South Lake Tahoe Real Estate Market Update, June 4- June 10

This week there were 25 NEW LISTINGS. The lowest priced new listing is $195,000 for 854 Tata, a 2 bedroom, 0.75 bath with 864 square feet. The highest priced new listing is $1,595,000 for 3781 Lucinda Ct., a 4 bedroom, 4 bath with 3627 square feet. The median new listing price for this week is $395,000.

There were 12 homes that went into ESCROW this week. The lowest priced of these homes is $540,000 for 3956 Meadow Rd., a 2 bedroom, 1 bath with 908 square feet located in a gated community called Tahoe Meadows. The highest priced new escrow is $799,000 for 1620 Plumas in the Tahoe Paradise neighborhood (congratulations to Mark Salmon and Don & Theresa Souers of the Pinnacle Real Estate Group). The median pending sale price is $447,000 with an average time on market of 59 days.

This week there were 5 homes that were recorded as SOLD. The lowest sale price was $255,000 for 1590 Jackson Ct., a 3 bedroom, 1.75 bath in the Bijou area with 1676 square feet. The highest sale price was $472,000 for 907 Patricia, a 3 bedroom, 2.5 bath in the Tahoe Island neighborhood with 2270 square feet (congratulations to Mark Salmon). The median sale price was $315,000 with an average time on market of 142 days.