The number of NEW PENDING escrows over the past week was 10, down 2 from the previous week’s 11. The lowest pending list price from this group was $255,000 for 2521 Knox in the Sierra Tract. The highest priced home that went into escrow over the past week is listed at $679,000 for 1262 Glen Eagles in the Pioneer Trail neighborhood. The overall median asking price for homes that went into escrow was $314,000 while the average overall was $369,975. The average time on the market was just 34 days.

As for the CLOSED escrows, there were 17 during the past week, up 9 from the previous week’s 8. The lowest recorded sale price within this group was $95,000 for a condo located at 1223 Bonanza #26, a 2 bedroom, 1 bath with 841 square feet located at the Y. The highest recorded sale last week sold for $1,490,000 and it is located at 2160 Balboa in the Keys. This home has 4 bedrooms, 3.5 baths and 3122 square feet. The median sale price was $385,881 and the average was $424,699. The average time on the market, including the escrow period, was 204 days.

As of March 20th, 2013 there are currently 236 homes and condos on the market. Out of these 236 properties for sale, 85 of them are in escrow. Out of the 85 properties in escrow, 19 of them are still pending bank approval for a short sale.

Location, location. This contemporary home stands out in this category. Those seeking privacy, an abundance of natural light & amenities will be extra pleased with all this dwelling has to offer. Upstairs living features a spacious great room with views of the forested back yard yet open to the dining and kitchen areas. Surround sound, a Vermont Castings fireplace and the upstairs deck add to the overall ambiance. The kitchen counters are a combination of granite, pine and a log-style breakfast bar. Down the hall is the half bath and entry to the master bedroom. The entire upstairs features vaulted ceilings. The master bedroom and suite are highlighted with large viewing windows, dual sinks and roomy closet space. Downstairs are two guest bedrooms. One of the bedrooms has French Doors leading to the over-sized lower deck & family hot tub. There is a full bath and a laundry area as well. Extra pluses include adjacent government-owned land, air-conditioning and extra coverage.

THIS HOME HAS SOLD!

You chose a life in Tahoe for a reason. Seasons of alpine beauty, a more tranquil pace, and an abundance of year round sun. This is a home that offers the opportunity to encompass these life values from sunrise to sunset. Backing miles of forested trails leading into the Desolation Wilderness, this newer home features four bedrooms, a splendid great room, a family room & an open floor plan centered around the gourmet kitchen. Amenities in this home include numerous upgrades such as the security system, hot water circulating pump, warming drawer, Hunter Douglas window coverings, Anderson patio doors, alder cabinets, doors & trim, structured wiring, and custom cabinetry. The light fixtures in dining area, breakfast bar, and sconces are Hubbardton Forge and two gas fireplaces provide the ultimate in ambiance. Start the day with your morning beverage of choice while gazing out the bay window toward the forest and you’ll be daily reminded of why you chose a life in the mountains.