"Robert helped us to find a vacation home in South Lake Tahoe. He was very patient, and eventually we found the house we like very much. All the way through the escrow Robert kept us informed and made sure that escrow closed on time. Even after the closing Robert was very helpfull and was there for us when we needed him. When our heater broke down and insurance company was taking long time to find a spare part for it, Robert wrote a letter to the insurance company and they paid for a room heater (the temperature was around 23F at night) to keep us worm. I highly recomend Robert Stiles." Olga T.
BLOG CENTRAL STATISTICS IN MOTION
UPDATE: Sunday, 12/01/2013
165 - Single Family Sales in last 90 days. 7 are REO and 5 are Short Sale.
12 - Two to Four Family Sales in last 90 days. 2 are REO and 0 are Short Sale.
UPDATE: Friday, 11/01/2013
194 - Single Family Sales in last 90 days. 9 are REO and 6 are Short Sale.
8 - Two to Four Family Sales in last 90 days. 1 is REO and 0 are Short Sale.
UPDATE: Tuesday, 10/01/2013
205 - Single Family Sales in last 90 days. 4 are REO and 11 are Short Sale.
13 - Two to Four Family Sales in last 90 days. 1 is REO and 0 are Short Sale.
UPDATE: Sunday, 09/01/2013
197 - Single Family Sales in last 90 days. 10 are REO and 16 are Short Sale. 11 - Two to Four Family Sales in last 90 days. 1 is REO and 1 is Short Sale.
As we enter December, residential inventory levels continue to decline from 278 SFR units last month, to our current unit count of 222. Nothing unusual there. The number of listings in escrow declined a little over 20% with the number of available properties declining by 20% too. Interest rates have stabilized while the Federal Reserve decides whether to extend its quantitative easing.
As of November 30th the median sales price for a single family residential home (per the South Tahoe Association of Realtors) had increased 32.7% from $245,000 a year ago to our current $325,000. We hit bottom in August 2012 at $234,000.
Statistics for some of our area neighborhoods: Gardner Mountain area has increased 14.5% in value from a year ago. Montgomery Estates has increased 13.3% while Y Area values are up 10% from a year ago. For those living in Tahoe Keys, market values are up 15% from where they were one year ago. For a look at your current neighborhood statistics click here.