South Lake Tahoe Real Estate Market Update, Dec. 11- Dec. 17

There were 21 NEW LISTINGS this week, up from last week’s 15.  The lowest priced new listing is $194,900 for 3608 Terry Lane #28, a 3 bedroom, 1.75 bath condo with 1176 square feet. The highest new listing is $1,300,000 for 3606 Needle Peak in the Heavenly Valley neighborhood. This home has 4 bedrooms, 2.5 baths and 1831 square feet. The median new listing price is $639,000.

 This week there were 5 homes that went into ESCROW, down from last week’s 8.  The lowest priced home that went into escrow is $155,000 for 3740 Larch, a 1 bedroom 1 bath home with 468 square feet in the Bijou neighborhood. The highest priced home that went into escrow is $568,000 for a 3 bedroom 2 bath Tahoe Keys condo located at 405 Ala Wai #1825. The median price for pending sales is $399,900 with an average time on market of 53 days.

There were 11 RECORDED SALES this week, up from last week’s 5. The lowest sale price is $261,900 for a 3 bedroom, 1 bath home with 1048 sf located in the Al Tahoe area at 3049 Oakland. The highest recorded sale is $820,000 for 1967 Kickapoo, a 4 bedroom, 3.5 bath home with 3595 square feet located in the North Upper Truckee neighborhood (congratulations to Mark Salmon of the Pinnacle Real Estate Group). The median sale price is $400,000 with an average time on market of only 55 days (including 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