South Lake Tahoe Real Estate Market Update, Oct. 15- Oct. 21
The South Lake Tahoe real estate market showed 13 NEW LISTINGS this past week, up from the previous week’s 7. The lowest priced new listing is $164,500 for 2577 Armstrong, a 3 bedroom, 1 bath with 832 square feet. The highest priced new listing is $1,395,000 for 1321 Wildwood, a 4 bedroom, 3 bath with 3432 square feet. This week’s median listing price is $495,000.
There were 11 homes that went into ESCROW this past week, up from last week’s 7. The lowest priced new escrow is $164,900 for 3713 Montreal, a 4 bedroom, 1 bath with 1020 square feet.The highest pending sale price is $737,000 for 1984 Osage, a 4 bedroom, 3 bath with 3009 square feet. The median pending sale price is $324,000 with and average time on market of 60 days.
This week there were 9 homes recorded as SOLD, one more than last week’s 9. The lowest sale price was $85,000 for 1223 Bonanza #25, a 2 bedroom, 1 bath condo with 985 square feet. The highest sale price was $520,000 for 756 Lakeview, a 4 bedroom, 2 bath with 1706 square feet. The average time on the market (including the escrow period) was 142 days. The median sale price was $314,000.
South Lake Tahoe Real Estate Market Update, Oct. 8- Oct. 14
[SinglePic not found]The South Lake Tahoe real estate market showed 7 NEW LISTINGS this past week, down one from the previous week’s 8. The lowest priced new listing is $185,000 for 1183 Lodi, a 2 bedroom, 1 bath with 864 square feet. The highest priced new listing is $648,000 for 1357 Gilmore Lake, a 4 bedroom, 4 bath with 3406 square feet. This week’s median listing price is $335,000.
There were 7 homes that went into ESCROW this past week, down from last week’s 14. The lowest priced new escrow is $139,900 for 2680 Kubel, a 2 bedroom, 1 bath with 448 square feet. The highest priced new escrow is $1,988,000 for 5 Lighthouse Shores, a 3 bedroom, 2.5 bath with 2996 square feet. The median pending sale price is $399,000 with and average time on market of 102 days.
This week there were 8 homes recorded as SOLD, down from last week’s 14. The lowest sale price was $222,000 for 2319 Sky Meadows, a 3 bedroom, 1.75 bath with 1280 square feet. The highest sale price was $750,000 for 2205 Venice, a 4 bedroom, 2.5 bath with 2467 square feet. The average time on the market (including the escrow period) was 158 days. The median sale price was $610,900.
South Lake Tahoe Real Estate Market Update, Oct. 1- Oct. 7
[SinglePic not found]Lots of surprises this week, starting with a surprise winter storm in Lake Tahoe (hint of some fun times ahead.) Next, the South Lake Tahoe real estate market activity continues to show signs of a steady albeit slow recovery. Last week showed 8 NEW LISTINGS, down from the previous week’s 14. The lowest priced new listing is $249,000 for 1033 Cheyenne, a 3 bedroom, 2 bath with 1124 square feet. The highest priced new listing is $1,295,000 for 1790 Meadow Vale, a 6 bedroom, 4 bath with 3200 square feet. This week’s median listing price is $455,000.
There were 14 homes that went into ESCROW this week, one less than last week’s 15. The lowest priced new escrow is $112,900 for 3740 Larch, a 1 bedroom, 1 bath with 468 square feet. The highest priced new escrow is $3,275,000 for 3819 Beach Rd., a 4 bedroom, 2 bath with 2286 square feet. The median pending sale price is $309,500 with and average time on market of 107 days.
This week showed 13 homes recorded as SOLD, up from last week’s 8. The lowest sale price was $130,000 for 1176 Margaret, a 4 bedroom, 3 bath with 2184 square feet. The highest sale price was $1,250,000 for 596 Lucerne, a 4 bedroom, 4 bath with 5313 square feet. The average time on the market (including the escrow period) was 115 days. The median sale price was $275,000.
South Lake Tahoe, Montgomery Estates Market Update
The statistics regarding home sales within the Montgomery Estates neighborhood of South Lake Tahoe has just been updated. The median home price through July 31, 2009 and based upon the previous 12 months sales show a median home list price of $437,000 with a median sold price of $417,000. This number is down from last year’s median home price of $480,000. The good news is that the number of sales and the time on the market have both seen slight improvement.
This week’s Home of the Week is located at 1004 Turnback Trail in Montgomery Estates. We hope that you will check it out for yourself and please, pass the link along to anyone you feel might be interested.
To all of you – have a wonderful and safe Labor Day Weekend.
Market Update – North Upper Truckee, South Lake Tahoe
Those of you that find a benefit to tracking the real estate market trends will want to check out our latest update of the North Upper Truckee area of South Lake Tahoe. According to statistics provided through the South Lake Tahoe Association of Realtors’ Multiple Listing Services, the big picture for North Upper Truckee in general is (applause, applause) a median home price of $407,500, near the peak of $415,000 found during the months of Oct. 2008 & Feb.- Mar. 2009.
North Upper Truckee 1 (located where North Upper Truckee Rd feeds off of Hwy 50 near Meyers and ends at Zuni Rd) saw an estimated 8% decrease in median home prices ($395,750 to $362,750) between the period of Aug. 1, 2008 through July 31, 2009 when compared to the same months one year earlier. On the positive side, there were 28 closed transactions as compared to 20 in the previous year.
North Upper Truckee 2 (the area from Zuni Rd to Tahoe Mountain Rd) saw an estimated 6% increase in value, from $547,000 – $580,000, with half as many sales – that being 5 as compared to 10 the previous year. This area was hardest hit during the 2007 Angora Fire and is currently undergoing a transformation from smaller homes in wooded areas to newer, larger homes with wide open views.
Be sure to check out more information regarding the North Upper Truckee area. Within this neighborhood profile, one can learn more about the overall make-up of the area, nearby points of interest and follow the real estate market activity as far back as 2003.