South Lake Tahoe Real Estate Market Update, Oct. 22- Oct. 28, 2009

[SinglePic not found]The South Lake Tahoe real estate market showed 12 NEW LISTINGS this past week, down from the previous week’s 13. The lowest priced new listing is $97,500 for 2656 Kubel, a 2 bedroom, 1 bath with 504 square feet. The highest priced new listing is $1,395,000 for 468 Lido, a 3 bedroom, 2.5 bath with 2648 square feet. The median new listing price is $293,950.

Big News!!  There were 16 homes that went into ESCROW this past week, up from last week’s 11. The lowest priced pending sale is $139,900 for 3344 Sandy Way #26, a 2 bedroom, 1 bath with 812 square feet.  The highest pending sale price is $1,600,000 for 2160 Balboa, a 5 bedroom, 3 bath with 3122 square feet. The median pending sale price is $351,950 with and average time on market was 67 days.

This week there were 11 homes recorded as SOLD, up from last week’s 9. The lowest sale price was $225,000 for Kiowa, a 2 bedroom, 1 bath with 784 square feet.  The highest sale price was $435,000 for 3384 Pine Hill Dr., a 2 bedroom, 2 bath with 1328 square feet.  The average time on the market (including the escrow period) was 97 days. The median sale price was $287,000.

Learn more about the Lake Tahoe real estate market by visiting our website at www.HomeInTahoe.com.