South Lake Tahoe Real Estate Update, Jan. 26- Feb. 1
Another glorious week in Tahoe. A nice blanket of snow was a gift this week followed by the bluest skies possible. Perhaps this is one of the reasons that our real estate activity picked up a bit during the pass week. According to the South Lake Tahoe Association of REALTORS’ Multiple Listing Services, there were 9 new listings posted over the past week, up 2 from the previous week’s 7. Among these new listings, the lowest priced property is $119,000 for 3724 Larch, a 1 bedroom, 1 bath with 656 square feet of living space. A suprise to most, at this price this home is neither a foreclosure or short sale and it is located in the Bijou neighborhood. The highest priced new listing over the past week is listed at $995,000 for 4021 Lakeshore Blvd. near Stateline. This lakefront home has 2 bedrooms, 2 baths and 994 square feet. The overall median list price for these new listings was $249,000 and the overall average list price was $335,517.
The number of NEW PENDING escrows over the past week was 17, up a whopping 7 from the previous week’s 10. The lowest pending list price from this group was $151,200 for 1619 Atroari, a bank-owned home located in the Tahoe Paradise neighborhood. This home has 3 bedrooms, 2 baths and 1248 square feet. The highest priced home that went into escrow over the past week is listed at $964,900 for 2165 Balboa, a 4 bedroom, 4 bath in the Tahoe Keys with 4150 square feet of living space. This home is also currently bank owned. The overall median list price for the homes in escrow this last week was $299,000 and the overall average list price for these homes was $372,653. The average time on the market for these pending sales was 81 days.
As for the CLOSED escrows, there were 12 reported sales over the past week, up 1 from the previous week. The lowest recorded sale price within this group was $127,000 for 1261 Heather Lake, a 3 bedroom, 2 bath with 1232 square feet. This home was a bank owned sale and it is located in the Bijou neighborhood. The highest recorded sale last week sold for $575,000 for 1901 Blackfoot in the Tahoe Paradise area. This home was a short sale with 5 bedrooms, 4 baths and 3438 square feet of living space.
As of February 1st, 2011, there are currently 370 active homes and condos on the market according to the South Tahoe Association of Realtors’ MLS. Out of the 370 active listings, 103 of them are in escrow. Among the 103 escrows, 49 of them are subject to bank approval for a short sale.
East Shore, NV- South Lake Tahoe Real Estate Market Update, Jan. 20- Jan. 26
As we head out the door to enjoy an absolutely GLORIOUS day in Lake Tahoe, we thought it best to finish up one bit of business. That is the posting of the weekly real estate report for the East Shore of Nevada. According to the Northern Nevada Regional Multiple Listing Services, there are 126 single family homes currently listed for sale throughout the Lake Tahoe’s Nevada East Shore neighborhoods (as of January 26th, 2012). Among this group of Nevada homes for sale, there are 18 homes currently in escrow. Among these 18 escrows, 11 are still pending bank approval for a short sale. Throughout these 126 active listings, the median list price is $1,295,000 while the average list price is at $2,744,704. Among the 18 homes that are in escrow, the median listing price is $350,000 and the average listing price is $614,988.
There was 1 new listing over the past week for the East Shore side of Lake Tahoe, NV, down 2 from the previous week’s 3 new listings. The new listing is asking $274,900 for a home located at 740 Kingsbury. This home is bank owned and it has 3 bedrooms, 2 baths and 1969 square feet of living space. Unfortunately there were no new pending sales reported for the past week either, the same as the week before. There were, however, 2 homes that closed escrow over the past week, up 2 from the week before. The lowest sale price was $265,500 for 649 N. Martin. This home has 3 bedrooms, 1 bath and 1024 square feet. The highest recorded sale was $480,000 for 314 Ute Way in Round Hill. This is a 4 bedroom, 2 bath with 2501 square feet.
As of January 26th, 2012 there are currently 66 condominiums listed for sale on the Nevada side of South Lake Tahoe. The median listing price for these condos is $394,000 and the average listing price is $630,807. Out of these 66 condos on the market, there are 7 that are currently in escrow. Among the 7 pending sales, 4 are subject to bank approval for a short sale. The median price for Nevada condos in escrow is $209,900 and the average is $307,457. There were 2 new condo listings put on the market last week, up 2 from the week before. The lowest new asking price is $313,500 for 229 Clubhouse, a 3 bedroom, 3 bath with 1676 square feet. This condo is currently bank owned. The other new listing is asking $625,000 for 121 Holly B in the Lake Village complex. This condo has 3 bedrooms, 2 baths and 2112 square feet of living space. There were no new pending condo sales, the same as the prior week. As for recorded sales, there was one condo that sold for $96,000. This condo was a foreclosure sale and it has 2 bedrooms, 2 baths and 1232 square feet. It is located at 383 B Tramway at the top of Kingsbury Grade.
South Lake Tahoe Real Estate Market Update, Jan. 19- Jan. 25
image by Theresa Souers
We enjoyed a splash of winter this past week however, it looks like the coming weekend will once again return to Spring. Knowing what could be around the corner, we will take advantage of the warmer temperatures and head outdoors for some fresh air. Now, onward to the weekly real estate report. According to the South Lake Tahoe Association of REALTORS’ Multiple Listing Services, there were 7 new listings posted over the past week, down 1 from the previous week’s 8. Among these new listings, the lowest priced property is $115,000 for 2580 Alma. This is a bank-owned home in the Sierra Tract neighborhood with 2 bedrooms, 1 bath and 864 square feet of living space. The highest priced new listing over the past week is listed at $549,000 for 1301 Susie Lake Road. This Bijou home has 3 bedrooms, 3 baths and 2655 square feet. The overall median list price for these new listings was $359,000 and the overall average list price was $335,643.
The number of NEW PENDING escrows over the past week was 10, down 4 from the previous week’s 14. Condos seem to be the bookends for this week’s pending sales. The lowest pending list price from this group was $49,000 for a bank-owned condo located at 1223 Bonanaza #4 in the Y neighborhood. This condo has 2 bedrooms, 1 bath and 841 square feet. The highest priced home that went into escrow over the past week is listed at $449,000 for 439 Ala Wai #135. This Tahoe Keys condo has 3 bedrooms, 3 baths and 1870 square feet.The overall median list price for the homes in escrow this last week was $203,125 and the overall average list price for these homes was $235,842. The average time on the market for these pending sales was 101 days.
As for the CLOSED escrows, there were 11 reported sales over the past week, up 5 from the previous week’s . The lowest recorded sale price within this group was $108,900 for 3804 Alder, a 3 bedroom, 2 bath with 1235 square feet located in the Ski Run area. This home was a bank-owned sale. The highest recorded sale last week sold for $815,000 for 3606 Mackedie, a 5 bedroom, 3 bath with 3186 square feet of living space (congratulations to Mark Salmon with Pinnacle Real Estate) located at the foot of Heavenly Mt. The overall median sale price for the past week was $185,000 and the overall average sale price was $276,627.
As of January 25th, 2011, there are currently 380 active homes and condos on the market according to the South Tahoe Association of Realtors’ MLS. Out of the 380 active listings, 108 of them are in escrow. Among the 108 escrows, 52 of them are subject to bank approval for a short sale.
East Shore Nevada- South Lake Tahoe Real Estate Market Update, Jan. 13- Jan. 19
Winter is back and excitement about returning to the ski slopes is abundant. With that long awaited event under our belts, let’s move forward to the real estate market report.
According to the Northern Nevada Regional Multiple Listing Services, there are 122 single family homes currently listed for sale throughout the South Lake Tahoe’s Nevada East Shore neighborhoods (as of January 19th, 2012). Among this group of Nevada homes for sale, there are 16 homes currently in escrow. Among these 16 escrows, 9 are still pending bank approval for a short sale. Throughout these 122 active listings, the median list price is $1,270,000 while the average list price is at $2,789,061. Among the 16 homes that are in escrow, the median listing price is $369,500 and the average listing price is $657,181.
There were 3 new listings over the past week for the East Shore side of Lake Tahoe, NV. The lowest new listing price is $459,000 for 654 Jeffrey Lane in the Stateline area. This home has 4 bedrooms, 3 baths and 2,806 square feet of living space. The highest priced new listing is $2,000,000 for 179 Yerington Circle in the Glenbrook community. This home features 4 bedrooms, 4 baths and 3,097 square feet of living space. The median list price for the new listings is $1,295,000 and the average is $1,251,333. Unfortunately there were no new pending sales reported for the past week either, the same as the week before. There were also no reported sales for single family homes.
As of January 19th, 2012 there are currently 65 condominiums listed for sale on the Nevada side of South Lake Tahoe. The median listing price for these condos is $389,000 and the average listing price is $626,680. Out of these 65 condos on the market, there are 7 that are currently in escrow. Among the 7 pending sales, 4 are subject to bank approval for a short sale. The median price for Nevada condos in escrow is $149,500 and the average is $279,800. This was a very slow week for Nevada condo activity as there were no new condos listed for sale, no new pending sales and unfortunately no recorded sales either.
South Lake Tahoe Real Estate Market Update, Jan. 12- Jan. 18
According to the South Lake Tahoe Association of REALTORS’ Multiple Listing Services, there were 8 new listings posted over the past week. Among these new listings, the lowest priced property is $184,900 for 1893 Hunkpapa (listed by the Souers team). This home is located in the Pioneer Trail neighborhood and features 2 bedrooms, 2 baths and 960 square feet of living space. The highest priced new listing over the past week is listed at $695,000 for 1640 Venice in the Tahoe Keys neighborhood. This property has 4 bedrooms, 3 baths and 2,444 square feet of living space. The overall median list price for these new listings was $411,950 and the overall average list price was $427,100.
The number of NEW PENDING escrows over the past week was 14. The lowest pending list price from this group was $75,900 for 1234 Dedi Ave. in the Y neighborhood. This home is currently bank owned and has 2 bedrooms, 1 bath and 868 square feet of living space. The highest priced home that went into escrow over the past week is listed at $510,000 and is located at 1989 Marconi in the Tahoe Keys neighborhood. This home is also bank owned and it features 3 bedrooms, 3 baths and 2697 square feet of living space. The overall median list price for the homes in escrow this last week was $243,700 and the overall average list price for these homes was $260,596. The average time on the market for these pending sales was 100 days.
As for the CLOSED escrows, there were 6 reported sales over the past week. The lowest recorded sale price within this group was $125,000 for 1208 San Diego in the Meyers neighborhood. This home is a bank owned fixer that had previous water damage and it has 4 bedrooms, 2 baths and 2,022 square feet of living space. The highest recorded sale last week sold for $317,000 for 2244 Inverness. This home is located in the Tahoe Keys and it has 3 bedrooms, 2 baths and 1,530 square feet. The overall median sale price for the past week was $152,500 and the overall average sale price was $175,917. The average time on the market, including the escrow period, was 152 days.
As of January 18th, 2011, there are currently 381 active homes and condos on the market according to the South Tahoe Association of Realtors’ MLS. Out of the 381 active listings, 113 of them are in escrow. Among the 113 escrows, 51 of them are subject to bank approval for a short sale.