Gardner Mountain

South Lake Tahoe Welcome Sign

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.  

Nevada East Shore – 1st Quarter Results 2019

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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

South Lake Tahoe – 1st Quarter 2019

Emerald Bay
South Lake Tahoe had an 18% decline in the number of residential homes sold in the first quarter of 2019. I reckon the 15% increase in the median sales price to $550,000 had something to do with it. How much longer can the upward trend continue? It’s any bodies guess really. Some speak of an over sold stock market.  I’d expect real estate to benefit if a sell off scenario occurs. Mortgage delinquencies are still low so no worries there.
South Lake Tahoe condominium sales volume declined 68% from last year. The number of units sold also declined by 45%. So how much did the median sales price decline? – by 27%. Just know that those in the lower price ranges are the ones currently selling their residences.
Have a nice weekend! For further information contact Robert Stiles, Realtor® of Chase International at 530-314-0352 or RStiles@ChaseInternational.com. RealEstateLakeTahoeStiles.com DRE 01279125

Lake Tahoe Year-End Statistics

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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%.

South Lake Tahoe March 2019 Update

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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.

Tahoe Island Park

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.