Lake Tahoe Real Estate update: Homes sold this week

lake tahoe real estateSouth Lake Tahoe real estate news for the week of January 3-9, 2013:  11 homes closed escrow in South Lake Tahoe.  There were 72 closed escrows in November, up from 50 in November 2011 and 50 closed sales in December, down from 2011’s 71 sales. For the year, 765  homes closed escrow in 2012, up 13.5% from 2011 when 674 homes sold.

The selling prices of homes that closed this week ranged from $125,000 for a short sale condo near Heavenly Ski Resort to $600,000 for a brand new 5 bedroom home near the meadow in Montgomery Estates.

South Lake Tahoe Homes Sold

Here is a list of all homes that closed escrow this week along with their selling prices and asking price (in parenthesis):

3604 Terry Lane #35, Bijou Neighborhood, $125,000 ($129,000) – Short Sale

1714 Arapahoe Street, Meyers Neighborhood, $147,300 ($147,300) – Short Sale

1200 Wildwood Avenue #33, Heavenly Valley Neighborhood, $151,000 ($169,900)

2705 Springwood Drive, Highland Woods Neighborhood, $175,000 ($169,500)

912 Council Rock Road, Tahoe Island Park Neighborhood, $245,000 ($249,000)

2480 William Avenue, Sierra Tract Neighborhood, $266,000 ($275,000)

1437 Bozeman Drive, Pioneer Village Neighborhood, $280,000 ($280,000)

3364 Pine Hill Road, Heavenly Valley Neighborhood, $318,000 ($350,000)

2577 Pinter Avenue, Sierra Tract Neighborhood, $332,500 ($339,900)

439 Ala Wai Blvd. #102, Tahoe Keys Neighborhood, $455,000 ($499,000)

1568 Plateau Circle, Montgomery Estates Neighborhood, $600,000 ($625,000) 

We are seeing some homes sell at, close to, or over their asking price, as was the case this week.  I’ve told buyers that they need to look at these traditional sales as there have been some good deals and there just aren’t many short sales and foreclosed homes for sale in Lake Tahoe.

These numbers will paint a clear picture:

As I’ve been discussing recently, home sales have been up and inventory down, and these numbers show that sales are continuing to move at a strong pace. 58 in October, 72 in November and 50 in December.  Since there are currently 65 South Lake Tahoe homes in the middle of escrow I believe we’ll continue to see strong closed sales.  View all sales in the last year. The final real estate figures for December show that sales slowed down a bit but are still very strong.  Foreclosures are also down throughout Lake Tahoe and the state of California.

Here are 3 ways to get the best deals in South Lake Tahoe real estate

You can see the above figures that homes are selling.  This is a great time to purchase a home in Lake Tahoe.  If you are looking to buy and want to get a head start on the  good deals, I suggest you do the following:

  1. Sign up for email notifications of the Lake Tahoe MLS new home listings.  You will be notified of homes coming on the market the moment they are listed.  You will know as soon as the agents know.
  2. Another way to find out about the Lake Tahoe real estate market is to sign up to receive my blogs via email.
  3. Receive my monthly newsletter.

Request more information on real estate in Lake Tahoe by contacting Dan Spano directly.