South Lake Tahoe - Jan. 25th - 31th. Weekly Market Update
The snow just keeps coming and coming and coming. Most locals are still cheering yet there is a bit of “be careful what you wish for” beginning to float in the air.
This past week’s real estate activity was one of the busiest we have seen in quite awhile. There were 15 new, or “back on the market” listings, 7 new escrows and 3 recorded sales. The new lowered interest rates seem to be having the positive affect we were hoping for.
Within the city limits, there were 11 new or “back on the market” listings ranging from $268,000 for a 2 bedroom, 1 bath home listed for $268,900 (a foreclosure sale) to $639,850 for a three bedroom, 2.5 bath home built in 2002 with over 2,000 SF of living space. There were 6 new pending sales ranging from $259,900 for a 2 bedroom, 1 one bath home in the Sierra Tract to a $689,000, 5 bedroom home with over 3,000 SF of living space in the the Gardner Mountain area. The 3 recorded sales ranged from $260,000 to $360,000, both being 2 bedroom homes. Wrapping up the market activity within the city limits was a new lake view lot listing for $638,000.
Within the county areas, there were 4 new listings ranging from $349,900 for a 1976, 3 bedroom home with 1300 SF of living space to $599,000 for a newer, 2005 three bedroom home within the Christmas Valley area. There was one new escrow for a home built in 1969, also within the Christmas Valley area.
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.