South Lake Tahoe, CA (April, 9- April 15):
The South Lake Tahoe, CA market showed 12 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 $222,500 for 2601 Pinter, a 2 bedroom, 1 bath with 720 square feet. This home is in the Sierra Tract neighborhood. The highest priced new listing is $1,650,000 for 1480 Ledge in the Heavenly area. This home has 4 bedrooms, 4.5 baths and 2798 square feet. The median new asking price is $407,000 and the average is $535,708. The number of NEW PENDING escrows in the South Lake Tahoe real estate market during the past week was 11, down 6 from the previous week. The lowest pending list price from this group was $199900 for 2596 Fountain, a 3 bedroom, 1 bath with 1208 square feet of living space. The highest priced home that went into escrow over the past week is listed at $649,000 for 1671 Crystal Air, a 5 bedroom, 3 bath with 3320 square feet. The overall median asking price for homes that went into escrow last week was $299,000 while the average overall was $372,264. As for the number of CLOSED escrows, there were 10 during the past week, down 1 from the week before. The lowest sale price was $115,000 for 3754 Paradise, a 2 bedroom, 1 bath with 800 square feet. This home is in the Ski Run area. The highest recorded sale price within this group was $445,000 for 2170 Cornelian, a 3 bedroom, 2.5 bath with 2286 square feet. The median sale price was $289,000 and the average was $277,500.
Nevada East Shore:
The East Shore, South Lake Tahoe real estate report shows there are 107 single family homes for sale (as of April 14th, 2014), according to the Northern Nevada MLS. Among this group of Nevada homes for sale, there are 18 homes currently in escrow. Among these 18 escrows, just 1 is still pending bank approval for a short sale. Throughout these 107 active listings, the median list price is $1,395,000 while the average list price is at $2,615,397. The Nevada homes in escrow have a median asking price of $550,000 and an average asking price of $1,043,148. There were 7 new listings this past week for Nevada single family homes, up 4 from the previous week. The lowest priced new listing is $799,000 for 225 Highland, a 4 bedroom, 3 bath with 2710 square feet of living space. The highest asking price was $4,495,000 for 171 Pine Point, a 3 bedroom, 3 bath with 2592 square feet. There were no homes that went into escrow last week, the same number as the week before. There were 3 recorded sales, up 1 from the week before. The lowest sale price was $425,000 for 266 Cheyenne, a 3 bedroom, 2 bath with 1540 square feet of living space. The highest sale price was $2,400,000 for 1966 Glenbrook House, a 4 bedroom, 4 bath with 4682 square feet.
As of April 14th, 2014, there are 72 condos for sale on the East Shore Nevada side of Lake Tahoe according to the Northern Nevada MLS. The median listing price for these condos is $374,000 and the average is $496,699. Out of these 72 condos on the market, there are 12 that are currently in escrow. The median price for Nevada condos in escrow is $331,750 and the average is $438,431. One of these condos are pending short sale approval. There were 4 new condo listings, up 2 from the week before. The lowest new asking price for condos is $199,900 for 726 Tina Ct., a 2 bedroom, 2 bath with 1018 square feet. The highest asking price is $329,000 for 196 Clubhouse, a 2 bedroom, 2 bath with 1248 square feet. There was 1 pending sale over the past week, up 1 from the week before. The condo that went into escrow is 181 Tramway, a 3 bedroom, 3 bath with 1307 square feet and an asking price of $294,500. There were no condos that sold over the past week, down 2 from the week before.