South Lake Tahoe Real Estate Market Report for October 2012

By
Real Estate Agent with Chase International

South Lake Tahoe Real Estate Market Report for October 2012

October was another great month for single family home sales in South Lake Tahoe, CA.  There were 55 homes sold with the total dollar value sold at $21,025,085.  Out of the 55 homes sold 3 were REO/ bank owned foreclosure and 10 were short sale.

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The highest price home sold was a lakefront home in Camp Richardson area for $1,875,000.  The lowest price home sold was a probate sale for a one bedroom cabin in Bijou 1 area for $60,750.

Most homes were sold in the price range of $200,000 to $399,000 with 28 homes sold.  Second place price range sold was up to $199,999 with 11 homes sold.  Third place price range sold was in $400,000 to $599,999 with 10 homes sold.

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The forecast for South Lake Tahoe real estate market as of 11-6-2012, there are 112 single family homes pending with a pre-closing total dollar value of $43,550,875.  There are 12 REO/bank owned foreclosure pending and 27 short sale pending.  (read more)...

 

Information taken from South Tahoe Association of Realtor.  Information deemed reliable but not guaranteed. DOM may not reflect total days property has been on market.

 

Areas included in this report are South Lake Tahoe, Meyers, Camp Richardson, Cascade Properties, Emerald Bay, and Fallen Leaf. 

Sometimes a listing does not show up because the listing agent did not want it publish to IDX.

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Rainmaker
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Gina Tufano
Ask Gina & Company with Pearson Smith Realty - Sterling, VA
Ask Gina & Company, Northern Virginia Real Estate

Looks like a great Oct 2012 report. Keep those sales coming!

Nov 19, 2012 06:40 AM #1
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