South Lake Tahoe Real Estate Review: July and August 2015
There were 108 homes that were sold this Summer between July 1st and the end of August 2015, compared to the 106 that were sold during the same months last year in 2014. That's a really good sign since last Summer was considered to be one of the most active months South Lake Tahoe has had in years!
There was a slight decrease in the average selling price of properties in the county from $481,000 in June 2015 to $431,077 in July and August, mainly due to the high inventory of homes for sale.
However, the average days on the market barely changed from 82 to 87 which shows that the homes in the County are still being sold fairly quickly, unlike the homes within the City limits which are starting to sit a little longer on the market.
There were 60 homes sold between July 1st and August 31st of this year and only 40 sold last year between those same months. As you can see, the County is starting to get a lot more action from potential Buyer's than it did last year.
There were 16 homes that sold this summer between July 1st and August 31st which averaged about 260 days on the market.
Last year, during the same Summer months, 35 homes sold on the NV side.
The average selling price of these homes went from $887,071 in June 2015 all the way up to $1,078,000 for the past 2 months of July and August. This substantial rise in just one month was actually due to our very own Broker, Dan Spano's recent sale of 686 Lakeview Blvd for $3,095,000!