South Lake Tahoe Real Estate Market Update, Dec. 3- Dec.-9

[SinglePic not found]The South Lake Tahoe real estate market showed 15 NEW LISTINGS this past week, up from the previous week’s 12. The lowest priced new listing is $81,000 for 1281 Bonanza #5, a 2 bedroom, 1 bath condo with 840 square feet. The highest priced new listing is $4,500,000 for 335 Beach St., a 5 bedroom, 4 bath with 3867 square feet. This week’s median listing price is $298,000.

There were only 5 homes that went into ESCROW this past week, down from the previous week’s 16. The lowest priced new escrow is $114,000 for 953 Tallac, a 1 bedroom, 1 bath with 420 square feet. The highest priced new escrow is $579,000 for 2303 Sutter, a 4 bedroom, 2.5 bath with 2971 square feet. The median pending sale price is $299,000 with an average time on market of 41 days.

This week there were 6 homes recorded as SOLD, up from last week’s 5. The lowest sale price was $163,000 for 2577 Armstrong, a 3 bedroom, 1 bath with 832 square feet. The highest sale price was $700,000 for 2221 Inverness, a 5 bedroom, 3 bath with 2624 square feet. The median sale price was $385,000 and the average time on the market (including the escrow period) was 66 days.