Wednesday, May 8, 2013

East Shore, NV- South Lake Tahoe Real Estate Market Update, Apr ...

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Home / Market Reports / East Shore, NV- South Lake Tahoe Real Estate Market Update, Apr. 30- May 6

Edgewood StrollingAccording to the Northern Nevada MLS there are 113 single family homes for sale throughout the Lake Tahoe?s Nevada East Shore neighborhoods (as of May 6th, 2013). Among this group of Nevada homes for sale, there are 31 homes currently in escrow. Among these 31 escrows, 4 of them are still pending bank approval for a short sale. Throughout these 113 active listings, the median list price is $1,450,000 while the average list price is at $3,370,057.? Among the 31 Nevada homes that are in escrow, the median listing price is $599,995 and the average listing price is $1,337,540.

There were 4 new listings this past week for Nevada single family homes, up 3 from the previous week. The lowest priced new listing is $549,000 for 630 Freel, a 3 bedroom, 1 bath with 1184 square feet in Zephyr Cove. The highest priced new listing was $1,750,000 for 354 Mackay Ct. in Stateline. There was 1 home that went into escrow over the past week in Nevada, the same as the previous week. The home that went into escrow is listed at $375,000 for 121 Dagget, a 3 bedroom, 2 bath with 1600 square feet in Kingsbury. There were 2 homes that recorded and closed escrow, the same as the week before. The lowest sale price was $629,000 for 174 Pine in Kingsbury, a 4 bedroom, 4 bath with 2016 square feet. The highest sale price was $4,395,000 for 84 Skyland Ct., a 5 bedroom, 3 bath with 3398 square feet.

As of May 6, 2013, there are 76 condominiums listed for sale on the Nevada side of South Lake Tahoe according to the Northern Nevada MLS. The median listing price for these condos is $344,450 and the average is $504,318. Out of these 76 condos on the market, there are 22 that are currently in escrow. Among the 22 pending sales, 5 of them are still subject to bank approval for a short sale. The median price for Nevada condos in escrow is $294,000 and the average is $480,563.

There was 1 new condo listings over the past week in Nevada, down 2 from the week before. The lowest new listing price was $262,600 for 192 Clubhouse in Lake Village. This condo has 2 bedrooms, 1 bath and 1248 square feet. The MLS reported no new pending sales, the same as the week before. There was 1 recorded sale this past week, down 4 from the week before. The townhouse sold for $1,150,000 and it is located at 1967 Lincoln in Glenbrook. The townhouse has 3 bedrooms, 3 baths and 2835 square feet.

Source: http://www.homeintahoe.com/east-shore-nv-south-lake-tahoe-real-estate-market-update-apr-30-may-6/

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