The Pioneer Trail neighborhood is a popular neighborhood in South Lake Tahoe that had positive notes in most of the categories that we follow.The average sold price went up by 18.1% while the median went up 18.2%. The amount of closed sales saw a 43.6% dip, which we have seen in a lot of our neighborhood reports due to low inventory. New listings were down 19.4% and pending sales were down 37.8%. Days on the market also went down 30%. With this report, it is no surprise that the month supply is 1.9. In order to be considered balanced, we need a 6 month supply so this area is definitely feeling the affects of being in a seller’s market.
| Pioneer Trail Market Comparison | 2017 | 2016 |
|---|---|---|
| Number of Sales | 22 | 39 |
| Median Home Price | $444,000 | $375,500 |
| Average Home Price | $487,682 | $412,870 |
| Average List to Sale Ratio | 98.6% | 98.1% |
| Average Dollar Per Square Foot | $301 | $269 |
| Days on the Market | 81 | 117 |
| Month Supply | 1.9 | 2.4 |
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