South Lake Tahoe Real Estate Market Update, Feb. 26- Mar. 4

The bluest skies you have ever seen.

What a week!  Snow and then incredible blue skies.  During this past week there were 16 NEW LISTINGS, up from last week’s 10.  The lowest priced new listing is $189,900 for a 2 bedroom, 1.5 bath home located at 2691 Genoa with 768 square feet of living space. The highest priced new listing is $1,450,000 for 636 Alpine with 4 bedrooms, 3 baths and 3737 square feet. The median new listing price is $384,000.

There were 7 new ESCROWS this week, up from last week’s 4. The lowest priced new escrow is $160,000 for a 2 bedroom, 1 bath condo with 1000 square feet located at 3344 Sandy Way #14. The highest priced new escrow is $554,900 for 1289 Tata, a 3 bedroom, 2.5 bath with 2283 square feet. The median new escrow price is $319,000 with an average time on market of 47 days.

There were 4 RECORDED SALES this week, down from last week’s 7. The lowest recorded sale is $190,000 for 2601 Pinter in the Sierra Tract neighborhood with 2 bedrooms, 1 bath and 720 square feet. The highest recorded sale is $515,000 for 921 Han St. in the South Upper Truckee neighborhood with 5 bedrooms, 2 baths and 2620 square feet.  The median sale price was $241,500 with an average time on market of 121 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