Lake Tahoe Real Estate Blog

Sure & Steady, the Lake Tahoe real estate market is continuing along the path of anxious sellers vs. savvy buyers. The past week’s activity shows the beginning of (what we refer to as) the “listing season.”
Within the city limits, there were 12 “new/back on the market listings.” These new choices are within a low of $325,000 for a 3 bedroom, 2 bath home in the Sierra Tract to a high of $1,295,000 for a 4 bedroom, 2,538 SF home in the Tahoe Keys. The majority of these new listings have asking prices in the $700,000 range.
Along with the high number of new listings were 4 new pending sales. These homes ranged from $295,000 for a smaller home in the Tahoe Island area, to a brand new, 2032 SF home in the Sierra Tract listed at $489,000.
Among closed sales, there were three homes ranging from $350,000 for a duplex in the Al Tahoe area to $1,200,000 for a luxury home with over 3,000 SF in the Heavenly resort area.
Wrapping up the city limit weekly report, there are 2 new listings for vacant land. The low end is asking $129,000 for a Sierra Tract lot to a high of $469,000 for a Tahoe Keys lot with an allocation to build this year.

Within the county area, there were 6 new listings. The lower end of the range is located in the North Upper Truckee area and is asking $360,000 for a 1,886 SF, 4 bedroom, 2 bath home. The top of the range is $1,350,000 for a 5 bedroom, fully furnished home with great room, family room and game room within the Montgomery Estates area.
New escrows number 3 ranging from $420,000 for a 1,248 SF home near the forest to $1,850,000 for a 6 bedroom, gorgeous lodge-style home with filtered lake views. This home was fully furnished and also within the Montgomery Estates area.
There were 2 closed sales. The first was a 3 bedroom, 2 bath home with 1,633 SF in the Meyers area and the second was sold for $510,000 for a 3 bedroom, 1,920 SF home in the Christmas Valley area.
In regards to vacant land within the county, there were 5 new listings. The low end is asking $135,000 for a lot with building rights located within the burn area and the high end is $349,000 for a view lot within the Montgomery Estates neighborhood. This second lot received an offer within the first week and is currently pending.
Don’t forget to check in with the Learn About the Neighborhood section of our web site, www.HomeInTahoe.com to learn more about the various areas in South Lake Tahoe.

This week’s Home of the Week is 1941 Minniconjou, a classic A frame located within a few short miles to Heavenly Mt. & Lake Tahoe beaches. What a setting. Click here to take a visual tour.

Has the recent media attention toward the housing market having an effect on our local market? With reports of February showing the first sign of improvement, the buzz among local Realtors is that the phones are starting to ring and that property tours are on the rise. This past week was no exception.
Within the city limits, just as last week, there were ten new/back on the market listings ranging from a low of $189,000 for a small, in-town cabin to $1,600,00 for a newer luxury home near the Heavenly Ski resort. The trend for to purchase homes under $500,000 continues with two new escrows ranging from $294,750 to $395,000. There were two closed sales at $250,000 and $474,5000. The activity among vacant land was on the rise with 6 new/back on the market listings.
The county area had five new/back on the market listings, down from last week’s 9. These home values ranged from $359,000 - $555,000. There were five new escrows up from the one the previous week. These pending sales ranged from $309,000 - $525,000. There were two closed sales at $250,000 and $555,000. Among the lot activity, there were four new listings ranging from a low of $99,000 to a high of $349,000 for a stunning view lot in the MOntgomery Estates area.
Our choice for the Home of the Week is 2397 So. Upper Truckee, an ultimate Tahoe spa retreat. Click here for a visual tour.

At the beginning of my real estate career, my role model, Danielle Kennedy emphasized that a Realtor should move once every five years just to be able to best emphasize what a client is going through. Having just turned our lives upside down with a move of our own, I now know exactly what she was talking about. We are now settled (somewhat) and it’s time to get back to work. So, having missed the past couple of weekly updates, i am back on track. Here we go:
During the week of April 4th - 10th the city limits witnessed the following:
There were 10 new/back on the market single family and condos listed. Of these 10, the range was a low of $250,000 - a high of $2,475,000. Three homes went into escrow ranging from $269,900 - $895,000 and there were two closed sales, $325,000 and $365,000. There was no activity among vacant land.
Within the county area, there were 9 new/back on the market listings ranging from $398,000 to $1,349,000. One home went into escrow which was listed at $699,000 and there were five closed sales, ranging from a low of $235,000 to a high of $980,000. Two of these properties were bank-owned. There were two new lot listings, $165,000 - $299,000 and one closed sale for $145,000.

Our home of the week is a rare find.  Pristine condition, classic “Old Tahoe” cabin, furnished and all within walking distance to Lake Tahoe. Click here to take a visual tour.