So. Lake Tahoe’s Real Estate Year End MLS Stats
The “storm of the century” (okay, the century is only 8 years old) is nearing its end and we can barely see the top rails of our back deck. After spending three days working from home, I have definitely come to the conclusion that if I am ever in trouble of some kind, I hope my punishment is house arrest. What a joy to hang in sweats, play scrabble, watch some football (alas, my poor Steelers) and catch up on some loose ends.
While Don busied himself digging us out (I do believe snowblowing and shoveling is considered MANual labor,) I found the time to run the end of the year statistics. And, much as we expected, we found the Lake Tahoe real estate market to have held stronger than many parts of the country.
The most noticeable negative lie in the number of homes sold. During 2007, the South Lake Tahoe Association of Realtors’ Multiple Listing Services reported 404 single family residences and condos sold as compare to 489 in 2006 and a whopping 745 in 2005. On the other hand, the median prices for single family homes and condos sold during 2007 was $435,000 which was down 8.4% from the median home price in 2006.