South Lake Tahoe Real Estate Market Update, Oct. 23- Oct. 29

During the week of October 23rd through October 29th there were 12 NEW MLS listings, down from last week’s 17.  The lowest priced home is $313,500 for 1769 Saponi, a 3 bedroom 1 bath with 1440 square feet in Tahoe Paradise. The highest priced new listing is $950,000 for 484 Carson Street which has 3 bedrooms, 2.5 baths and 2136 square feet of living space. The median price for the new listings is $419,250.

There were 13 NEW ESCROWS posted this week, up from last week’s 11.  The lowest priced home that went into escrow is a condo for $122,888 located at 1281 Bonanza #14, which has 2 bedrooms, 1 bath and 844 sf. The highest priced pending sale is 769 Colorado, listed at $699,000 with 3 bedrooms, 2.5 baths and 2316 sf. The median pending price is $270,000. The average days on market for these homes is 87.

There were 7 CLOSED sales this week, the same as last week.  The lowest sale price was $149,900 for a condo at 3344 Sandy Way #27 with 2 bedrooms, 1 bath and 1000 sf. The highest sale this week was at $850,000 for a Tahoe Keys home located at 1984 Venice with 2680 sf, 4 bedrooms and 3 baths. The median price among the closed sales is $396,900, very similar to last week’s $399,000 median price.  The average time on the market for these closed sales was 130 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.