South Lake Tahoe Real Estate Market Update, July 30- Aug 5
[SinglePic not found]This week there were 12 NEW LISTINGS, down from last weeks 21. Is this the start of a declining inventory? We can only hope. The lowest priced new listing is $103,900 for 1233 Bonanza #1, a 2 bedroom, 1 bath condo with 812 square feet. The highest priced new listing is $950,000 for 4062 Greenwood, a 3 bedroom, 2.5 bath with 2702 square feet. This week’s median listing price is $400,500.
More good news! There were 12 homes that went into ESCROW this week, up from last week’s 11. The lowest priced new escrow is $140,000 for 3337 Pickett, a 3 bedroom, 1.5 bath with 1060 square feet. The highest priced new escrow is $1,349,000 for 569 Lucerne, a 4 bedroom, 4 bath with 5313 square feet in the Tahoe Keys. The median pending sale price is $271,400 with an average time on market of 47 days.
This week there were 11 homes that were recorded as SOLD, up from last week’s 6. CHEERS! The lowest sale price was $208,000 for 2158 Washington, a 2 bedroom, 1 bath with 768 square feet in the Tahoe Island Park neighborhood. The highest sale price was $1,650,000 for 2045 Aloha, a 3 bedroom, 4.5 bath with 3209 square feet located in the Tahoe Keys. The median sale price was $385,000 with an average time on market of 186 days.