The South Lake Tahoe Real Estate market experienced another solid week of buyer activity similar to the previous week. The foreclosures located at 1472 Glen Eagles and 2002 Cherokee that I predicted would sell very quickly, both had multiple offers, and are now in escrow.
There was a total of seven single family houses that went into escrow reported on the South Lake Tahoe MLS.
2002 Cherokee St. (foreclosure)
$384,900
1472 Glen Eagles (foreclosure)
$394,500
1301 Pine Valley (foreclosure)
$664,000
$298,500
$379,000
$399,950
$269,000
There were eight single family homes sold last week that were reported on the South Lake Tahoe MLS.
2695 Springwood Drive
Asking Price $289,900
Sold Price $262,000
1261 E. San Bernadino St.
Asking Price $399,000
Sold Price $399,000
1024 Iron Mountain
Asking Price $1,050,000
Sold Price $937,500
2521 Osborne St.
Asking Price $259,900
Sold Price $245,000
2175 Royal St.
Asking Price $359,000
Sold Price $315,000
2293 Eloise Ave. #C
Asking Price $498,000
Sold Price $434,000
1536 Chippewa St.
Asking Price $699,000
Sold Price $639,000
3463 Beaver Brae Dr.
Asking Price $464,900
Sold Price $505,000
There were 24 price reductions with the largest reduction being 645 Zuni which is a new home reduced to $899,000 from $995,000!
New single family listings were up to 16 from 12 the previous week.
The South Lake Tahoe Real Estate market experienced another solid week of buyer activity during the first week of Spring. We will see if this activity continues through the Summer.
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