February 2010 sale statistics for South Lake Tahoe, California.
Sale statistics for the month of February is showing us that the total unit sold is down 47% from the end of 2009. The median sale price for February is down 8.4% from the end of 2009. We ended 2009 with a bang and it looked like things were looking promising for 2010, but these sale statistics are not saying so.
February 2010 Sale Statistics:
| Feb-10 | Jan-10 | Dec-2009 | |
| Units Sold | 26 | 30 | 49 |
| Total Dollar Value | $10,259,600 | $10,497,500 | $22,994,750 |
| Average Sales Price | $394,600 | $349,917 | $469,281 |
| Median | $314,250 | $317,250 | $343,000 |
| Percentage from last month (approx.) | -0.90% | -7.50% | 3.30% |
| High | $925,000 | $850,000 | $3,200,000 |
| Low | $115,000 | $150,000 | $89,000 |
| Percentage of Sales Price From List Price | 94.15% | 95.10% | 91.99% |
| Average Price Per Square Feet | $209 | $208 | $219.57 |
| Average Days On Market | 163 | 169 | 154 |
| Distressed Sales | |||
| REO's (Bank Owned Foreclosures) | 12 | 10 | 14 |
| Short Sales | 4 | 8 | 7 |
I went back to look at the sale statistics for the past decade, and it looks like we're going back to 2003 prices. This should be great news to buyers, but not so great for sellers if they bought houses in the height of 2006. Sale statistics for February median prices went down 35% from February 2006. This is in line with all the distressed sales we're seeing.
Again, this is great news to buyers to jump on this opportunity. If you've ever dreamt of owning a piece of Tahoe, now is your time! Sale statistics shows us prices haven't been this good since the past 7 years.
Let's explore your investment opportunities in South Lake Tahoe, California!
Grace Yee
Yee Hedley Group
With Chase International
530-318-5080
CA & NV Realtor
CA # 01373609
About Us:
The Yee Hedley Group has been in Lake Tahoe real estate for over 35 years and has completed over 3000 Lake Tahoe real estate transactions. The Yee Hedley Group credits its success to experience, hard work, creativity, attention to detail and the care and understanding of their clients needs.
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