The Stateline neighborhood in South Lake Tahoe showed a significant increase in value when comparing 2021 to the previous year. Both the median and average sale prices increased as did the average dollar per square foot. The list to sale price ratio went down a bit but the average time on the market and the average months supply of homes decreased. These are all indicators of what continues to be a sellers market going into the year 2022.
| Stateline | 2020 | 2021 |
|---|---|---|
| Number of Sales | 11 | 12 |
| Median Sale Price | $396,000 | $663,250 |
| Average Sale Price | $616,091 | $1,078,775 |
| Average List to Sale Ratio | 105.6% | 102% |
| Median Dollar Per Square Foot | $388 | $647 |
| Days on the Market | 76 | 71 |
| Month Supply | 3.1 | 2 (-35.5%) |
The post Stateline 2021 End of the Year Market Comparison Report appeared first on Lake Tahoe Real Estate | South Lake Tahoe Real Estate Experts - Don & Theresa Souers.