South Lake Tahoe Real Estate Market Update, Apr. 29- May 5
Looks like the South Tahoe real estate market is not going to experience a period of hibernation in 2010. According to the South Lake Tahoe Association of Realtors there were 20 NEW (or back on the market listings), one more than the previous week. The lowest priced new listing is $164,500 for 2580 Fountain within the Sierra Tract neighborhood which is a 2 bedroom, 1 bath with 832 square feet. The highest priced new listing is $1,300,000 for 2324 Del Norte within the Montgomery Estates neighborhood which is a 4 bedroom, 3 bath with 4145 square feet. The median listing price this week was $369,000.
Now, check this out! This past week there were 19 homes that went into escrow, 4 more than the precious week’s 15. The lowest priced new escrow is listed at $164,900 for 1040 Fairway, a 2 bedroom, 1 bath with 1064 square feet. The highest priced new escrow was a Tahoe Keys home listed for $999,950 which was located at 406 Wedelen, a 4 bedroom, 2.5 bath with 2634 square feet. The median pending asking price was $298,000 with an average time on the market of 58 days.
There were 8 CLOSED sales this past week, slightly down 2 from the previous week’s 10. The lowest sale price was $144,900 for 2579 Elwood, a 2 bedroom, 1.75 bath with 826 square feet. The highest sale price was for another Tahoe Keys home which sold for $750,000 for 1924 Cathedral which was a 4 bedroom, 2.75 bath with 3747 square feet. The median sale price was $262,500 with an average time on the market of 105 days.
Those of you that have been following the Tahoe market for years will recognize that this busy activity is not normal for this time of year. Normally, our market goes to “sleep” between April through June. This sure isn’t the case for Spring, 2010. Whatever the reason, we will take it.
South Lake Tahoe Real Estate Market Update, Apr. 22- Apr. 28
The South Lake Tahoe real estate market saw activity on all sides of the spectrum. According to the South Lake Tahoe Association of Realtors there were 19 NEW (or back on the market listings), nearly half that of the previous week’s 32. The lowest priced new listing is $99,500 for 516 Emerald bay #303, a 1 bedroom, 1 bath condo with 480 square feet. The highest priced new listing is $3,900,000 for 26 Lighthouse Shores, a 4 bedroom, 3.5 bath with 3687 square feet. The median listing price this week was $349,900.
The good news was that there were nearly double the number of new escrows as compared to last week with 15 homes that went into ESCROW, up from the previous week’s 8. The lowest priced new escrow is listed at $194,900 for 1191 Dedi, a 3 bedroom, 2 bath with 1092 square feet. The highest priced new escrow was $1,488,000 for 2232 Columbine Trail, a 7 bedroom, 5 bath with 4746 square feet. Way to go Mark with Pinnacle. The median pending asking price was $350,000 with an average time on the market of 140 days.
Another positive note was the past week’s 10 CLOSED sales, up from the previous week’s 8. The lowest sale price was $165,000 for 3025 Christmas Valley #11, a 2 bedroom, 1.5 bath with 960 square feet. The highest sale price was $1,400,000 for 5 Lighthouse Shores, a 3 bedroom, 2.5 lakefront home with 2996 square feet. The median sale price was $349,500 with an average time on the market of 160 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.