South Lake Tahoe Real Estate Statistic Update for October 14, 2013

The following South Lake Tahoe Real Estate statistics are for residential (single family and Condo/Townhouses) located in the city and county areas of South Lake Tahoe as of

10/14/2013.

Total listings on the South Lake Tahoe MLS: 349

Active listings: 261 ( There are 4 active short sale listings and 7 bank owned listings which is about 4.2% of the total inventory) 221 of the listings are single family homes and 40 are condo/townhouses.

Active Pending listings: 88 (17 are short sales and 2 are bank owned foreclosures which accounts for 21.6% of the inventory)

The 88 Active Pending listings represent 25.2% of the total inventory of properties in escrow.

Breakdown by price range of the 88 escrows

• Under $200,000=               11 properties  (12.5%)
• $201,000 to $300,000=  22 properties (37.5% under $300k)
• $301,000 to $400,000= 20 properties (60.2% under $400k)
• $401,000 to $500,000= 14 properties
• $501,000 to $600,000= 11 properties
• $601,000 to $700,000= 4 properties
• $701,000 to $800,000= 1 property
• $801,000 to $999,000= 1 property
• Over $1,000,000= 4 properties

So far this year there have been 576 single family and condo/townhouses that have sold on the South Lake Tahoe MLS. There were 40 bank owned foreclosures that were sold (6.9% of the closings) and 45 short sales that were sold (7.8% of the closings).

In 2012 there were 172 bank owned foreclosures that were sold which accounted for 23.2% of the closings. There were 124 short sales which were sold which accounted for 16.8% of the closings.

For more information about the South Lake Tahoe Real Estate market pleaes call Brent Johnson at (530) 416-2625.