Here is the Monthly Real Estate Market Update for the Month of October, year of 2012 for the area of South Lake Tahoe, California.
As of October 31st we had a total of 318 Residential Properties in the Market, including single family and condos, with an average price of $521,223.
In that same group (Residential Properties including single family and condos), we had a total of 40 new listings entering the market in the month of October. The average price for new listings this month was $443,407, with an average price per square feet of $231.
From 318 listings, 109 listings were pending escrow and 63 of them went into escrow in the month of October, 6 of them being a Short Sale. The average price for the 53 homes that went into escrow this month was $408,159, with an average price per square feet of $212 and they were an average of 125 days on the market.
In October, 56 Homes were SOLD. The average sales price for the homes that were sold this month was $351,434 with an average price per square feet of $189 and an average of 126 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.