South Lake Tahoe, CA Market Update, July 18 - July 24
During the week of July 18th through the 24th, the South Lake Tahoe real estate market continued along a consistent path of new, pending and sold escrows. During this week there were 18 new listings. Among these new listings, the lowest asking price is $305000 for a 2 bedroom, 1 bath home with approximately 1,000 SF in the Sierra Tract to a high of $839,000 for a 3 bedroom, 2.5 bath with over 2,500 SF in the popular Montgomery Estates neighborhood. The median price for these 18 new listings was $452,000.
There were 9 new escrows, slightly up from the previous week’s 8. The low was $239,000 for a one bedroom, one bath cabin with only 468 SF of living space. This escrow is pending bank approval for a short sale. The high range reached $899,999 for a 4 bedroom, 3 bath home built in 2004 and featuring over 2,817 SF of living space. This home is located in the Al Tahoe area, within walking distance to Lake Tahoe.
The number of closed sales totaled 4, slightly down from last week’s 5. The lowest selling price was $271,000 for a 2 bedroom, 1 bath home with 912 SF of living space in the Bijou area. Congrats to daughter Jaime for a great job. The highest priced home sold during the past week was $402,800 for a 4 bedroom, 2 bath home featuring nearly 1,906 SF in the HIghland Woods area.
This week’s featured property is 707 Julie. This delightful home is located in the popular Gardner Mountain area which is well known for its forested settings within a few short miles to Lake Tahoe beaches, a few short steps to National Forest trails leading to Fallen Leaf Lake and yet, within the city limits. This home has 3 super sunny bedrooms, 2 baths, granite counters, large rake windows and a double garage. Click Here To Take A Visual Tour.