Lake Tahoe Real Estate Blog

Gorgeous weather saw skis being replaced by bicycles, jogging shoes and golf clubs. Temperatures hinting of the summer to come were absolutely blissful. The real estate market was equally positive with plenty of new activity.
Within the city limits, there were 9 “new/back on the market”listings offering quite a variety pack. The new listings ranged from a low of $260,000 for a 3 bedroom, 1.5 bath home in the Sierra Tract area. At the top of the range is a newer home (built in 2005) asking $1,008,000. This home features 3 bedrooms, 2.5 baths, over 3,000 SF of living space all within a few short blocks to Heavenly Mt.
Most exciting were the 5 new pending sales. All of these homes were listed under $600,000 with a low of $310,000 for a 2 bedroom, 2 bath home in the Bijou area up to an amazing $569,000 for a 3 bedroom, 2 bath home with nearly 1,669 SF of living space within the Tahoe Keys.
There was one closed sale reported for a home in the Tahoe Island area for $449,000. This home had 4 bedrooms, 2 baths and over 1, 500 SF of living space.
The lot activity was equally busy with 4 new listings for vacant land. The lowest price was $169,000 within the Sierra Tract up to $439,000 for a Tahoe Keys lot with a buildable allocation.

The county area was considerably slower with only 3 new listings. Yet the list price range was even greater. Starting with a 3 bedroom home in the Pioneer Trail neighborhood with a list price of $360,000 clear up to $1,649,000 for an ultra-”tricked-out” luxury mountain view home in the Country Club Estates neighborhood.
There were 2 new escrows, both tremendous values. Within the Meyers area, the lower end of the range was $449,000 up to $898,000 for a Tuscan beauty in the Pioneer Trail neighborhood.
There was only one recorded sale for a 3 bedroom, 1.75 bath home with nearly 1200 SF of living space for $375,000.
There was one new lot listing in the Pioneer Trail area for $149,000.

Be sure to check out our Home of the Week, located at 1215 Gold Dust Trail.  

This entry was posted on Friday, May 2nd, 2008 at 2:27 pm and is filed under South Lake Tahoe Real Estate Market Update. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.