Here is the Monthly Real Estate Market Update for the Month of March, year of 2013 for the area of South Lake Tahoe, California. As of March 31st we had a total of 237 Residential Properties in the Market, including single family and condos, with an average price of $551,097.
In that same group (Residential Properties including single family and condos), we had a total of 64new listings entering the market in the month of March. The average price for new listings this month was $470,223, with an average price per square feet of $242.
From 237 listings, 101 listings were pending escrow and 58 of them went into escrow in the month of March, 9 of them being a Short Sale. The average price for the 56 homes that went into escrow this month was $458,513, with an average price per square feet of $242 and they were an average of 93 days on the market.
In March, 50 Homes were SOLD. The average sales price for the homes that were sold this month was $389,196 with an average price per square feet of $223 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.