During the week of July 2nd through July 9th, 2014 there were 18 new listings, this number is down 10 from the previous week according to the South Tahoe Association of REALTORS’ Multiple Listing Services. The lowest priced new listing was $175,000 for 1128 Herbert D, a 3 bedroom, 2 bath with 1161 square feet of living space in the Bijou area. The highest priced new listing is $1,350,000 for 1290 Angora Lake, a 5 bedroom, 5 bath with 3707 square feet. This home is located in the Bijou area as well.
There were 21 listings that went into escrow last week, up 8 from the previous week. The lowest pending list price from this group was $199,000 for 720 Tahoe Island Drive, a 3 bedroom, 1 bath with 976 square feet. The highest priced home that went into escrow over the past week is listed at $6,900,000 for 16 Lighthouse Shores in the Tahoe Keys. This lakefront home features 5 bedrooms, 7 baths and 5751 square feet. The overall median asking price for homes that went into escrow last week was $399,950 while the average overall was $715,917. These homes have been on the market for only 28 days.
As for the closed escrows, there were 6 during the past week, this number is down 9 from the week before. The lowest sale price was $183,300 for 3616 Birch, a 2 bedroom, 2 bath with 858 square feet. This home is in the Ski Run/ Bijou area. The highest recorded sale price within this group was $2,174,000 for 3739 Saddle in the Heavenly neighborhood.