South Lake Tahoe Real Estate Market Update, Mar. 4- Mar. 10

South Lake Tahoe saw 14 NEW Listings come on the market over the past week according to the South Tahoe Association of Realtors.  Among these new listings, the lowest priced new listing is $159,000 for 2527 Elwood, a 1 bedroom, 1 bath Sierra Tract home with 520 sq. ft.  The highest priced new listing is $729,000 for 2224 Inverness located within the Tahoe Keys with 5 bedrooms, 4 baths and 3025 sq. ft.  The median listing price among this group was $379,000.

The good news is that there were 11 homes that went into ESCROW last week.   Among these new escrows, the lowest priced home is $164,900 for a bank owned fixer at 2154 Washington, a 3 bedroom, 2 bath Tahoe Island home with 1537 sq. ft.   Good job Casey with the Pinnacle Real Estate Group.  The highest priced new escrow is $569,000 for 1765 Ababco, a 4 bedroom, 3 bath Tahoe Paradise home with 2200 sq. ft.  The median pending asking price is $259,900 with an average time on market of 83 days.

Congrats go out the the new buyers and sellers of the 5 CLOSED sales this past week.  The lowest sale price was $211,000 for 854 Tata, a 2 bedroom, 0.75 bath and 864 sq. ft.  The highest sale price was $510,000 for 1357 Gilmore Lake, a 4 bedroom, 4 bath Bijou home with 3406 sq. ft. (congratulations to Pinnacle for representing both sides of the sale).  The median sale price was $351,000 with an average time on the market of 58 days.

There’s lots of new Tahoe information provided on a weekly basis.  Check out and stay informed.

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 Real Estate Market Update, Sept. 24- Sept. 30

The South Lake Tahoe real estate market activity last week revealed 14 NEW LISTINGS, up from the previous  week’s 10. The lowest priced new listing is $165,000 for 2645 Chris, a 2 bedroom home with 748 square feet. The highest priced new listing is $499,500 for 1683 Chippewa, a 3 bedroom, 2 bath with 1477 square feet. This week’s median listing price is $388,900.

There were 15 homes that went into ESCROW this week, down from last week’s 17. The lowest priced new escrow is $105,000 for 1223 Bonanza, a 2 bedroom, 1 bath with 985 square feet. The highest priced new escrow is $1,395,000 for 468 Lido, a 3 bedroom, 2.5 bath with 2648 square feet. The median pending sale price is $422,755 with and average time on market of 108 days.

This week showed 8 homes recorded as SOLD, down from last week’s 14. The lowest sale price was $195,000 for 2620 Fountain, a 3 bedroom, 2.5 bath with 1848 square feet. The highest sale price was $560,000 for 1464 Sterling Ct., a 4 bedroom, 2.5 bath with 2216 square feet. The average time on the market (including the escrow period) was 110 days. The median sale price was $393,750.

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.