Pinnacle Tahoe Real Estate Blog

It’s been a rather electrifying day here in Lake Tahoe as forecasts are calling for the “Storm of 50 Years.” Whether or not it actually pans out, the locals are all demonstrating the annual symptons of the “Donner Party Syndrome” stocking up on food, gas for the snowblowers, flashlight batteries and lanterns.

As reported by the South Tahoe Association of Realtors Multiple Listing Services, during the period of December 27, 2007 - January 3rd, 2008, there were 8 new or “back on the market” listings, 3 pending sales and 9 closed escrows all within the category of residential sales.

Among the new listings, the prices ranged from $349,000 for a 3 bedroom Bijou home to $830,000 for a 2 bedroom, lake front condo. As always, there is something for everybody!

Our Thursday CONGRATULATIONS go out to the buyers and sellers of the following homes.

The pending sales ranged from $229,000 for a 3 bedroom home in the Sierra Tract to $780,000 for a brand new four bedroom home in the Al Tahoe area.

Those posting closed sales ranged from $275,000 for a 2 bedroom Heavenly Valley condo to $1,200,000 for a5 bedroom waterfront home in the Tahoe Keys.

Be sure to check out the South Lake Tahoe real estate neighborhood information on our website. This new section includes market trends such as median home prices and the frequency of sales as well as historical data.

This entry was posted on Sunday, January 6th, 2008 at 8:00 am and is filed under South Lake Tahoe Real Estate Market Update. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.