South Lake Tahoe Market Update May 15th-21st, 2011
As of May 21st, 2011, the South Tahoe Association of Realtors Multiple Listing Service reported there were 335 Active Listings and 11 homes went into escrow in the City and County neighborhoods of South Lake Tahoe during the period of May 15th-21st. Of those 11 homes that went into escrow 1 was a short sale and 4 were REO (bank owned) properties. 7 homes were sold during the week of May 15th-21st. The median price among these homes was $295,000 and the average home price among these homes sold was $361,000. The year before, during the same time period, 16 properties closed escrow. In 2009 there were 6 closed escrows. Of the homes sold from May 15th-21st, 2 were in the Meyers neighborhood, 2 in the Bijou neighborhood, 2 in the Tahoe Keys neighborhood, and 1 in the North Upper Truckee neighborhood. The lowest sale price of these homes was $161,000 for 1977 Washoe St., a 3 bedroom, 1.75 bath, with 1292 square feet. The highest sale price was $605,000 for 2075 Slalom Ct., a 4 bedroom, 3 bath with 2085 square feet.
Between May 15th and 21st, 21 homes were listed for sale, 3 of which are bank owned and 4 of which were short sales. The lowest price property, listed at $102,800, is a 3 bedroom, 2 bath home with 1262 square feet located at 1666 Arapahoe St. in the Tahoe Paradise neighborhood. The highest price property, listed at $2,200,000, is a 3 bedroom, 2 bath property with 1558 square feet located at 336 Ala Wai Blvd. #271 located in the Tahoe Keys neighborhood.
South Lake Tahoe Market Update May 8th-14th, 2011
As of May 14th, 2011, the South Tahoe Association of Realtors Multiple Listing Service reported there were 316 Active Listings and 11 homes went into escrow in the City and County neighborhoods of South Lake Tahoe during the period of May 8th-14th. None of those 11 homes that went into escrow were REO (bank owned) or short sales. 10 homes were sold from May 8th-14th. The median home price of these homes was $317,500 and the average home price among these homes sold was $358,220. The year before, during the same time period, 17 properties closed escrow. In 2009 there were 8 closed escrows. Of the 10 homes sold from May 8th-14th, 1 was in the Meyers neighborhood, 2 was in the Gardner Mountain neighborhood, 3 in the Montgomery Estates neighborhood, 1 in the North Upper Truckee neighborhood, 1 in the Sierra Tract neighborhood, Tahoe Island Park neighborhood, and 1 was in the Tahoe Keys neighborhood. The lowest sale price of these homes was $155,200 for 1805 Arrowhead Ave., a 3 bedroom, 1 bath, with 864 square feet. The highest sale price was $750,000 for 2161 Marshall Trl., a 4 bedroom, 3 bath with 2638 square feet.
Between May 8th and 14th, 21 homes were listed for sale, 2 of which are bank owned and 2 of which were short sales. The lowest price property, listed at $102,800, is a 1 bedroom, 1 bath home with 672 square feet located at 2649 Bertha Ave. in the Sierra Tract neighborhood. The highest price property, listed at $4,200,000, is a 3 bedroom, 2 bath lakefront property with 1898 square feet located at 803 Stateline Ave. located in the Stateline neighborhood.
South Lake Tahoe Market Update Apr. 24th-30th, 2011
As of April 30rd, 2011, the South Tahoe Association of Realtors Multiple Listing Service reported there were 317 Active Listings and 10 homes went into escrow in the City and County neighborhoods of South Lake Tahoe during the period of April 24th-30th. Of those 10 properties that went into escrow, 6 were REO (bank owned properties) listings and no homes were short sales. 7 homes were sold from April 24th-30th. The median home price among these sales was $198,600 and the average sale price was $232,943. The year before, during the same time period, 14 properties closed escrow. In 2009 there were 10 closed escrows. Of the 7 homes sold the for April 24th-30th,1 was in the North Upper Truckee neighborhood, 3 in the Meyers neighborhood, 2 in the Sierra Tract neighborhood, and 1 in the Y Area neighborhood. The lowest sale price of these homes was $65,000 for 1154 Margaret Ave., a 2 bedroom, 0.75 bath, with 578 square feet. The highest sale price was $445,000 for 784 Lake Tahoe Blvd., a 4 bedroom, 2.5 bath with 2521 square feet.
Between April 24th and 30th, 21 homes were listed for sale, 2 of which are bank owned and 3 of which were short sales. The lowest price property, listed at $107,000, is a 1 bedroom, 1 bath home with 678 square feet located at 516 Emerald Bay Rd. #122 in the Gardner Mountain neighborhood. The highest price property, listed at $995,000, is a 4 bedroom, 2 bath with 1759 square feet located at 4020 Lakeshore Blvd. located in the Stateline neighborhood.
South Lake Tahoe Market Update March 20th-26th, 2011
The South Tahoe Association of Realtors Multiple Listing Service reported there were 317 Active Listings and 21 homes went into escrow in the City and County neighborhoods of South Lake Tahoe during the period of March 20th-26th. Of those 21 properties that went into escrow, 7 were REO (bank owned properties) listings and 7 were short sales. 7 homes were sold from March 20th to 26th. The median home price among these sales was $225,750 and the average sale price was $420,875. The year before, during the same time period, 7 properties closed escrows. In 2009 there were 5 closed escrows. Of the 7 homes sold this past week, 2 were located in the Bijou neighborhood, 1 in the Country Club Estates neighborhood, 1 in the Gardner Mountain neighborhood, 1 in the Heavenly Mountain neighborhood, and 2 in the Sierra Tract neighborhood. The lowest sale price of these homes was $158,500 for 2616 Kubel Ave., a 3 bedroom, 2 bath, with 1363 square feet. The highest sale price was $1,150,000 for 3371 Lake Tahoe Blvd #4, a 4 bedroom, 4 bath with 3327 square feet.
Between March 20th and 26th, 7 homes were listed for sale, 3 of which were bank owned and 1 of which was a short sale. The lowest price property, listed at $142,900, is a 3 bedroom, 1.75 bath home with 1568 square feet located at 918 Julie Ln. in the Gardner Mountain neighborhood. The highest price property, listed at $515,000, is a 4 bedroom, 3 bath with 2124 square feet located at 3433 Warr Rd. located in the Bijou neighborhood.
Open House- Saturday November 7th
1357 Gilmore Lake Road, South Lake Tahoe
This beautiful new construction home is situated on a large, sunny lot and includes 4 bedrooms (2 master suites), 4 full baths with jetted tubs, 2 large living areas and 3 fireplaces. The kitchen offers an abundance of cabinetry and space to entertain with 2 islands, 2 sinks and stainless steel appliances. This is a unique opportunity to purchase a brand new home at below market value and still chose some of the finishing touches.
