South Lake Tahoe Real Estate Market Update, Mar. 11- Mar. 17
What a week within the South Lake Tahoe real estate market. There were 16 NEW (or back on the market) Listings over the past week according to the South Tahoe Association of Realtors, 2 more than the previous week’s 14. The lowest priced new listing is $163,900 for 1133 Glenwood, a 4 bedroom, 2 bath with 1854 square feet. As you can see by the price, it could use a bit of TLC but what an investment opportunity. The highest priced new listing is $749,000 for 1917 Cathedral, a 3 bedroom, 2 bath with 2363 square foot home within the Tahoe Keys. The median listing price among this group was $351,950.
The best news was that there were also 16 homes that went into ESCROW last week, 5 more than the previous week’s 11. The lowest priced new escrow is 159,900 for 1353 Meadow Crest, a bank owned fixer with 5 bedrooms, 2 baths and 1860 square feet. The highest priced new escrow is $939,000 for 344 Uplands, a 4 bedroom, 3 bath with 2940 square feet of living space located within desirable Angora Highlands. The median pending asking price is $407,000 (which is higher than the current median home price sold) with an average time on market of 94 days.
Last week showed 8 CLOSED sales. The lowest sale price was $210,000 for 3600 Paradise, a 2 bedroom, 1 bath with 960 square feet and a bonus lot (congratulations to Jaime Souers with the Pinnacle Real Estate Group). The highest sale price was $912,500 for 366 Ala Wai #271, a lakefront condo within the Tahoe Keys that included 3 bedrooms, 2 baths and 1558 square feet. The median sale price was $517,500 with an average time on the market of 95 days. Again, this median home price was above the overall median for the past four months.
Heavenly Open House – 3775 Overlook Ct.
We hope you will take a moment to stop by our OPEN HOUSE this Saturday between 1 – 4 at 3775 Overlook Court within the Heavenly Valley neighborhood of South Lake Tahoe. Just head on up to Heavenly Mountain and follow the Souers Open House Signs. Turn left on Wildwood and then left on Overlook Court.
Located literally at the foot of Heavenly Mountain Ski Resort, this classic Tahoe cabin features what everyone second home buyer is looking for – lake and mountain views, setting, easy access to year-round outdoor and indoor recreation and all at a great value. Under $400,000. You simply will not find all of these features at this price anywhere else around the lake. This is, simply put, a great investment opportunity. Many of the surrounding homes are worth over a million dollars.
This cabin has three bedrooms, 3 baths, a large wrap-around viewing deck, vaulted pine ceilings and tons of potential for equity growth. If you don’t have time to stop by, you may want to click through to this musical video. If you have any questions or would like to schedule a personal tour, just give us a call toll free at 877.768.3775. We would love to hear from you.
South Lake Tahoe OPEN HOUSE, Saturday, March 13th
We will be hosting an OPEN HOUSE this Saturday at 3076 Jacarillo in Montgomery Estates, South Lake Tahoe, California. The Open House will be held from noon to three in the afternoon. We would like to invite you to stop by, bring your friends and family and take a tour of this beautifully remodeled home.
Features in the home include vaulted ceilings, an abundance of natural light, an exquisite kitchen with cherry cabinets, granite counters, built-in work station and a pantry. The living room has a TRPA approved wood-burning stove and wood grain laminate. The master suite is upstairs and the two guest rooms are down. The family room, located on the lower floor also has a walk-in closet and could be walled off for a fourth bedroom. There is a great workshop in the backyard and RV parking. These are just a few of the many amenities to be discovered.
We will also have information available regarding the South Lake Tahoe real estate market in general and as well as some snacks. Come on by. We would love to see you.
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771 North Bowl C
THIS HOME IS CURRENTLY OFF THE MARKET!
Whether you are looking for a dynamic ski condo, a summer escape from the heat or the tranquility of mountain-top living, you will love this lake view condo. Seriously, BIG lake views. This three or four bedroom condo (depending on how you choose to utilize the floor plan) is located in the highly sought after area on Nevada’s side of Heavenly Mountain. This “ski in/ ski out” unit has a special feature that is rare in the area. NO STAIRS leading to the front door. The main floor features a living room with rock fireplace, a dining area, kitchen, two bedrooms and a full bath. Downstairs is a family or game room (currently set up as a fourth bedroom) with the second rock fireplace, a third bedroom and another bath. Both decks enjoy panoramic lake views and an abundance of fresh air. Pine accents throughout the unit give it that extra “mountain living” ambiance. Don’t forget about the private laundry and plentiful storage. This home is certainly one investment you won’t want to pass on.
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1301 Gilmore Lake Road
THIS HOME HAS SOLD!
Huge Price Reduction – Location, design and views are among the many key features embracing this custom family home. Location – within 5 minutes to the lake, skiing, meadows and golf. Design – spacious rooms flow in such a way to provide the utmost in family living. Key features include custom stone floors, lustrous granite counters, alder cabinets, game room, full landscaping, 3 gar garage, RV parking and so much more. Sun lovers will know they have found home.
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