South Lake Tahoe Real Estate Market Update, May 14- May 20

There were 19 new listings this week, up from last week’s 17.  The lowest priced new listing is $244,900 for 3025 Christmas Valley Rd. #11, a 2 bedroom, 1 bath condo with 960 square feet. The highest priced new listing is $1,295,000 for 2141 Inverness, a 5 bedroom, 3 bath with 2088 square feet. The median new listing price is $495,000.

There were 18 new ESCROWS this week, up from last week’s 17. The lowest priced new escrow is listed at $3735 Aspen, a 3 bedroom, 1.5 bath with 1108 square feet. The highest priced new escrow is $925,000 for 2119 Oaxaco, a 4 bedroom, 3 bath with 3388 square feet. The median new escrow price is $412,000 with an average time on market of 53 days.

There were 4 RECORDED SALES this week, down from last week’s 6. The lowest recorded sale is $315,000 for 3049 Oakland, a 3 bedroom, 1.5 bath with 1048 square feet (congratulations to the Benedicts of The Pinnacle Real Estate Group). The highest recorded sale is $590,000 for 959 Kekin, a 3 bedroom, 2.5 bath with 2148 square feet. The median sale price is $277,500 with an average time on market of 103 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