South Tahoe, CA:
There were 20 new listings over the past week according to the South Tahoe Association of REALTORS’ Multiple Listing Services. The lowest priced new listing was $169,000 for 1220 Carson, a 2 bedroom, 1 bath with 889 square feet. The highest priced new listing is $3,495,000 for 2412 Carson, a 7 bedroom, 6 full bath & 2 half bath Tahoe Keys home with 7386 square feet. The median new asking price is $413,750 and the average new asking price is $779,020.
The number of NEW PENDING escrows within the South Lake Tahoe real estate market during the past week was 14, down 4 from the previous week. The lowest pending list price from this group was $209,000 for 1139 Herbert A, a 3 bedroom, 2 bath condo with 1161 square feet in the Bijou area. The highest priced home that went into escrow over the past week is listed at $649,000 for 1671 Crystal Air in the Country Club Estates neighborhood. This home has 5 bedrooms, 3 baths and 3320 square feet. The overall median asking price for homes that went into escrow last week was $349,000 while the average overall was $381,271. The average time on the market was 50 days.
As for the number of CLOSED escrows, there were 13 during the past week, down 3 from the week before. The lowest sale price was $180,000 for 720 Tahoe Island Drive, a 3 bedroom, 1 bath with 976 square feet. The highest recorded sale price within this group was $1,088,000 for 1978 Kokanee in the Tahoe Keys. This home has 3 bedrooms, 2.5 baths and 2373 square feet of living space. The median sale price was $375,000 and the average was $418,783.
East Shore, NV:
There are 145 single family homes for sale (as of July 28th, 2014) according to the Northern Nevada MLS. Among this group of Nevada homes for sale, there are 35 homes currently in escrow. Among these 35 escrows, 2 of these homes are still pending bank approval for a short sale. Throughout these 145 active listings, the median list price is $969,000 while the average list price is at $2,047,901. The Nevada homes that are in escrow have a median asking price of $598,500 and an average asking price of $1,161,492. There were 7 new listings this past week for Nevada single family homes, up 5 from the previous week. The lowest priced new listing was $449,000 for 769 Lakeview, a 4 bedroom, 3 bath with 2350 square feet. The highest new asking price is $1,050,000 for 1073 Skyland, a 3 bedroom, 2 bath with 1824 square feet. There were no homes that went into escrow last week, down 1 from the week before. There were 2 sold listings last week, down 1 from the week before. The lowest sale price was $390,000 for 443 Andria, a 3 bedroom, 2 bath with 1508 square feet. The highest sale price was $5,800,000 for 25 Lake Front, a 4 bedroom, 4 bath with 5028 square feet.
There are currently 88 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 $399,000 and the average is $471,244. Out of these 88 condos on the market, there are 14 that are currently in escrow. The median price for Nevada condos in escrow is $394,450 and the average is $441,185. One condo is pending short sale approval from the bank. There were 2 new condo listings last week, the same as the week before. The lowest priced new listing is $425,000 for 106 Lake Village, a 2 bedroom, 2 bath with 1875 square feet. The highest new asking price is $94 Lake Village, a 2 bedroom, 2 bath with 1198 square feet of living space. There was 1 pending sale over the past week, up 1 from the week before. This condo is located at 178 Tahoma, a 4 bedroom, 3 bath with 2152 square feet. The asking price for this condo is $399,000. There were no recorded sales last week, down 2 from the week before.