.The following information is taken from the South Lake Tahoe Association of Realtors as reported on Thursday, September 4th, 2008.
During the week of August 28th – September 3rd, there were 15 new listings posted. Within these new listings, the lowest asking price is $265,000 for a 1 bedroom, 1 bath home in the Stateline area. The high end is $1,325,000 for a newer Montgomery Estates, 4 bedroom, 3.5 bath home with approximately 3,300 SF. The median home price among these new listings is $499,000.
12 NEW Pending Escrows were reported with a range between $258,000 (pending short sale approval) for a 2 bedroom, 2 bath condo near the Heavenly Mountain area. The highest priced new escrow is $2,300,000 for a 3,032 SF waterfront home in the Tahoe Keys area. The median home price for these pending sales is $417,000 with an average of 76 days on the market.
Buyers and Sellers are celebrating the 7 new recorded sales posted last week. The lowest recorded sale was $277,500 for a 2 bedroom, 2 bath condo on Ski Run near the Heavenly Mountain Ski Resort. The highest reported sale was $998,000 for a 3 bedroom, 3 bath Tahoe Keys home with approximately $2,100 SF of living space. The median home price within this group was $565,000, up from last week’s $410,000. The average time on the market was 105 days, down from last week’s 115 days.
Be sure to visit our web site at www.HomeInTahoe.com to learn more about the various neighborhoods, market trends and other valuable information regarding the South Lake Tahoe area.
Tags: Lake Tahoe Homes For Sale, Lake Tahoe Real Estate, South Lake Tahoe Real Estate Market Update, The Lake Tahoe Real Estate Market
Leave it to Don and Theresa to be at the cutting edge in the Lake Tahoe real estate blogosphere. It’s just one more example of how they continue to find ways to be of help to their prospects, their past clients and to the public at large. Though the market is less than wonderful at this moment, when it rebounds (and it will) they’ll be out in front because of this kind of effort. They ARE the hardest working (and smartest) team in Tahoe. They ARE “A better place to be.”