|Here is the Monthly Real Estate Market Update for the Month of August, year of 2012 for the area of South Lake Tahoe, California.
As of August 31st we had a total of 394 Residential Properties in the Market, including single family and condos, with an average price of $492,068.
In that same group (Residential Properties including single family and condos), we had a total of 56 new listings entering the market in the month of August. The average price for new listings this month was $524,541, with an average price per square feet of $242.
From 394 listings, 145 listings were pending escrow and 87 of them went into escrow in the month of August, 6 of them being a Short Sale. The average price for the 70 homes that went into escrow this month was $314,008, with an average price per square feet of $186 and they were an average of 105 days on the market.
In August, 75 Homes were SOLD. The average sales price for the homes that were sold this month was $295,771 with an average price per square feet of $189 and an average of 154 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.