South Lake Tahoe Real Estate Market Update, Jan. 1- Jan. 7

This week there were 15 NEW LISTINGS this week, up from last week’s 13.  The lowest new listing price is $164,900 for 1909 B St, a 1 bedroom, 0.75 bath home in the Y area with 583 square feet. The highest priced new listing is $808,888 for 2179 Quinanetzen, a 5 bedroom, 2.5 bath home with 3276 sf. The median new listing price is $389,000.

There were 6 homes that went into ESCROW this week, one less than last week’s 7.  The lowest priced pending sale is $241,000 for a condo located at 1390 Ski Run #17 with 2 bedrooms, 2 baths and 800 sf. The highest priced home that is now a pending sale is $515,000 for 2953 Pinewood with 4 bedrooms, 2.5 baths and 2604 sf in the Highland Woods neighborhood. The average days on market for these homes is 286 and the median price is $284,450.

There were 2 RECORDED SALES this week, down from last week’s 6. The lowest sale price is $155,000 for 887 San Jose, a studio with 1 bath and 320 sf. The highest recorded sale this week is $285,000 for 2688 Osborne in the Sierra Tract with 3 bedrooms, 2 baths and 1260 sf. The average time on market for these 2 homes was 56 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