South Lake Tahoe Real Estate Market Update, July 16- July 22

[SinglePic not found]This week there were 21 NEW LISTINGS, down from last week’s 28. The lowest priced new listing is $236,500 for 2676 Armstrong, a 3 bedroom, 2 bath with 1376 square feet of living space. The highest priced new listing is $2,390,000 for 5 Lighthouse Shores, a 3 bedroom, 2.5 bath with 2996 square feet. This week’s median listing price is $380,000.

There were 18 homes that went into ESCROW this week, up from last week’s 7. The lowest priced new escrow is $184,000 for 967 Kiowa, a 2 bedroom, 1 bath with 912 square feet in the North Upper Truckee neighborhood. The highest priced new escrow is $1,750,000 for 2045 Aloha, a 3 bedroom, 4.5 bath with 3209 square feet located in the Tahoe Keys. The median pending sale price is $299,900 with an average time on market of 38 days.

This week there were 9 homes that were recorded as SOLD, up from last week’s 7. The lowest sale price was $204,900 for 2140 Cornelian, a 3 bedroom, 1 bath with 1092 square feet. The highest sale price was $700,000 for 1110 Washoan (cheers to the  Pinnacle Real Estate Group). This home has 4 bedrooms, 3 baths and 2961 square feet.  The median sale price was $270,000 with an average time on market of 109 days.