|Here is the Monthly Real Estate Market Update for the Month of January, year of 2013 for the area of South Lake Tahoe, California. As of January 31st we had a total of 209 Residential Properties in the Market, including single family and condos, with an average price of $547,726.
In that same group (Residential Properties including single family and condos), we had a total of 41 new listings entering the market in the month of January. The average price for new listings this month was $433,555, with an average price per square feet of $249.
From 209 listings, 70 listings were pending escrow and 41 of them went into escrow in the month of January, 6 of them being a Short Sale. The average price for the 28 homes that went into escrow this month was $354,295, with an average price per square feet of $209 and they were an average of 123 days on the market.
In January, 44 Homes were SOLD. The average sales price for the homes that were sold this month was $324,531 with an average price per square feet of $198 and an average of 153 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.