South Lake Tahoe Real Estate Market Update, Oct. 29- Nov. 4
The South Lake Tahoe real estate market showed 14 NEW LISTINGS this past week, one more than the previous week’s 13. The lowest priced new listing is $81,900 for 1223 Bonanza, a 2 bedroom, 1 bath with 812 square feet. The highest priced new listing is $1380,000 for 872 Tata, a 3 bedroom, 2 bath with 1685 square feet. This week’s median listing price is $282,450.
There were 14 homes that went into ESCROW this past week, up from last week’s 14. The lowest priced new escrow is $164,500 for 2577 Armstrong, a 3 bedroom, 1 bath with 832 square feet. The highest priced new escrow is $798,000 for 1971 Aloha, a 4 bedroom, 2.5 bath with 2545 square feet. The median pending sale price is $294,000 with and average time on market of 68 days.
This week there were 10 homes recorded as SOLD, one more than last week’s 9. The lowest sale price was $197,500 for 1200 Wildwood #39, a 2 bedroom, 1.5 bath condo with 1046 square feet. The highest sale price was $2,550,000 for 3819 Beach, a 4 bedroom, 2 bath with 2286 square feet in the Tahoe Keys. The median sale price was $310,250 and the average time on the market (including the escrow period was 168 days).
Souers South Lake Tahoe Home of the Week
[SinglePic not found]This week’s featured home is 2020 Hopi St, listed at just $335,000. This affordable 3 bedroom, 2 bath home is located in the popular Meyers neighborhood in South Lake Tahoe. Outdoor lovers will appreciate the close proximity to Tahoe Paradise Park, Lake Baron & the Upper Truckee River. This house was taken clear down to the studs in 2007 and remodeled with all of today’s bells and whistles. Upgrades include a newer roof, hardwood floors, granite counter tops, natural stone, gas fireplace and more. Best of all, the ambiance of a Tahoe cabin continues to hold strong and remind you that you are certainly in the mountains. The lot is supersized allowing plenty of room for kids & pets. Furnishings are negotiable as well. Those looking for investment opportunities may want to take advantage of the current successful vacation rental program.
Click here for a visual tour of 2020 Hopi.