South Lake Tahoe Real Estate Market Update, Mar. 4- Mar. 10

South Lake Tahoe saw 14 NEW Listings come on the market over the past week according to the South Tahoe Association of Realtors.  Among these new listings, the lowest priced new listing is $159,000 for 2527 Elwood, a 1 bedroom, 1 bath Sierra Tract home with 520 sq. ft.  The highest priced new listing is $729,000 for 2224 Inverness located within the Tahoe Keys with 5 bedrooms, 4 baths and 3025 sq. ft.  The median listing price among this group was $379,000.

The good news is that there were 11 homes that went into ESCROW last week.   Among these new escrows, the lowest priced home is $164,900 for a bank owned fixer at 2154 Washington, a 3 bedroom, 2 bath Tahoe Island home with 1537 sq. ft.   Good job Casey with the Pinnacle Real Estate Group.  The highest priced new escrow is $569,000 for 1765 Ababco, a 4 bedroom, 3 bath Tahoe Paradise home with 2200 sq. ft.  The median pending asking price is $259,900 with an average time on market of 83 days.

Congrats go out the the new buyers and sellers of the 5 CLOSED sales this past week.  The lowest sale price was $211,000 for 854 Tata, a 2 bedroom, 0.75 bath and 864 sq. ft.  The highest sale price was $510,000 for 1357 Gilmore Lake, a 4 bedroom, 4 bath Bijou home with 3406 sq. ft. (congratulations to Pinnacle for representing both sides of the sale).  The median sale price was $351,000 with an average time on the market of 58 days.

There’s lots of new Tahoe information provided on a weekly basis.  Check out and stay informed.