Here is the Monthly Real Estate Market Update for the Month of February, year of 2011 for the area of South Lake Tahoe.
As of February 28th we had a total of 333 Residential Properties in the Market, including single family and condos, with an average price of $673,494.
In that same group (Residential Properties including single family and condos), we had a total of 62 New Listings entering the Market in the month of January. The average price for new listings this month was $466,355, with an average price per square feet of $257.
From 333 Listings, 55 Properties went into escrow, 20 of them being a Short Sale. The average price for the homes that went into escrow this month was $399,703, with an average price per square feet of $207 and they were an average of 145 days in the market.
In February, 33 Homes were SOLD. The average sale price for the homes that were sold this month was $377,227 with an average price per square feet of $195 and an average of 210 days in the market.
Please feel free to contact me if you have any questions regarding this Market Update or if you want me to provide a Market Update specific to your neighborhood.
Click Here to view the Market Report for January 2011