South Lake Tahoe Real Estate Market Update, Feb. 5 – Feb. 11

Time to hit the slopes!

This week there were 12 NEW LISTINGS, one less than last week’s 13.  The lowest priced new listing is $219,000 for 2494 Knox, a 2 bedroom, 1 bath home with 864 square feet. The highest priced new listing is $1,290,000 for 1566 Apache, a 4 bedroom, 2.5 bath home with 3200 square feet. The median new listing price is $477,000.

There were 5 new ESCROWS this week, down from last week’s 8. The lowest priced new escrow is $160,000 for 790 Anita, a 3 bedroom, 2 bath home with 1440 square feet in the Tahoe Island neighborhood (congratulations to Casey Ressler of Pinnacle Real Estate Group). The highest priced new escrow is $419,000 for 2289 Lupine, a 4 bedroom, 3 bath with 2562 square feet of living space in Montgomery Estates. The median price for the new escrows is $339,000 with an average time on the market of only 11 days.

There were 6 RECORDED SALES this week, equal to last week and the week before. The lowest recorded sale was $190,000 for 2419 Lupine, a Montgomery Estates home with 4 bedrooms, 3 baths and 2562 square feet (congratulations to Flip Walker of the Pinnacle Real Estate Group). The highest recorded sale was $1,275,000 for 2008 Marconi in the Tahoe Keys. This home has 4 bedrooms, 3 baths and 2873 square feet.  The median sale price for this week was $322,500 with an average time on the market (including the escrow period) of 134 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