So. Lake Tahoe – February 29th – March 6th Weekly Market Update
Could the South Lake Tahoe market be experiencing a bit of a turn-around? As of today, Friday, April 7th, there are 60 single family residences and condos listed as being in escrow. Although my memory is not the best, this seems to be fairly comparable to the peak of last summer. And the snow hasn’t even melted yet.Within the city limits, there were 5 new homes reported as new or back on the market during the past week (down from the 7 & 14 during the previous two weeks.) The list prices ranged from $269m900 for a 2 bedroom house with 912 SF to $585,000 for a newer 3 bedroom, 2 bath home with aover 2,200 SF of living space.
The number of homes that went into escrow was 5, the same as last week- and what a range! The lowest priced home was $174,900 for a very small, 2 bedroom home (only 504 SF) to $1,245,000 for a newer 3,200 SF, 4 bedroom home at the foot of Heavenly Mt.
There were 3 reported sales (up from 1 last week) ranging from $310,000 – $800,000.
There was no activity within the lot market.
The county area reported 3 new or back on the market (down from last weeks 9.) The lowest priced new listing is $309,000 for a 2 bedroom, 1 bath home in the Meyers area to $639,900 for a newer Christmas Valley home with approximately 1,800 Sf.
There were 7 new escrows (that would be a wow!) The lowest price property was only $273,000 however, the property was actually just the beginning of a construction project. The top of the range was a $1,050,000 brand new home in the North Upper Truckee area. 5 of these 7 homes were built after 2005.
There were no closed sales for the county (but watch out 6 weeks from now.)
The county lot activity saw 3 new listings and 2 new pending sales. The total group ranged from $140,000 – $299,000.