South Lake Tahoe - Feb. 1st - 8th. Weekly Market Update
This was an interesting week. Despite a week long episode of storm after storm after storm, homes were being listed and sold at a rate equivalant (and even better in some categories) than the previous months. Never mind the fact that most neighborhoods were experiencing narrow, one lane roads with snow berms eliminating most views. One agent shared an actual dream she had last night of driving her car through a maze and not being able to find her way out. This followed a day of showing houses in a neighborhood that left her unsure of what street she was on at any given time.
Within the city limits, there were 13 new homes reported as new or “back on the market” listings within the past week. This group represented quite a variety of homes starting as low as $144,900 for a small condo to $1,350,000 for a 5 bedroom home built in 2005 located at the doorstep of Heavenly Mountain Ski Resort. There was one new lot listing within the $220,000 range.
5 homes went into escrow ranging from $179,000 for a small home in the Sierra Tract to $579,000 for a 4 bedroom older home with approximately 2,600 SF of living space in the Bijou area. No lots went into escrow within the city limits.
There were 2 reported sales ranging from $253,000 to $480,000. There no lots sales recorded within the city limits.
The county area showed quite a bit of selling activity. There were 2 new or “back on the market” listings ranging from $575,000 for a 5 bedroom home to $699,000 for a 4 bedroom home. In regards to lots, there were 2 new listings, both in the $220,000 range.
Now check this out - there were 14 new escrows within the county area. These sales ranged from $349,000 for a 3 bedroom, 1,560 SF home to $999,000 for a 3,276 SF home built in 2002. There was one new escrow for a lot in the Montgomery Estates area for a terrific value of $139,000.
There were no recorded closings within the county area for either homes or lots.