South Lake Tahoe Real Estate Market Update, June 11- June 17

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This week there were 24 NEW LISTINGS, one less than last week. The lowest priced new listing is $209,900 for 1033 River, a 3 bedroom, 1.5 bath with 1220 square feet (congratulations to Flip Walker of the Pinnacle Real Estate Group). The highest priced new listing is $1,795,000 for 2181 Balboa, a 4 bedroom, 3 bath with 2802 square feet. The median new listing price for this week is $372,000.

There were 17 homes that went into ESCROW this week, 5 more than the previous week. The lowest priced of these homes is $207,000 for 1181 Nottaway, a 2 bedroom, 1 bath with 936 square feet. The highest priced new escrow is listed at $740,000 for 1897 Venice, a 3 bedroom, 2 bath with 1852 square feet. The median pending sale price is $395,000 with an average time on market of 41 days.

This week there were 6 homes that were recorded as SOLD, one more than last week. The lowest sale price was $199,000 for 1122 Carson St in the Sierra Tract with 3 bedrooms, 2 baths and 1160 square feet. The highest sale price was $352,000 for 1745 Chippewa, a 3 bedroom, 2 bath with 1232 square feet. The median sale price was $307,000 with an average time on market of 158 days.