South Lake Tahoe Real Estate Market Update, Oct. 2- Oct. 8
During the past week, there were 8 NEW listings posted, just slightly up from the 7 of last week. The lowest priced home in this group is listed for $240,000 and is located at 973 Tata in the Y area with 2 bedrooms, 1.5 baths and 1200 square feet. The highest priced new listing is $799,000 at 2121 Texas with 4 bedrooms, 2.5 baths and 2535 square feet of living space. The median home price for the new listings this week is $427,000.
There were 10 NEW ESCROWS posted, similar to last week’s 9. The lowest priced home out of the 10 is listed at $139,000 and is a studio condo with 1 bath and 480 square feet located at 516 Emerald Bay Rd. #201. The highest price is $519,000 located at 1317 Gilmore Lake with 3 bedrooms, 2 baths and 1837 sf of living space. The median home price for the pending sales is $357,000. The average time on the market for these homes is 112 days.
There were 8 CLOSED sales this week which is the same number as last week. The lowest priced sale was $358,000 for a 3 bedroom, 2 bath home with 1276 square feet located at 1767 Chibcha in the Tahoe Paradise neighborhood. The highest sale this week was for 947 Colusa in Christmas Valley at $625,000 for a 4 bedroom, 2.5 bath with 2800 sf. The median price among the closed sales is $439,000, up from last week’s median of $360,000. The average time on the market for these homes was 81 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.