South Lake Tahoe - February 15th - 21st. Weekly Market Update
MORE SNOW! And just as we experienced during our most recent storm activity, as the snow increased, so did our real estate activity.
Within the city limits, there were 14 new homes reported as new or “back on the market” during the past week (up from the 8 during the previous week.) The list prices ranged from $269,900 for a studio condo to $1,396,000 for a 4 bedroom waterfront property. Both of these homes were in the Tahoe Keys area and featured views and boat docks.
The number of homes that went into escrow was 9, triple that of last week. These properties ranged from $195,000 for a smal (520 sf) cabin to $750,000 for a spacious (1,920 SF) three bedroom home near Heavenly Mountain.
There were 3 reported sales ranging from $410,000 for a 3 bedroom/2 bath home to $650,000 for a newer 4 bedroom home.
The county area reported There were 9 new or “back on the market” (up from 2 the previous week.) These listings ranged from $369,000 for a 2 bedroom/1 bath home to $799,000 for a 3 bedroom home built in 2002.
There was 1 new escrow for a 3 bedroom/2 bath home with 1, 266 SF of living space. 3,200 SF which was listed for $399,900.
There were 2 recorded closings ranging from $366,000 for a 4 bedroom/2.5 bath home to $490,000 for a 3 bedroom/2 bath home built in 1992..
Both the city and the county each saw one new listing for lots appear on the market. The city lot is listed for $125,000 while the lot in the county is listed for $225,000.