South Lake Tahoe Real Estate Market Update, July 9- July 15

This week there were 18 NEW LISTINGS, down from last week’s 30. The lowest priced new listing is $219,000 for 909 San Jose, a 3 bedroom, 1.5 bath with 896 square feet. The highest priced new listing is $1,699,000 for 857 Lake view, a 4 bedroom, 3.5 bath with 2628 square feet. The median new listing price for this week is $369,500.

There were 7 homes that went into ESCROW this week, down from last week’s 12. The lowest priced new escrow is $142,000 for a 2 bedroom, 1 bath condo with 1000 sf located at 3344 Sandy Way #27. The highest priced new escrow is $549,000 for 709 Lakeview #27, an Al Tahoe neighborhood condo with 2 bedrooms, 1.5 baths and 1352 square feet. The median pending sale price is $312,000 with an average time on market of 188 days.

This week there were 7 homes that were recorded as SOLD, up from last week’s 6. The lowest sale price was $171,000 for 516 Emerald Bay Rd. #223, a 2 bedroom, 1 bath condo with 912 square feet. The highest sale price was $675,000 for 2033 Garmish Ct., a 4 bedroom, 2.5 bath with 2016 square feet.  The median sale price was $460,000 with an average time on market of 108 days.