South Lake Tahoe Real Estate Market Weekly Update – 10/30 – 11/05

During the week of October 30^th through November 5^th there were 13 new listings, up one from last week’s 12.  The lowest priced home is $199,000 for 877 San Jose, a studio with 1 bath and 320 square feet. The highest priced new listing is $2,650,000 for 2041 Aloha Drive which is a 5 bedroom, 3 bath home with 3700 square feet. The median price for the new listings is $475,000.

There were 5 NEW ESCROWS posted this week, down from last week’s 13.  This is a trend that we should be seeing for the next month or two. The lowest priced home that went into escrow is located at 3787 Forest Ave., a 4 bedroom, 2 bath home with 1462 square feet in the Stateline neighborhood. The highest priced pending sale is $950,000 for a Tahoe Keys home located at 484 Carson St., a 3 bedroom, 2.5 bath with 2136 square feet. The median pending price is $375,000 and the average days on market for these pending sales is 97.

There were 13 CLOSED sales this week, up from last week’s 7.  The lowest sale price was $156,000 for a 2 bedroom, 1 bath condo located at 1281 Bonanza #15.The highest recorded sale this past week was $2,150,000 for a 3 bedroom, 2.5 bath Tahoe Keys home with 3032 square feet, located at 2183 White Sands. The median price among the closed sales is $318,000, down from last week’s $396,900 median price.  The average time on the market for these closed sales was 151 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