Okay – the past week was gorgeous and the South Lake Tahoe real estate market was healthy. There were 22 new listings, up from last week’s 18. Traditionally, the number of new listings at this time of the summer is lower than that which we are currently seeing. Among these new listings, the lowest asking price is $249,000 for a one bedroom, one bath cabin with 676 SF in the Bijou area. The highest asking price is $5,500,000 for a waterfront home in the Tahoe Keys. This home features 4 bedrooms, 4.5 baths, over 4,000 square feet, a 3 car garage and the biggest views you can imaging. The median price for the 22 new listings is $637,475.
Just as last week, the number of new reported escrows was 9. Within these new escrows, the lowest asking price is $174,900 for a 1 bedroom, 1 bath home with approximately 700 SF located within the popular Al Tahoe area. The highest asking price is $1,088,000 for a 2 bedroom, 3 bath home with over 2,000 SF of living space. This home is located in the Tahoe Keys. The median asking price for these 9 new escrows is $578,000. The average time on the market was only 91 days. Looks good!