South Lake Tahoe Real Estate Market Update, Oct. 16- Oct. 22

During the week of October 16^th through October 22nd there were 17 NEW listings posted on the MLS, just one more than last week.  Listed at $199,000, 3664 Aspen was the lowest priced home with 2 bedrooms, 1 bath and 748 square feet. The highest priced new listing is $1,495,000 for a 4 bedroom, 3 bath home with 2628 square feet located at 1934 Marconi in the Tahoe Keys neighborhood. The median price for this week’s new listings is $341,900.

There were 11 NEW ESCROWS posted this week, up from last week’s 7.  Of these pending escrows the lowest price is $240,000 for 973 Tata, which is a 2 bedroom, 1.5 bath home with 1200 square feet located in the Gardner Mountain area. The highest price for the pending sales is located at 1787 Venice in the Tahoe Keys with 3 bedrooms, 4 baths and 2704 square feet.  The median pending price is $539,000 and the average days on market for these homes is157.

There were 7 CLOSED sales this week, slightly up from last week’s 6.  The lowest sale price is $264,500 for 3705 Montreal, located in the Stateline neighborhood with 4 bedrooms, 2 baths and 2035 square feet.  This week’s highest price sale is $617,500 for 2230 Texas, which is a 3 bedroom, 2.5 bath home in the Tahoe Keys with 1954 square feet. The median price among the closed sales is $399,000, down from last week’s median of $549,000.  The average time on the market for these closed sales was 67 days (including 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.