Here is the Monthly Real Estate Market Update for the Month of September, year of 2013 for the area of South Lake Tahoe, California. As of September 30th we had a total of 354 Residential Properties in the Market, including single family and condos, with an average price of $518,469.
In that same group (Residential Properties including single family and condos), we had a total of 68 new listings entering the market in the month of September. The average price for new listings this month was $391,640, with an average price per square feet of $249.
From 354 listings, 102 listings were pending escrow and 66 of them went into escrow in the month of September, 5 of them were short sales and 6 were foreclosures. The average price for the 66 homes that went into escrow this month was $472,214, with an average price per square feet of $253 and they were an average of 92 days on the market.
In September, 31 Homes were SOLD. The average sales price for the homes that were sold this month was $381,784 with an average price per square feet of $237 and an average of 73 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.