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.
Sierra Colina is a planned unit development community offering 44 residences on an 18 acre site located less than a mile from the Heavenly Gondola and the south shore of Lake Tahoe. Located next door to Lake Village, Phase One includes 10 units which should be available soon for purchase with their least expensive model, the Meadow starting at $1,500,000. It includes 3 bedrooms, 2 full baths, 2 half baths and a 2 car garage. The model is approximately 2193 SF in size. For additional details or floor plans contact Robert Stiles. Thank you.
Most of the activity since New Year’s has occurred at Round Hill. Five residences have sold including one townhome. Next door at Zephyr Heights three residences have closed including two which had been on the market over 300 days. Skyland has also seen three sales including two on Deer Cliff Dr which had been on the market over 300 days. The re-designed and re-modeled former lakefront estate of Bill Harrah was recently reduced in price from $34,500,000 to $28,500,000. The residence offers over 20,000 SF of interior space and impeccable finishes not found in 5-Star Resorts. For a better look at your neighborhood or if you’re ready to sell, contact Robert Stiles, Realtor®. 20+ years’ experience. Dependable | Ethical | Professional.
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.