Weekly South Lake Tahoe Real Estate Review
March 16, 2008
The South Lake Tahoe Real Estate market experienced another strong week bringing the total amount of open single family home escrows to 63.
During the week of 3/9 to 3/15 there were 8 new escrows reported on the South Lake Tahoe MLS.
The asking prices of the pending houses ranged from $349,000 up to $1,683,000.
There were also seven sold single family houses. The reported sales were as follows:
2877 Oakland
Asking Price $780,000
Sales Price $$737,000
Days on Market 278
3436 Janet
Asking Price $268,900
Sales Price $275,000
Days on Market 42
2440 Cougar Trail
Asking Price $449,000
Sales Price $399,000
Days on Market 335
1016 Golden Bear
Asking Price $399,000
Sales Price $400,000
Days on Market 83
712 Seneca
Asking Price $389,500
Sales Price $360,000
Days on Market 359
611 Otomites
Asking Price $420,000
Sales Price $395,000
Days on Market 255
376 Mackay
Asking Price $798,000
Sales Price $750,000
Days on Market 115
Also report on the South Lake Tahoe MLS were 12 new single family home listings. Two of these new listings, 1472 Glen Eagles, and 2002 Cherokee, are foreclosures and are priced very well!
Along with the pendings, solds, and new listings, there were 25 price reductions. The price reductions ranged from $10,000 all the way to $124,000! The property that came down $124,000 was 2953 Pinewood Dr. that was priced at $699,000 and lowered to $575,000.
This was my first weekly real estate review. I will continue this blog category weekly throughout the summer.
