The South Tahoe market showed 13 new listings over the past week, down 5 from the previous week according to the South Tahoe Association of REALTORS’ Multiple Listing Services. The lowest priced new listing was $245,000 for 1251 O’Malley, a 2 bedroom, 1.5 bath with 832 square feet. this house is in the Sierra Tract neighborhood. The highest priced new listing is $699,000 for 1358 Oflying in the Country Club Estates neighborhood. This home has 4 bedrooms, 2.5 baths and 3365 square feet of living space. The median new asking price is $389,000 and the average new asking price is $417,362.
The number of NEW PENDING escrows within the South Lake Tahoe real estate market during the past week was 18, down 3 from the previous week. The lowest pending list price from this group was $175,000 for 1170 Herbert B in the Bijou area. This condo has 3 bedrooms, 2 baths and 1161 square feet. The highest priced home that went into escrow over the past week is listed at $919,000 for 559 Lucerne in the Tahoe Keys. This home features 4 bedrooms, 3 baths and 2184 square feet. The overall median asking price for homes that went into escrow last week was $378,500 while the average overall was $420,267.
As for the number of CLOSED escrows, there were 16 during the past week, up 10 from the week before. The lowest sale price was $180,000 for 1390 Ski Run #17, a condo in the Heavenly area. This condo has 2 bedrooms, 2 baths and 800 square feet. The highest recorded sale price within this group was $1,280,000 for 1595 Venice in the Tahoe Keys, a 3 bedroom, 3.5 bath with 2845 square feet. The median sale price was $374,563 and the average was $495,239.
East Shore, NV:
The East Shore of South Lake Tahoe shows there are currently 139 single family homes for sale (as of July 21st, 2014) according to the Northern Nevada MLS. Among this group of Nevada homes for sale, there are 30 homes currently in escrow. Among these 30 escrows, 2 of these homes are still pending bank approval for a short sale. Throughout these 139 active listings, the median list price is $969,000 while the average list price is at $2,073,781. The Nevada homes that are in escrow have a median asking price of $598,700 and an average asking price of $1,233,577. There were 2 new listings this past week for Nevada single family homes, down one from the previous week. The lowest priced new listing was $449,000 for 222 Cypress, a 3 bedroom, 3 bath with 1800 square feet. The highest new asking price is $690,000 for 131 Cypress, a 3 bedroom, 3 bath with 2222 square feet. There was 1 home that went into escrow last week, down 1 from the week before. The home that went into escrow is $287,679 for 173 Michelle, a 3 bedroom, 2 bath with 1215 square feet. There were 3 sold listings last week, up 1 from the week before. The lowest sale price was $650,000 for 288 Paiute, a 3 bedroom, 3 bath with 2424 square feet. The highest sale price was $7,250,000 for a lakefront home located at 1268 Tamarack. This home features 4 bedrooms, 5 baths and 5943 square feet of living space.
There are currently 87 condos listed for sale according to the Northern Nevada MLS. The median listing price for these condos is $399,000 and the average is $476,214. Out of these 87 condos on the market, there are 13 that are currently in escrow. The median price for Nevada condos in escrow is $389,900 and the average is $436,776. One condo is pending short sale approval from the bank. There were 2 new condo listings last week, the same as the week before. Both new listings are priced at $550,000. The first one is at 2 Manzanita, a 4 bedroom, 2 bath with 2096 square feet. The other is at 191 Lake Shore #28, a 3 bedroom, 3 bath with 1748 square feet. There were no pending sale over the past week, down 1 from the week before. There were 2 recorded sales last week, up 2 from the week before. The lowest sale price was $157,000 for 313 Tramway #10, a 1 bedroom, 1 bath with 544 square feet and the highest was $296,000 for 313 Tramway #26.