South Lake Tahoe Real Estate Market Update, July 23- July29

[SinglePic not found]This week there were 21 NEW LISTINGS, the same as last week. The lowest priced new listing is $225,000 for 1025 Tahoe Island, a 2 bedroom, 1 bath with 1012 square feet. The highest priced new listing is $2,350,000 for 1481 Ledge Ct., a 4 bedroom, 3.5 bath with 4859 square feet. This week’s median listing price is $325,000.

There were 11 homes that went into ESCROW this week, down from last week’s 18. The lowest priced new escrow is $150,000 for 2943 Oakland, a 3 bedroom, 1.75 bath with 1383 square feet of living space. The highest priced new escrow is $689,000 for 987 Turnback, a 3 bedroom, 2.5 bath with 2770 square feet. The median pending sale price is $349,000 with an average time on market of 22 days.

This week there were 6 homes that were recorded as SOLD, down from last week’s 9. The lowest sale price was $245,000 for 2657 William, a 3 bedroom, 1.75 bath with 1370 square feet. The highest sale price was $455,000 for 704 El Dorado, a 2 bedroom, 2 bath with 1212 square feet. The median sale price was $305,500 with an average time on market of 286 days.

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