South Lake Tahoe Real Estate Market Update, Dec. 4- Dec. 10

There were 15 NEW LISTINGS this week, up from last week’s 9.  The lowest priced new listing is $189,000 for 3344 Sandy Way #26, a 2 bedroom, 1 bath condo located in the Bijou neighborhood with 1000 square feet. The highest new listing is $738,500 for 770 Algonquin, a 4 bedroom, 3 bath home with 3009 square feet. The median new listing price is $369,000.

 This week there were 8 homes that went into ESCROW, twice as many as the previous week.  The lowest priced home that went into escrow is $164,000 for 887 San Jose which is a studio with one bath and 320 sf in the Al Tahoe area. The highest priced pending sale is $999,990 for 1372 Donner in the Heavenly Valley neighborhood with 4 bedrooms, 3 baths and 2400 sf. The average days on market for these homes is only 97 and the median price is $322,450.

There were 5 RECORDED SALES this week, up from last week’s 0. The lowest sale price is $210,000 for a 2 bedroom, 2 bath condo with 1044 sf located in the Heavenly Valley area at 1200 Wildwood #5 (congratulations to the Benedicts of Pinnacle Real Estate Group). The highest recorded sale is $655,000 for 769 Colorado, a 3 bedroom, 2.5 bath home with 2316 sf in the Tahoe Island neighborhood. The median sale price is $340,000 with an average time on market of 317 days.

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