South Lake Tahoe Real Estate Market Update, Oct. 9- Oct. 15

During the past week, there were 16 NEW listings posted, twice as many as last week.  The lowest priced home in this group is listed for $237,500 located at 1200 Stockton with 3 bedrooms, 1 bath and 1160 square feet. The highest priced new listing is $1,595,000 in the Tahoe Keys at 468 Lido with 3 bedrooms 2.5 baths and 2648 sf of living space. The median price for the new listings this week is $425,000.

There were 7 NEW ESCROWS posted, down from last week’s 10.  Of the new pending escrows, the lowest price is a 2 bedroom 1 bath condo at 3344 Sandy Way #27, listed at $169,900. The highest price home that went into escrow is listed at $1,245,000 located at 689 Lily Ave. in the Al Tahoe neighborhood with 4 bedrooms, 5 baths and 2648 square feet (congratulations to Flip Walker of Pinnacle Real Estate!).  The median home price for the pending sales is $349,000. The average time on the market for these homes is 97 days.

There were 6 CLOSED sales this week, down from last week’s 8.  The lowest priced sale was $239,640 located at 2537 Kubel in the Sierra Tract with 2 bedrooms, 1 bath and 864 SF.  The highest sale this week sold for $1,085,000 for a 4 bedroom, 3.5 bath located at 2217 Dundee Circle in the Angora Highlands neighborhood (congratulations to Mark Salmon of Pinnacle Real Estate Group!) The median price among the closed sales is $549,000, up from last week’s median of $439,000.  The average time on the market for these homes was 71 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.