Home / Market Reports / East Shore, Nevada- South Lake Tahoe Real Estate Market Update, Jan. 1- Jan. 7
According to the Northern Nevada MLS there are 97 ?single family homes for sale throughout the Lake Tahoe?s Nevada East Shore neighborhoods (as of January 7, 2013). Among this group of Nevada homes for sale, there are 15 homes currently in escrow. Among these 15 escrows, 8 of them are still pending bank approval for a short sale. Throughout these 97 active listings, the median list price is $1,450,000 while the average list price is at $2,438,712.? Among the 15 Nevada homes that are in escrow, the median listing price is $445,000 and the average listing price is $887,166.
There were no new listings this past week for Nevada single family homes.There were also no homes that went into escrow last week, the same as the week before. ?There were, however, 2 homes that closed escrow. The lowest sale price was $265,000 for a short sale located at 447 Andria in the Kingsbury neighborhood. This home has 3 bedrooms, 2 baths and 1508 square feet. The highest sale price was $440,000 for 441 Andria (sold by the Souers team). This home has 3 bedrooms, 2 baths and 1428 square feet of living space.
As of January 7th, 2013 there are currently 70 condominiums listed for sale on the Nevada side of South Lake Tahoe. The median listing price for these condos is $377,450 and the average listing price is $550,430. Out of these 70 condos on the market, there are 10 that are currently in escrow. Among the 10 pending sales, 8 of them are still subject to bank approval for a short sale. The median price for Nevada condos in escrow is $177,500 and the average is $177,450.
There were 2 condos listed over the past week in Nevada. The lowest new listing price is $129,000 for a studio condo with 1 bath located at 331 Tramway at the top of Kingsbury Grade. The other new listing is locate at 420 Quaking Aspen which is listed at $430,000. This condo has 3 bedrooms, 2 baths and 1378 square feet of living space. There were no condos that went into escrow last week. Unfortunately there were no closed sales either.
Source: http://www.homeintahoe.com/east-shore-nevada-south-lake-tahoe-real-estate-market-update-jan-1-jan-7/
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