South Lake Tahoe Real Estate Market Update, Aug 13- Aug 19

This week there were 14 NEW LISTINGS, up from last week’s 11. The lowest priced new listing is $297,900 for 1370 Glenwood, a 3 bedroom, 2 bath with 1384 square feet of living space. The highest priced new listing is $888,888 for 2546 Cold Creek, a 6 bedroom, 5 bath with 3522 square feet. This week’s median listing price is $470,000, almost $100,000 more than the previous week.

The good news continues with 19 homes going into ESCROW this week, up from last week’s 15. The lowest priced new escrow is $193,000 for 2577 Armstrong, a 3 bedroom, 1 bath with 832 square feet located in the Sierra Tract neighborhood. The highest priced new escrow is $1,195,000 for 1934 Marconi, a 4 bedroom, 3 bath with 2628 square feet in the Tahoe Keys. The median pending sale price is $309,000 with an average time on market of 138 days.

Yet more applause this past week as there were 10 homes recording SOLD, up from last week’s 3. The lowest sale price was $205,000 for 2660 Fountain, a 2 bedroom, 1 bath with 800 square feet. The highest sale price was $930,000 for 3961 & 3964 Cedar, a double parcel with 2 separate houses with a combination of 4 bedrooms, 4 baths and 3711 square feet. The median sale price was $370,000 with an average time on market of 55 days.

Be sure to check our website to learn more about the sales in each South Lake Tahoe neighborhood.