South Lake Tahoe Weekly Market Update - Jan. 4 - 10
What an interesting week. LOTS of snow. LOTS and LOTS of snow. The memories of quaint, one-lane roads are back in living color - white, that is. It is always a kick to look out the front window and see a skier gliding by instead of a four wheel pick-up truck.
This past week’s market activity focused on new business. Does this mean a turn in the market? Okay, it may be too soon to tell but here is what we do know.
The South Tahoe Association of Realtors Multiple Listing Services, during the period of January 4th - January 10th, 2008, reported the following:
Within the city limits, there were 6 new and/or “back on the market” properties. These ranged from a $345,000 condo to $969,000 waterfront home, both in the Tahoe Keys and with boat docks. Also reported were 6 pending escrows ranging from a Heavenly condo listed at $209,500 to $775,000 for a large log home in the Tahoe Island area. There was no activity noted among lots. Perhaps buyers are having a hard time seeing exactly what they might be getting under all that snow.
Within the county area, there were 3 new and/or “back on the market” listings ranging from $448,000 for a 3 bedroom Tahoe Paradise home just under 1700 SF to $899,000 for a beautiful, 3,200 sf view home in the Country Club/Elks club area. There were 2 new escrows both in the $500,000 range. In regards to lots, there were two new listings, both with the ability to be developed this coming year listed under $200,000. There was one recorded sale for another “ready to build” lot for $185,000.
CONGRATULATIONS to the buyers, sellers and Realtors with the above mentioned properties.
Be sure to check out the South Lake Tahoe real estate neighborhood information on our website. This new section includes market trends such as median home prices and the frequency of sales as well as historical data.