2020	2021
Number of Sales	47	28
Median Sale Price	$575,000	$690,000
Average Sale Price	$600,965	$754,518
Average List to Sale Ratio	99.3%	105%
Median Dollar Per Square Foot	$334	$487
Days on the Market	75	63
Month Supply	Christmas Valley 1: 1.1 Christmas Valley 2: 1.7	Christmas Valley 1: 0.5 (-54.5%) Christmas Valley 2: 1 (-414.2%)