South Lake Tahoe 2018 statistics show dollar volume declined 5% from $362M to $344M. The number of units sold in 2018 also declined by 9% to 620. The Measure T agenda regarding short term rentals looks to have taken its toll on both buyers and sellers. The median sales price for South Lake Tahoe still managed to increase 6% to $466,500.
Condominium owners at South Lake Tahoe also had a good year. The median sales price of the 105 units sold in 2018 increased 14% to $513,000. The majority of sales occurred in the Tahoe Key’s and Lakeland Village communities. Waterfront communities dominate in pricing over the inland communities. Average days on market was similar to last year at 103 days.