South Lake Tahoe Real Estate Market Update, Apr. 23- Apr. 29

[SinglePic not found]There were 19 new listings this week, up from last week’s 15.  The lowest priced new listing is $275,000 for 1089 Reno, a 4 bedroom, 2 bath with 1586 square feet. The highest priced new listing is 2232 Columbine, a 7 bedroom, 5 bath new construction home with 4746 square feet listed at $1,788,000 (congratulations to Mark Salmon of the Pinnacle Real Estate Group). The median new listing price is $480,000.

There were 10 new ESCROWS this week, the same as the last 2 weeks. The lowest priced new escrow is $289,000 for 1408 Matheson, a 3 bedroom, 2 bath home with 1451 square feet. The highest priced new escrow is $895,000 for 1971 Aloha, a Tahoe Keys home with 4 bedrooms, 2.5 baths and 2545 square feet. The median new escrow price is $437,450 with an average time on market of 162 days.

There were 6 RECORDED SALES this week, one more than last week. The lowest recorded sale is $270,000 for 793 Modesto, an Al Tahoe home with 3 bedroom, 1.75 bath with 1225 square feet. The highest recorded sale is $439,000 for 1846 Bonanza, a Montgomery Estates home with 3 bedrooms, 2 baths and 2122 square feet (congratulations to Don and Theresa Souers of the Pinnacle Real Estate Group). The median sale price is $281,250 with an average time on market of 98 days (this includes the escrow period).

Be sure to visit our website at www.HomeInTahoe.com to learn more about the Lake Tahoe real estate market, neighborhood stats and more