South Lake Tahoe Real Estate Market Update, Mar. 26- April 1

Sunsets over Lake Tahoe are BEAUTIFUL

This week there were 14 new listings, down from last week’s 16. The lowest priced new listing is located at 1129 Herbert A, a 3 bedroom, 2 bath bank owned condo with 1161 square feet listed at $147,300. The highest priced new listing is 1754 Meadow Vale, a 6 bedroom, 5 bath home with 3500 square feet of living space listed at $1,178,000. The median new listing price is $387,950.
There were 12 new ESCROWS this week, the same as last week. The lowest priced new escrow is 1206 Carson with 3 bedrooms, 1.5 baths and 1008 square feet listed at $199,000 (congratulations to Diane Corvo and Theresa Souers of the Pinnacle Real Estate Group).  The highest priced new escrow is $699,000 for 1646 Oglala, a 4 bedroom, 3.25 bath with 2900 square feet. The median new escrow price is $299,000 with an average time on market of 127 days.

There were 5 RECORDED SALES this week, up from last week’s 2. The lowest recorded sale is $305,000 for 810 Michael, a 3 bedroom, 1.75 bath with 1014 square feet in the Tahoe Island neighborhood. The highest recorded sale is $705,000 for 2195 Catalina, a Tahoe Keys home with 6 bedrooms, 4 baths and 2945 square feet. The median sale price is $400,000 with an average time on markert of 104 days (this includes the escrow period.

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