Real Estate in South Lake Tahoe at Stateline
The Stateline area on the California side is one of the most convenient locations in South Lake Tahoe Real Estate. It is the location that draws most buyers to this area. The Stateline area is the closest area to the Casinos out of all of the areas on the South Lake Tahoe mls. Heavenly Valley Ski Resort can also be accessed from Stateline by the gondola at the Heavenly Village.
The houses in the Stateline area are very diverse. Most of the houses on the South side of Highway 50 are older and smaller cabins with some remodels. The prices for these cabins usually run from $250,000 to $400,000. The houses on the North side of Highway 50 can vary from smaller cabins to multi-million dollar lake front homes. The area between the Lake Side Marina and Highway 50 is known as the Lakeside subdivision, and offers private beach access passes with home ownership. just West of the Lakeside subdivision is Tahoe Meadows. Tahoe Meadows is a private gated community with lake view and lake front homes. The Tahoe Meadows area is one of the most sought after areas in South Lake Tahoe.
Here are the Stateline area real estate statistics starting in 2005:
- 15 homes sold in 2005
- Average price per square foot $623
- Median list price $399,000
- Median selling price $400,000
- Median days on market was 56
Tahoe Meadows
- Median square footage was 1,151
- 7 homes sold in 2006
- Average price per square foot was $408
- Median list price was $279,760
- Median sales price was $276,000
- Median days on the market was 96
- Median square footage was 676
- 3 homes sold in 2007
- Average price per square foot was $574
- Median list price was $549,900
- Median sales price was $538,000
- Median days on the market was 235
- Median square footage was 994
- 4 homes sold in 2008
- Average price per square foot was $251
- Median list price was $302,450 (down 45% from 2007)
- Median sales price was $297,750 (down 44% from 2007)
- Median square footage was 1830
- Median days on the market was 121(down from 235 in 2007)
- 2 of the houses sold were bank owned foreclosures
Foreclosure listings in South Lake Tahoe are not that common in the Stateline area, but the two that did sell in 2008 brought the median sales price and the average price per square foot substantially.
Currently there are 11 single family house listings on the South Lake Tahoe mls in the Stateline area. Only two of the listings are in escrow, one is a bank owned foreclosure at 3849 Figueroa Lane, and the other is a short sale at 3787 Forest Ave.
Here are some pictures of some of the sold listings on the South Lake Tahoe mls:
The Stateline area makes an ideal location for a second home buyer, or an investor looking for vacation rental property. If you are looking at homes in South Lake Tahoe, make sure to include the Stateline area.
If you have any questions about South Lake Tahoe Real Estate, foreclosure listings in South Lake Tahoe, or would like a list of foreclosure listings on the South Lake Tahoe mls, please contact Brent and Jill Johnson today!
