South Lake Tahoe Real Estate Market Update, Nov. 20- Nov. 26

Happy Thanksgiving everyone.  We hope you enjoy a fabulously relaxing day. There were 14 NEW LISTINGS this week, up from last week’s 10.  The lowest priced new listing is 2601 Pinter Ave., a 2 bedroom 1 bath home with 720 square feet asking $217,900. The highest new listing price is $2,300,000 for a 5 bedroom, 3.5 bath Tahoe Keys home with 3176 square feet, located at 2171 White Sands. The median price for this week’s new listings is $436,950.

There were 5 NEW ESCROWS this week, down from last week’s 11.  3049 Oakland was the lowest priced home that went into escrow with 3 bedrooms, 1 bath, 1048 square feet and a listing price of $269,900. The highest priced pending sale for this week is $840,000 for 3419 Aloha, located in the Bijou neighborhood with 3 bedrooms, 2.5 baths and 3050 square feet- congratulations to Mark Salmon of Pinnacle Real Estate Group! The median price for these pending sales is $341,900 with an average of 89 days on the market.

There were 11 CLOSED sales this week, up from last week’s 9.  The lowest sale price was $122,000 for a studio condo located at 516 Emerald Bay  Rd. #201 with 480 square feet. The highest sale was $1,060,000 for 689 Lily Ave. located in Al Tahoe with 4 bedrooms, 5 baths and 4140 square feet- congratulations to Flip Walker of Pinnacle Real Estate Group! The median sale price was $270,000 and the average days on market, including the escrow period, was 133.

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