The following information was taken directly from the South Lake Tahoe Association of Realtors’ Multiple Listing Services on October 2, 2008.

During the past week, there were 7 NEW listings posted down from the 14 of last week.  The lowest priced home in this group is listed for $280,000 1410 Ski Run #18, a 2 bedroom, 1.5 bath condo near Heavenly with 832 square feet. The highest priced new listing is $1,295,000 for a 5 bedroom, 4 bath home with over 3,309 SF of living space, in the Tahoe Keys.  The median home price for the new listings is $625,000.

There were 9 NEW ESCROWS posted, down from last week’s 17.  Among these 9 homes, the lowest price is $239,900 at 3408 Janet with 2 bedroms, 1 bath and 1056 square feet.  The highest price is $997,500 for a 4 bedroom, 2.5 bath home with approximately 3,100 SF of living space.  The median home price is $349,000. The average time on the market for these homes is 105 days.

There were 8 CLOSED sales, up from last week’s 4.  The lowest priced sale was $268,000 for a 4 bedroom, 2 bath home with 1368 SF, located in Sierra Tract.  The highest recorded sale was $630,000 for a 3 bedroom, 2 bath North Upper Truckee home with approximately 2169 SF of living space (another Pinnacle listing sold!).  The median price among the closed sales is $360,000, down from last week’s $444,000.  The average time on the market for these homes is 100 days (including the escrow period.)

Be sure to visit our website at www.HomeInTahoe.com to learn more about the Lake Tahoe real estate market, neighborhood stats and more.

Tags: Lake Tahoe Homes For Sale, Lake Tahoe Real Estate, South Lake Tahoe Real Estate, The Lake Tahoe Real Estate Market

This entry was posted on Friday, October 3rd, 2008 at 8:14 am and is filed under South Lake Tahoe Real Estate Market Update, The Lake Tahoe Real Estate Market. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.