South Lake Tahoe Homes in the Heavenly Valley Area

When it comes to vacation homes in South Lake Tahoe, the Heavenly Valley area is hard to beat. Throughout the winter months, skiers and snowboarders flock to Heavenly Valley Ski Resort and look for homes to rent close by. Any local vacation rental agency will tell you that vacation rental homes in the Heavenly Valley area do very well compared to most other areas.

Homes in the Heavenly Valley area range from a small ski cabin in the $300,000’s to multi-million dollar lake view houses. Buildable vacant land and coverage is getting scarce in this area, so remodels are becoming more common than new construction. There have been some recent sales of newer and remodeled homes that have really upped the median and average home prices in the area. The home values in the Heavenly Valley area are higher than most other areas in South Lake Tahoe due to the demand, great rental income potential, and location.

The Heavenly Valley area is located to the south east of Pioneer Trail and extents to the base of Heavenly Valley Ski Resort. The casinos are only a few minutes away adding to the desirability of the area for vacation rentals. Some of the homes up higher on the mountain have spectacular views of Lake Tahoe, the surrounding mountains, and Heavenly Resort.

Here are the 2008 single family home sales statistics from the South Lake Tahoe mls:

• There were 12 single family homes sold in 2008 (11 in 2007)
• Average list price was $774,658 ( up 4% from $742,900 in 2007)
• Median list price was $774,500 (up 25% from $619,000 in 2007)
• Average selling price was $729,000 ( up 6% from $685,545 in 2007)
• Median selling price was $774,500 ( up 23% from $595,000 in 2007)
• Average selling price per square foot was $382 ( up from 352 in 2007)
• Median days on the market was 181 (down from 194 in 2007)

Currently there are 21 homes for sale on the South Lake Tahoe mls in the Heavenly Valley area. The average list price is $876,900, the average square footage is 2217, and the average price per square foot is $385.

The only house in escrow is 3877 Crest, one of the best priced foreclosures in South Lake Tahoe. There is another South Lake Tahoe foreclosure, 1420 June way that is still available and has just been reduced to $424,080.

Here are some pictures of homes from the South Lake Tahoe mls that have recently sold.

Weather you are looking for an investment property in South Lake Tahoe, or a lake view vacation home, make sure to check out the Heavenly Valley area!

If you would like help searching through the hundreds of listings on the South Lake Tahoe mls or just have questions regarding South Lake Tahoe real estate, contact Brent and Jill Johnson today!