The prices in real estate in South Lake Tahoe, in the California region have had a strong fall in the last couple of months. The real estate prices for second hand homes have gone through a strong fall in this city.
The price per sq.feet in South Lake Tahoe has had a strong decrease during the last 6 months. In February, the average price per sq.feet was $995. In the following month the price per sq.feet decreased considerably to $397. The price for the following two months in (April, May) had a considerable decrease of 47 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 71 % in the last two months compared to the average price for the previous four months. This was obtained by comparing the first four months of the period going from a price per sq.feet of $512 to $362 during June, and July.
Based upon to the price in South Lake Tahoe (cities), this has gone up in the last 6 months. In our first sample month during February, the average price is $664,157. In March This price remains at $665,396. In the following two months the average price has remained the same with regard to the previous two months from $664,776.5 to $670,390. Based on an analysis of the first four prices and the last two months the average price has risen strongly 119 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of $878,081 they are 77 % more affordable than the average price for South Lake Tahoe. The properties with the lowest average price have 4 bedrooms, Their price is 4 % cheaper than the average. After that we have properties with 3 bedrooms priced at $585,988.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of $199 / sq.feet, with an average $378 / sq.feet price in South Lake Tahoe. The properties with the highest average prices have 1 bedroom. They are 130 % more expensive than the average followed by properties with 3 bedrooms with a price at $376 / sq.feet.
The graph displaying the average prices displays the property type "Duplex" as the most affordable one. At an cost of $878,081 it is 40 % cheaper than the average price in South Lake Tahoe. "Townhouse" is seen as the second most affordable property type. The dearest property type is "Commercial" followed by "House". At a price of $869,662 it is 111 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Duplex" at an average cost of $287 / sq.feet followed by "Commercial" priced at $300 / sq.feet. "Condo" is the most costly type of property with a $522 / sq.feet cost followed by "House" with an average price of $409 / sq.feet.