South Lake Tahoe Real Estate Market Update, Nov. 27- Dec. 3

There were 9 NEW LISTINGS this week, up from last week’s 5.  The lowest priced new listing is $139,000 for 1281 Bonanza #1, a 2 bedroom condo with 870 square feet. The highest new listing is in the Tahoe Keys located at 1978 Kokanee for $1,769,000 with 3 bedrooms, 2.5 baths and 2373 square feet. The median new listing price is $425,000.

 This week there were 4 homes that went into ESCROW.  The lowest of which is listed at $188,500 for a 2 bedroom condo with 1000 square feet located at 3344 Sandy Way #6.  The highest priced home for the new pending sales is 2852 Santa Clause, located in the Christmas Valley neighborhood with 3 bedrooms, 2 baths and 1520 square feet of living space.  The average days on market for these homes is only 16 and the median price is $288,500.

 There were no recorded sales this week, quite a difference from last week when 11 homes closed escrow.

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