3/16 to 3/22 Real Estate Review

The South Lake Tahoe Real Estate market experienced another solid week of buyer activity similar to the previous week. The foreclosures located at 1472 Glen Eagles and 2002 Cherokee that I predicted would sell very quickly, both had multiple offers, and are now in escrow.

There was a total of seven single family houses that went into escrow reported on the South Lake Tahoe MLS.

2002 Cherokee St. (foreclosure)

$384,900

1472 Glen Eagles (foreclosure)

$394,500

1301 Pine Valley (foreclosure)

$664,000

1139 Herbert Ave. #c (condo)

$298,500

3519 Pinecrest

$379,000

914 Lapham

$399,950

489 Tahoe Keys Blvd. (condo)

$269,000

There were eight single family homes sold last week that were reported on the South Lake Tahoe MLS.

2695 Springwood Drive

Asking Price $289,900

Sold Price $262,000

1261 E. San Bernadino St.

Asking Price $399,000

Sold Price $399,000

1024 Iron Mountain

Asking Price $1,050,000

Sold Price $937,500

2521 Osborne St.

Asking Price $259,900

Sold Price $245,000

2175 Royal St.

Asking Price $359,000

Sold Price $315,000

2293 Eloise Ave. #C

Asking Price $498,000

Sold Price $434,000

1536 Chippewa St.

Asking Price $699,000

Sold Price $639,000

3463 Beaver Brae Dr.

Asking Price $464,900

Sold Price $505,000

There were 24 price reductions with the largest reduction being  645 Zuni which is a new home reduced to $899,000 from $995,000!

New single family listings were up to 16 from 12 the previous week.

The South Lake Tahoe Real Estate market experienced another solid week of buyer activity during the first week of Spring. We will see if this activity continues through the Summer.