South Shore, CA:
The South Lake Tahoe Real Estate Market report showed 20 new listings over the past week, down 4 from the previous week according to the South Tahoe Association of REALTORS’ Multiple Listing Services. The lowest priced new listing was $199,000 for 720 Tahoe Island Drive. This home has 3 bedrooms, 1 bath and 976 square feet. The highest priced new listing is $1,280,000 for 2030 Marconi, a 4 bedroom, 3 bath with 3044 square feet. The median new asking price is $525,750 and the average is $545,120. The number of NEW PENDING escrows within the South Lake Tahoe real estate market during the past week was 10, down 4 from the previous week. The lowest pending list price from this group was $209,000 for 3780 Paradise in the Ski Run area. This home has 2 bedrooms, 1 bath and 1174 square feet. The highest priced home that went into escrow over the past week is listed at $525,000 for 1013 Turnback, a 3 bedroom, 2.5 bath with 2195 square feet. The overall median asking price for homes that went into escrow last week was $354,000 while the average overall was $352,700. The average time on the market was 35 days. As for the number of CLOSED escrows, there were 14 during the past week, up 3 from the week before. The lowest sale price was $195,000 for 1898 D St in the Y neighborhood. This homes has 3 bedrooms, 2 baths and 1152 square feet. The highest recorded sale price within this group was $582,900 for 782 Jeffrey, a 4 bedroom, 3 bath with 2600 square feet.
East Shore, NV:
The East Shore NV real estate report shows there are 122 single family homes for sale, according to the Northern Nevada MLS. Among this group of Nevada homes for sale, there are 22 homes currently in escrow. Among these 22 escrows, 2 of these homes are still pending bank approval for a short sale. Throughout these 122 active listings, the median list price is $1,250,000 while the average list price is at $2,372,239. The Nevada homes that are in escrow have a median asking price of $596,750 and an average asking price of $1,259,961. There were 2 new listings this past week for Nevada single family homes, down 1 from the previous week. The lowest priced new listing is $635,000 for 1270 Lincoln Park, a 3 bedroom, 3 bath with 2592 square feet. The highest priced new listing is $1,295,000 for 108 Ponderosa, a 7 bedroom, 5 bath with 6018 square feet. There was 1 home that went into escrow last week, this home is located at 171 Pine Point in Glenbrook and it has 3 bedrooms, 3 baths and 2592 square feet. The asking price is $4,495,000.There was 1 sold listing last week, the same as the week before. This home sold for $475,000 and it is located at 618 Jeff, a 5 bedroom, 3 bath with 2024 square feet.
There are 72 condos listed for sale in the East Shore Nevada side of Lake Tahoe according to the Northern Nevada MLS. The median listing price for these condos is $359,000 and the average is $457,931. Out of these 72 condos on the market, there are 10 that are currently in escrow. The median price for Nevada condos in escrow is $322,000 and the average is $355,818. One condo is pending short sale approval from the bank. There was 1 new condo listing, down 1 from the week before. The new listing is asking $289,900 for 171 Tramway at the top of Kingsbury. This condo has 3 bedrooms, 2 baths and 1280 square feet. There were no pending sales over the past week, however there was 1 condo that sold last week. This is a 4 bedroom, 3 bath townhouse with 2835 square feet located at 294 Pray Meadow in Glenbrook which sold for $2,465,000.