South Lake Tahoe Real Estate Market Update, Feb. 19- Feb. 25

Mid-week skiing - the epitome of tranquility

This week there were 10 NEW LISTINGS, the same amount as last week.  The lowest priced new listing is $275,000 for 952 Tahoe Island Dr., a 4 bedroom, 2 bath with 1650 square feet. The highest priced new listing is 319 Beach with 3 bedrooms, 3.5 baths and 2513 square feet.

 There were 4 new ESCROWS this week, one more than last week. The lowest priced new escrow is $284,900 for 849 Chilicothe with 2 bedrooms, 2 baths and 1320 square feet. The highest priced new escrow is $669,000 for 2159 Inverness in the Tahoe Keys, a 3 bedroom 1.5 bath home with 2206 square feet. This home has 3 bedrooms, 2 baths and 1294 square feet of living space. The median new escrow price is $354,950 and the average days on market for these escrows is 75.

There were 7 RECORDED SALES this week, one less than last week. The lowest recorded sale is $178,000 for 3344 Sandy Way #6, a 2 bedroom, 1 bath condo with 1000 square feet in the Bijou neighborhood. The highest recorded sale is $840,000 for 3535 Bode, also in the Bijou neighborhood with 4 bedrooms, 3 baths and 2746 square feet (congratulations to Mark Salmon with the Pinnacle Real Estate Group).  The median sale price was $315,000 with an average time on market of 201 (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