Here is the Monthly Real Estate Market Update for the Month of June, year of 2012 for the area of South Lake Tahoe, California.
As of June 30th we had a total of 418 Residential Properties in the Market, including single family and condos, with an average price of $451,105.
In that same group (Residential Properties including single family and condos), we had a total of 66 New Listings entering the Market in the month of June. The average price for new listings this month was $417,003, with an average price per square feet of $223.
From 418 listings, 152 listings were pending escrow and 76 of them went into escrow in the month of June, 12 of them being a Short Sale. The average price for the 76 homes that went into escrow this month was $332,066, with an average price per square feet of $193 and they were an average of 136 days on the market.
In June, 72 Homes were SOLD. The average sale price for the homes that were sold this month was $283,388 with an average price per square feet of $176 and an average of 144 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.