South Lake Tahoe Real Estate Market Update, Mar. 18- Mar. 24

There were 17 NEW (or back on the market) listings over the past week according to the South Tahoe Association of Realtors, 1 more than the previous week’s 16.  The lowest priced new listing is $189,000 for 1161 Herbert C, a 3 bedroom, 2 bath condo with 1161 square feet.  The highest priced new listing is $4,100,000 for 16 Lighthouse Shores in the Tahoe Keys.  The median listing price among this group was $548,000.

There were 10 homes that went into ESCROW this past week, down 6 from the previous week’s 16.  The lowest priced new escrow is $163,900 for 1133 Glenwood, a 4 bedroom, 2 bath home with 1854 square feet (this home is bank owned with frozen pipe/ flood damage).  The highest priced new escrow is $599,000 for 1301 Gilmore, a 4 bedroom, 2 bath with 2881 square feet (congratulations to Don & Theresa Souers with the Pinnacle Group). The median pending asking price is $309,900 with an average time on the market of 97 days.

Last week showed 4 CLOSED sales, down 4 from the previous week’s 8. The lowest sale price was $197,000 for 953 San Francisco, a 3 bedroom, 1.75 bath with 1300 square feet. The highest sale price was $650,000 for 1355 Glenwood, a 4 bedroom, 3.5 bath with 4193 square feet.  The median sale price was $266,000 with an average time on the market of 145 days.