South Lake Tahoe Real Estate Market Update, May 7- May 13

There were 17 new listings this week, down from last week’s 20.  The lowest priced new listing is $148,500 for 3735 Aspen, a 3 bedroom, 1.5 bath with 1108 square feet. The highest priced new listing is $699,000 for 988 Lakeview, a 5 bedroom, 3 bath with 2690 square feet. The median new listing price is $335,000.

There were 17 new ESCROWS this week, up from last week’s 9. The lowest priced new escrow is listed at $175,000 for 1884 Delta, a 2 bedroom, 1 bath with 720 square feet. The highest priced new escrow is $749,000 for 1110 Washoan, a new construction home with 4 bedrooms, 3 baths and 2961 square feet (congratulations to Don and Theresa Souers of the Pinnacle Real Estate Group). The median new escrow price is $374,900 with an average time on market of 43 days.

There were 6 RECORDED SALES this week, one less than last week. The lowest recorded sale is $165,000 for 1129 Herbert A, a 3 bedroom, 2 bath condo with 1161 square feet. The highest recorded sale is $6700,000 for 611 Alpine, a 3 bedroom, 2.5 bath with 2239 square feet. The median sale price is $341,500 with an average time on market of 69 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