South Lake Tahoe Real Estate Market Update, Apr. 15- Apr. 21
According to the South Lake Tahoe Association of Realtors there were 32 NEW (or back on the market listings), up from the previous week’s 15. The lowest priced new listing is $170,000 for 1104 Long Valley, a 2 bedroom, 1 bath with 512 square feet. The highest priced new listing is $2,319,000 for 2151 White Sands, a 5 bedroom, 3 bath with 3862 square feet located in the waterfront neighborhood of Tahoe Keys. The median listing price this week was $432,000.
Looks like the recent snow storms may have had an affect on our local real estate market as there were nearly half the number of new escrows as compared to last week. In fact, there were 8 homes that went into ESCROW this past week, down from the previous week’s 15. The lowest priced new escrow is listed at $187,000 for 2531 Chris, a Sierra Tract home with 2 bedrooms, 1 bath with 1020 square feet. The highest priced new escrow was $1,828,000 for 5 Lighthouse Shores, a 3 bedroom, 2.5 bath with 2996 square feet. This magnificent waterfront home is located in the Tahoe Keys. The median pending asking price was $397,000 with an average time on the market of 57 days.
This past week showed 8 CLOSED sales, down from the previous week’s 12. The lowest sale price was $150,001 for 1596 Arapahoe, a 2 bedroom, 1.5 bath with an unfinished second floor addition. Congrats to our Jaime Souers – way to beat out the competition. The highest sale price was $550,000 for 1765 Ababco, a 4 bedroom, 3 bath with 2200 square feet. The median sale price was $274,215 with an average time on the market of 106 days.
South Lake Tahoe Real Estate Market Update, Apr. 8- Apr. 14
According to the South Lake Tahoe Association of Realtors there were 15 NEW (or back on the market listings), Down from the previous week’s 22 new listings. The lowest priced new listing is 149,900 for 2600 Kubel, a 2 bedroom, 1 bath with 852 square feet. The highest priced new listing is $1,200,000 for 1396 Keller, a 5 bedroom, 3.5 bath with 3022 square feet. Overall, the median listing price this week was $360,000.
There were 15 homes that went into ESCROW this past week, the same amount as the week before. The lowest priced new escrow is listed at $149,900 for 1200 Wildwood #4, a 2 bedroom, 1.5 bath with 963 square feet.The highest priced new escrow was $4,250,000 for 221 Beach, a 4 bedroom, 4.5 bath with 3904 square feet. The median pending asking price is $329,000 with an average time on the market of 74 days.
This past week showed 12 CLOSED sales, up 4 from the previous week’s 8. The lowest sale price was $160,000 for 2695 Armstrong, a 2 bedroom, 2 bath with 912 sqyare feet. The highest sale price was $700,000 for 470 Capri, a 4 bedroom, 3 bath with 3160 square feet. The median sale price was $347,500 with an average time on the market of 60 days.
South Lake Tahoe Real Estate Market Update, Apr. 1- Apr. 7
The South Lake Tahoe market typically “takes a nap” this time of year however such is not the current case. Whether it is due to the low interest rates, tax credits or simply affordable prices, the activity among home buyers and sellers is holding steady. According to the South Lake Tahoe Association of Realtors there were 22 NEW (or back on the market listings). Up 5 from the previous week’s 17 new listings. The lowest priced new listing is 1040 Fairway for $164,900, this home is a 2 bedroom, 1 bath with 1044 square feet and it is bank owned. The highest priced new listing is $1,795,000 for 358 Beach, a 4 bedroom, 4 bath with 3443 square feet. Overall, the median listing price this week was $389,500.
There were 15 homes that went into ESCROW this past week, 2 less than the week before. The lowest priced new escrow is listed at $129,900 for 1596 Arapahoe, a fixer home with an unfinished top floor addition. The highest priced new escrow is $729,000 for 1857 High Meadow Trail, a 3 bedroom, 2.5 bath with 2900 square feet. The median pending asking price is $299,000 with an average time on the market of 54 days.
This past week showed 8 CLOSED sales, down 6 from the previous week’s 14. The lowest sale price was $269,000 for 535 Cochise, a 3 bedroom, 2 bath with 1440 square feet. The highest sale price was $677,000 for 2225 Minal, a 3 bedroom, 2.5 bath home on the river with 2747 square feet. The median sale price was $420,000 with an average time on the market of 108 days.
South Lake Tahoe Real Estate Market Update, Mar. 25- Mar. 31
What does the South Lake Tahoe real estate market and the local Sierra snow pack have in common? They are both showing improved numbers. Between March 25th and March 31st, there were 16 NEW (or back on the market) listings posted over the past week according to the South Tahoe Association of Realtors. This number is slightly down from the previous week’s reported 17. Among these listings, the lowest asking price is $129,900 for 1596 Arapahoe, a 2 bedroom, 1.5 bath home located in the Meyers neighborhood. This home had an unfinished top floor addition. The highest priced new listing is $699,000 for 1556 Apache, a 4 bedroom, 2.5 bath with 3200 square feet. Overall, the median listing price this week was $332,000. This is up from the current median price of approximately $312,000.
During this same week, there were 17 homes that went into ESCROW this past week. Wow – especially when you note that last week reported only 7 new escrows. The lowest priced new escrow is $149,900 for 2579 Elwood, a 2 bedroom, 1.75 bath with 826 square feet located in the Sierra Tract neighborhood. The highest priced new escrow is $875,000 for 1924 Cathedral, a 4 bedroom, 2.75 bath Tahoe Keys home with 3746 square feet. The median pending asking price is $3285,000 with an average time on the market of 34 days.
Finally, the last week showed 14 CLOSED sales, up 10 from the previous week’s 4. The lowest sale price was $150,000 for a 1353 Meadow Crest, a 5 bedroom, 2 bath Black Bart home with 2329 square feet (this home is going to be a rebuilding/ remodeling project). The highest sale price was $800,000 for 2020 Aloha, a 3 bedroom, 2.5 bath Tahoe Keys with 2329 square feet. The median sale price was $286,700 with an average time on the market of 94 days.
More information about these homes and neighborhoods can be found on our website or simply give us a call at 530.577.0389 for further information.
South Lake Tahoe Real Estate Market Update, Mar. 18- Mar. 24
There were 17 NEW (or back on the market) listings over the past week according to the South Tahoe Association of Realtors, 1 more than the previous week’s 16. The lowest priced new listing is $189,000 for 1161 Herbert C, a 3 bedroom, 2 bath condo with 1161 square feet. The highest priced new listing is $4,100,000 for 16 Lighthouse Shores in the Tahoe Keys. The median listing price among this group was $548,000.
There were 10 homes that went into ESCROW this past week, down 6 from the previous week’s 16. The lowest priced new escrow is $163,900 for 1133 Glenwood, a 4 bedroom, 2 bath home with 1854 square feet (this home is bank owned with frozen pipe/ flood damage). The highest priced new escrow is $599,000 for 1301 Gilmore, a 4 bedroom, 2 bath with 2881 square feet (congratulations to Don & Theresa Souers with the Pinnacle Group). The median pending asking price is $309,900 with an average time on the market of 97 days.
Last week showed 4 CLOSED sales, down 4 from the previous week’s 8. The lowest sale price was $197,000 for 953 San Francisco, a 3 bedroom, 1.75 bath with 1300 square feet. The highest sale price was $650,000 for 1355 Glenwood, a 4 bedroom, 3.5 bath with 4193 square feet. The median sale price was $266,000 with an average time on the market of 145 days.