South Lake Tahoe, CA. Real Estate Trends Updated
(Lake Tahoe Real Estate Blog / April 30, 2010 / Richard Bolen)
We have just updated home sales summaries and Market Performance for South Lake Tahoe, CA.
The median sold price is $314,500. ( It was $305,000 on March 15th, and $303,750 on February 2nd.) This is based on all single family sales in South Lake Tahoe, CA in the last 180 calendar days (Tahoe Keys homes not included).
A contributing factor to South Lake Tahoe decline in home prices is the effect of foreclosed home sales on the real estate market.
Since the first of this year, we have seen an increase in the percentage of both distressed homes sold and those in escrow. Of all homes sold in South Lake Tahoe in 2008, about 20% of them were in foreclosure. That same number was 39% in 2009.
Continue reading "South Lake Tahoe, CA Real Estate News: All Sales in the last 365 Days" on our main blog.
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