February 2011 South Lake Tahoe Sale Statistics
South Lake Tahoe sales statistics for February 2011 were down compared to the past three months.
The total units sold in February 2011 was 30 units, down from January 2011 (40 units).
The total dollar value sold in February 2011 was $10,703,100, down from January 2011 ($14,071,990).
The average sales price in February 2011 was $356,770, up from January 2011 ($351,800)
The median sales price in February 2011 was $269,200, down from January 2011 ($305,500). That's down 11.88% from January 2011.
The REO (bank owned) homes sold was 10 units, up from January 2011 (7).
The short sale homes sold was 5 units, down from January 2011 (10).
Although these numbers seems to be going down, remember that February only has 28 days. It's the shortest month of the year. We are still seeing a lot of activities, so we're not too worried about the dip in the market. Until the activities are declining, then we'll start worrying. We'll continue to study the South Lake Tahoe sale statistics, so keep up with our monthly South Lake Tahoe sale statistic reports.