South Lake Tahoe Real Estate Market Update, Dec. 31- Jan. 7

The South Lake Tahoe real estate market showed 8 NEW LISTINGS this past week, down from the previous week’s 16. The lowest priced new listing is $179,900 for 1353 Meadow Crest, a 5 bedroom, 2 bath with 1860 square feet. This property is bank-owned. The highest priced new listing is$625,000 for 845 Merced, a 4 bedroom, 2.5 bath with 2417 square feet. This week’s median listing price is $349,000.

There were 8 homes that went into ESCROW this past week, slightly down from the previous week’s 10. The lowest priced new escrow is $164,900 for 1183 Lodi, a 2 bedroom, 1 bath with 864 square feet. The highest priced new escrow is $1,395,000 for 468 Lido, a 3 bedroom, 2.5 bath with 2648 square feet. The median pending sale price is $509,000 with an average time on market of 65 days.

The number of closed sales this past week was 9, up one from the previous week’s 8. The lowest sale price was $150,000 for 3713 Montreal, a 4 bedroom, 1 bath with 1020 square feet ( a bank-owned sale.)  The highest sale price was $525,000 for 1965 Mandan, a 4 bedroom, 3 bath with 3377 square feet. The median sale price was $370,000 and the average time on the market (including the escrow period) was 130 days.

Learn more about the South Lake Tahoe Real Estate Market by visiting our web site and checking out the neighborhoods.