109 Homes in Escrow in South Lake Tahoe, CA… 45.9% are Distressed Sales!
(Lake Tahoe Real Estate Blog / September 4, 2010 / Richard Bolen)
We have just updated the South Lake Tahoe Real Estate Market Escrow Report. There are 109 homes in escrow right now. This same number was 101 in June, 102 in May, 109 in March, and 93 last December.
Escrow is 26.2% of the current 416 active homes listed on the market in South Lake Tahoe, CA.
- Throughout 2010 the percentage of homes in escrow has ranged from what it is now to 36.5%.
- Throughout 2009 the percentage of homes in escrow ranged from 9.5% to 29.9%.
- What this means is housing demand has increased throughout this year over last.
All homes in escrow, here.
Statistics on all homes in escrow here.
Escrow Summary :
Here’s what the latest escrow information tells us about current market conditions in South Lake Tahoe, CA:
- The Median Price for the homes in escrow is $299,900 (not including homes in The Tahoe Keys)
- It was $298,500 in June, $309,000 in May, and $329,4580 in February.
- Median Sold Price for these homes will be less than the $299,900 current listed median price above.
- Escrow normally takes about 60 days in South Lake Tahoe, CA.
Escrow and Inventory :
Continue reading “South Lake Tahoe, CA Homes in Escrow” on our main blog.
Previous Escrow Reports:
Sep 2, 1010: Stateline, NV Escrow Report
Jun 7, 2010: South Lake Tahoe, CA Escrow Report
Apr 24, 2010: South Lake Tahoe, CA Escrow Report
Apr 6, 2010: US Home Contracts Rise… what about South Lake Tahoe?
Feb 10, 2010: South Lake Tahoe, NV Escrow Report
Dec 9, 2009: South Lake Tahoe, CA Homes in Escrow
Sep 1, 2009: US Pending Sales Rise…what about South Lake Tahoe?
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