Here is the Monthly Real Estate Market Update for the Month of July, year of 2012 for the area of South Lake Tahoe, California.
As of July 31st we had a total of 396 Residential Properties in the Market, including single family and condos, with an average price of $469,849.
In that same group (Residential Properties including single family and condos), we had a total of 54 new listings entering the market in the month of July. The average price for new listings this month was $468,340, with an average price per square feet of $235.
From 396 listings, 133 listings were pending escrow and 70 of them went into escrow in the month of July, 18 of them being a Short Sale. The average price for the 70 homes that went into escrow this month was $309,655, with an average price per square feet of $190 and they were an average of 119 days on the market.
In July, 69 Homes were SOLD. The average sales price for the homes that were sold this month was $331,620 with an average price per square feet of $190 and an average of 142 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.