South Lake Tahoe Real Estate Market Update, Jan. 29- Feb.4

This week there were 13 NEW LISTINGS, up from last week’s 11.  The lowest priced new listing is located at 3877 Crest, a bank owned property with 4 bedrooms, 2 baths and 2327 square feet listed at $250,000. The highest priced new listing is $2,750,000 for 2172 Balboa, a 5 bedroom, 5 bath home with 4000 square feet of living space. The median price for these 13 new listings is $589,000.

There were 8 new ESCROWS this week, equal to that of last week. The lowest priced property among this group is $219,000 for 1035 Herbert in the Bijou neighborhood with 4 bedrooms, 2 baths and 1394 square feet. The highest price for this week’s pending sales is 2315 Tartan Way in the Angora Highlanda area, listed at $1,575,000, congratulations to Mark Salmon and Don & Theresa Souers of Pinnacle Real Estate Group. This home has 6 bedrooms, 5 baths and 4191 square feet of living space. The views are spectacular.  The median price for the new escrows is $399,000 with an average time on market of 145 days.

There were 6 RECORDED SALES this week, equal to last week. The lowest recorded sale was $145,000 for 1019 Trout Creek, a 2 bedroom, 1 bath home in the Al Tahoe area with 1056 square feet. The highest recorded sale was $750,000 for 2227 Dundee Circle, a bank owned property located in the Angora Highlands neighborhood with 4 bedrooms, 3 baths and 2622 square feet.   Again, congrats to Mark Salmon with the Pinnacle Real Estate Group.  The median sale price was $387,500 with an average time on market of 81 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