There were 13 new listings over the past week, down 1 from the previous week according to the South Tahoe Association of REALTORS’ Multiple Listing Services. The lowest priced new listing was $255,000 for 3101 Fresno, a 2 bedroom, 2 bath with 1441 square feet in the Al Tahoe area. The highest priced new listing is $3,295,000 for 319 Beach Drive, a 3 bedroom, 3 bath with 2513 square feet. This home is in the Tahoe Keys neighborhood. The median new asking price is $448,000 and the average is $665,615.
The number of pending escrows within the South Lake Tahoe real estate market during the past week was 14, up 1 from the previous week. The lowest pending list price from this group was $125,000 for 516 Emerald Bay #401, a 1 bedroom, 1 bath with 768 square feet. The highest priced home that went into escrow over the past week is listed at $689,000 for 1640 Venice, a 4 bedroom, 2.5 bath with 2446 square feet. The overall median asking price for homes that went into escrow last week was $376,500 while the average overall was $370,929.
As for the number of escrows that closed, there were 12 during the past week, down 2 from the week before. The lowest sale price was $220,000 for 2601 Pinter, a 2 bedroom, 1 bath with 720 square feet. The highest recorded sale price within this group was $700,000 for 2078 Traverse in the Tahoe Keys. This home has 3 bedrooms, 2 baths and 1556 square feet.
As of June 24th, the South Lake Tahoe, CA real estate report shows there are currently 392 active homes and condos on the market. Out of these 921 properties for sale, 80 of them escrow. Within the 80 properties in escrow, 10 of them are still pending bank approval for a short sale.
South Lake Tahoe East Shore, NV Real Estate Report:
The South Lake Tahoe, Nevada real estate market update shows there are 129 single family homes for sale (as of June 23rd, 2014), according to the Northern Nevada MLS. Among this group of Nevada homes for sale, there are 28 homes currently in escrow. Among these 28 escrows, 2 of these homes are still pending bank approval for a short sale. Throughout these 129 active listings, the median list price is $1,224,000 while the average list price is at $2,355,337. The Nevada homes that are in escrow have a median asking price of $537,450 and an average asking price of $829,066. There was 1 new listing this past week for Nevada single family homes, the same as the previous week. The new listing is asking $989,000 for 190 Kingsbury Circle, a 4 bedroom, 3 bath with 3250 square feet. There were no homes that went into escrow last week, the same as the week before. There were 2 sold listings last week, up 1 from the week before. The lowest sale price was $477,000 for 242 Chimney Rock, a 3 bedroom, 3 bath with 1759 square feet of living space. The highest sale price was $1,195,000 for 218 Terrace View, a 5 bedroom, 3 bath with 3824 square feet.
There are 80 condominiums listed 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 $396,500 and the average is $483,978. Out of these 80 condos on the market, there are 12 that are currently in escrow. The median price for Nevada condos in escrow is $322,000 and the average is $432,357. One condo is pending short sale approval from the bank. There were 2 new condo listings last week, up 1 from the week before. The lowest priced new listing is $299,000 for 154 B Bigler, a 3 bedroom, 2 bath with 1360 square feet. The highest asking price is $449,000 for 779 Bigler, a 3 bedroom, 2 bath with 1280 square feet. There was 1 pending sale over the past week, up 1 from the week before. This condo is located at 38 Burke Creek, a 4 bedroom, 2 bath with 1840 square feet and an asking price of $389,900. There were 2 recorded sales last week, up 2 from the week before. The lowest sale price was $289,000 for 181 Tramway, a 3 bedroom, 3 bath with 1307 located at the top of Kingsbury. The highest sale price was $358,000 for 233 Clubhouse, a 3 bedroom, 3 bath with 1676 square feet of living space.