Located at South Lake Tahoe, Gardner Mountain is loved by its residents due to its location to nearby shops, Raley’s grocery store and the proximity by bike to local trails, the beach and Fallen Leaf Lake. Lot sizes are also a bit larger and range up to 10,000 square feet. As of April 2019 the median sales price for this area is $370,000 – a 2.8% increase from this time last year. The area topographically rises gradually from the corner of Highway 50 at Lake Tahoe Blvd towards the back of the neighborhood at 13th St and Gardner St – adjacent to our High School.
The Nevada East Shore had a 27% decline in sales volume as compared to last year at this time. The number of residential home sold declined 11% while condominium sales declined 25%. The current median price of residential homes sold increased 9% to $900,000 while condominium sales increased 6% to $420,000. It’s interesting to note that the number of residential home and condominium sales priced over $1,000,000 increased from this same time period last year.
For a copy of our 1st quarter report, including all of Lake Tahoe, Truckee, Reno and the Carson Valley contact Robert Stiles, Realtor® of Chase International at 530-314-0352 or RStiles@ChaseInternational.com. RealEstateLakeTahoeStiles.com
Lake Tahoe year-end statistics for 2018 show median sales prices increasing everywhere around the lake except for the East Shore. However overall volume for single family residences did increase by 35%.
The median sales price at South Lake Tahoe remained range bound in the $470’s settling at $476,000 last month. We’ve been in this range since September of last year. Half of the neighborhoods increased their median sales price while the other half declined. The Stateline area which includes the area around Heavenly Resort saw a 16+% increase in median housing prices over the last 12 months. For a better look at each neighborhood visit our South Lake Tahoe website neighborhood page.
Located between Highway 50 and the Tahoe Key’s, Tahoe Island Park is centrally located and affordable for those wanting nearby amenities, and recreational opportunities. The median sales price as of January 2019 was $445,000. There are also quite a few single story homes in the community averaging 1000 to 1500 square feet. At the neighborhood entrance you’ll notice the chalet style community of homes named Sky Meadows. This planned unit development (PUD) provides exterior maintenance and snow removal for its owners. The areas median sales price is currently $312,000.