South Lake Tahoe Real Estate Market Update, Dec. 18- Dec. 24

There were 17 NEW LISTINGS this week, down from last week’s 21.  The lowest priced new listing is $204,500 for a gutted home with 2468 square feet that needs to be rebuilt, located in the Montgomery Esates neighborhood at 2419 Lupine. The highest priced new listing is at $4,950,000 for 335 Beach Dr. in the Tahoe Keys with 5 bedrooms, 4.5 baths and 3867 square feet. The median new listing price this week is $575,000.

There were 4 homes that went into ESCROW this week, down from last week’s 5.  The lowest new  pending sale is listed at $299,000 with 3 bedrooms, 2 baths and 1152 square feet, located at 1399 Bozeman Dr. in the Pioneer Village area. The highest priced home that went into escrow is listed at $433,600 for 1210 Huph St, a foreclosure home with 4 bedrooms, 2.5 baths and 2244 square feet in the Pioneer Trail neighborhood. The median price for pending sales this week is $347,500 with an average time on market of 90 days.

There were just 3 RECORDED SALES this week, down from last week’s 11. The lowest sale price is $733,550 for 2033 13th St. in the Tahoe Island area with 4 bedrooms, 2.75 baths and 3004 square feet. The highest recorded sale of the week is $1,890,000 for 703 Roger in the Gardner Mountain area. This home has 6 bedrooms, 5 baths and 6700 square feet. The median sale price is $880,000 with an average time on market of only 206 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