Here is the Monthly Real Estate Market Update for the Month of February, year of 2012 for the area of South Lake Tahoe, California.
As of February 29th we had a total of 369 Residential Properties in the Market, including single family and condos, with an average price of $488,349.
In that same group (Residential Properties including single family and condos), we had a total of 95 New Listings entering the Market in the month of February. The average price for new listings this month was $336,384, with an average price per square feet of $202.
From 369 Listings, 106 listings were pending escrow and 57 of them went into escrow in the month of February, 15 of them being a Short Sale. The average price for the 57 homes that went into escrow this month was $287,814, with an average price per square feet of $169 and they were an average of 125 days on the market.
In February, 38 Homes were SOLD. The average sale price for the homes that were sold this month was $246,326 with an average price per square feet of $161 and an average of 157 days on 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.
Nanda Dozier, e-PRO
Realtor at Pinnacle Real Estate Group of Lake Tahoe
CA License #01879975
NV License #0170483