November South Lake Tahoe Real Estate Review
December 7, 2008
In November there were 31 single family homes that were reported sold on the South Lake Tahoe MLS. The volume of sold single family homes was down 31% from 45 in October.
Out of the 31 houses sold in November 8 were bank owned foreclosures and 2 were reported as short sales. Foreclosures in South Lake Tahoe are still getting a lot of attention from buyers looking to score a good deal. 26% of the sold houses were foreclosures in November, compared to 20% in October.
The Statistics for the November single family home sales are as follows:
- Average Price per square foot $255.70
- Average List Price $474,674
- Average Sales Price $445,758
- Average Sales Price/List Price 93.91%
- Average Days on Market 178
- Average square feet 1,766
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Listing Price\Selling Price