South Lake Tahoe Real Estate Market Update, Mar. 19- Mar. 25

March Storms brings the best of skiing

This week there were 16 new listings.  The lowest priced new listing is 2579 Elwood for $225,000 with 2 bedrooms, 1.75 baths and 826 square feet. The highest priced new listing is 2790 Springwood, a 4 bedroom, 3 bath with 2500 square feet asking $675,000. The median new listing price is $344,950.

 There were 12 new ESCROWS this week, up from last week’s 9. The lowest priced new escrow is 3344 Sandy Way #33, a 2 bedroom, 1 bath condo with 1020 square feet listed at $159,900.  The highest priced new escrow is $649,000 for 959 Kekin, a 3 bedroom, 2.5 bath home with 2148 square feet. The median new escrow price is $349,000 with an average time on market of 155 days.

There were 2 RECORDED SALES this week, down from last week’s 7. The lowest recorded sale is $485,000 for 405 Ala Wai #182, a Tahoe Keys condo with 3 bedrooms, 2 baths and 1320 square feet. The highest recorded sale is $1,200,000 for 2315 Tartan, a 6 bedroom, 5 bath home with 4191 square feet located in the Angora Highlands neighborhood (congratulations to Mark Salmon and Don and Theresa Souers of the Pinnacle Real Estate Group). The average time on market, including the escrow period, was 165 days.

Be sure to visit our website at www.HomeInTahoe.com to learn more about the Lake Tahoe real estate market, neighborhood stats and more