South Lake Tahoe Real Estate Market Update, Aug 6- Aug 12

[SinglePic not found]The number of new listings continues to decline – good sign for sellers.  This week there were 11 NEW LISTINGS, down from last week’s 12. The lowest priced new listing is $209,900 for 798 Hazel, a 3 bedroom, 2 bath with 1184 square feet. The highest priced new listing is $995,000 for 647 Eloise, a 3 bedroom, 3.5 bath with 4054 square feet. This week’s median listing price is $379,000.

And again, more improvement with increased pending sales.  There were 15 homes that went into ESCROW this week, up from last week’s 12. The lowest priced new escrow is $194,900 for 872 Tata, a 3 bedroom, 2 bath with 1685 square feet.  The highest priced new escrow is $999,000 for 1756 Gentian, a 5 bedroom, 4 bath with 3111 square feet (way to go, Mark Salmon with Pinnacle.) The median pending sale price is $325,000 with an average time on market of 97 days.

This week there were 3 homes that were recorded as SOLD, down from last week’s 11. The lowest sale price was $345,000 for 3505 April, a 5 bedroom, 2.5 bath with 2146 square feet. The highest sale price was $485,000 for 3956 Meadow, a 2 bedroom, 1 bath with 908 square feet. The median sale price was $400,000 with an average time on market of 146 days.

Stay tuned – more sales to come!